North America Low Speed Electric Vehicle (LSEV) Market 2020-2030

North America low speed electric vehicle market is expected to grow by 13.9% annually in the forecast period and reach $2,111.7 million by 2030

North America low speed electric vehicle market is expected to grow by 13.9% annually in the forecast period and reach $2,111.7 million by 2030 owing to stringent environmental regulations, improvement in electric vehicle R&D, advanced battery technology, and government subsidies. Highlighted with 25 tables and 53 figures, this 114-page report “North America Low Speed Electric Vehicle (LSEV) Market 2020-2030 by Product (Two-wheelers, Three-wheelers, Four-wheelers), Voltage, Battery, Vehicle Type, End User, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America 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 North America 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 North America low speed electric vehicle market in every aspect of the classification from perspectives of Product, Voltage, Battery, Vehicle Type, End User, and Country. Based on Product, the North America 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

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Based on Voltage, the North America 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 North America 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 North America 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

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Arun Kalwani

Arun Kalwani

Research Analyst

Based on End User, the North America 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 national/local markets are fully investigated: • U.S. • Canada • Mexico For each key country, detailed analysis and data for annual revenue are available for 2020-2030. The breakdown of key national markets by Voltage, Battery, and Vehicle Type over the forecast years is 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 North America 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 Accell Group N.V. Bintelli Electric Vehicles Deere & Company HDK Electric Vehicles Ingersoll Rand, Inc. Moto Electric Vehicles Pedego Electric Bikes Polaris Industries Razer LLC Sonders Textron Inc. Zero Motorcycle Inc. (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.)

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Arun Kalwani

Table of Contents

  • 1 Introduction 7
  • 1.1 Industry Definition and Research Scope 7
  • 1.1.1 Industry Definition 7
  • 1.1.2 Research Scope 8
  • 1.2 Research Methodology 11
  • 1.2.1 Overview of Market Research Methodology 11
  • 1.2.2 Market Assumption 12
  • 1.2.3 Secondary Data 12
  • 1.2.4 Primary Data 12
  • 1.2.5 Data Filtration and Model Design 14
  • 1.2.6 Market Size/Share Estimation 15
  • 1.2.7 Research Limitations 16
  • 1.3 Executive Summary 17
  • 2 Market Overview and Dynamics 20
  • 2.1 Market Size and Forecast 20
  • 2.1.1 Impact of COVID-19 on World Economy 22
  • 2.1.2 Impact of COVID-19 on the Market 25
  • 2.2 Major Growth Drivers 27
  • 2.3 Market Restraints and Challenges 30
  • 2.4 Emerging Opportunities and Market Trends 33
  • 2.5 Porter’s Fiver Forces Analysis 37
  • 3 Segmentation of North America Market by Product 42
  • 3.1 Market Overview by Product 42
  • 3.2 Two-wheelers 44
  • 3.2.1 E-Bikes 46
  • 3.2.2 E-Scooters 47
  • 3.2.3 Motorcycles 48
  • 3.2.4 Kick Scooters 49
  • 3.2.5 Other Two-wheelers 50
  • 3.3 Three-wheelers 51
  • 3.4 Four-wheelers 52
  • 4 Segmentation of North America Market by Voltage 53
  • 4.1 Market Overview by Voltage 53
  • 4.2 24V 55
  • 4.3 36V 56
  • 4.4 48V 57
  • 4.5 60V 58
  • 4.6 72V 59
  • 5 Segmentation of North America Market by Battery 60
  • 5.1 Market Overview by Battery 60
  • 5.2 Lithium-Ion Battery LSEV 62
  • 5.3 Lead-Acid Battery LSEV 63
  • 5.4 Other Battery LSEV 64
  • 6 Segmentation of North America Market by Vehicle Type 65
  • 6.1 Market Overview by Vehicle Type 65
  • 6.2 Passenger LSEV 67
  • 6.3 Heavy-duty LSEV 68
  • 6.4 Utility LSEV 69
  • 6.5 Off-road LSEV 70
  • 7 Segmentation of North America Market by End User 71
  • 7.1 Market Overview by End User 71
  • 7.2 Golf Courses 73
  • 7.3 Tourist Destinations 74
  • 7.4 Hotels & Resorts 75
  • 7.5 Transport Terminals 76
  • 7.6 Residential & Commercial Premises 77
  • 7.7 Other End Users 78
  • 8 North America Market 2020-2030 by Country 79
  • 8.1 Overview of North America Market 79
  • 8.2 U.S. 82
  • 8.3 Canada 86
  • 8.4 Mexico 88
  • 9 Competitive Landscape 90
  • 9.1 Overview of Key Vendors 90
  • 9.2 New Product Launch, Partnership, Investment, and M&A 93
  • 9.3 Company Profiles 94
  • AGT Electric Cars 94
  • Accell Group N.V. 96
  • Bintelli Electric Vehicles 97
  • Deere & Company 98
  • HDK Electric Vehicles 99
  • Ingersoll Rand, Inc. 100
  • Moto Electric Vehicles 101
  • Pedego Electric Bikes 102
  • Polaris Industries 103
  • Razer LLC 104
  • Sonders 105
  • Textron Inc. 106
  • Zero Motorcycle Inc. 107
  • 10 Investing in North America Market: Risk Assessment and Management 108
  • 10.1 Risk Evaluation of North America Market 108
  • 10.2 Critical Success Factors (CSFs) 111
  • Related Reports and Products 114

Table 1. Snapshot of North America Low Speed Electric Vehicle Market in Balanced Perspective, 2020-2030 18
Table 2. Growth Rate of World Real GDP, 2017-2021 23
Table 3. Main Product Trends and Market Opportunities in North America Low Speed Electric Vehicle Market 33
Table 4. North America Low Speed Electric Vehicle Market by Product, 2020-2030, $ mn 42
Table 5. North America Low Speed Electric Vehicle Market: Two-wheelers by Type, 2020-2030, $ mn 45
Table 6. North America Low Speed Electric Vehicle Market by Voltage, 2020-2030, $ mn 53
Table 7. North America Low Speed Electric Vehicle Market by Battery, 2020-2030, $ mn 60
Table 8. North America Low Speed Electric Vehicle Market by Vehicle Type, 2020-2030, $ mn 65
Table 9. North America Low Speed Electric Vehicle Market by End User, 2020-2030, $ mn 71
Table 10. North America Low Speed Electric Vehicle Market by Country, 2020-2030, $ mn 80
Table 11. U.S. Low Speed Electric Vehicle Market by Voltage, 2020-2030, $ mn 84
Table 12. U.S. Low Speed Electric Vehicle Market by Battery, 2020-2030, $ mn 84
Table 13. U.S. Low Speed Electric Vehicle Market by Vehicle Type, 2020-2030, $ mn 84
Table 14. Canada Low Speed Electric Vehicle Market by Voltage, 2020-2030, $ mn 87
Table 15. Canada Low Speed Electric Vehicle Market by Battery, 2020-2030, $ mn 87
Table 16. Canada Low Speed Electric Vehicle Market by Vehicle Type, 2020-2030, $ mn 87
Table 17. Mexico Low Speed Electric Vehicle Market by Voltage, 2020-2030, $ mn 89
Table 18. Mexico Low Speed Electric Vehicle Market by Battery, 2020-2030, $ mn 89
Table 19. Mexico Low Speed Electric Vehicle Market by Vehicle Type, 2020-2030, $ mn 89
Table 20. AGT Electric Cars: Company Snapshot 94
Table 21. AGT Electric Cars: Business Segmentation 94
Table 22. AGT Electric Cars: Product Portfolio 95
Table 23. AGT Electric Cars: Revenue, 2017-2019, $ mn 95
Table 24. Risk Evaluation for Investing in North America Market, 2020-2030 109
Table 25. Critical Success Factors and Key Takeaways 112

