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Golf Cart and Neighborhood Electric Vehicle (NEV) Market

Golf Cart and Neighborhood Electric Vehicle (NEV) Market (Propulsion Type; and Type: Golf Cart and Neighborhood Electric Vehicle [NEV]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Golf Cart and Neighborhood Electric Vehicle (NEV) Market Outlook 2031

  • The global golf cart and neighborhood electric vehicle (NEV) market was valued over US$ 3.8 Bn in 2020
  • It is estimated to expand at a CAGR of 10.80% from 2021 to 2031
  • The global golf cart and neighborhood electric vehicle (NEV) market is expected to reach the value of US$ 11.8 Bn by the end of 2031

Analysts’ Viewpoint on Golf Cart and Neighborhood Electric Vehicle (NEV) Market Scenario

The reopening of colleges, institutes, and malls is anticipated to boost the growth of the golf cart and neighborhood electric vehicle (NEV) market amid the ongoing coronavirus crisis. Leading companies are investing heavily in R&D for newer vehicles that will help them outshine their competitors. However, the high initial cost of golf carts and NEVs are challenging the market’s growth. Hence, companies should increase awareness about advantages such as fuel efficiency to educate customers about the inexpensive total cost of ownership. Participants in the market should unlock revenue opportunities in tourism, hospitality, and educational institutes to diversify their revenue streams. At the forefront of the market for golf cart and NEV is the rising demand for electric vehicles, as they are fuel-free and environment-friendly over gas-powered vehicles.

Cost Efficiency of Electric-power Engine Preferred in Golf Carts and NEVs

In the previous years, majority of the revenue was held by golf carts in the global golf cart and neighborhood electric vehicle (NEV) market. Going forward, this sector is anticipated to increase its market share over the forecast period. The rising number of golfers, along with surge in disposable income in developed as well as developing countries, which is encouraging consumers to spend substantially on bulky electrical equipment, is driving the demand for golf carts.

In terms of engine, gas powered engine and electric powered engine are the two key segments that divide the global golf cart and neighborhood electric vehicle (NEV) market in this report. Among engines, electric powered engine held the leading revenue share of the overall market. This is mainly due to the low maintenance cost of electric powered golf carts and neighborhood electric vehicles (NEVs). On the contrary, the segment of gas-powered engine is anticipated to lose its market share during the forecast period. Moreover, the increasing fuel prices worldwide is leading consumers to switch to electric powered vehicles, which, in turn, is having a positive impact on the electric-powered engine segment.

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Reopening of Recreational Facilities to Revive Market Growth During COVID-19 Crisis

Due to the ongoing COVID-19 pandemic situation, the global golf cart and neighborhood electric vehicle (NEV) market, is estimated to observe slowed down growth. There has been an emergence of new strains of coronavirus called NeoCoV and Omicron, where the former is linked to high death rate. This new strain has infected countless people across the globe and has compelled governments to impose fresh lockdowns, thereby adversely affecting businesses worldwide. Nevertheless, companies are analyzing their high-risk clients and customers where recovery of debt may be an issue. Even though new variants are affecting business activities, reopening of resorts and other recreational facilities worldwide is anticipated to revive market growth.

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Golf Courses and Tourism Hold Potentials for Market Growth in North America

The global golf cart and neighborhood electric vehicle (NEV) market, by region, has been segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South America. Of them, North America is anticipated to hold the leading market share during the forecast period. This can be attributed to the presence of a large number of golf courses, presence of some top-notch industry players, and relatively faster adoption of electric vehicles in the region. Furthermore, the emerging trend of including NEVs in the tourism sector is adding a new dimension to the growth of this regional market.

Asia Pacific is anticipated to display robust growth accounting for a considerable market share until the end of the forecast period.

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Growing Awareness about NEVs Benefits Both Automakers and Users

The rising demand for travel over short distances in parks, hotels, and otherwise is likely to support the growth of the market. In addition, it is also utilized in small campuses and security patrols, which are likely to foster development of the global golf cart and neighborhood electric vehicle (NEV) market in the near future.

In many of developing countries, rise in the disposable income often leads to augmented spending on various bulky electrical appliances, such as music systems, air conditioners, and refrigerators. Deliveries of such bulky products often demand use of neighborhood electric vehicles. Moreover, NEVs are gaining prominence for commuting within the town and in tourism sector as well. Such wide scope of application is likely to bolster expansion of the golf cart and neighborhood electric vehicle market in the forthcoming years.

