Global Golf Cart and NEV Market Research Report 2021 Professional Edition
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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
Research Methodology:
Golf Cart and NEV Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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