The global Golf Cart and NEV market was valued at 4551.7 Million USD in 2020 and will grow with a CAGR of 2.84% from 2020 to 2027, based on newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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 technical barriers of Golf Cart and NEV are high, and the Golf Cart and NEV market concentration degree is relatively higher. The manufacturing bases concentration around the world in terms of geography; some of the key players dominating this market are Yamaha Golf Cars, Textron, Columbia CarPar, Ingersoll Rand, Shenzhen Marshell Green Power, and others.

By Market Verdors:

Company A

Company B

…

By Types:

Single Seat Golf Cart

Walking Follow-up Golf Cart

Multiple Seat Golf Cart

Entertainment Type Golf Cart

By Applications:

Golf Courses

Tourist Attraction

Residential

Campus

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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1 Report Overview

1.1 Study Scope

1.2 Key Market Segments

1.3 Players Covered: Ranking by Golf Cart and NEV Revenue

1.4 Market Analysis by Type

1.4.1 Global Golf Cart and NEV Market Size Growth Rate by Type: 2021 VS 2027

1.4.2 Single Seat Golf Cart

1.4.3 Walking Follow-up Golf Cart

1.4.4 Multiple Seat Golf Cart

1.4.5 Entertainment Type Golf Cart

1.5 Market by Application

1.5.1 Global Golf Cart and NEV Market Share by Application: 2022-2027

1.5.2 Golf Courses

1.5.3 Tourist Attraction

1.5.4 Residential

1.5.5 Campus

1.6 Study Objectives

1.7 Years Considered

1.8 Overview of Global Golf Cart and NEV Market

1.8.1 Global Golf Cart and NEV Market Status and Outlook (2016-2027)

1.8.2 North America

1.8.3 East Asia

1.8.4 Europe

1.8.5 South Asia

1.8.6 Southeast Asia

1.8.7 Middle East

1.8.8 Africa

1.8.9 Oceania

1.8.10 South America

1.8.11 Rest of the World

2 Market Competition by Manufacturers

2.1 Global Golf Cart and NEV Production Capacity Market Share by Manufacturers (2016-2021)

2.2 Global Golf Cart and NEV Revenue Market Share by Manufacturers (2016-2021)

2.3 Global Golf Cart and NEV Average Price by Manufacturers (2016-2021)

2.4 Manufacturers Golf Cart and NEV Production Sites, Area Served, Product Type

3 Sales by Region

3.1 Global Golf Cart and NEV Sales Volume Market Share by Region (2016-2021)

3.2 Global Golf Cart and NEV Sales Revenue Market Share by Region (2016-2021)

3.3 North America Golf Cart and NEV Sales Volume

3.3.1 North America Golf Cart and NEV Sales Volume Growth Rate (2016-2021)

3.3.2 North America Golf Cart and NEV Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.4 East Asia Golf Cart and NEV Sales Volume

3.4.1 East Asia Golf Cart and NEV Sales Volume Growth Rate (2016-2021)

3.4.2 East Asia Golf Cart and NEV Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.5 Europe Golf Cart and NEV Sales Volume (2016-2021)

3.5.1 Europe Golf Cart and NEV Sales Volume Growth Rate (2016-2021)

3.5.2 Europe Golf Cart and NEV Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.6 South Asia Golf Cart and NEV Sales Volume (2016-2021)

3.6.1 South Asia Golf Cart and NEV Sales Volume Growth Rate (2016-2021)

3.6.2 South Asia Golf Cart and NEV Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.7 Southeast Asia Golf Cart and NEV Sales Volume (2016-2021)

3.7.1 Southeast Asia Golf Cart and NEV Sales Volume Growth Rate (2016-2021)

3.7.2 Southeast Asia Golf Cart and NEV Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.8 Middle East Golf Cart and NEV Sales Volume (2016-2021)

