Golf Cart and NEV Market Research Report to 2025 – Industry Analysis and Demand Forecast

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Dec 25, 2020 (Heraldkeepers) — The golf cart and NEV market is segmented on the lines of its engines, types and regional. Under engines segmentation it covers gas powered engines and electric powered engines. The golf cart and NEV market is segmented on the lines of its type like golf carts and neighborhood electric vehicle (NEV). The golf cart and NEV marketis geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

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The golf cart and NEV market is expected to exceed more than US$ 3.0 billion by 2024 at a CAGR of 6.5% for the forecast period from 2018 to 2024.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Textron Inc., Ingersoll Rand Corp., Yamaha Golf Car Company, Dongfeng Electric Vehicles Co., Ltd, Dongyang Mechatronics Corp. and Bradshaw Electric Vehicles. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.

Electric vehicles work totally on electricity and it does not need other form of fuel for working. The increasing use of electric vehicles by customers will raise requirement for electric vehicles and electric powered golf worldwide. It having environment friendly and energy efficient factor which increase the increase the demand for electric vehicles. Compared to other vehicles electric vehicles require low maintenance cost and are eco friendly. Electric vehicles are used in many applications such as parks, hotels, security patrols, small distance travels and commercial campuses. It having smoother performance and used for short distance travelling with low speed limit.

The major driving factors of golf cart and NEV market are as follows:

Growing switching charge from gas powered golf carts into electric golf carts
Increasing requirement for electric vehicles globally
Ecological policies in different countries and states

The restraining factors of golf cart and NEV market are as follows:

Reduced the speed of golf industry
Need infrastructure

The Golf cart and NEVMarket has been segmented as below:

By Engine Segment Type
Gas powered engines

Electric-powered engines

By Type

Golf Carts

Neighborhood electric vehicle (NEV)

By Regional Analysis

North America
Rest of the World

This report provides:

1) An overview of the global market for golf cart and NEV and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for golf cart and NEV
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

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Table of Contents


Chapter 2 Executive Summary

Chapter 3 Market overview

Chapter 4 Global Golf Cart Market Analysis, by Engine

Chapter 5 Global Golf Cart and NEV Market Analysis, by Type

Chapter 6 Global Golf Cart and NEV Market Analysis and Forecast, by Geography

Chapter 7 Company Profiles

7.1 Textron Inc.

7.2 Ingersoll Rand Crop

7.3 Yamaha Golf Car Company

7.4 Dongfeng Electric Vehicle Co Ltd

7.5 Polaris Industries Inc.

7.6 Dongyang Mechatronics Corp.

7.7 citEcar Electric Vehicle

7.8 E-Way Golf Cars

7.9 Bradshaw Electric Vehicles

7.10 Garia A.S

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The MarketWatch News Department was not involved in the creation of this content.