Market Research

Europe Low-Speed Vehicle Market Size, Share & Industry Trends Analysis Report

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 148 Pages Knowledge Based Value (KBV) Research June, 2023 KBV18113908
Best Price Guarantee
Price from $1,500
Length 148 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date June, 2023
SKU KBV18113908

Europe Low-Speed Vehicle Market Size, Share & Industry Trends Analysis Report By Category Type (L7, and L6), By Vehicle Type, By Power Output, By Propulsion, By Battery Type, By Voltage Type, By Application, By Country and Growth Forecast, 2023 - 2030


The Europe Low-Speed Vehicle Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030).

The growing ageing population will be the driving force behind the market as this age group needs vehicles that can be used for mobility. Strict emission regulations and standards supporting the demand. The use of LSVs for short-distance travel also makes growing fuel prices a significant factor in the market's growth.

Low-speed vehicles (LSVs) have four wheels and a maximum speed of around 25 mph (40 km/h). These vehicles are used as golf carts, turf utility vehicles, neighborhood vehicles, and industrial automobiles. Due to its portability, it is used in a variety of locations, including gated communities, corporate offices, industrial areas, and campuses of schools, colleges, and universities. Currently, low-speed vehicles come in both electric and conventional fuel versions. More than 60% of these vehicles are electrically powered, and it is predicted that they will contribute to the growth of market throughout the review period.

A key driver propelling the market in Europe is the growing prominence of golf infrastructure. Despite being primarily centered in the highest-ranked golfing nations, Europe is seeing a steady increase in the number of golf courses. The general public has limited access to several of these facilities since they are only available to private clubs, golf resorts, and golf-specific properties. Currently, a large share of the world's golf course supply can be found in Europe. This growing popularity of golf courses is predicted to raise the demand for golf carts, thereby supporting market growth.

The Germany market dominated the Europe Low-Speed Vehicle Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $935.5 million by 2030. The UK market is showcasing a CAGR of 5.9% during (2023 - 2030). Additionally, The France market would display a CAGR of 7.6% during (2023 - 2030).

Based on Category Type, the market is segmented into L7, and L6. Based on Vehicle Type, the market is segmented into Commercial Turf Utility Vehicle, Golf Cart, Industrial Utility Vehicle, and Personal Mobility Vehicle. Based on Power Output, the market is segmented into <8KW, 8-15KW, and >15KW. Based on Propulsion, the market is segmented into Electric, Diesel, and Gasoline. Based on Battery Type, the market is segmented into Li-Ion, and Lead Acid. Based on Voltage Type, the market is segmented into <60 V, and >60 V. Based on Application, the market is segmented into Golf Courses, Hotels & Resorts, Airports, Industrial Facilities, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Textron, Inc., Deere & Company, Yamaha Motor Co., Ltd., The Toro Company, KUBOTA Corporation, Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.), Waev, Inc., Club Car, LLC, American LandMaster, and Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd.

Scope of the Study

Market Segments covered in the Report:

By Category Type
  • L7
  • L6
By Vehicle Type
  • Commercial Turf Utility Vehicle
  • Golf Cart
  • Industrial Utility Vehicle
  • Personal Mobility Vehicle
By Power Output
  • <8KW
  • 8-15KW
  • >15KW
By Propulsion
  • Electric
  • Diesel
  • Gasoline
By Battery Type
  • Li-Ion
  • Lead Acid
By Voltage Type
  • <60 V
  • >60 V
By Application
  • Golf Courses
  • Hotels & Resorts
  • Airports
  • Industrial Facilities
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • Textron, Inc.
  • Deere & Company
  • Yamaha Motor Co., Ltd.
  • The Toro Company
  • KUBOTA Corporation
  • Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)
  • Waev, Inc.
  • Club Car, LLC
  • American LandMaster
  • Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd.
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
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  • Assured post sales research support with 10% customization free


