Low-speed vehicle Market 2021 | Size, Share, Top Manufacturers, Application, Future Scenario and Forecast by 2027
Low-speed Vehicle Industry Growth Overview: Low-speed vehicle market is garnering much attention from various sectors due to which it can expect a smooth run with 5% CAGR during the forecast period. Major Players: Players leading the global low-speed vehicle market include Textron (US), Polaris Industries Inc. (US), The Toro Company (US), Deere Company (US), Yamaha Golf-Car Company (US), Kubota Corporation (Japan), Taylor-Dunn Manufacturing Company (US), Tomberlin Automotive Grp. (US), Club Car LLC. (US), and American Landmaster (US), among others. Low-speed vehicles or neighborhood electric vehicles (NEV) are small in size, and its weight is far less than the regular ones. A special license is needed to drive these vehicles, and they cannot be operated on regular roadways. Resultantly, these vehicles find their usages in factories, stations, airports, and golf courses to transport packages and personnel. These vehicles are mostly