Electric Low Speed Vehicles (LSV) Market Growing Trends and Demands Analysis

1. Contrive Datum InsightsGlobal Research And Consulting A complete solution to explore all the potential aspect to drive the growth of the business industries. Electric Low Speed Vehicles (LSV) Market

2. About Us Contrive Datum Insights (CDI) is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. CDI’s experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyse information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each CDI syndicated research report covers a different sector — such as chemicals, materials, metals & mining, pharmaceuticals, energy, automotive, food and beverages, semiconductors, med-devices, consumer goods and information technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.

3. Services Offered : • Market Intelligence & Market Opportunity Assessment • Market Size & Segmentation • Market Entry Strategy • Competitor Benchmarking • Pricing Intelligence • Customer Intelligence • Sourcing Intelligence • New-Generation Products & Technologies • Distribution & Sales Channel Assessment

4. Clientele: Some of the global leading clients that we have served:

5. Clientele: Some of the global leading clients that we have served:

6. MarketOverview Electric Low-Speed Vehicles (LSV) Market size hit US$ 3.94 Billion in 2022, growing at a CAGR of 15.01% over the forecast period.LSVs (Electric Low-Speed Vehicles) are regulated vehicles that can be driven on general roads and routes that are less regulated than regular cars. The top speed is over 20 mph but less than 25 mph. Electric LSVs must meet the federal safety standards for low-speed vehicles and all relevant FMVSS provisions of 49 CFR part571.According to our research report, the global market for electric low-speed vehicles is likely to grow in the coming years as more golf courses buy electric golf carts. The global electric low speed vehicle (LSV) market is split up into different types of vehicles, such as golf carts, electric personal utility vehicles, electric low speed off-road vehicles, and electric low speed heavy duty vehicles. In 2016, 43.6% of the market was made up of electric golf carts.

7. By Region: North America had the biggest share of the world low speed electric vehicle market. When COVID-19 is taken into account, the direction and outlook for the North American (NA) market are seen in an optimistic, balanced, and conservative way.Europe has the second biggest market for low-speed electric vehicles in the world. The European low-speed electric vehicle market is driven by strict environmental laws, changes in electric vehicle research and development, government subsidies, and new battery technology.Asia-Pacific is the biggest market for low-speed electric cars. The Asia-Pacific market is led by China in terms of income, which makes up the majority of the market. Due to its size, population, technological improvements, and government support for subsidies and regulations, the country has become a major player in the low-speed electric vehicle market in the area.The Asia-Pacific region will stay the biggest.

8. The Global Electric Low Speed Vehicles (LSV) Market has been segmented into: • By Type: • Electric Golf Cart • Electric Personal Utility Vehicle • Electric Low Speed Off-Road Vehicle • Others • By Breakup by Battery • Lithium-Ion Battery • Lead-Acid Battery • Others • By Application: • Golf Courses • Hotels • Tourist Destinations • Airports • Others

9. The Global Electric Low Speed Vehicles (LSV) Market has been segmented into: • By Region • Europe • Germany • France • Italy • Spain • UK • Nordic Countries • Denmark • Finland • Iceland • Sweden • Norway • Benelux Union • Belgium • The Netherlands • Luxembourg • Rest of Europe • By Region • North America • US • Canada • Mexico • Rest of North America • The Middle East & Africa • Saudi Arabia • UAE • Egypt • South Africa • Rest of the Middle East & Africa • Latin America • Brazil • Argentina • Rest of Latin America • ByRegion • Asia-Pacific • Japan • China • India • Australia • South Korea • Southeast Asia • Indonesia • Thailand • Malaysia • Singapore • Rest of Southeast Asia • Rest of Asia-Pacific

10. Key Market Updates: • The National Golf Foundation says that in the US, a total of 25.6 million people played golf on the course and 15.5 million people played golf in places like Topgolf and Drive Shack that aren't golf courses. Also, there were 3 million new golf players in the last 3 years, compared to 2 million in the last 9 years. According to the National Golf Foundation, 6.2 million people between the ages of 18 and 34 played golf. The rise in rewards and prizes is a big reason why golf course games are getting more popular. In Asia-Pacific, rewards for professional golf tournaments run from $30,000 to $0.2 million. Golf courses are becoming more popular because people have more money to spend, their lives are changing, and they are becoming more interested in high-end sports. As people's tastes in premium sports change and their lifestyles change, the market for golf and LSVs are both expected to grow in the coming years.

11. Market Players • Yamaha Motors • HDK Electric Vehicles • Textron • Speedway Electric • Polaris Industries • CitEcarElectric Vehicles • Others.

12. Customer Experiences “Very happy with the service. Report quality as well as response time for my custom market study was great. I am looking forward to work with Contrive Datum Insights (CDI) in future. “ “We are satisfied with research report offered by Contrive Datum Insights (CDI) .” We appreciate your support throughout the project.” "You and your team did a terrific job on this project.” CDI will be at the top of our list in the future for market research projects.” G. Luca, A+ Outsourced Marketing Consulting Company (privacy requested) Europe based Fortune 500 Company (privacy requested)

13. By associating with Contrive Datum Insights (CDI) , customer can enjoy following benefits: • One-Stop-Destination for all research needs (Syndicate and Custom Reports) • Reduced Budget and Faster Turnaround Time • Focused Research Team - Contrive Datum Insights (CDI) can arrange a dedicated team of 2-3 resources with 1 Research Manager , who will look after any ad-hoc needs of the client • Dedicated Account Manager • 24/7 availability for any custom needs of the client • Flexible Partnering Model to accommodate client’s research needs • Access to Data-Cuts related to required Market for global region • ▪ Industry Update on Weekly/Bi-Weekly/Monthly basis • ▪ Market Trend Analysis on Monthly/Quarterly basis Benefits of Association

14. Thank You! To know more about us, please visit our website: www.contrivedatuminsights.com For sales queries or new topics email us on: anna@contrivedatuminsights.com