1. Market Research
  2. > Automotive
  3. > Auto Parts Market Trends

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

  • March 2015
  • 69 pages
  • Transparency Market Research
Report ID: 2878112

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
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Liquid and Gas Filtering and Purifying Equipment Markets in the World to 2021 - Market Size, Development, and Forecasts

  • $ 22464
  • Industry report
  • July 2017
  • by Global Research & Data Services

The industry report package Liquid and Gas Filtering and Purifying Equipment Markets in the World to 2021 offers the most up-to-date market data on the actual market situation, and future outlook for liquid ...

Liquid and Gas Filtering and Purifying Equipment Markets in Europe to 2021 - Market Size, Development, and Forecasts

  • $ 12090
  • Industry report
  • July 2017
  • by Global Research & Data Services

The industry report package Liquid and Gas Filtering and Purifying Equipment Markets in Europe to 2021 offers the most up-to-date market data on the actual market situation, and future outlook for liquid ...

Liquid and Gas Filtering and Purifying Equipment Markets in Asia to 2021 - Market Size, Development, and Forecasts

  • $ 9031
  • Industry report
  • July 2017
  • by Global Research & Data Services

The industry report package Liquid and Gas Filtering and Purifying Equipment Markets in Asia to 2021 offers the most up-to-date market data on the actual market situation, and future outlook for liquid ...


Download Unlimited Documents from Trusted Public Sources

Auto Parts Markets in the US

  • August 2017
    50 pages
  • Auto Parts  

  • United States  

    World  

View report >

Auto Parts Markets in the US

  • August 2017
    50 pages
  • Auto Parts  

  • United States  

    World  

View report >

Auto Parts Markets in the US

  • August 2017
    50 pages
  • Auto Parts  

  • United States  

    World  

View report >

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

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