Global Low Speed Vehicles Market Research Report Forecast (2023-2028)

1. Low Speed Vehicles Market 2023-2028 sales@marknteladvisors.com Swipe +1 628 895 8081, +91 120 4278433 www.marknteladvisors.com

2. Market Insights The Global Low Speed Vehicles Market size was reached at USD 8.5 billion in 2022 and is projected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2023-28. Most of the market expansion ascribes to the increasing usage of LSVs in towns & cities for short-distance journeys. Eco-friendly vehicles have gained recognition in recent years, especially for short commutes as they not only reduce carbon emissions but also offer efficient transportation. As a result, the growing adoption of low speed vehicles in numerous applications, such as airports, resorts, hospitals, and residential areas is anticipated to drive the market. Swipe

3. Market Opportunity The Revival of Golf and Its Massive Popularity Worldwide Over the past few years, golf has witnessed immense popularity backed by modernization, the pandemic, and its appeal to diverse demographics. With over 119 million people engaged in golf-related activities, the sport has experienced a revitalization, Says National Golf Foundation. The United States alone saw a 12% increase in participation, with 3.4 million junior players, the highest level since 2006. Women comprise 25% of on-course golfers and demonstrate higher representation in beginner and junior categories. Swipe

4. Market Segmentation By Application (Golf Courses, Hotel & Resorts, Airports, Industrial Facilities, Other) By Vehicle Type (Golf Carts, Commercial Turf Utility Vehicles, Industrial Utility Vehicles, Personal Mobility Vehicles) By Engine Type (ICE, Electric) By Regions (North America, South America, Europe, Asia-Pacific, Middle East & Africa) Swipe

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