Global Golf Cart and NEV Market Research Report 2023(Status and Outlook)

Global Golf Cart and NEV Market Research Report 2023(Status and Outlook)



Report Overview

Golf Cart and NEV are used by golfers to carry heavy golf clubs and equipment. They are also used for daily commuting needs over short distances. Golf Cart and NEV are usually gasoline-powered or electric, but recently solar-powered Golf Cart and NEV have also been developed. Electric Golf Cart and NEV have more preference among consumers.

Golf Cart and NEV come in a wide range of formats and are more generally used to convey small numbers of passenger short distances at speeds less than 15 mph (24 km/h) per ANSI Standard z130.1 as originally manufactured. They are generally around 4 feet (1.2 m) wide × 8 feet (2.4 m) long × 6 feet (1.8 m) high and weigh 900 pounds (410 kg) to 1,000 pounds (450 kg). Most are powered by 4-stroke engines.

The price of a Golf Cart and NEV can range anywhere from under US$1,000 to well over US$20,000 per cart, depending on several factors. These factors may include whether or not a fleet of carts is being purchased for a golf course or a country club, for example, and whether the carts are new or used. Other factors may include options such as equipment requirements, and how many people the cart is meant to transport. With the rise in popularity of Golf Cart and NEV, many golf clubs or country clubs offer storage and energy options to Golf Cart and NEV owners. This has led to the modification of Golf Cart and NEV to suit use at the particular golf course. Typical modification includes windshields, ball cleaners, cooler trays, upgraded motor or speed controller (to increase speed and/or torque), and lift kits.

Originally Golf Cart and NEV were electrically powered, but in time gasoline-powered variants started to occur. The electric variety is now used in many communities where their lack of pollutants, lack of noise, and safety for pedestrians and other carts (due to slow speeds) are beneficial. When purpose-built for general transportation these are called Neighborhood Electric Vehicles (NEVs), but with various operating limitations such as top speed and heavy regulation on which type of streets these types of carts are permitted to be used. These may resemble the Golf Cart and NEV shown above, although some are now being made with all-weather car-like bodies.

The major players in global Golf Cart and NEV market include Yamaha Golf Cars, Textron, Columbia CarPar, etc. The top 3 players occupy about 30% shares of the global market. North America and China are main markets, they occupy about 50% of the global market. Electric Power is the main type, with a share about 70%. Parks, Tourist Destinations and Hotels are the main application, which hold a share about 35%.

The Global Golf Cart and NEV Market Size was estimated at USD 4937.00 million in 2022 and is projected to reach USD 6281.24 million by 2029, exhibiting a CAGR of 3.50% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Golf Cart and NEV market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Golf Cart and NEV Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Golf Cart and NEV market in any manner.

Global Golf Cart and NEV Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Yamaha Golf Cars

Textron (E-Z-Go and Cushman)

Club Car

Columbia Vehicle Group Inc

Suzhou Eagle Electric Vehicle Manufacturing

Garia Inc.

Guangdong Lvtong

JH Global Services Inc

Xiamen Dalle Electric Car

Marshell Green Power

American Custom Golf Cars

Bintelli Electric Vehicles

Dongguan Excellence Golf & Sightseeing Car

Speedways Electric

Market Segmentation (by Type)

Gas Power

Electric Power

Others

Market Segmentation (by Application)

