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Share this article Share this article ResearchAndMarkets.com s offering. Global Low Speed Vehicle Market to Reach US$12.5 Billion by the Year 2027 Amid the COVID-19 crisis, the global market for Low Speed Vehicle estimated at US$9.1 Billion in the year 2020, is projected to reach a revised size of US$12.5 Billion by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027. Less Than 8 kW, one of the segments analyzed in the report, is projected to grow at a 4.4% CAGR to reach US$3.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 8 kW-15 kW segment is readjusted to a revised 4.6% CAGR for the next 7-year period. This segment currently accounts for a 44% share of the global Low Speed Vehicle market.

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