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...