Agriculture

Oil Industry

Environmental Protection

Food Industry

Cosmetics and Daily Chemicals

Pharmaceuticals

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Golf Cart and NEV Market

Overview of the regional outlook of the Golf Cart and NEV Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Golf Cart and NEV
1.2 Key Market Segments
1.2.1 Golf Cart and NEV Segment by Type
1.2.2 Golf Cart and NEV Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
1.4 Key Data of Global Auto Market
1.4.1 Global Automobile Production by Country
1.4.2 Global Automobile Production by Type
2 Golf Cart and NEV Market Overview
2.1 Global Market Overview
2.1.1 Global Golf Cart and NEV Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Golf Cart and NEV Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Golf Cart and NEV Market Competitive Landscape
3.1 Global Golf Cart and NEV Sales by Manufacturers (2018-2023)
3.2 Global Golf Cart and NEV Revenue Market Share by Manufacturers (2018-2023)
3.3 Golf Cart and NEV Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Golf Cart and NEV Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Golf Cart and NEV Sales Sites, Area Served, Product Type
3.6 Golf Cart and NEV Market Competitive Situation and Trends
3.6.1 Golf Cart and NEV Market Concentration Rate
3.6.2 Global 5 and 10 Largest Golf Cart and NEV Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Golf Cart and NEV Industry Chain Analysis
4.1 Golf Cart and NEV Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Golf Cart and NEV Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Golf Cart and NEV Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Golf Cart and NEV Sales Market Share by Type (2018-2023)
6.3 Global Golf Cart and NEV Market Size Market Share by Type (2018-2023)
6.4 Global Golf Cart and NEV Price by Type (2018-2023)
7 Golf Cart and NEV Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Golf Cart and NEV Market Sales by Application (2018-2023)
7.3 Global Golf Cart and NEV Market Size (M USD) by Application (2018-2023)
7.4 Global Golf Cart and NEV Sales Growth Rate by Application (2018-2023)
8 Golf Cart and NEV Market Segmentation by Region
8.1 Global Golf Cart and NEV Sales by Region
8.1.1 Global Golf Cart and NEV Sales by Region
8.1.2 Global Golf Cart and NEV Sales Market Share by Region
8.2 North America
8.2.1 North America Golf Cart and NEV Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Golf Cart and NEV Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Golf Cart and NEV Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Golf Cart and NEV Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Golf Cart and NEV Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Yamaha Golf Cars
9.1.1 Yamaha Golf Cars Golf Cart and NEV Basic Information
9.1.2 Yamaha Golf Cars Golf Cart and NEV Product Overview
9.1.3 Yamaha Golf Cars Golf Cart and NEV Product Market Performance
9.1.4 Yamaha Golf Cars Business Overview
9.1.5 Yamaha Golf Cars Golf Cart and NEV SWOT Analysis
9.1.6 Yamaha Golf Cars Recent Developments
9.2 Textron (E-Z-Go and Cushman)
9.2.1 Textron (E-Z-Go and Cushman) Golf Cart and NEV Basic Information
9.2.2 Textron (E-Z-Go and Cushman) Golf Cart and NEV Product Overview
9.2.3 Textron (E-Z-Go and Cushman) Golf Cart and NEV Product Market Performance
9.2.4 Textron (E-Z-Go and Cushman) Business Overview
9.2.5 Textron (E-Z-Go and Cushman) Golf Cart and NEV SWOT Analysis
9.2.6 Textron (E-Z-Go and Cushman) Recent Developments
9.3 Club Car
9.3.1 Club Car Golf Cart and NEV Basic Information
9.3.2 Club Car Golf Cart and NEV Product Overview
9.3.3 Club Car Golf Cart and NEV Product Market Performance
9.3.4 Club Car Business Overview
9.3.5 Club Car Golf Cart and NEV SWOT Analysis
9.3.6 Club Car Recent Developments
9.4 Columbia Vehicle Group Inc
9.4.1 Columbia Vehicle Group Inc Golf Cart and NEV Basic Information
9.4.2 Columbia Vehicle Group Inc Golf Cart and NEV Product Overview
9.4.3 Columbia Vehicle Group Inc Golf Cart and NEV Product Market Performance
9.4.4 Columbia Vehicle Group Inc Business Overview
9.4.5 Columbia Vehicle Group Inc Golf Cart and NEV SWOT Analysis
9.4.6 Columbia Vehicle Group Inc Recent Developments
9.5 Suzhou Eagle Electric Vehicle Manufacturing
9.5.1 Suzhou Eagle Electric Vehicle Manufacturing Golf Cart and NEV Basic Information
