Global Golf Cart and NEV Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Golf Cart and NEV Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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.

According to our (Global Info Research) latest study, the global Golf Cart and NEV market size was valued at US$ 5486 million in 2023 and is forecast to a readjusted size of USD 6924 million by 2030 with a CAGR of 3.4% during review period.

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%.

This report is a detailed and comprehensive analysis for global Golf Cart and NEV market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Golf Cart and NEV market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Golf Cart and NEV market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Golf Cart and NEV market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Golf Cart and NEV market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Golf Cart and NEV

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Golf Cart and NEV market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include 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, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Golf Cart and NEV market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Gas Power
Electric Power
Others

Market segment by Application
Golf courses
Parks, Tourist Destinations and Hotels
Airports
Residential and commercial premises
Others

Major players covered
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 segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Golf Cart and NEV product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Golf Cart and NEV, with price, sales quantity, revenue, and global market share of Golf Cart and NEV from 2019 to 2024.

Chapter 3, the Golf Cart and NEV competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Golf Cart and NEV breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Golf Cart and NEV market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Golf Cart and NEV.

Chapter 14 and 15, to describe Golf Cart and NEV sales channel, distributors, customers, research findings and conclusion.