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.
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.
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.
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.
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.
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 |
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Countries Covered |
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Market Segmentation |
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Companies Profiled |
|
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 |
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Type |
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Region |
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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