The global electric utility vehicle market is projected to grow from USD 18.9 billion in 2022 to USD 23.9 billion by 2027, registering a CAGR of 4.8%. Electric all-terrain vehicles (ATVs), utility task vehicles (UTVs), utility carts, shuttle carts, and.
The demand from satellite end users and manufacturers is high compared to the supply of manufactured launch vehicles. The supply-demand gap is anticipated to increase the number of new entrants in the global medium and heavy-lift launch vehicle market. BIS.
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