North America Low Speed Vehicle Market The rising elderly population is projected to create more demand for mobility solutions that are beyond automobiles. In this respect, the low speed vehicles and street-legal golf carts are ideal as these are cost-effective, convenient, and a clean local transportation substitute for this population. The mentioned vehicles are also appropriate for commuters, students, and government fleet operators. The US projects to lower vehicle miles traveled and greenhouse gas emissions. The abovementioned factors have been playing a significant role in creating an immediate market for zero-emission vehicles, particularly in the US. The use of low speed vehicles for short trips would play a vital role in decreasing greenhouse gas emission levels in the Americas. All these factors are anticipated to boost the demand of low speed vehicle market in the North America region in the coming years.
Top Leading Companies
Bintelli Electric Vehicle,Club Car, LLC,Cruise Car, Inc.,,Deere & Company,HDK Co., Ltd.,Moto Electric Vehicles,Polaris Inc.,Textron Specialized Vehicles Inc.,The Toro Company,Yamaha Golf-Car Company
The low speed vehicle market in North America was valued at US$ 3,209.2 million in 2019 and is projected to reach US$ 4,199.6 million by 2027; it is expected to grow at a CAGR of 3.5% from 2020 to 2027.
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NORTH AMERICA LOW SPEED VEHICLEMARKET SEGMENTATION
North America Low Speed Vehicle Market – By Type
- Commercial Turf Utility Vehicles
- Golf Carts
- Industrial Utility Vehicles
- Personnel Carriers
North America Low Speed Vehicle Market – By Propulsion
- Less than 5 HP
- 5 to 10 HP
- More than 8 HP
North America Low Speed Vehicle Market – By Country
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The key questions answered in this report:
- What will be the Market Size and Growth Rate in the forecast year
- What are the Key Factors driving Variable Area Intelligent Flow Meters Market
- What are the Risks and Challenges in front of the market
- Who are the Key Vendors in Variable Area Intelligent Flow Meters Market
- What are the Trending Factors influencing the market shares
- What are the Key Outcomes of Porter’s five forces model
- Which are the Global Opportunities for Expanding North America Low Speed Vehicle Market
The scope of the Report:
The report segments the regional North America EGR Cooler Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the regional North America EGR Cooler Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
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