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 golf cart and NEV market is expected to be around US$ 3.60 billion by 2027 at a CAGR of 6.4% for the forecast period from 2022 to 2027.
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 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 market is 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.
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 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
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.
REPORT SCOPE:
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.
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 Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Golf cart and NEV Market has been segmented as below:
By Engine Segment Analysis
Gas powered engines
Electric-powered engines
By Type Analysis
Golf Carts
Neighborhood electric vehicle (NEV)
By Regional Analysis
North America
Europe
Asia-Pacific
Rest of the Worl
Reasons to Buy this Report:
1) Obtain the most up to date information available on all golf cart and NEV market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of golf cart and NEV market data.
4) Assess your competitor’s refining portfolio and its evolution.
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Chapter 1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
Chapter 2 Executive Summary
Chapter 3 Market overview
3.1 Introduction
3.2 Global golf culture
3.3 Golf carts vs. NEV
3.4 Market dynamics
3.4.1 Market Drivers
3.4.1.1 Growing demand for electric vehicles worldwide
3.4.1.2 Increased switching rates from gas powered golf carts to electric golf carts
3.4.1.3 Environmental regulations in various countries/states
3.4.2 Market Restraints
3.4.2.1 Slow down of the golf industry
3.4.2.2 Lack of infrastructure
3.4.3 Market opportunities
3.4.3.1 The rejuvenation of the golf industry in North America
3.4.3.2 Technological Advancement
3.5 Value Chain Analysis
3.5.1 Raw material suppliers
3.5.2 Tier 2 suppliers
3.5.3 Tier 1 suppliers
3.5.4 Original Equipment Manufacturers (OEMs)
3.5.5 Dealers
3.5.6 End Users
3.6 Golf Cart and NEV Market – Porter’s Five Forces Analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat from substitute
3.6.4 Threat of new entrants
3.6.5 Competitive rivalry
3.7 Market share by key players
Chapter 4 Global Golf Cart Market Analysis, by Engine
4.1 Introduction
4.2 Gas powered engine
Gas-powered engine market size and forecast, 2022 – 2027 (USD million)
4.3 Electric-powered engine
Electric powered engine market size and forecast, 2022 – 2027 (USD million)
Chapter 5 Global Golf Cart and NEV Market Analysis, by Type
5.1 Introduction
Golf cart market size and forecast, 2022 – 2027 (USD million)
Golf cart purchase process and influencing factors
5.2 Neighborhood electric vehicle (NEV)
Neighbourhood electric vehicle (NEV) market size and forecast, 2022 – 2027 (USD million)
NEV purchase process and influencing factors
Chapter 6 Global Golf Cart and NEV Market Analysis and Forecast, by Geography
6.1 Introduction
6.2 North America
North America golf cart and NEV market size and forecast, 2022 – 2027 (USD million)
6.3 Europe
Europe golf cart and NEV market size and forecast, 2022 – 2027 (USD million)
6.4 Asia Pacific
Asia Pacific golf cart and NEV market size and forecast, 2019 – 2025 (USD million)
6.5 Rest of the World
Rest of the World golf cart and NEV market size and forecast, 2022 – 2027 (USD million)
Chapter 7 Company Profiles
7.1 Textron Inc.
7.1.1 Company overview
7.1.2 Financial overview
7.1.3 Business strategy
7.1.4 Recent developments
7.2 Ingersoll Rand Crop
7.2.1 Company overview
7.2.2 Financial overview
7.2.3 Business strategy
7.2.4 Recent developments
7.3 Yamaha Golf Car Company
7.3.1 Company overview
7.3.2 Financial overview
7.3.3 Business strategy
7.3.4 Recent developments
7.4 Dongfeng Electric Vehicle Co Ltd
7.4.1 Company overview
7.4.2 Financial overview
7.4.3 Business strategy
7.4.4 Recent developments
7.5 Polaris Industries Inc.
7.5.1 Company overview
7.5.2 Financial overview
7.5.3 Business strategy
7.5.4 Recent Developments
7.6 Dongyang Mechatronics Corp.
7.6.1 Company overview
7.6.2 Financial overview
7.6.3 Business strategies
7.6.4 Recent developments
7.7 citEcar Electric Vehicle
7.7.1 Company overview
7.7.2 Financial overview
7.7.3 Business strategies
7.7.4 Recent development
7.8 E-Way Golf Cars
7.8.1 Company overview
7.8.2 Financial overview
7.8.3 Business strategies
7.8.4 Recent developments
7.9 Bradshaw Electric Vehicles
7.9.1 Company overview
7.9.2 Financial overview
7.9.3 Business strategy
7.9.4 Recent developments
7.10 Garia A.S
7.10.1 Company overview
7.10.2 Financial overview
7.10.3 Business strategy
7.10.4 Recent developments
The Golf cart and NEV Market has been segmented as below:
By Engine Segment Analysis
Gas powered engines
Electric-powered engines
By Type Analysis
Golf Carts
Neighborhood electric vehicle (NEV)
By Regional Analysis
North America
Europe
Asia-Pacific
Rest of the World
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