Market Overview:
The global gasoline low speed vehicle market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for low-speed vehicles for personal use, public utilities, golf carts, sightseeing cars, and other applications. In terms of type, the small and medium car segment is expected to dominate the global gasoline low speed vehicle market during the forecast period. However, large car segment is projected to grow at a higher CAGR than small and medium car segment during the forecast period.
Product Definition:
A gasoline low speed vehicle is a motor vehicle that meets federal safety standards for low-speed vehicles. Low-speed vehicles are intended for use on roads with posted speeds of 35 mph or less.
Small and Medium Car:
Small and medium car is the fastest growing gasoline low speed vehicle segment in the world. The growth of this segment can be attributed to factors such as increasing disposable income, changing lifestyle, demand for compact cars with high fuel efficiency and safety features.
The global small & medium car sales were estimated at around 5 million units in 2012. Asia Pacific was leading that particular market with a large number of sales followed by Europe and North America respectively.
Large Car:
Large car and it's usage in gasoline low speed vehicle market is expected to witness significant growth over the forecast period. The demand for large cars has been rising due to increase in purchasing power, rapid urbanization, and changing lifestyles. In addition, increasing disposable income of consumers has led them to purchase vehicles that are comfortable, luxurious and have better fuel efficiency.
Application Insights:
The personal use segment dominated the global gasoline low speed vehicle market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing automobile sales and growing urbanization. Personal use vehicles include small cars, medium cars, and large cars that are used for individual transportation within a city or town. These types of vehicles have a lower seating capacity as compared to public utility vehicles (PUVs) or buses for instance. However, they can still accommodate more than one passenger due to their larger size and comfortable seats.
Growth in the number of single-family homes has led to an increase in demand for automobiles among consumers across various regions including North America and Europe Pacific Asia Latin America Middle East & Africa Oceania (Australasia).
Regional Analysis:
Asia Pacific dominated the global gasoline low speed vehicle market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for automobiles from developing countries, such as China and India. Furthermore, factors such as growing population and rising disposable income are anticipated to boost automobile sales in this region.
The Asia Pacific regional market accounted for a share of more than 35% of total revenue in 2017 on account of high demand from developing economies including China and India. Increasing automotive production coupled with favorable government policies aimed at promoting passenger cars is also likely to drive industry expansion over the coming years.
Europe was estimated at USD Xver million (USD Xm)in 2017 owing to high demand from countries including Germany, France, Italy, U K.
Growth Factors:
- Increasing demand for Gasoline Low Speed Vehicle from the commercial sector as it is more fuel-efficient and eco-friendly as compared to other vehicles.
- Rising awareness about the benefits of using Gasoline Low Speed Vehicle among consumers, which is likely to boost the market growth in the near future.
- Technological advancements in Gasoline Low Speed Vehicle that are making them more efficient and reliable, which is attracting a large number of consumers towards this segment.
- Growing popularity of green transportation owing to its numerous advantages over traditional modes of transport, propelling the market growth further in the coming years. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Gasoline Low Speed Vehicle Market Research Report
By Type
Small and Medium Car, Large Car
By Application
Personal Use, Public Utilities, Golf Cart, Sightseeing Cars, Other
By Companies
Byvin Corporation, Yogomo, Shifeng, Ingersoll Rand, Dojo, Textron, Lichi, Polaris, Yamaha, GreenWheel EV, Xinyuzhou, Renault, Eagle, Tangjun
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Gasoline Low Speed Vehicle Market Report Segments:
The global Gasoline Low Speed Vehicle market is segmented on the basis of:
Types
Small and Medium Car, Large Car
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Use, Public Utilities, Golf Cart, Sightseeing Cars, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Byvin Corporation
- Yogomo
- Shifeng
- Ingersoll Rand
- Dojo
- Textron
- Lichi
- Polaris
- Yamaha
- GreenWheel EV
- Xinyuzhou
- Renault
- Eagle
- Tangjun
Highlights of The Gasoline Low Speed Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small and Medium Car
- Large Car
- By Application:
- Personal Use
- Public Utilities
- Golf Cart
- Sightseeing Cars
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gasoline Low Speed Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A gasoline low speed vehicle is a type of motor vehicle that uses gasoline as the primary fuel. These vehicles typically have a lower maximum speed than other types of motor vehicles, and they are designed for use on roads and highways.
