Global Low Speed Vehicle market By Emerging Regions

south america accounted for the larger market share in 2018 in the rest of the world low speed vehicle market, and is expected to reach usd 752.30 million in 2023 from usd 614.10 million in 2018.this market is projected to grow at a cagr of 4.19% during the forecast period from 2019 - 2023. golf cart segment accounted for the largest market share in 2018, this market is expected to reach usd 593.50 million in 2023 from usd 481.50 million in 2018. this market is projected to grow at a cagr of 4.32% 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 4.32% during the forecast period 2019 - 2023. electric segment accounted for the largest market share in 2018, this market is expected to reach usd 613.60 million in 2023 from usd 493.50 million in 2018. this market is projected to grow at a cagr of 4.50% 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 514.90 million in 2023 from usd 425.10 million in 2018. this market is projected to grow at a cagr of 3.96% 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 4.86% during the forecast period 2019 - 2023.