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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.
The main threat facing the company is the sturdiness of the competition within the market. The product will not be trying to replace solutions already on the market, however; competing with companies like Yamaha Motor and Club Car could be a real threat for a small startup companies.
In the past few years, as the main raw material price was relatively stable, with the addition of a sharp increase in production capacity, expected that the Golf Cart and NEV raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and employee wages, will play a significant role in promoting the cost of Golf Cart and NEV.
According to this study, over the next five years the Golf Cart and NEV market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 5440 million by 2024, from US$ 4470 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Golf Cart and NEV business, shared in Chapter 3.
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.
This study considers the Golf Cart and NEV value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Gas Power
Electric Power
others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Golf courses
Parks & Tourist Destinations and Hotels
Airports
Residential and commercial premises
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Yamaha Golf Cars
Textron
Columbia Vehicle Group/Tomberlin
Ingersoll Rand
Shenzhen Marshell Green Power
Melex Golf Cars
Garia
Volmac Engineering
Speedways Electric
Dongguan Excellence Golf & Sightseeing Car
Polaris Industries
CitEcar Electric Vehicles
Zhuhai E-Way Electrical Industry
Auto Power
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Golf Cart and NEV consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Golf Cart and NEV market by identifying its various subsegments.
Focuses on the key global Golf Cart and NEV manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Golf Cart and NEV with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Golf Cart and NEV submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
2019-2024 Global Golf Cart and NEV Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Golf Cart and NEV Consumption 2014-2024
2.1.2 Golf Cart and NEV Consumption CAGR by Region
2.2 Golf Cart and NEV Segment by Type
2.2.1 Gas Power
2.2.2 Electric Power
2.2.3 others
2.3 Golf Cart and NEV Consumption by Type
2.3.1 Global Golf Cart and NEV Consumption Market Share by Type (2014-2019)
2.3.2 Global Golf Cart and NEV Revenue and Market Share by Type (2014-2019)
2.3.3 Global Golf Cart and NEV Sale Price by Type (2014-2019)
2.4 Golf Cart and NEV Segment by Application
2.4.1 Golf courses
2.4.2 Parks & Tourist Destinations and Hotels
2.4.3 Airports
2.4.4 Residential and commercial premises
2.4.5 Others
2.5 Golf Cart and NEV Consumption by Application
2.5.1 Global Golf Cart and NEV Consumption Market Share by Application (2014-2019)
2.5.2 Global Golf Cart and NEV Value and Market Share by Application (2014-2019)
2.5.3 Global Golf Cart and NEV Sale Price by Application (2014-2019)
3 Global Golf Cart and NEV by Players
3.1 Global Golf Cart and NEV Sales Market Share by Players
3.1.1 Global Golf Cart and NEV Sales by Players (2017-2019)
3.1.2 Global Golf Cart and NEV Sales Market Share by Players (2017-2019)
3.2 Global Golf Cart and NEV Revenue Market Share by Players
3.2.1 Global Golf Cart and NEV Revenue by Players (2017-2019)
3.2.2 Global Golf Cart and NEV Revenue Market Share by Players (2017-2019)
3.3 Global Golf Cart and NEV Sale Price by Players
3.4 Global Golf Cart and NEV Manufacturing Base Distribution, Sales Area, Product Types by Players
3.4.1 Global Golf Cart and NEV Manufacturing Base Distribution and Sales Area by Players
3.4.2 Players Golf Cart and NEV Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 Golf Cart and NEV by Regions
4.1 Golf Cart and NEV by Regions
4.1.1 Global Golf Cart and NEV Consumption by Regions
4.1.2 Global Golf Cart and NEV Value by Regions
4.2 Americas Golf Cart and NEV Consumption Growth
4.3 APAC Golf Cart and NEV Consumption Growth
4.4 Europe Golf Cart and NEV Consumption Growth
4.5 Middle East & Africa Golf Cart and NEV Consumption Growth
5 Americas
5.1 Americas Golf Cart and NEV Consumption by Countries
5.1.1 Americas Golf Cart and NEV Consumption by Countries (2014-2019)
5.1.2 Americas Golf Cart and NEV Value by Countries (2014-2019)
5.2 Americas Golf Cart and NEV Consumption by Type
5.3 Americas Golf Cart and NEV Consumption by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC Golf Cart and NEV Consumption by Countries
6.1.1 APAC Golf Cart and NEV Consumption by Countries (2014-2019)
6.1.2 APAC Golf Cart and NEV Value by Countries (2014-2019)
6.2 APAC Golf Cart and NEV Consumption by Type
6.3 APAC Golf Cart and NEV Consumption by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe Golf Cart and NEV by Countries
7.1.1 Europe Golf Cart and NEV Consumption by Countries (2014-2019)