3.8.1 Middle East Golf Cart and NEV Sales Volume Growth Rate (2016-2021)

3.8.2 Middle East Golf Cart and NEV Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.9 Africa Golf Cart and NEV Sales Volume (2016-2021)

3.9.1 Africa Golf Cart and NEV Sales Volume Growth Rate (2016-2021)

3.9.2 Africa Golf Cart and NEV Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.10 Oceania Golf Cart and NEV Sales Volume (2016-2021)

3.10.1 Oceania Golf Cart and NEV Sales Volume Growth Rate (2016-2021)

3.10.2 Oceania Golf Cart and NEV Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.11 South America Golf Cart and NEV Sales Volume (2016-2021)

3.11.1 South America Golf Cart and NEV Sales Volume Growth Rate (2016-2021)

3.11.2 South America Golf Cart and NEV Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.12 Rest of the World Golf Cart and NEV Sales Volume (2016-2021)

3.12.1 Rest of the World Golf Cart and NEV Sales Volume Growth Rate (2016-2021)

3.12.2 Rest of the World Golf Cart and NEV Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

4 North America

4.1 North America Golf Cart and NEV Consumption by Countries

4.2 United States

4.3 Canada

4.4 Mexico

5 East Asia

5.1 East Asia Golf Cart and NEV Consumption by Countries

5.2 China

5.3 Japan

5.4 South Korea

6 Europe

6.1 Europe Golf Cart and NEV Consumption by Countries

6.2 Germany

6.3 United Kingdom

6.4 France

6.5 Italy

6.6 Russia

6.7 Spain

6.8 Netherlands

6.9 Switzerland

6.10 Poland

7 South Asia

7.1 South Asia Golf Cart and NEV Consumption by Countries

7.2 India

7.3 Pakistan

7.4 Bangladesh

8 Southeast Asia

8.1 Southeast Asia Golf Cart and NEV Consumption by Countries

8.2 Indonesia

8.3 Thailand

8.4 Singapore

8.5 Malaysia

8.6 Philippines

8.7 Vietnam

8.8 Myanmar

9 Middle East

9.1 Middle East Golf Cart and NEV Consumption by Countries

9.2 Turkey

9.3 Saudi Arabia

9.4 Iran

9.5 United Arab Emirates

9.6 Israel

9.7 Iraq

9.8 Qatar

9.9 Kuwait

9.10 Oman

10 Africa

10.1 Africa Golf Cart and NEV Consumption by Countries

10.2 Nigeria

10.3 South Africa

10.4 Egypt

10.5 Algeria

10.6 Morocco

11 Oceania

11.1 Oceania Golf Cart and NEV Consumption by Countries

11.2 Australia

11.3 New Zealand

12 South America

12.1 South America Golf Cart and NEV Consumption by Countries

12.2 Brazil

12.3 Argentina

12.4 Columbia

12.5 Chile

12.6 Venezuela

12.7 Peru

12.8 Puerto Rico

12.9 Ecuador

13 Rest of the World

13.1 Rest of the World Golf Cart and NEV Consumption by Countries

13.2 Kazakhstan

14 Sales Volume, Sales Revenue, Sales Price Trend by Type

14.1 Global Golf Cart and NEV Sales Volume Market Share by Type (2016-2021)

14.2 Global Golf Cart and NEV Sales Revenue Market Share by Type (2016-2021)

14.3 Global Golf Cart and NEV Sales Price by Type (2016-2021)

15 Consumption Analysis by Application

15.1 Global Golf Cart and NEV Consumption Volume by Application (2016-2021)

15.2 Global Golf Cart and NEV Consumption Value by Application (2016-2021)

16 Company Profiles and Key Figures in Golf Cart and NEV Business

16.1 Company A

16.1.1 Company A Company Profile

16.1.2 Company A Golf Cart and NEV Product Specification

16.1.3 Company A Golf Cart and NEV Production Capacity, Revenue, Price and Gross Margin (2016-2021)

16.2 Company B

16.2.1 Company B Company Profile

16.2.2 Company B Golf Cart and NEV Product Specification

16.2.3 Company B Golf Cart and NEV Production Capacity, Revenue, Price and Gross Margin (2016-2021)

16.3 …

16.3.1 … Company Profile

16.3.2 … Golf Cart and NEV Product Specification

16.3.3 … Golf Cart and NEV Production Capacity, Revenue, Price and Gross Margin (2016-2021)

