U.S. Low Speed Vehicle Market is forecast to grow at 6.4% with factors such as increasing demand for utility vehicles for commercial purposes.
Low speed vehicle market has shown an exceptional penetration in U.S. increasing number of golf courses is increasing the penetration in the country. Moreover, increasing government initiatives for electric vehicles is creating opportunity for the low speed vehicle market.
Low Speed Vehicle Market Scenario
According to Data Bridge Market Research, the market leader is Textron Inc. which accounts an estimated market share of approximately 20% to 25% in the U.S. The company has gained outstanding sale through their industrial product.
- In January 2019, Textron Inc. announced the launch of Hauler 800 ELiTE electric utility vehicle. The new vehicle came in with Samsung SDI lithium technology and offered zero-maintenance batteries with high energy efficiency. The new product expanded the ELiTE series of the company.
Trends Impacting the Market
The low speed vehicle market is becoming more competitive every year with companies such as Textron Inc., Deere & Company and The Toro Company as they are the market leaders for low speed vehicle. The data bridge market research new reports highlight the major growth factors and opportunities in the low speed vehicle market.
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Low Speed Vehicle Market Development
- In August 2016, Cushman a brand of Textron Inc. announced the launch of a new line of Hauler utility vehicles. The new line of Hauler utility vehicles included Hauler PRO-X, Hauler PRO, Hauler 1200X and Hauler 1200. These new vehicles offered 12-cubic-foot durable roto-molded polyethylene bed, truck-inspired design and affordable accessories. The new product increased the product portfolio of the company.
Scope of the Low Speed Vehicle Market
Country based analysis of low speed vehicle market is further analyzed based on further segmentation. On the basis of vehicle type, U.S. low speed vehicle market has been segmented into golf cart, commercial turf utility vehicle, industrial utility vehicle and personal mobility vehicle. On the basis of power output, U.S. low speed vehicle market has been segmented into less than 8 kw, 8 kw to 15 kw and more than 15 kw. On the basis of number of passenger, U.S. low speed vehicle market has been segmented into 4 passenger, 2 passenger and more than 5 passenger. On the basis of transmission type, U.S. low speed vehicle market has been segmented into automatic transmission, manual transmission and others. On the basis of propulsion type, U.S. low speed vehicle market has been segmented into electric, gasoline and diesel.
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Key Pointers Covered in Low Speed Vehicle Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Recent Developments for Market Competitors
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- Yamaha Motor Co., Ltd.
- Polaris Inc.
- KUBOTA Corporation
- American LandMaster
- Ingersoll Rand
- Columbia Vehicle Group Inc.
- Deere & Company
- Textron Inc.
- The Toro Company
- Moto Electric Vehicles
Above are the key players covered in the report, to know about more and exhaustive list of low speed vehicle companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=us-low-speed-vehicle-market
Research Methodology: U.S. Low Speed Vehicle Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Product Managers, Automotive Industries
- Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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- Global Industrial Utility Vehicle Market – Industry Trends and Forecast to 2027
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