7.1.2 Europe Golf Cart and NEV Value by Countries (2014-2019)
7.2 Europe Golf Cart and NEV Consumption by Type
7.3 Europe Golf Cart and NEV Consumption by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
8.1 Middle East & Africa Golf Cart and NEV by Countries
8.1.1 Middle East & Africa Golf Cart and NEV Consumption by Countries (2014-2019)
8.1.2 Middle East & Africa Golf Cart and NEV Value by Countries (2014-2019)
8.2 Middle East & Africa Golf Cart and NEV Consumption by Type
8.3 Middle East & Africa Golf Cart and NEV Consumption by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Marketing, Distributors and Customer
10.1 Sales Channel
10.1.1 Direct Channels
10.1.2 Indirect Channels
10.2 Golf Cart and NEV Distributors
10.3 Golf Cart and NEV Customer
11 Global Golf Cart and NEV Market Forecast
11.1 Global Golf Cart and NEV Consumption Forecast (2019-2024)
11.2 Global Golf Cart and NEV Forecast by Regions
11.2.1 Global Golf Cart and NEV Forecast by Regions (2019-2024)
11.2.2 Global Golf Cart and NEV Value Forecast by Regions (2019-2024)
11.2.3 Americas Consumption Forecast
11.2.4 APAC Consumption Forecast
11.2.5 Europe Consumption Forecast
11.2.6 Middle East & Africa Consumption Forecast
11.3 Americas Forecast by Countries
11.3.1 United States Market Forecast
11.3.2 Canada Market Forecast
11.3.3 Mexico Market Forecast
11.3.4 Brazil Market Forecast
11.4 APAC Forecast by Countries
11.4.1 China Market Forecast
11.4.2 Japan Market Forecast
11.4.3 Korea Market Forecast
11.4.4 Southeast Asia Market Forecast
11.4.5 India Market Forecast
11.4.6 Australia Market Forecast
11.5 Europe Forecast by Countries
11.5.1 Germany Market Forecast
11.5.2 France Market Forecast
11.5.3 UK Market Forecast
11.5.4 Italy Market Forecast
11.5.5 Russia Market Forecast
11.5.6 Spain Market Forecast
11.6 Middle East & Africa Forecast by Countries
11.6.1 Egypt Market Forecast
11.6.2 South Africa Market Forecast
11.6.3 Israel Market Forecast
11.6.4 Turkey Market Forecast
11.6.5 GCC Countries Market Forecast
11.7 Global Golf Cart and NEV Forecast by Type
11.8 Global Golf Cart and NEV Forecast by Application
12 Key Players Analysis
12.1 Yamaha Golf Cars
12.1.1 Company Details
12.1.2 Golf Cart and NEV Product Offered
12.1.3 Yamaha Golf Cars Golf Cart and NEV Sales, Revenue, Price and Gross Margin (2017-2019)
12.1.4 Main Business Overview
12.1.5 Yamaha Golf Cars News
12.2 Textron
12.2.1 Company Details
12.2.2 Golf Cart and NEV Product Offered
12.2.3 Textron Golf Cart and NEV Sales, Revenue, Price and Gross Margin (2017-2019)
12.2.4 Main Business Overview
12.2.5 Textron News
12.3 Columbia Vehicle Group/Tomberlin
12.3.1 Company Details
12.3.2 Golf Cart and NEV Product Offered
12.3.3 Columbia Vehicle Group/Tomberlin Golf Cart and NEV Sales, Revenue, Price and Gross Margin (2017-2019)
12.3.4 Main Business Overview
12.3.5 Columbia Vehicle Group/Tomberlin News
12.4 Ingersoll Rand
12.4.1 Company Details
12.4.2 Golf Cart and NEV Product Offered
12.4.3 Ingersoll Rand Golf Cart and NEV Sales, Revenue, Price and Gross Margin (2017-2019)
12.4.4 Main Business Overview
12.4.5 Ingersoll Rand News
12.5 Shenzhen Marshell Green Power
12.5.1 Company Details
12.5.2 Golf Cart and NEV Product Offered
12.5.3 Shenzhen Marshell Green Power Golf Cart and NEV Sales, Revenue, Price and Gross Margin (2017-2019)
12.5.4 Main Business Overview
12.5.5 Shenzhen Marshell Green Power News
12.6 Melex Golf Cars
12.6.1 Company Details
12.6.2 Golf Cart and NEV Product Offered
12.6.3 Melex Golf Cars Golf Cart and NEV Sales, Revenue, Price and Gross Margin (2017-2019)
12.6.4 Main Business Overview
12.6.5 Melex Golf Cars News
12.7 Garia
12.7.1 Company Details
12.7.2 Golf Cart and NEV Product Offered
12.7.3 Garia Golf Cart and NEV Sales, Revenue, Price and Gross Margin (2017-2019)
12.7.4 Main Business Overview
12.7.5 Garia News
12.8 Volmac Engineering
12.8.1 Company Details
12.8.2 Golf Cart and NEV Product Offered
12.8.3 Volmac Engineering Golf Cart and NEV Sales, Revenue, Price and Gross Margin (2017-2019)
12.8.4 Main Business Overview
12.8.5 Volmac Engineering News
12.9 Speedways Electric
12.9.1 Company Details
12.9.2 Golf Cart and NEV Product Offered
12.9.3 Speedways Electric Golf Cart and NEV Sales, Revenue, Price and Gross Margin (2017-2019)
12.9.4 Main Business Overview
12.9.5 Speedways Electric News
12.10 Dongguan Excellence Golf & Sightseeing Car
12.10.1 Company Details
12.10.2 Golf Cart and NEV Product Offered
12.10.3 Dongguan Excellence Golf & Sightseeing Car Golf Cart and NEV Sales, Revenue, Price and Gross Margin (2017-2019)
12.10.4 Main Business Overview
12.10.5 Dongguan Excellence Golf & Sightseeing Car News
12.11 Polaris Industries
12.12 CitEcar Electric Vehicles
12.13 Zhuhai E-Way Electrical Industry
12.14 Auto Power
13 Research Findings and Conclusion
List of Tables and Figures
Figure Picture of Golf Cart and NEV
Table Product Specifications of Golf Cart and NEV
Figure Golf Cart and NEV Report Years Considered
Figure M
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