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

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)

Table Of Contents

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

Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

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, 2013 - 2020 (USD million)
4.3 Electric-powered engine
Electric powered engine market size and forecast, 2013 - 2020 (USD million)

Chapter 5 Global Golf Cart and NEV Market Analysis, by Type
5.1 Introduction
Golf cart market size and forecast, 2013 - 2020 (USD million)
Golf cart purchase process and influencing factors
5.2 Neighborhood electric vehicle (NEV)
Neighbourhood electric vehicle (NEV) market size and forecast, 2013 - 2020 (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, 2013 - 2020 (USD million)
6.3 Europe
Europe golf cart and NEV market size and forecast, 2013 - 2020 (USD million)
6.4 Asia Pacific
Asia Pacific golf cart and NEV market size and forecast, 2013 - 2020 (USD million)
6.5 Rest of the World
Rest of the World golf cart and NEV market size and forecast, 2013 - 2020 (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
List of Figures

FIG. 1 Market segmentation: Global golf cart and NEV market
FIG. 2 Market share for electric vehicles in compared to all vehicles, 2013 (%)
FIG. 3 Value chain analysis for global golf cat and NEV market
FIG. 4 Porter's five forces analysis for golf cart and NEV market
FIG. 5 Global Golf Cart and NEV Market Share and Forecast, by Engine, 2013 vs. 2020 (Value %)
FIG. 6 Gas-powered Engine Market Size and Forecast, 2013 - 2020 (USD million)
FIG. 7 Electric powered engine market size and forecast, 2013 - 2020 (USD million)
FIG. 8 Global Golf Cart and NEV market share and forecast, by Type, 2013 vs. 2020 (Value %)
FIG. 9 Golf Cart Market Size and Forecast, 2013 - 2020 (USD million)
FIG. 10 Neighbourhood Electric Vehicle (NEV) Market Size and Forecast, 2013 - 2020 (USD million)
FIG. 11 Global Golf Cart and NEV Market Share and Forecast, by Geography 2013 vs. 2020 (Value %)
FIG. 12 North America Golf Cart and NEV Market Size and Forecast, 2013 - 2020 (USD million)
FIG. 13 Europe Golf Cart and NEV Market Size and Forecast, 2013 - 2020 (USD million)
FIG. 14 Asia Pacific Golf Cart and NEV Market Size and Forecast, 2013 - 2020 (USD million)
FIG. 15 Rest of the World Golf Cart and NEV Market Size and Forecast, 2013 - 2020 (USD million)
List of Tables

TABLE 1 Global golf cart and NEV market snapshot
TABLE 2 Golf cart and NEV market size and forecast by application, 2013 - 2020 (USD million)
TABLE 3 Region/country wise distribution of golf courses and golfer demographics
TABLE 4 Drivers of the global golf cart and NEV market: Impact Analysis
TABLE 5 Drivers of the global golf cart and NEV market: Impact Analysis
TABLE 6 North America golf cart market size and forecast, by engine, 2013 - 2020 (USD million)
TABLE 7 North America golf cart and NEV market size and forecast, by Type, 2013 - 2020 (USD million)
TABLE 8 Europe golf cart market size and forecast, by engine, 2013 - 2020 (USD million)
TABLE 9 Europe golf cart and NEV market size and forecast, by Type, 2013 - 2020 (USD million)
TABLE 10 Asia Pacific golf cart market size and forecast, by engine, 2013 - 2020 (USD million)
TABLE 11 Asia Pacific golf cart and NEV size and forecast, by type, 2013 - 2020 (USD million)
TABLE 12 Rest of the World golf cart market size and forecast, by engine, 2013 - 2020 (USD million)
TABLE 13 Rest of the World golf cart and NEV size and forecast, by type, 2013 - 2020 (USD million)

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