48 Volt is expected to remain the largest segment in the global low speed electric vehicle market

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Jul 14, 2021 (Market Insight Reports) — DALLAS, TX / July 14, 2021 /An exciting new study from the team of Lucintel found that low speed electric vehicle market is expected to reach $8.92 billion by 2025 with a CAGR of 1.3%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.

Download Brochure of this report by clicking on https://www.lucintel.com/low-speed-electric-vehicle-market.aspx

The Low speed electric vehicle market is segmented based on voltage, product type, and region. In this market, a 48 Volt is the largest segment by voltage, whereas golf cart is largest by product type. Players can benefit from the available opportunities like government initiatives to reduce carbon emission and increasing traffic congestion.

The development of low cost lithium ion batteries, adoption of 3D printing technology for LSEV manufacturing, and increasing use of LSEVs as personal transportation vehicles in countries like United States are emerging trends having impact on dynamics of the industry.

Polaris Industries Inc., LIGIER Group, Renault Group, Yogomo Motors Co. Ltd., Textron Inc., Shifeng Group Co. and others are some of the major players profiled in this 184 page report.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the low speed electric vehicle market by voltage (24V, 36V, 48V, 60v, and 72V), product type (personal utility vehicles, golf carts, low speed heavy duty, and low speed off road), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the low speed electric vehicle market?

Q.4 What are some changing demands of customers in the low speed electric vehicle market?

Q.5 What are the new developments in the low speed electric vehicle market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this low speed electric vehicle area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this low speed electric vehicle market?

This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

COMTEX_389785091/2599/2021-07-14T06:42:57

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The MarketWatch News Department was not involved in the creation of this content.