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Low-Speed Vehicle Market, by Category Type
1.4.2 Europe Low-Speed Vehicle Market, by Vehicle Type
1.4.3 Europe Low-Speed Vehicle Market, by Power Output
1.4.4 Europe Low-Speed Vehicle Market, by Propulsion
1.4.5 Europe Low-Speed Vehicle Market, by Battery Type
1.4.6 Europe Low-Speed Vehicle Market, by Voltage Type
1.4.7 Europe Low-Speed Vehicle Market, by Application
1.4.8 Europe Low-Speed Vehicle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2022
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Jan – 2023, Jun) Leading Players
Chapter 4. Europe Low-Speed Vehicle Market by Category Type
4.1 Europe L7 Market by Country
4.2 Europe L6 Market by Country
Chapter 5. Europe Low-Speed Vehicle Market by Vehicle Type
5.1 Europe Commercial Turf Utility Vehicle Market by Country
5.2 Europe Golf Cart Market by Country
5.3 Europe Industrial Utility Vehicle Market by Country
5.4 Europe Personal Mobility Vehicle Market by Country
Chapter 6. Europe Low-Speed Vehicle Market by Power Output
6.1 Europe <8KW Market by Country
6.2 Europe 8-15KW Market by Country
6.3 Europe >15KW Market by Country
Chapter 7. Europe Low-Speed Vehicle Market by Propulsion
7.1 Europe Electric Market by Country
7.2 Europe Diesel Market by Country
7.3 Europe Gasoline Market by Country
Chapter 8. Europe Low-Speed Vehicle Market by Battery Type
8.1 Europe Li-Ion Market by Country
8.2 Europe Lead Acid Market by Country
Chapter 9. Europe Low-Speed Vehicle Market by Voltage Type
9.1 Europe <60 V Market by Country
9.2 Europe >60 V Market by Country
Chapter 10. Europe Low-Speed Vehicle Market by Application
10.1 Europe Golf Courses Market by Country
10.2 Europe Hotels & Resorts Market by Country
10.3 Europe Airports Market by Country
10.4 Europe Industrial Facilities Market by Country
10.5 Europe Others Market by Country
Chapter 11. Europe Low-Speed Vehicle Market by Country
11.1 Germany Low-Speed Vehicle Market
11.1.1 Germany Low-Speed Vehicle Market by Category Type
11.1.2 Germany Low-Speed Vehicle Market by Vehicle Type
11.1.3 Germany Low-Speed Vehicle Market by Power Output
11.1.4 Germany Low-Speed Vehicle Market by Propulsion
11.1.5 Germany Low-Speed Vehicle Market by Battery Type
11.1.6 Germany Low-Speed Vehicle Market by Voltage Type
11.1.7 Germany Low-Speed Vehicle Market by Application
11.2 UK Low-Speed Vehicle Market
11.2.1 UK Low-Speed Vehicle Market by Category Type
11.2.2 UK Low-Speed Vehicle Market by Vehicle Type
11.2.3 UK Low-Speed Vehicle Market by Power Output
11.2.4 UK Low-Speed Vehicle Market by Propulsion
11.2.5 UK Low-Speed Vehicle Market by Battery Type
11.2.6 UK Low-Speed Vehicle Market by Voltage Type
11.2.7 UK Low-Speed Vehicle Market by Application
11.3 France Low-Speed Vehicle Market
11.3.1 France Low-Speed Vehicle Market by Category Type
11.3.2 France Low-Speed Vehicle Market by Vehicle Type
11.3.3 France Low-Speed Vehicle Market by Power Output
11.3.4 France Low-Speed Vehicle Market by Propulsion
11.3.5 France Low-Speed Vehicle Market by Battery Type
11.3.6 France Low-Speed Vehicle Market by Voltage Type
11.3.7 France Low-Speed Vehicle Market by Application
11.4 Russia Low-Speed Vehicle Market
11.4.1 Russia Low-Speed Vehicle Market by Category Type
11.4.2 Russia Low-Speed Vehicle Market by Vehicle Type
11.4.3 Russia Low-Speed Vehicle Market by Power Output
11.4.4 Russia Low-Speed Vehicle Market by Propulsion
11.4.5 Russia Low-Speed Vehicle Market by Battery Type
11.4.6 Russia Low-Speed Vehicle Market by Voltage Type
