Golf Cart and NEV Market

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.

Golf Cart and NEV Market contains market size and forecasts of Golf Cart and NEV in global, including the following market information:

Global Golf Cart and NEV Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Golf Cart and NEV Market Sales, 2017-2022, 2023-2028, (Cars)

Global top five Golf Cart and NEV companies in 2021 (%)

The global Golf Cart and NEV market was valued at 5285.7 million in 2021 and is projected to reach US$ 6656.8 million by 2028, at a CAGR of 3.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Gas Power Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Golf Cart and NEV 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 and Xiamen Dalle Electric Car, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Golf Cart and NEV manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Golf Cart and NEV Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Cars)

Global Golf Cart and NEV Market Segment Percentages, by Type, 2021 (%)

Gas Power

Electric Power

Others

Global Golf Cart and NEV Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Cars)

Global Golf Cart and NEV Market Segment Percentages, by Application, 2021 (%)

Golf courses

Parks, Tourist Destinations and Hotels

Airports

Residential and commercial premises

Others

Global Golf Cart and NEV Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Cars)

Global Golf Cart and NEV Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Golf Cart and NEV revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Golf Cart and NEV revenues share in global market, 2021 (%)

Key companies Golf Cart and NEV sales in global market, 2017-2022 (Estimated), (Cars)

Key companies Golf Cart and NEV sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players 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

American Custom Golf Cars

Bintelli Electric Vehicles

Dongguan Excellence Golf & Sightseeing Car

Speedways Electric