Figure 1. Research Method Flow Chart 11
Figure 2. Breakdown of Primary Research 13
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 4. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2030 17
Figure 5. North America Low Speed Electric Vehicle Market, 2020-2030, $ mn 20
Figure 6. North America Low Speed Electric Vehicle Market, 2020-2030, thousand units 21
Figure 7. Impact of COVID-19 on Business 25
Figure 8. Primary Drivers and Impact Factors of North America Low Speed Electric Vehicle Market 27
Figure 9. Primary Restraints and Impact Factors of North America Low Speed Electric Vehicle Market 30
Figure 10. Investment Opportunity Analysis 34
Figure 11. Porter’s Fiver Forces Analysis of North America Low Speed Electric Vehicle Market 37
Figure 12. Breakdown of North America Low Speed Electric Vehicle Market by Product, 2020-2030, % of Revenue 43
Figure 13. North America Addressable Market Cap in 2021-2030 by Product, Value ($ mn) and Share (%) 43
Figure 14. North America Low Speed Electric Vehicle Market: Two-wheelers, 2020-2030, $ mn 44
Figure 15. North America Low Speed Electric Vehicle Market: E-Bikes, 2020-2030, $ mn 46
Figure 16. North America Low Speed Electric Vehicle Market: E-Scooters, 2020-2030, $ mn 47
Figure 17. North America Low Speed Electric Vehicle Market: Motorcycles, 2020-2030, $ mn 48
Figure 18. North America Low Speed Electric Vehicle Market: Kick Scooters, 2020-2030, $ mn 49
Figure 19. North America Low Speed Electric Vehicle Market: Other Two-wheelers, 2020-2030, $ mn 50
Figure 20. North America Low Speed Electric Vehicle Market: Three-wheelers, 2020-2030, $ mn 51
Figure 21. North America Low Speed Electric Vehicle Market: Four-wheelers, 2020-2030, $ mn 52
Figure 22. Breakdown of North America Low Speed Electric Vehicle Market by Voltage, 2020-2030, % of Sales Revenue 54
Figure 23. North America Addressable Market Cap in 2021-2030 by Voltage, Value ($ mn) and Share (%) 54
Figure 24. North America Low Speed Electric Vehicle Market: 24V, 2020-2030, $ mn 55
Figure 25. North America Low Speed Electric Vehicle Market: 36V, 2020-2030, $ mn 56
Figure 26. North America Low Speed Electric Vehicle Market: 48V, 2020-2030, $ mn 57
Figure 27. North America Low Speed Electric Vehicle Market: 60V, 2020-2030, $ mn 58
Figure 28. North America Low Speed Electric Vehicle Market: 72V, 2020-2030, $ mn 59
Figure 29. Breakdown of North America Low Speed Electric Vehicle Market by Battery, 2020-2030, % of Sales Revenue 61
Figure 30. North America Addressable Market Cap in 2021-2030 by Battery, Value ($ mn) and Share (%) 61
Figure 31. North America Low Speed Electric Vehicle Market: Lithium-Ion Battery LSEV, 2020-2030, $ mn 62
Figure 32. North America Low Speed Electric Vehicle Market: Lead-Acid Battery LSEV, 2020-2030, $ mn 63
Figure 33. North America Low Speed Electric Vehicle Market: Other Battery LSEV, 2020-2030, $ mn 64
Figure 34. Breakdown of North America Low Speed Electric Vehicle Market by Vehicle Type, 2020-2030, % of Revenue 66
Figure 35. North America Addressable Market Cap in 2021-2030 by Vehicle Type, Value ($ mn) and Share (%) 66
Figure 36. North America Low Speed Electric Vehicle Market: Passenger LSEV, 2020-2030, $ mn 67
Figure 37. North America Low Speed Electric Vehicle Market: Heavy-duty LSEV, 2020-2030, $ mn 68
Figure 38. North America Low Speed Electric Vehicle Market: Utility LSEV, 2020-2030, $ mn 69
Figure 39. North America Low Speed Electric Vehicle Market: Off-road LSEV, 2020-2030, $ mn 70
Figure 40. Breakdown of North America Low Speed Electric Vehicle Market by End User, 2020-2030, % of Revenue 72
Figure 41. North America Addressable Market Cap in 2021-2030 by End User, Value ($ mn) and Share (%) 72
Figure 42. North America Low Speed Electric Vehicle Market: Golf Courses, 2020-2030, $ mn 73
Figure 43. North America Low Speed Electric Vehicle Market: Tourist Destinations, 2020-2030, $ mn 74
Figure 44. North America Low Speed Electric Vehicle Market: Hotels & Resorts, 2020-2030, $ mn 75
Figure 45. North America Low Speed Electric Vehicle Market: Transport Terminals, 2020-2030, $ mn 76
Figure 46. North America Low Speed Electric Vehicle Market: Residential & Commercial Premises, 2020-2030, $ mn 77
Figure 47. North America Low Speed Electric Vehicle Market: Other End Users, 2020-2030, $ mn 78
Figure 48. Breakdown of North America Low Speed Electric Vehicle Market by Country, 2020 and 2030, % of Revenue 80
Figure 49. Contribution to North America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 81
Figure 50. U.S. Low Speed Electric Vehicle Market, 2020-2030, $ mn 83
Figure 51. Canada Low Speed Electric Vehicle Market, 2020-2030, $ mn 86
Figure 52. Low Speed Electric Vehicle Market in Mexico, 2015-2030, $ mn 88
Figure 53. Growth Stage of North America Low Speed Electric Vehicle Industry over the Forecast Period 90

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North America Low Speed Electric Vehicle (LSEV) Market 2020-2030

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