11.4.7 Russia Low-Speed Vehicle Market by Application
11.5 Spain Low-Speed Vehicle Market
11.5.1 Spain Low-Speed Vehicle Market by Category Type
11.5.2 Spain Low-Speed Vehicle Market by Vehicle Type
11.5.3 Spain Low-Speed Vehicle Market by Power Output
11.5.4 Spain Low-Speed Vehicle Market by Propulsion
11.5.5 Spain Low-Speed Vehicle Market by Battery Type
11.5.6 Spain Low-Speed Vehicle Market by Voltage Type
11.5.7 Spain Low-Speed Vehicle Market by Application
11.6 Italy Low-Speed Vehicle Market
11.6.1 Italy Low-Speed Vehicle Market by Category Type
11.6.2 Italy Low-Speed Vehicle Market by Vehicle Type
11.6.3 Italy Low-Speed Vehicle Market by Power Output
11.6.4 Italy Low-Speed Vehicle Market by Propulsion
11.6.5 Italy Low-Speed Vehicle Market by Battery Type
11.6.6 Italy Low-Speed Vehicle Market by Voltage Type
11.6.7 Italy Low-Speed Vehicle Market by Application
11.7 Rest of Europe Low-Speed Vehicle Market
11.7.1 Rest of Europe Low-Speed Vehicle Market by Category Type
11.7.2 Rest of Europe Low-Speed Vehicle Market by Vehicle Type
11.7.3 Rest of Europe Low-Speed Vehicle Market by Power Output
11.7.4 Rest of Europe Low-Speed Vehicle Market by Propulsion
11.7.5 Rest of Europe Low-Speed Vehicle Market by Battery Type
11.7.6 Rest of Europe Low-Speed Vehicle Market by Voltage Type
11.7.7 Rest of Europe Low-Speed Vehicle Market by Application
Chapter 12. Company Profiles
12.1 Textron, Inc.
12.1.1 Company Overview
12.1.2 Financial Analysis
12.1.3 Segmental and Regional Analysis
12.1.4 Research & Development Expenses
12.1.5 Recent strategies and developments:
12.1.5.1 Product Launches and Product Expansions:
12.2 Deere & Company
12.2.1 Company Overview
12.2.2 Financial Analysis
12.2.3 Segmental and Regional Analysis
12.2.4 Research & Development Expenses
12.2.5 Recent strategies and developments:
12.2.5.1 Product Launches and Product Expansions:
12.2.5.2 Acquisition and Mergers:
12.3 Yamaha Motor Co., Ltd.
12.3.1 Company Overview
12.3.2 Financial Analysis
12.3.3 Segmental and Regional Analysis
12.3.4 Research & Development Expense
12.3.5 Recent strategies and developments:
12.3.5.1 Product Launches and Product Expansions:
12.4 The Toro Company
12.4.1 Company Overview
12.4.2 Financial Analysis
12.4.3 Segmental and Regional Analysis
12.4.4 Product Development Expenses
12.4.5 Recent strategies and developments:
12.4.5.1 Product Launches and Product Expansions:
12.4.5.2 Acquisition and Mergers:
12.5 KUBOTA Corporation
12.5.1 Company Overview
12.5.2 Financial Analysis
12.5.3 Segmental and Regional Analysis
12.5.4 Research & Development Expenses
12.5.5 Recent strategies and developments:
12.5.5.1 Product Launches and Product Expansions:
12.6 Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)
12.6.1 Company Overview
12.6.2 Financial Analysis
12.6.3 Segmental and Regional Analysis
12.6.4 Recent strategies and developments:
12.6.4.1 Partnerships, Collaborations, and Agreements:
12.7 Waev, Inc.
12.7.1 Company Overview
12.7.2 Recent strategies and developments:
12.7.2.1 Acquisition and Mergers:
12.8 Club Car, LLC
12.8.1 Company overview
12.8.2 Recent strategies and developments:
12.8.2.1 Product Launches and Product Expansions:
12.8.2.2 Acquisition and Mergers:
12.9 American LandMaster
12.9.1 Company Overview
12.9.2 Recent strategies and developments:
12.9.2.1 Product Launches and Product Expansions:
12.10. Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd.
12.10.1 Company Overview

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