Golf Cart and Neighborhood Electric Vehicle (NEV) Market: Overview

  • A golf cart is considered as a small car which helps the golfers to carry themselves and their golf equipment across the golf course. This cart are either IC engine vehicle or electric or hybrid electric vehicles. Moreover, a neighborhood electric vehicle (NEV) is totally battery operated vehicle, which can travel at a max speed of around 25 mph and it can carry maximum load of around 1,361 kgs.
  • The golf cart and neighborhood vehicle manufacturers are designing and developing lightweight and compact size vehicles, as it can used for cross street and golf course travels. Moreover, the demand for small size electric golf cart is rising due to increasing pollution and rising emission laws of the government to opt for EVs across the globe, leads to drive the growth of the golf cart and neighborhood electric vehicle (NEV) market. In addition, neighborhood electric vehicles are equipped with seat belts, headlights, reflectors, brake lights, and others, which enhance its adoption in the residential market and further contributes in the market growth.

Drivers of Golf Cart and Neighborhood Electric Vehicle (NEV) Market

  • The golf cart and neighborhood electric vehicles does not required any fuel, as these vehicles are battery operated, environment friendly and has huge advantages over fuel operated vehicles including less maintenance cost, smooth performance and high efficiency when compared with conventional IC engine vehicles. Therefore, the demand for golf cart and neighborhood electric vehicle is rising across developed economies.
  • Governments across the globe are providing several benefits and incentives the electric vehicle manufacturers and consumers for adoption of electric vehicles for different industrial and commercial activities, which is anticipated to propel the growth of the golf cart and neighborhood electric vehicle (NEV) market during forecast period. Moreover, the benefits offered the governments for EV adoption are, in the U.S., all the electric and plug-in hybrid electric vehicles are eligible for up to US$ 7,500 federal income tax credits, depending upon the capacity of the battery power. In the U.K., government offers around US$ 3,000 for adoption of electric vehicles in category 1, 2 and 3. However, rising incentives by the government across the globe is expected to boost the market growth.
  • Rising per capita income of consumers in developed and developing countries such as the U.S., Canada, Germany, the U.K., France, China and others, leads to increase disposable income and purchasing power of the consumers. As the consumers are adopting compact and easily available solution for their daily commute and the demand for golf is rising in the upper class consumers, which is expected to boost the growth of the global golf cart and neighborhood electric vehicle (NEV) market.

Challenges for Golf Cart and Neighborhood Electric Vehicle (NEV) Market

  • The initial cost of neighborhood electric vehicles and golf cart is relatively high, as it requires installation of high power batteries, and other features. Moreover, the charging stations required for residential and commercial electric vehicles requires high investment cost due to less development in the electric vehicles market. Therefore, this rising initial cost of EV golf cart hampers the growth of the golf carts and NEV market.
  • Moreover, due to onset of the COVID-19 pandemic, the sales and production of IC engine and electric vehicles has reduced due to imposed of lockdown across the globe. Apart from this, due to disruption of supply chain and distribution channels, there was shortage of raw material supply for manufacturing of electric and other vehicles, which further hampered growth of the golf cart and neighborhood electric vehicle (NEV) market.

Golf Cart and Neighborhood Electric Vehicle (NEV) Market Segmentation

  • The global golf cart and neighborhood electric vehicle (NEV) market has been segmented based on propulsion, type, and region
  • Based on propulsion, the gas powered engine segment dominated the global golf cart and neighborhood electric vehicle (NEV) market, in terms of revenue, in 2020 and it is expected that electric powered engine will witness fastest growth during the forecast period. Currently, adoption of gas powered engine is more as compared to electric vehicles which is increasing the share of fuel enabled vehicles. Moreover, increasing fuel prices across the globe has enabled the consumers to opt for electric vehicles and further boost the market growth.
  • Based on type, the golf cart segment dominated the global golf cart and neighborhood electric vehicle (NEV) market, in terms of revenue, in 2020 and it is expected to witness a fastest growth during the forecast period. Moreover, the golf demand across the developed countries is rising which is increasing the demand for golf carts. Further, increasing disposable income is also encouraging the growth of the golf cart segment.

Golf Cart and Neighborhood Electric Vehicle (NEV) Market: Regional Analysis

  • Based on region, the global golf cart and neighborhood electric vehicle (NEV) market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
  • North America holds a prominent share of the global golf cart and neighborhood electric vehicle (NEV) market in 2020, due presence of golf courses in large number, trend and support for golf sport and presence of major manufacturers for golf carts and other vehicles. Moreover, the U.S. also witnessed fastest adoption of electric vehicles as compared to other countries, due to shifting consumer preferences towards the use of clean and environment friendly energy sources, which further propels the demand of electric golf carts. In addition, for tourism industry in the North America, demand for neighborhood electric vehicles is rising due to its added benefits, which also contributes in the market growth.

