{"id":9970,"date":"2020-07-31T15:51:33","date_gmt":"2020-07-31T15:51:33","guid":{"rendered":"https:\/\/smallvehicleresource.com\/blog\/?p=9970"},"modified":"2020-07-31T15:57:00","modified_gmt":"2020-07-31T15:57:00","slug":"2020-small-task-oriented-vehicle-study","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2020\/07\/31\/2020-small-task-oriented-vehicle-study\/","title":{"rendered":"2020 Small Task-Oriented Vehicle Study"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"820\" height=\"505\" src=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/onward-4-passenger-lifted.png\" alt=\"Club Car Onward 4-passenger lifted PTV\" class=\"wp-image-9974\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/onward-4-passenger-lifted.png 820w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/onward-4-passenger-lifted-300x185.png 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/onward-4-passenger-lifted-768x473.png 768w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/onward-4-passenger-lifted-487x300.png 487w\" sizes=\"(max-width: 820px) 100vw, 820px\" \/><figcaption>Club Car Onward 4-passenger lifted PTV<\/figcaption><\/figure>\n\n\n\n<p>In a new market study on the small task-oriented vehicle (STOV) market in the US and Canada, Small Vehicle Resource (SVR), LLC describes an industry in midstream transition as:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Climate policies, COVID-19 effects and new technologies usher in the urban\/suburban mobility market and underpin an expanding consumer market for personal transportation vehicles (PTVs), as well as commercial markets for light duty utility vehicles;<\/li><li>The transition from lead acid to lithium batteries continues, raising performance and transforming vehicle longevity and recycling value.<\/li><li>The maturing off-road utility and recreational UTV market remains fundamentally strong and highly competitive, and is poised to follow the automobile and golf-car type vehicle markets into electrification;<\/li><\/ul>\n\n\n\n<p>The study provides a strategic analysis of the rise of urban\/suburban mobility market driven in the context of the STOV industry. Steve Metzger, SVR Managing Director, states that, ???<em>The intersection of climate policy, new technologies and COVID-19 effects will lead to a ???dispersed living lifestyle???, and provide new opportunities in the urban\/suburban mobility market<\/em>.???&nbsp;&nbsp;He further remarks, ???<em>The STOV industry, particularly the Big Three golf manufacturers with a foothold in gated communities, have the core competencies to transition from golf-centric to urban\/suburban centric. The question is will they<\/em>????&nbsp;<\/p>\n\n\n\n<p>Marc Cesare, SVR Managing Director, adds that,&nbsp;<em>???While the UTV manufacturers will see solid growth in their market, some are capable of pursuing the urban\/suburban mobility market as well. However, their DNA, profit centers and distribution channels are primarily off-road and powersports. Culturally, the pursuit of the urban\/suburban mobility opportunity may be a difficult paradigm shift.???<\/em><\/p>\n\n\n\n<p>The study, the tenth in the series since 2000, covers market trends from 2016 and develops projections to 2025. The key segments are golf fleet, personal transportation vehicles, light-duty utility vehicles, and off-road utility and recreation vehicles. In total, these segments are forecasted to reach close to 1,200,000 new vehicles in 2025. Electric powered vehicles continue to make inroads. Approximately a third of the market is electric powered, primarily in the form of fleet golf cars, PTVs, as well as light duty utility vehicles, of which approximately 80% will be electric by 2025. Key trends and projections for the market include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Demand for electric powered STOV vehicles will increase to over 450,000 vehicles in 2025.<\/li><li>Golf course fleet demand will decline slightly during the trend period but will remain overwhelmingly electric powered, around 80%.<\/li><li>Demand for PTVs will be strong.<\/li><li>Lithium battery powered vehicles will continue to make inroads as more models become available with this option.<\/li><\/ul>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The study is entitled,&nbsp;<em>Trends and Outlook for Small, Task-Oriented Vehicles-2016-2025- An Analysis of the Emerging Urban\/Suburban Mobility Market.<\/em>&nbsp;&nbsp;For additional, detailed information see the <a href=\"https:\/\/smallvehicleresource.com\/blog\/2020-small-task-oriented-vehicles-study\/\">study brochure<\/a> with table of contents or contact:<\/p>\n\n\n\n<p>Steve Metzger  <a href=\"mailto:smetzger@smallvehicleresource.com\">smetzger@smallvehicleresource.com<\/a><\/p>\n\n\n\n<p>(914) 293-7577<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a new market study on the small task-oriented vehicle (STOV) market in the US and Canada, Small Vehicle Resource (SVR), LLC describes an industry in midstream transition as: Climate policies, COVID-19 effects and new technologies usher in the urban\/suburban &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2020\/07\/31\/2020-small-task-oriented-vehicle-study\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,5,8,9,2397,2396,14,18,19,997,21,23,1829,26,27],"tags":[],"class_list":["post-9970","post","type-post","status-publish","format-standard","hentry","category-batteries","category-electric-vehicles","category-globalization","category-golf-car","category-low-speed-vehicle","category-lsv","category-market-trends","category-nev","category-new-vehicle","category-polaris","category-regulation-policy","category-sales-figures","category-side-by-side-2","category-technology","category-utility-vehicles"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/9970"}],"collection":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/comments?post=9970"}],"version-history":[{"count":2,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/9970\/revisions"}],"predecessor-version":[{"id":9975,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/9970\/revisions\/9975"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=9970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=9970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=9970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}