Golf Cart and Neighborhood Electric Vehicle Trends and Forecast
The future of the global golf cart and neighborhood electric vehicle market looks promising with opportunities in the neighborhood electric vehicle and golf cart markets. The global golf cart and neighborhood electric vehicle market is expected to reach an estimated $6.8 billion by 2030 with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are the growing popularity of short-distance travel in parks and hotels, increasing consumer demand for long-term sustainable automobiles free of pollution, as well as, rapid conversion of golf carts from gas to electric power.Golf Cart and Neighborhood Electric Vehicle by Segment
The study includes a forecast for the global golf cart and neighborhood electric vehicle by propulsion, type, and region.Golf Cart and Neighborhood Electric Vehicle Market by Propulsion [Shipment Analysis by Value from 2018 to 2030]
- Gas Powered Engine
- Electric Powered
Golf Cart and Neighborhood Electric Vehicle Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Neighborhood Electric Vehicle
- Golf Cart
Golf Cart and Neighborhood Electric Vehicle Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Golf Cart and Neighborhood Electric Vehicle Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies golf cart and neighborhood electric vehicle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the golf cart and neighborhood electric vehicle companies profiled in this report include-- Bradshaw Electric Vehicles
- Dongfeng Motor Group
- E-Way Golf Cars and Garia
- Textron
- DY
- Ingersoll-Rand
- Yamaha Motor
- Polaris Industries
- Yamaha Motor
- Garia
Golf Cart and Neighborhood Electric Vehicle Market Insights
The publisher forecasts that electric powered is expected to witness the higher growth over the forecast period because of the rising global gasoline prices have encouraged people to choose electric automobiles.North America will remain the largest region over the forecast period due to the presence of a significant number of golf courses, the trend and support for golf, and the existence of major manufacturers of golf carts and other vehicles in the region.
Features of the Global Golf Cart and Neighborhood Electric Vehicle Market
- Market Size Estimates: Golf cart and neighborhood electric vehicle market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Golf cart and neighborhood electric vehicle market size by propulsion, type, and region in terms of value ($B).
- Regional Analysis: Golf cart and neighborhood electric vehicle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different propulsion, type, and regions for the golf cart and neighborhood electric vehicle market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the golf cart and neighborhood electric vehicle market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the golf cart and neighborhood electric vehicle market size?Answer: The global golf cart and neighborhood electric vehicle market is expected to reach an estimated $6.8 billion by 2030.
Q2. What is the growth forecast for golf cart and neighborhood electric vehicle market?
Answer: The global golf cart and neighborhood electric vehicle market is expected to grow with a CAGR of 10.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the golf cart and neighborhood electric vehicle market?
Answer: The major drivers for this market are the growing popularity of short-distance travel in parks and hotels, increasing consumer demand for long-term sustainable automobiles free of pollution, as well as, rapid conversion of golf carts from gas to electric power.
Q4. What are the major segments for golf cart and neighborhood electric vehicle market?
Answer: The future of the global golf cart and neighborhood electric vehicle market looks promising with opportunities in the neighborhood electric vehicle and golf cart markets.
Q5. Who are the key golf cart and neighborhood electric vehicle market companies?
Answer: Some of the key golf cart and neighborhood electric vehicle companies are as follows:
- Bradshaw Electric Vehicles
- Dongfeng Motor Group
- E-Way Golf Cars and Garia
- Textron
- DY
- Ingersoll-Rand
- Yamaha Motor
- Polaris Industries
- Yamaha Motor
- Garia
Answer: The publisher forecasts that electric powered is expected to witness the higher growth over the forecast period because of the rising global gasoline prices have encouraged people to choose electric automobiles.
Q7. In golf cart and neighborhood electric vehicle market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the presence of a significant number of golf courses, the trend and support for golf, and the existence of major manufacturers of golf carts and other vehicles in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the golf cart and neighborhood electric vehicle market by propulsion (gas powered engine and electric powered), type (neighborhood electric vehicle and golf cart), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Golf Cart and Neighborhood Electric Vehicle Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Bradshaw Electric Vehicles
- Dongfeng Motor Group
- E-Way Golf Cars and Garia
- Textron
- DY
- Ingersoll-Rand
- Yamaha Motor
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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