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The future of low speed electric vehicle market in Mexico looks promising with opportunities in the electric golf carts, personal utility vehicles, light speed off road, and low speed heavy duty vehicles. The major drivers for this market are stringent environmental regulations, improvement in electric vehicle R&D, advanced battery technology, and government subsidies.
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Emerging trends, which have a direct impact on the dynamics of the industry, include development of low cost lithium ion batteries, adoption of 3D printing technology for LSEV manufacturing, and increasing use of LSEVs as personal transportation vehicles in different countries.
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of LSEV market in Mexico report download the report brochure.
Low Speed Electric Vehicle Market in Mexico by Segment:
2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Low Speed Electric Vehicle Market
in Mexico: 2014-2025 (US $M) (Randomized Data)
The study includes the market size and forecast for the LSEV market in Mexico by product type, and voltage as follows:
LSEV Market by Voltage [$M shipment analysis from 2014 to 2025]:
LSEV Market by End Use Industry [$M shipment analysis from 2014 to 2025]:
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Personal Utility Vehicles
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Golf Carts
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Low Speed Heavy Duty
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Low Speed Off Road
Lucintel forecasts that 48 Volt powered LSEV will remain the largest segment as it provides optimal power to price ratio. Lucintel predicts that 72 Volt powered LSEV is expected to witness the highest growth over the forecast period due to rising demand for high performance LSEVs.
Within the LSEV market, golf cart will remain the largest application and it is also expected to witness the highest growth over the forecast period due to rise in the popularity of golf sports and development of new golf courses across the globe.
Some of the features of “Opportunities of LSEV Market in Mexico 2014-2025: Trends, Forecast and Competitive Analysis” include:
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Market size estimates: LSEV market size estimation in terms of value ($M) and volume (Thousand Units) shipment.
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Trend and forecast analysis: LSEV Market trend (2014-2019) and forecast (2020-2025) by product type, and voltage.
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Segmentation analysis: LSEV market size by voltage (24V, 36V, 48V, 60v, and 72V), product type (personal utility vehicles, golf carts, low speed heavy duty, and low speed off road) in terms of value.
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Growth opportunities: Analysis on growth opportunities in different product type, and voltage of LSEV in the LSEV market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 7 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the LSEV market in Mexico by voltage (24V, 36V, 48V, 60v, and 72V), product type (personal utility vehicles, golf carts, low speed heavy duty, and low speed off road)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting LSEV market dynamics? What are the drivers and challenges of the LSEV market?
Q.4 What are the business risks and threats to the LSEV market?
Q.5 What are the emerging trends in this LSEV market and the reasons behind them?
Q.6 What are some changing demands of customers in the LSEV market?
Q.7 What are the new developments in the LSEV market? Which companies are leading these developments?