Low speed vehicle Industry Global Market Insights Report 2018Posted by Abhijeet Bendre on December 5th, 2018 Low speed vehicle Market Analysis 2018 To 2023. Low speed vehicle Market Information Report By Propulsion (Diesel, Electric, Gasoline), By Vehicle Type (Neighborhood electric vehicles (NEV), Electric golf carts, Electric personal utility vehicles, Off-road electric vehicles and Commercial electric vehicles), By End-users (Golf courses, Airports, Hotels and resorts, Residential premises, Other) And By Region - Forecast To 2023 Global Low speed vehicle Market Highlights: Low-speed vehicles refer to the lightweight vehicles, which are powered by electric motors for momentum. These vehicles are fuel efficient and quiet. These vehicles were introduced with the objective to overcome the increasing prices of fossil fuels and for reducing pollution. The low-speed vehicles are efficient for meeting the needs of short distance transportation such as golf carts and neighborhood electric vehicles. The growth of the low-speed vehicles is majorly driven by the increasing pressure from the government for reducing the emission of greenhouse gases. The governments of many developed and developing nations, are taking initiatives for promoting the deployment of electric vehicles, which would further help in reducing the conventional fossil fuel consuming vehicles fleet. The rapidly increasing demand for non-polluting and low-speed electric vehicles by various hotels, airports, public transportation and golf courses, is one of the factors majorly contributing in the growth of global low-speed vehicles market. The increasing urbanization in the developing economies all over the globe, such as China and U.S., is generating immense opportunities for the manufacturers of the low-speed vehicles to satisfy the emerging needs of the economic mobility infrastructure. However, the growth of the low-speed vehicle market is expected to be hindered by the lack of reliable government policies and information, in developing countries to promote the use of the low-speed vehicles. The global low-speed vehicle market has seen remarkable growth in the global market and it has been observed that, its demand in future is expected to grow with the CAGR of ~5%. For more information on this Low speed vehicle Industry – Global Market Report @ https://www.marketresearchfuture.com/reports/Low speed vehicle-market-5513 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact Info: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Pune, India., Like it? Share it! More by this author |