Some of the major companies in the gasoline low speed vehicle market are Byvin Corporation, Yogomo, Shifeng, Ingersoll Rand, Dojo, Textron, Lichi, Polaris, Yamaha, GreenWheel EV, Xinyuzhou, Renault, Eagle, Tangjun.
The gasoline low speed vehicle market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gasoline Low Speed Vehicle Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Gasoline Low Speed Vehicle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gasoline Low Speed Vehicle Market - Supply Chain
4.5. Global Gasoline Low Speed Vehicle Market Forecast
4.5.1. Gasoline Low Speed Vehicle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gasoline Low Speed Vehicle Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gasoline Low Speed Vehicle Market Absolute $ Opportunity
5. Global Gasoline Low Speed Vehicle Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Gasoline Low Speed Vehicle Market Size and Volume Forecast by Type
5.3.1. Small and Medium Car
5.3.2. Large Car
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gasoline Low Speed Vehicle Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Gasoline Low Speed Vehicle Market Size and Volume Forecast by Application
6.3.1. Personal Use
6.3.2. Public Utilities
6.3.3. Golf Cart
6.3.4. Sightseeing Cars
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gasoline Low Speed Vehicle Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Gasoline Low Speed Vehicle Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Gasoline Low Speed Vehicle Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Gasoline Low Speed Vehicle Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Gasoline Low Speed Vehicle Demand Share Forecast, 2019-2026
9. North America Gasoline Low Speed Vehicle Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Gasoline Low Speed Vehicle Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Gasoline Low Speed Vehicle Market Size and Volume Forecast by Application
9.4.1. Personal Use
9.4.2. Public Utilities
9.4.3. Golf Cart
9.4.4. Sightseeing Cars
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gasoline Low Speed Vehicle Market Size and Volume Forecast by Type
9.7.1. Small and Medium Car
9.7.2. Large Car
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Gasoline Low Speed Vehicle Demand Share Forecast, 2019-2026
10. Latin America Gasoline Low Speed Vehicle Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Gasoline Low Speed Vehicle Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Gasoline Low Speed Vehicle Market Size and Volume Forecast by Application
10.4.1. Personal Use
10.4.2. Public Utilities
10.4.3. Golf Cart
10.4.4. Sightseeing Cars
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gasoline Low Speed Vehicle Market Size and Volume Forecast by Type
10.7.1. Small and Medium Car
10.7.2. Large Car
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Gasoline Low Speed Vehicle Demand Share Forecast, 2019-2026
11. Europe Gasoline Low Speed Vehicle Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Gasoline Low Speed Vehicle Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Gasoline Low Speed Vehicle Market Size and Volume Forecast by Application
11.4.1. Personal Use
11.4.2. Public Utilities
11.4.3. Golf Cart
11.4.4. Sightseeing Cars
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gasoline Low Speed Vehicle Market Size and Volume Forecast by Type
11.7.1. Small and Medium Car
11.7.2. Large Car
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Gasoline Low Speed Vehicle Demand Share, 2019-2026
12. Asia Pacific Gasoline Low Speed Vehicle Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Gasoline Low Speed Vehicle Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Gasoline Low Speed Vehicle Market Size and Volume Forecast by Application
12.4.1. Personal Use
12.4.2. Public Utilities
12.4.3. Golf Cart
12.4.4. Sightseeing Cars
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gasoline Low Speed Vehicle Market Size and Volume Forecast by Type
12.7.1. Small and Medium Car
12.7.2. Large Car
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Gasoline Low Speed Vehicle Demand Share, 2019-2026
13. Middle East & Africa Gasoline Low Speed Vehicle Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Gasoline Low Speed Vehicle Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Gasoline Low Speed Vehicle Market Size and Volume Forecast by Application
13.4.1. Personal Use
13.4.2. Public Utilities
13.4.3. Golf Cart
13.4.4. Sightseeing Cars
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gasoline Low Speed Vehicle Market Size and Volume Forecast by Type
13.7.1. Small and Medium Car
13.7.2. Large Car
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Gasoline Low Speed Vehicle Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Gasoline Low Speed Vehicle Market: Market Share Analysis
14.2. Gasoline Low Speed Vehicle Distributors and Customers
14.3. Gasoline Low Speed Vehicle Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Byvin Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Yogomo
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shifeng
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ingersoll Rand
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dojo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Textron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lichi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Polaris
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yamaha
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GreenWheel EV
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Xinyuzhou
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Renault
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eagle
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tangjun
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
