LONDON-(BUSINESS WIRE)-Jan 9, 2019- analysts forecast the global low-speed electric vehicle market to grow at a CAGR of nearly 33% during the forecast period, according to their latest market research report. Technavio has published a new market research report on the global low-speed electric vehicle market from 2019-2023. Global low-speed electric vehicle market: Adoption of 3D printing technology for vehicle customization and faster LSEV roll-out. According to a senior research analyst at Technavio, “China is the leading adopter of LSEVs globally and the increasing demand for LSEVs in the country is pushing vehicle manufacturers to adopt advanced technologies to support the launch of new models. For instance, 3D printing technology has been gaining prominence in the market as it will reduce research and development time and provide customized options to the customers.” The global low speed electric vehicle market research report provides market segmentation by product and by region. The passenger vehicles segment held the largest low speed electric vehicle market share in 2018, accounting for nearly 98% of the market. Market ecosystem Market characteristics Market segmentation analysis.

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