Global low speed electric vehicle market will reach $22.35 billion by 2030, growing by 12.3% annually over 2020-2030 owing to stringent environmental regulations, improvement in electric vehicle R&D, advanced battery technology, and government subsidies.
Highlighted with 84 tables and 89 figures, this 181-page report "Global Low Speed Electric Vehicle (LSEV) Market 2020-2030 by Product (Two-wheelers, Three-wheelers, Four-wheelers), Voltage, Battery, Vehicle Type, End User, and Region: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire global low speed electric vehicle market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter's Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global low speed electric vehicle market in every aspect of the classification from perspectives of Product, Voltage, Battery, Vehicle Type, End User, and Region.

Based on Product, the global market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section.
- Two-wheelers
o E-Bikes
o E-Scooters
o Motorcycles
o Kick Scooters
o Other Two-wheelers
- Three-wheelers
- Four-wheelers

Based on Voltage, the global market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section.
- 24V
- 36V
- 48V
- 60V
- 72V

Based on Battery, the global market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section.
- Lithium-Ion Battery LSEV
- Lead-Acid Battery LSEV
- Other Battery LSEV

Based on Vehicle Type, the global market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section.
- Passenger LSEV
- Heavy-duty LSEV
- Utility LSEV
- Off-road LSEV

Based on End User, the global market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section.
- Golf Courses
- Tourist Destinations
- Hotels & Resorts
- Transport Terminals
- Residential & Commercial Premises
- Other End Users

Geographically, the following regions together with the listed national/local markets are fully investigated:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Turkey, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2020-2030. The breakdown of all regional markets by country and split of key national markets by Voltage, Battery, and Vehicle Type over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global low speed electric vehicle market are assayed quantitatively and qualitatively through GMD's Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
AGT Electric Cars
Bintelli Electric Vehicles
Bradshaw Electric Vehicles
Byvin
Groupe Renault
HDK Electric Vehicles
Ingersoll Rand, Inc.
Ligier Group
Polaris Industries
Renault SA
Shandong Shifeng (Group)
Speedway Electric
Textron Inc.
Yamaha Motors Co. Ltd.
Yujie Group
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)