Global Golf Cart and NEV Market Growth 2023-2029

Global Golf Cart and NEV Market Growth 2023-2029

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$20,000 per cart, depending on several factors. These factors may include whether or not a fleet of carts is being purchased for a golf course or a country club, for example, and whether the carts are new or used. Other factors may include options such as equipment requirements, and how many people the cart is meant to transport. With the rise in popularity of Golf Cart and NEV, many golf clubs or country clubs offer storage and energy options to Golf Cart and NEV owners. This has led to the modification of Golf Cart and NEV to suit use at the particular golf course. Typical modification includes windshields, ball cleaners, cooler trays, upgraded motor or speed controller (to increase speed and/or torque), and lift kits.
Originally Golf Cart and NEV were electrically powered, but in time gasoline-powered variants started to occur. The electric variety is now used in many communities where their lack of pollutants, lack of noise, and safety for pedestrians and other carts (due to slow speeds) are beneficial. When purpose-built for general transportation these are called Neighborhood Electric Vehicles (NEVs), but with various operating limitations such as top speed and heavy regulation on which type of streets these types of carts are permitted to be used. These may resemble the Golf Cart and NEV shown above, although some are now being made with all-weather car-like bodies.
LPI (LP Information)' newest research report, the “Golf Cart and NEV Industry Forecast” looks at past sales and reviews total world Golf Cart and NEV sales in 2022, providing a comprehensive analysis by region and market sector of projected Golf Cart and NEV sales for 2023 through 2029. With Golf Cart and NEV sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Golf Cart and NEV industry.
This Insight Report provides a comprehensive analysis of the global Golf Cart and NEV landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Golf Cart and NEV portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Golf Cart and NEV market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Golf Cart and NEV and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Golf Cart and NEV.
The global Golf Cart and NEV market size is projected to grow from US$ 5025.3 million in 2022 to US$ 6450.3 million in 2029; it is expected to grow at a CAGR of 6450.3 from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Golf Cart and NEV market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Gas Power
Electric Power
Others
Segmentation by application
Golf courses
Parks, Tourist Destinations and Hotels
Airports
Residential and commercial premises
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Golf Cart and NEV market?
What factors are driving Golf Cart and NEV market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Golf Cart and NEV market opportunities vary by end market size?
How does Golf Cart and NEV break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.