Low-Speed Vehicle Market is Valued at $16.3 billion by 2030
The low-speed vehicle market is projected to grow from USD 11.1 billion in 2024 to USD 16.3 billion by 2030, at a CAGR of 6.6%. This market’s growth can be attributed to the rising inclination of the geriatric population towards safer, more comfortable, and more effortless mobility, the growing popularity of golf, and adequate charging infrastructure.
In 2023, Electric low-speed vehicles...
Low-Speed Vehicle Market Surges: $15.0 Billion Industry by 2028
The low-speed vehicle market is projected to grow from USD 10.4 billion in 2023 to USD 15.0 billion by 2028, at a CAGR of 7.4%. The growth of this market can be attributed to the rising geriatric population, growing popularity of golf, and the growing electric vehicle charging infrastructure.
According to primary and secondary analysis, North America is the largest low-speed vehicle market while...
Low-Speed Vehicle Market Set to Reach $15 Billion by 2028
The low-speed vehicle market is projected to grow from USD 10.4 billion in 2023 to USD 15.0 billion by 2028, at a CAGR of 7.4%. The growth of this market can be attributed to the rising geriatric population, growing popularity for golf, and growing electric vehicle charging infrastructure.
According to primary and secondary analysis, North America is the largest low speed vehicle market while...
Low-Speed Vehicle Market Projected to reach $14.4 billion by 2027
The report “Low-Speed Vehicle Market by Type (Commercial Turf & Industrial Utility Vehicle, Golf Cart, and Personal Mobility Vehicle), Power Output (<8 kW, 8-15 kW, and >15 kW), Propulsion (Diesel, Electric, and Gasoline), Application and Region – Forecast to 2027” The low-speed vehicle market is projected to grow from USD 8.9 billion in 2021 to USD 14.4 billion by 2027,...
Low-Speed Vehicle Market Projected to reach $6.3 billion by 2025
The global Low-Speed Vehicle Market is projected to grow at a CAGR of 8.6% to reach a market size of USD 6.3 billion by 2025 from 4.2 billion in 2020. The rising trend of using LSVs in gated communities, hotels, and resorts, industrial facilities, golf courses & college campuses and changing face of the transportation industry to drive the low-speed vehicles market is projected to fuel the...
Low-Speed Vehicle Market Size, Growth, Demand, Opportunities & Forecast To 2025
The global Low-Speed Vehicle Market is projected to grow at a CAGR of 8.6% to reach a market size of USD 6.3 billion by 2025 from 4.2 billion in 2020. The rising trend of using LSVs in gated communities, hotels, and resorts, industrial facilities, golf courses & college campuses and changing face of the transportation industry to drive the low-speed vehicles market is projected to fuel the...
How will the low-speed vehicle market shape up in the future?
The global Low-Speed Vehicle Market is projected to grow at a CAGR of 8.6% to reach a market size of USD 6.3 billion by 2025 from 4.2 billion in 2020The rising trend of using LSVs in gated communities, hotels, and resorts, industrial facilities, golf courses & college campuses and changing face of the transportation industry to drive the low-speed vehicles market is projected to fuel the demand...