9.5.2 Suzhou Eagle Electric Vehicle Manufacturing Golf Cart and NEV Product Overview
9.5.3 Suzhou Eagle Electric Vehicle Manufacturing Golf Cart and NEV Product Market Performance
9.5.4 Suzhou Eagle Electric Vehicle Manufacturing Business Overview
9.5.5 Suzhou Eagle Electric Vehicle Manufacturing Golf Cart and NEV SWOT Analysis
9.5.6 Suzhou Eagle Electric Vehicle Manufacturing Recent Developments
9.6 Garia Inc.
9.6.1 Garia Inc. Golf Cart and NEV Basic Information
9.6.2 Garia Inc. Golf Cart and NEV Product Overview
9.6.3 Garia Inc. Golf Cart and NEV Product Market Performance
9.6.4 Garia Inc. Business Overview
9.6.5 Garia Inc. Recent Developments
9.7 Guangdong Lvtong
9.7.1 Guangdong Lvtong Golf Cart and NEV Basic Information
9.7.2 Guangdong Lvtong Golf Cart and NEV Product Overview
9.7.3 Guangdong Lvtong Golf Cart and NEV Product Market Performance
9.7.4 Guangdong Lvtong Business Overview
9.7.5 Guangdong Lvtong Recent Developments
9.8 JH Global Services Inc
9.8.1 JH Global Services Inc Golf Cart and NEV Basic Information
9.8.2 JH Global Services Inc Golf Cart and NEV Product Overview
9.8.3 JH Global Services Inc Golf Cart and NEV Product Market Performance
9.8.4 JH Global Services Inc Business Overview
9.8.5 JH Global Services Inc Recent Developments
9.9 Xiamen Dalle Electric Car
9.9.1 Xiamen Dalle Electric Car Golf Cart and NEV Basic Information
9.9.2 Xiamen Dalle Electric Car Golf Cart and NEV Product Overview
9.9.3 Xiamen Dalle Electric Car Golf Cart and NEV Product Market Performance
9.9.4 Xiamen Dalle Electric Car Business Overview
9.9.5 Xiamen Dalle Electric Car Recent Developments
9.10 Marshell Green Power
9.10.1 Marshell Green Power Golf Cart and NEV Basic Information
9.10.2 Marshell Green Power Golf Cart and NEV Product Overview
9.10.3 Marshell Green Power Golf Cart and NEV Product Market Performance
9.10.4 Marshell Green Power Business Overview
9.10.5 Marshell Green Power Recent Developments
9.11 American Custom Golf Cars
9.11.1 American Custom Golf Cars Golf Cart and NEV Basic Information
9.11.2 American Custom Golf Cars Golf Cart and NEV Product Overview
9.11.3 American Custom Golf Cars Golf Cart and NEV Product Market Performance
9.11.4 American Custom Golf Cars Business Overview
9.11.5 American Custom Golf Cars Recent Developments
9.12 Bintelli Electric Vehicles
9.12.1 Bintelli Electric Vehicles Golf Cart and NEV Basic Information
9.12.2 Bintelli Electric Vehicles Golf Cart and NEV Product Overview
9.12.3 Bintelli Electric Vehicles Golf Cart and NEV Product Market Performance
9.12.4 Bintelli Electric Vehicles Business Overview
9.12.5 Bintelli Electric Vehicles Recent Developments
9.13 Dongguan Excellence Golf andamp; Sightseeing Car
9.13.1 Dongguan Excellence Golf andamp; Sightseeing Car Golf Cart and NEV Basic Information
9.13.2 Dongguan Excellence Golf andamp; Sightseeing Car Golf Cart and NEV Product Overview
9.13.3 Dongguan Excellence Golf andamp; Sightseeing Car Golf Cart and NEV Product Market Performance
9.13.4 Dongguan Excellence Golf andamp; Sightseeing Car Business Overview
9.13.5 Dongguan Excellence Golf andamp; Sightseeing Car Recent Developments
9.14 Speedways Electric
9.14.1 Speedways Electric Golf Cart and NEV Basic Information
9.14.2 Speedways Electric Golf Cart and NEV Product Overview
9.14.3 Speedways Electric Golf Cart and NEV Product Market Performance
9.14.4 Speedways Electric Business Overview
9.14.5 Speedways Electric Recent Developments
10 Golf Cart and NEV Market Forecast by Region
10.1 Global Golf Cart and NEV Market Size Forecast
10.2 Global Golf Cart and NEV Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Golf Cart and NEV Market Size Forecast by Country
10.2.3 Asia Pacific Golf Cart and NEV Market Size Forecast by Region
10.2.4 South America Golf Cart and NEV Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Golf Cart and NEV by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Golf Cart and NEV Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Golf Cart and NEV by Type (2024-2029)
11.1.2 Global Golf Cart and NEV Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Golf Cart and NEV by Type (2024-2029)
11.2 Global Golf Cart and NEV Market Forecast by Application (2024-2029)
11.2.1 Global Golf Cart and NEV Sales (K Units) Forecast by Application
11.2.2 Global Golf Cart and NEV Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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