Golf Cart and Neighborhood Electric Vehicle (NEV) Market: Competition Landscape

  • Key players operating in the global golf cart and neighborhood electric vehicle (NEV) market include
    • Bradshaw Electric Vehicles
    • Dongfeng Motor Group Ltd.
    • E-Way Golf Cars and Garia A/S
    • Textron Inc.
    • citEcar Electric Vehicles
    • DY Corporation
    • Ingersoll-Rand plc.
    • Yamaha Motor Co. Ltd.
    • Polaris Industries Inc.
    • Yamaha Motor Co. Ltd.
    • Garia A/S
    • Club Car, LLC
    • Star Electric Cars (JH Global Services, Inc.)
    • Others
  • Major players that are operating in global golf cart and neighborhood electric vehicle (NEV) market are focusing on expansion of their market share by engaging in collaborations, partnerships, and by mergers & acquisition. For instance, the golf cart and NEV’s two classification including private transportation vehicle (PTV) and low-speed vehicles has become street legal, which enables the manufacturers to design the vehicles as per the regulations.

Golf Cart and Neighborhood Electric Vehicle (NEV) Market Snapshot

Attribute

Detail

Market Revenue in 2020

US$ 3,818.1 Mn

Market Revenue in 2020

US$ 11,797.36 Mn

Growth Rate (CAGR)

10.8% (Year to Year)

Forecast Period

2021-2031

Quantitative Units

US$ Mn for Revenue and Million Units for Volume

Research Scope

The report covers regional and global golf cart and neighborhood electric vehicle (NEV) market revenue and volume, along with key factors influencing the market.

Report Coverage

Executive Summary, Market Overview, Global Market, Regional Market, and Competition Landscape

Format

Electronic (PDF)

Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Countries Covered
  • U. S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • East Europe
  • Rest of Europe
  • China
  • India
  • Japan
  • South Korea
  • ASEAN Countries
  • Rest of APAC
  • GCC Countries
  • Turkey
  • South Africa
  • Rest of Middle East & Africa
  • Brazil
  • Mexico
  • Rest of Latin America

Market Segmentation
  • Propulsion
    • Gas Powered Engine
    • Electric Powered
  • Type
    • Neighborhood Electric Vehicle (NEV)
    • Golf Cart

Companies Profiled
  • Bradshaw Electric Vehicles
  • Dongfeng Motor Group Ltd.
  • E-Way Golf Cars and Garia A/S
  • Textron Inc.
  • citEcar Electric Vehicles
  • DY Corporation
  • Ingersoll-Rand plc.
  • Yamaha Motor Co. Ltd.
  • Polaris Industries Inc.
  • Yamaha Motor Co. Ltd.
  • Garia A/S
  • Club Car, LLC
  • Star Electric Cars (JH Global Services, Inc.)

Customization Scope

Available upon Request

Pricing

Available upon Request

Golf Cart and Neighborhood Electric Vehicle (NEV) Market – Segmentation

This report on the golf cart and neighborhood electric vehicle (NEV) market provides information on the basis of propulsion, type, and region.

Propulsion
  • Gas Powered Engine
  • Electric Powered
Type
  • Neighborhood Electric Vehicle (NEV)
  • Golf Cart
Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

This study also discusses the underlying trends and impact of various factors that are driving the golf cart and neighborhood electric vehicle (NEV) market, along with their influence on the evolution of the market.

This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the golf cart and neighborhood electric vehicle (NEV) market, in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.

    1. Executive Summary: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market

        1.1. Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) and Value (US$ Mn), 2017‒2031

    2. Market Overview

        2.1. Introduction

        2.2. Market Dynamics

            2.2.1. Drivers

            2.2.2. Restraints

            2.2.3. Opportunity

        2.3. Market Factor Analysis

            2.3.1. Porter’s Five Force Analysis

            2.3.2. Value Chain Analysis

                2.3.2.1. List of Key Manufacturers

                2.3.2.2. List of Customers

                2.3.2.3. Level of Integration

            2.3.3. SWOT Analysis

        2.4. Regulatory Scenario

        2.5. Key Industry Development

        2.6. Key Industry Trends

        2.7. COVID-19 Impact Analysis

    3. Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Analysis and Forecast, by Propulsion

