Quadricycle Market Set to reach $35.6 billion by 2032
The quadricycle market size is estimated to grow from USD 19.1 billion in 2022 to reach USD 35.6 billion by 2032, at a CAGR of 6.4% over the forecast period.
The rising traffic congestion, increasing geriatric population, demand for safer mode of commute have attributed to the growth in demand for quadricycles. Also, stringency in emission norms and demand for enhanced fuel economy is projected...
Quadricycle Market Outlook: Emerging Trends and Forecast to 2032
The quadricycle market is estimated to grow from USD 19.1 billion in 2022 to USD 35.6 billion by 2032, at a CAGR of 6.4% over the same period. The growth of the quadricycle market can be attributed to the growing traffic congestion, the high demand for safer mobility solutions, the trend for ride-sharing services, the rising geriatric population, and the increased importance of last-mile delivery...