1. Market Research
  2. > Tourism and Leisure
  3. > Leisure
  4. > Sporting Goods Market Trends
  5. > Golf Cart and NEV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Golf Cart and NEV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

  • March 2015
  • -
  • Transparency Market Research
  • -
  • 69 pages

Summary

Table of Contents

Golf carts and NEVs are the low speed vehicles which are used for short distant commuting in the golf courses and vicinities. The major applications of these vehicles are in golf courses, hotels, parks, residential and commercial premises, institutions, tourist destinations and airports among others. These vehicles run on gas powered engines as well as electric powered engines. The electric powered vehicles have more demand globally over the gas powered vehicles as the electric golf carts and NEVs are technologically advanced and can be better customized with respect to the gas powered golf carts and neighborhood vehicles.

The global golf cart and NEV market is expected to witness substantial growth during the forecast period. The increase in demand for electric vehicles due to their eco-friendly features is stimulating the demand for golf carts and NEVs globally. Need for environment friendly vehicles are growing in every region among the common masses. Various governments globally are adopting stringent regulatory guidelines for controlling vehicular pollution. In addition, the rising fuel prices across the world and the growing affinity towards technologically advanced vehicles are also influencing the growth of this market. High disposable income in countries such as the U.S., Canada, the U.K., France, Italy, Germany and Japan is influencing the growth of golf cart and NEV market positively.

The developing economies like India, China, Brazil, Indonesia and others are expected to generate further demand for golf cart and NEV market in the coming years. With technological advancement in the electric golf cart industry, new products are being developed by the manufacturers with better efficiencies, functionalities, customizations and reduced pollution effects. The golf carts and NEVs have demand in most of the industries such as real estate, hotels, golf courses and others. There are some challenges which the industry encounters and few of those have high impacts at present such as lack of optimal infrastructure. However, it is expected that the impact of these factors is expected to become low during the forecast period.

In this report, the market has been segmented based on product type, engine type and geography. It also includes drivers, restraints and opportunities (DROs), Porter’s five forces analysis and value chain of the golf cart and NEV market. The study highlights current market trends and provides the forecast from 2014 to 2020. The report covers the current market scenario for golf cart and NEVs and highlights future trends that could influence the demand for the same. The global golf cart and NEV market is expected to observe a steady growth rate from 2014-20120.

By geography, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Based on the product types, the market has been categorized into golf carts and NEVs. The market size and forecast from 2014 to 2020 have been provided in the report.

The report also analyzes macroeconomic factors influencing and inhibiting the growth of the golf cart and NEV market. Porter’s five forces analysis offers insight into the market competition throughout its value chain. The market attractiveness analysis provided in the report highlights key investing areas in this industry. The report will help manufacturers, suppliers and distributors understand the present and future trends in this market and formulate their strategies accordingly.

This study includes the profiles of key players in the market and the strategies adopted by them to sustain in the competition. Recent developments and barriers of the market are expected to help emerging players to design their strategies in an effective manner. The study is expected to help the electric vehicle manufacturers to formulate and develop new strategies. The key participants in this market are Textron Inc., Ingersoll Rand Corp., Yamaha Golf Car Company, Dongfeng Electric Vehicles Co., Ltd, Dongyang Mechatronics Corp. and Bradshaw Electric Vehicles.

Global Golf cart and NEV Market: By Types, 2014 - 2020
Golf Carts
Neighborhood Electric Vehicles (NEV)
Global Golf cart and NEV Market: By Engines, 2014 - 2020
Gas powered engines
Electric powered engines
Global Golf cart and NEV Market: By Geography, 2014 - 2020
North America
Europe
Asia Pacific
Rest of the world (RoW)

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Global Golf Cart Market 2017-2021

Global Golf Cart Market 2017-2021

  • $ 3500
  • Industry report
  • January 2017
  • by Infiniti Research Limited

About Golf Cart The trend of using golf carts for daily commuting is growing. This is due to the fluctuating fuel prices and stringent emission regulations imposed by governments of most countries across ...

India Market Study on Golf Carts: Hotels/Resorts End User Segment Anticipated to Create High Value Opportunity Through 2024

India Market Study on Golf Carts: Hotels/Resorts End User Segment Anticipated to Create High Value Opportunity Through 2024

  • $ 2900
  • Industry report
  • January 2017
  • by Persistence Market Research

Persistence Market Research analyzes the India golf cart market in a new publication titled “Golf Cart Market: India Industry Analysis and Forecast, 2016–2024”. This study provides data for 2015 ...

The 2018-2023 World Outlook for Handcarts for Carrying Golf Bags, Golf Club Shafts Sold Separately, Tees, and Training Devices for Putting and Driving

The 2018-2023 World Outlook for Handcarts for Carrying Golf Bags, Golf Club Shafts Sold Separately, Tees, and Training Devices for Putting and Driving

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for handcarts for carrying golf bags, golf club shafts sold separately, tees, and training devices for putting and driving across more than 190 countries. For each yea ...

Global Knee Pad Market 2016-2020

November 2016 $ 2500

Download Unlimited Documents from Trusted Public Sources

Sports Accessory Industry in the UK

  • January 2017
    43 pages
  • Sports Accessor...  

    Sport Practice  

    Sport Disciplin...  

  • United Kingdom  

    United States  

    Europe  

View report >

Bike Industry in the UK

  • August 2016
    25 pages
  • Bike  

  • United Kingdom  

    Europe  

View report >

Bike Industry in the UK

  • August 2016
    25 pages
  • Bike  

  • United Kingdom  

    Europe  

View report >

Related Market Segments :

Sports Accessory

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.