Global golf cart and neighborhood electric vehicle market -Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2021 – 2031
Global golf cart and neighborhood electric vehicle market by Engine Type (Electric Powered Engine and Gas-Powered Engine), Application (Sports and Transportation), and Regions (The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031
The global golf cart and neighborhood electric vehicle market size was valued at USD 5.1 Million in 2021 and is expected to surpass USD 7.4 Million by 2031, expanding at a CAGR of 7.24 % during the forecast period, 2021–2031. The growth of the market is attributed to the adoption of the electric vehicle, and the rising demand for fast charging cables.
INTRODUCTION
Electric vehicles require low maintenance costs compared to other vehicles electric vehicles require low maintenance costs and are eco-friendly. Electric vehicles are utilized in many applications like parks, hotels, security patrols, small-distance travel, and commercial campuses. It has smoother performance and is used for brief distance traveling with low regulation.
The adoption of electric vehicles is in high demand, as these vehicles reduce the release of harmful carbon emissions and there is no consumption of fuel which makes it quite cost-effective.
Market Trends, Drivers, Restraints, and Opportunities
Scope of the Report
Attributes |
Details |
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Report Title | GLOBAL GOLF CART AND NEIGHBORHOOD ELECTRIC VEHICLE MARKET - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast |
Base Year | 2021 |
Historic Data | 2020–2021 |
Forecast Period | 2021–2031 |
Segmentation | Engine Type (Electric Powered Engine and Gas-Powered Engine), Application (Sports and Transportation) |
Regional Scope | The Asia Pacific, Middle East Africa, Europe, North America, and Latin America |
Report Coverage | Market Analysis Company Share & Size, Growth Factors, Trends, Competitive Landscape, Trends, and Revenue Forecast |
Key Players Covered in the Report | Yamaha Golf Cars; Columbia Car Par; Textron; Speedways Electric; Bradshaw Electric Vehicles; GEM; E-Way Golf Cars; Renault S.A.; Ingersoll Rand; Club Car LLC. |
Market Segment Insights
The electrically powered engine segment is expected to expand at a rapid pace
Based on engine type, the global golf cart and neighborhood electric vehicle market is bifurcated into electric power engines and gas-powered engines. Due to technological advancements, the electrically powered engine segment is expected to expand at a rapid pace during the forecast period. However, the gas-powered engine segment is anticipated to hold a moderate share of the market in the coming years.
The sports segment is expected to propel the market during the forecast period
Based on the application, the global golf cart and neighborhood electric vehicle market is bifurcated into sports and transportation. The sports segment is expected to expand at a rapid pace during the forecast period.
Geographical Overview
The countries covered within the North American region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and others. Moreover, Germany, the U.K., France, Spain, and the remainder of Europe are included within the European region. The U.S. drives the expansion within the North American region because it is the largest market. The Asia-pacific region offers a substantial potential for market growth due to the rapid climb in markets like India and China.?
Competitive Landscape
Key players competing in the global golf cart and neighborhood electric vehicle market are, Yamaha Golf Cars; Columbia Car Par; Textron; Speedways Electric; Bradshaw Electric Vehicles; GEM; E-Way Golf Cars; Renault S.A.; Ingersoll Rand; Club Car LLC.
FAQs
Mention the market size of the global golf cart and neighborhood electric vehicle market in 2021.
The global golf cart and neighborhood electric vehicle market size was valued at USD 5.1 Million in 2021 and is expected to surpass USD 7.4 Million by 2031.
During the forecast period, what is the CAGR of the market?
During the forecast period, the CAGR of the market is 7.24%.
What are the key drivers of the market?
The adoption of the electric vehicle and the rising demand for fast charging cables are anticipated to be the key drivers of the market.
What segments are covered in the Global golf cart and neighborhood electric vehicle market report?
Engine Type (Electric Powered Engine and Gas-Powered Engine), Application (Sports and Transportation)
1 INTRODUCTION OF GLOBAL GOLF CART AND NEIGHBORHOOD ELECTRIC VEHICLE MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL GOLF CART AND NEIGHBORHOOD ELECTRIC VEHICLE MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain Analysis
5 GLOBAL GOLF CART AND NEIGHBORHOOD ELECTRIC VEHICLE MARKET, BY ENGINE TYPE
5.1 Overview
5.2 Electric Powered Engine
5.3 Gas-Powered Engine
6 GLOBAL GOLF CART AND NEIGHBORHOOD ELECTRIC VEHICLE MARKET, APPLICATION
6.1 Overview
6.2 Sports
6.3 Transportation
7 GLOBAL GOLF CART AND NEIGHBORHOOD ELECTRIC VEHICLE MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 the U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 the U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 The Asia Pacific
7.4.1 China
7.4.2 japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 The Middle East & Africa
8 GLOBAL GOLF CART AND NEIGHBORHOOD ELECTRIC VEHICLE MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Yamaha Golf Cars
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Columbia Car Par
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Textron
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Speedways Electric
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Bradshaw Electric Vehicles
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 GEM
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 E-Way Golf Cars
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Renault S.A.
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Ingersoll Rand
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Club Car LLC
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 Appendix
10.1 Related Research
Segments Covered in the Report
Engine Type
Application
Regions
Key Players
The global golf cart and neighborhood electric vehicle market has a presence of some of the key major players across the globe which include:
WishTree Insights uses recent research tools and provides accurate data to the clients. Our expert team delivers the perfect research report that generates revenue and recommendations.
By using the Bottom-Up and Top-Down methods we carry out extensive research. Our focus is on the following parameters:
Our expertise uses primary research with Key for validating the market forecasts:
WishTree Database
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