North America Low Speed Vehicle Market Forecast (2016-2023)

Year UNITED STATES CANADA MEXICO
3165.3 $ 2670.0 $ 290.9 $ 204.5
3314.4 $ 2799.0 $ 302.9 $ 212.5
3473.8 $ 2937.1 $ 315.8 $ 220.9
3644.3 $ 3084.9 $ 329.4 $ 230.0
3826.8 $ 3243.2 $ 344.0 $ 239.6
4022.3 $ 3413.0 $ 359.6 $ 249.8
4231.9 $ 3595.0 $ 376.2 $ 260.7
4456.5 $ 3790.3 $ 394.0 $ 272.3
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North America Low Speed Vehicle Market Forecast (2016-2023)

Synopsis
The above chart is Global Low Speed Vehicle market [2016-2023] by North America

Market Dynamics

United states accounted for the largest market share in 2018 in the north america low speed vehicle market, and is expected to reach usd 3790.30 million in 2023 from usd 2937.10 million in 2018.this market is projected to grow at a cagr of 5.28% during the forecast period from 2019 - 2023. 8–15 kw segment accounted for the largest market share in 2018, this market is expected to reach usd 2058.70 million in 2023 from usd 1605.20 million in 2018. this market is projected to grow at a cagr of 5.15% during the forecast period from 2019 - 2023. however, >15 kw segment is the fastest growing market, which is expected to grow at a cagr of 5.79% during the forecast period 2019 - 2023. golf cart segment accounted for the largest market share in 2018, this market is expected to reach usd 1874.90 million in 2023 from usd 1443.10 million in 2018. this market is projected to grow at a cagr of 5.42% during the forecast period from 2019 - 2023. however, golf cart segment is the fastest growing market, which is expected to grow at a cagr of 5.42% during the forecast period 2019 - 2023. electric segment accounted for the largest market share in 2018, this market is expected to reach usd 2510.60 million in 2023 from usd 1914.60 million in 2018. this market is projected to grow at a cagr of 5.62% during the forecast period from 2019 - 2023.

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