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Asia Pacific low speed vehicle market as high awareness regarding nonconventional fuel-driven vehicles impacting to grow at a CAGR of 6% from 2020 to 2027. – KSU


in Asia Pacific was valued at US$ 4,306.7 million in 2019 and is projected to reach US$ 6,422.3 million by 2027; it is expected to grow at a CAGR of 5.2% from 2020 to 2027.
APAC comprises several major economies such as China, India, Japan, South Korea, and Australia. APAC is the largest continent in the world and is well-known for its technological innovations. Rapid developments pertaining to technologies, initiatives from governments, digitalization of economies, and rising disposable income of the middle-income class group are among the factors propelling the growth low speed vehicle market of the overall economy of the region from a developing to developed phase. ....

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