        3.1. Definition

        3.2. Market Snapshot

        3.3. Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Propulsion, 2017‒2031

            3.3.1. Gas Powered Engine

            3.3.2. Electric Powered

    4. Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Analysis and Forecast, by Type

        4.1. Definition

        4.2. Market Snapshot

        4.3. Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Type, 2017‒2031

            4.3.1. Neighborhood Electric Vehicle (NEV)

            4.3.2. Golf Cart

    5. Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Analysis and Forecast, by Region

        5.1. Market Snapshot

        5.2. Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Region, 2017‒2031

            5.2.1. North America

            5.2.2. Europe

            5.2.3. Asia Pacific

            5.2.4. Middle East & Africa

            5.2.5. South America

    6. North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, 2017‒2031

        6.1. Market Snapshot

        6.2. North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Propulsion

            6.2.1. Gas Powered Engine

            6.2.2. Electric Powered

        6.3. North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Type

            6.3.1. Neighborhood Electric Vehicle (NEV)

            6.3.2. Golf Cart

        6.4. North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Country

            6.4.1. U.S.

            6.4.2. Canada

            6.4.3. Mexico

    7. Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, 2017‒2031

        7.1. Market Snapshot

        7.2. Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Propulsion

            7.2.1. Gas Powered Engine

            7.2.2. Electric Powered

        7.3. Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Type

            7.3.1. Neighborhood Electric Vehicle (NEV)

            7.3.2. Golf Cart

        7.4. Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Country and Sub-region

            7.4.1. Germany

            7.4.2. U.K.

            7.4.3. France

            7.4.4. Italy

            7.4.5. Spain

            7.4.6. Nordic Countries

            7.4.7. Russia & CIS

            7.4.8. Rest of Europe

    8. Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, 2017‒2031

        8.1. Market Snapshot

        8.2. Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Propulsion

            8.2.1. Gas Powered Engine

            8.2.2. Electric Powered

        8.3. Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Type

            8.3.1. Neighborhood Electric Vehicle (NEV)

            8.3.2. Golf Cart

        8.4. Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Country and Sub-region

            8.4.1. China

            8.4.2. India

            8.4.3. Japan

            8.4.4. South Korea

            8.4.5. ASEAN

            8.4.6. ANZ

            8.4.7. Rest of Asia Pacific

    9. Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, 2017‒2031

        9.1. Market Snapshot

        9.2. Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Propulsion

            9.2.1. Gas Powered Engine

            9.2.2. Electric Powered

        9.3. Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Type

            9.3.1. Neighborhood Electric Vehicle (NEV)

            9.3.2. Golf Cart

        9.4. Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Country and Sub-region

            9.4.1. GCC

            9.4.2. Turkey

            9.4.3. South Africa

            9.4.4. Rest of Middle East & Africa

    10. South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, 2017‒2031

        10.1. Market Snapshot

        10.2. South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Propulsion

            10.2.1. Gas Powered Engine

            10.2.2. Electric Powered

        10.3. South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Type

            10.3.1. Neighborhood Electric Vehicle (NEV)

            10.3.2. Golf Cart

        10.4. South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) & Value (US$ Mn) Forecast, by Country and Sub-region

            10.4.1. Brazil

            10.4.2. Argentina

            10.4.3. Rest of South America

    11. Competition Landscape

        11.1. Market Analysis By Company (2020)

        11.2. Market Player – Competition Matrix (By Tier and Size of companies)

        11.3. Key Market Players (Details – Overview, Recent Developments, Strategy)

            11.3.1. Bradshaw Electric Vehicles

                11.3.1.1. Overview

                11.3.1.2. Recent Developments

                11.3.1.3. Strategy

            11.3.2. Dongfeng Motor Group Ltd.

                11.3.2.1. Overview

                11.3.2.2. Recent Developments

                11.3.2.3. Strategy

            11.3.3. E-Way Golf Cars and Garia A/S

                11.3.3.1. Overview

                11.3.3.2. Recent Developments

                11.3.3.3. Strategy

            11.3.4. Textron Inc.

                11.3.4.1. Overview

                11.3.4.2. Recent Developments

                11.3.4.3. Strategy

            11.3.5. citEcar Electric Vehicles

                11.3.5.1. Overview

                11.3.5.2. Recent Developments

                11.3.5.3. Strategy

            11.3.6. DY Corporation

                11.3.6.1. Overview

                11.3.6.2. Recent Developments

                11.3.6.3. Strategy

            11.3.7. Ingersoll-Rand plc.

                11.3.7.1. Overview

                11.3.7.2. Recent Developments

                11.3.7.3. Strategy

            11.3.8. Yamaha Motor Co. Ltd.

                11.3.8.1. Overview

                11.3.8.2. Recent Developments

                11.3.8.3. Strategy

            11.3.9. Polaris Industries Inc.

                11.3.9.1. Overview

                11.3.9.2. Recent Developments

                11.3.9.3. Strategy

            11.3.10. Garia A/S

                11.3.10.1. Overview

                11.3.10.2. Recent Developments

                11.3.10.3. Strategy

            11.3.11. Club Car, LLC

                11.3.11.1. Overview

                11.3.11.2. Recent Developments

                11.3.11.3. Strategy

            11.3.12. Star Electric Cars (JH Global Services, Inc.)

                11.3.12.1. Overview

                11.3.12.2. Recent Developments

                11.3.12.3. Strategy

            11.3.13. Others

    List of Tables

