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Golf Cart and Neighborhood Electric Vehicle (NEV) - Global Market Trajectory & Analytics

  • ID: 5141330
  • Report
  • April 2021
  • Region: Global
  • 278 pages
  • Global Industry Analysts, Inc
Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market to Reach $3.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Golf Cart and Neighborhood Electric Vehicle (NEV) estimated at US$2.6 Billion in the year 2020, is projected to reach a revised size of US$3.6 Billion by 2027, growing at a CAGR of 5.2% over the period 2020-2027. Gas Powered Engine, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electric Powered Engine segment is readjusted to a revised 5.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $693 Million, While China is Forecast to Grow at 7.9% CAGR

The Golf Cart and Neighborhood Electric Vehicle (NEV) market in the U.S. is estimated at US$693 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$743.5 Million by the year 2027 trailing a CAGR of 7.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Select Competitors (Total 47 Featured):
  • Polaris Industries, Inc.
  • Textron Inc.
  • Yamaha Motor Co., Ltd.
  • Dongfeng Motor Group Company Limited
  • DY Corporation
  • Garia A/S
  • Ingersoll-Rand PLC
  • John Bradshaw Limited
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 47
Note: Product cover images may vary from those shown
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