Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Segments 2024, Forecast To 2033
5 Mar, 2024
The golf cart and neighborhood electric vehicle (NEV) market size has grown strongly, increasing from $4.33 billion in 2023 to $4.76 billion in 2024, with a 9.7% CAGR. This growth is attributed to recreational use, golf course developments, and environmental awareness. In 2028, the market is expected to reach $6.85 billion, maintaining a 9.6% CAGR. Trends include urban mobility solutions, smart city initiatives, economic growth, sustainability, and integration with ride-sharing services.
Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Key Driver
The golf cart and neighborhood electric vehicle (NEV) market is expected to grow due to increasing government initiatives promoting zero-emission vehicles. Zero-emission vehicles are gaining prominence globally, with sales of passenger electric vehicles projected to exceed 10 million units in 2022. Government initiatives and efforts to reduce CO2 emissions are driving the adoption of zero-emission vehicles, contributing to the growth of the golf cart and NEV market.
Get A Free Sample Of The Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market ReportGlobal Golf Cart and Neighborhood Electric Vehicle (NEV) Market Segments
The golf cart and neighborhood electric vehicle (nev) market covered in this report is segmented –
1) By Type: Neighborhood Electric Vehicle (NEV), Golf Cart
2) By Engine: Gas Powered Engines, Electric-Powered Engines
3) By Application: Golf Courses, Private Clubs, Commercial, Other Applications
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the golf cart and neighborhood electric vehicle market in 2023. The regions covered in the golf cart and neighborhood electric vehicle (nev) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Golf Cart and Neighborhood Electric Vehicle (NEV) Industry Players
Bradshaw Electric Vehicles; Dongfeng Electric Vehicles Co. Ltd.; Textron Inc.; DY Corporation; Yamaha Golf-Car Company; Polaris Inc.; Volmac Electric Vehicles LLP; Marshell Green Power Co. Ltd.; Club Car LLC; Bintelli Electric Vehicles; Columbia ParCar Corp.; SpeedwaysElectric; Dongguan Excellence Golf and Sightseeing Car Co. Ltd.; Zhuhai E-Way Electric Industries Co. Ltd.; Autopower; Groupe Renault; Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.; JH Global Services Inc.; Garia Inc.; Xiamen Dalle New Energy Automobile Co. Ltd.; Guangdong Lvtong New Energy Electric Vehicle Technology Co. Ltd.; American Custom Golf Cars Inc.; Tomberlin; STAR EV Corporation; E-Ride Industries; Moto Electric Vehicles; Waev Inc.; Goupil; Melex Sp. z o.o.; ACG Inc.
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AIOps Golf Cart and Neighborhood Electric Vehicle (NEV) Market Overview
A golf cart is a self-propelled vehicle created to move golfers and their gear around a golf course. A neighborhood electric vehicle (NEV) is a battery-powered vehicle capable of operating at a top speed of 25 mph and can carry a maximum load of 3,000 lbs.
Golf Cart and Neighborhood Electric Vehicle (NEV) Global Market Report 2023 provides data on the global golf cart and neighborhood electric vehicle (nev) market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The golf cart and neighborhood electric vehicle (nev) market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.