    Table 1: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Propulsion, 2017‒2031

    Table 2: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Propulsion, 2017‒2031

    Table 3: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Type, 2017‒2031

    Table 4: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Type, 2017‒2031

    Table 5: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Region, 2017‒2031

    Table 6: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Region, 2017‒2031

    Table 7: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Propulsion, 2017‒2031

    Table 8: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Propulsion, 2017‒2031

    Table 9: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Type, 2017‒2031

    Table 10: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Type, 2017‒2031

    Table 11: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Country, 2017‒2031

    Table 12: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Country, 2017‒2031

    Table 13: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Propulsion, 2017‒2031

    Table 14: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Propulsion, 2017‒2031

    Table 15: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Type, 2017‒2031

    Table 16: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Type, 2017‒2031

    Table 17: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

    Table 18: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

    Table 19: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Propulsion, 2017‒2031

    Table 20: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Propulsion, 2017‒2031

    Table 21: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Type, 2017‒2031

    Table 22: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Type, 2017‒2031

    Table 23: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

    Table 24: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

    Table 25: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Propulsion, 2017‒2031

    Table 26: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Propulsion, 2017‒2031

    Table 27: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Type, 2017‒2031

    Table 28: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Type, 2017‒2031

    Table 29: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

    Table 30: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

    Table 31: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Propulsion, 2017‒2031

    Table 32: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Propulsion, 2017‒2031

    Table 33: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Type, 2017‒2031

    Table 34: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Type, 2017‒2031

    Table 35: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

    Table 36: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

    List of Figures

    Figure 1: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Propulsion, 2017‒2031

    Figure 2: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Propulsion, 2021‒2031

    Figure 3: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Type, 2017‒2031

    Figure 4: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Type, 2021‒2031

    Figure 5: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection by Region, 2017‒2031

    Figure 6: Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Region, 2021‒2031

    Figure 7: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Propulsion, 2017‒2031

    Figure 8: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Propulsion, 2021‒2031

    Figure 9: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Type, 2017‒2031

    Figure 10: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Type, 2021‒2031

    Figure 11: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection by Country, 2017‒2031

    Figure 12: North America Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Country, 2021‒2031

    Figure 13: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Propulsion, 2017‒2031

    Figure 14: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Propulsion, 2021‒2031

    Figure 15: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Type, 2017‒2031

    Figure 16: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Type, 2021‒2031

    Figure 17: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection by Country and Sub-region, 2017‒2031

    Figure 18: Europe Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Country and Sub-region, 2021-2031

    Figure 19: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Propulsion, 2017‒2031

    Figure 20: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Propulsion, 2021‒2031

    Figure 21: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Type, 2017‒2031

    Figure 22: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Type, 2021‒2031

    Figure 23: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Country and Sub-region, 2017‒2031

    Figure 24: Asia Pacific Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Country and Sub-region, 2021-2301

    Figure 25: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Propulsion, 2017‒2031

    Figure 26: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Propulsion, 2021‒2031

    Figure 27: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Type, 2017‒2031

    Figure 28: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Type,2021-2031

    Figure 29: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection by Country and Sub-region, 2017‒2031

    Figure 30: Middle East & Africa Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Country and Sub-region 2021‒2031

    Figure 31: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Propulsion, 2017‒2031

    Figure 32: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Propulsion, 2021‒2031

    Figure 33: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection, by Type, 2017‒2031

    Figure 34: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Type, 2021‒2031

    Figure 35: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market Value (US$ Mn) Projection by Country and Sub-region, 2017‒2031

    Figure 36: South America Golf Cart and Neighborhood Electric Vehicle (NEV) Market, US$ Mn, Incremental Opportunity, by Country and Sub-region 2021‒2031

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Golf Cart and Neighborhood Electric Vehicle (NEV) Market

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