17 Golf Cart and NEV Manufacturing Cost Analysis

17.1 Golf Cart and NEV Key Raw Materials Analysis

17.1.1 Key Raw Materials

17.2 Proportion of Manufacturing Cost Structure

17.3 Manufacturing Process Analysis of Golf Cart and NEV

17.4 Golf Cart and NEV Industrial Chain Analysis

18 Marketing Channel, Distributors and Customers

18.1 Marketing Channel

18.2 Golf Cart and NEV Distributors List

18.3 Golf Cart and NEV Customers

19 Market Dynamics

19.1 Market Trends

19.2 Opportunities and Drivers

19.3 Challenges

19.4 Porter's Five Forces Analysis

20 Production and Supply Forecast

20.1 Global Forecasted Production of Golf Cart and NEV (2022-2027)

20.2 Global Forecasted Revenue of Golf Cart and NEV (2022-2027)

20.3 Global Forecasted Price of Golf Cart and NEV (2016-2027)

20.4 Global Forecasted Production of Golf Cart and NEV by Region (2022-2027)

20.4.1 North America Golf Cart and NEV Production, Revenue Forecast (2022-2027)

20.4.2 East Asia Golf Cart and NEV Production, Revenue Forecast (2022-2027)

20.4.3 Europe Golf Cart and NEV Production, Revenue Forecast (2022-2027)

20.4.4 South Asia Golf Cart and NEV Production, Revenue Forecast (2022-2027)

20.4.5 Southeast Asia Golf Cart and NEV Production, Revenue Forecast (2022-2027)

20.4.6 Middle East Golf Cart and NEV Production, Revenue Forecast (2022-2027)

20.4.7 Africa Golf Cart and NEV Production, Revenue Forecast (2022-2027)

20.4.8 Oceania Golf Cart and NEV Production, Revenue Forecast (2022-2027)

20.4.9 South America Golf Cart and NEV Production, Revenue Forecast (2022-2027)

20.4.10 Rest of the World Golf Cart and NEV Production, Revenue Forecast (2022-2027)

20.5 Forecast by Type and by Application (2022-2027)

20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2022-2027)

20.5.2 Global Forecasted Consumption of Golf Cart and NEV by Application (2022-2027)

21 Consumption and Demand Forecast

21.1 North America Forecasted Consumption of Golf Cart and NEV by Country

21.2 East Asia Market Forecasted Consumption of Golf Cart and NEV by Country

21.3 Europe Market Forecasted Consumption of Golf Cart and NEV by Countriy

21.4 South Asia Forecasted Consumption of Golf Cart and NEV by Country

21.5 Southeast Asia Forecasted Consumption of Golf Cart and NEV by Country

21.6 Middle East Forecasted Consumption of Golf Cart and NEV by Country

21.7 Africa Forecasted Consumption of Golf Cart and NEV by Country

21.8 Oceania Forecasted Consumption of Golf Cart and NEV by Country

21.9 South America Forecasted Consumption of Golf Cart and NEV by Country

21.10 Rest of the world Forecasted Consumption of Golf Cart and NEV by Country

22 Research Findings and Conclusion

23 Methodology and Data Source

23.1 Methodology/Research Approach

23.1.1 Research Programs/Design

23.1.2 Market Size Estimation

23.1.3 Market Breakdown and Data Triangulation

23.2 Data Source

23.2.1 Secondary Sources

23.2.2 Primary Sources

23.3 Disclaimer

Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources