Global Golf Cart and NEV Market Analysis, Trends and Insights 2019- 2024
Summary - A new market study, titled “Global Golf Cart and NEV Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 ” has been featured on WiseGuyReports.
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.
Scope
of the Report:
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.
The worldwide market for Golf Cart and NEV is expected to grow at a CAGR of
roughly 3.3% over the next five years, will reach 5440 million US$ in 2024,
from 4470 million US$ in 2019, according to a new GIR (Global Info Research)
study.
This report focuses on the Golf Cart and NEV in global market, especially in
North America, Europe and Asia-Pacific, South America, Middle East and Africa.
This report categorizes the market based on manufacturers, regions, type and
application.
Market
Segment by Manufacturers, this report covers
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
Market
Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market
Segment by Type, covers
Gas Power
Electric Power
others
Market
Segment by Applications, can be divided into
Golf courses
Parks & Tourist Destinations and Hotels
Airports
Residential and commercial premises
Others
The
content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Golf Cart and NEV product scope, market overview, market
opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Golf Cart and NEV, with price,
sales, revenue and global market share of Golf Cart and NEV in 2017 and 2018.
Chapter 3, the Golf Cart and NEV competitive situation, sales, revenue and global
market share of top manufacturers are analyzed emphatically by landscape
contrast.
Chapter 4, the Golf Cart and NEV breakdown data are shown at the regional
level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with
sales, revenue and market share for key countries in the world, from 2014 to
2019.
Chapter 10 and 11, to segment the sales by type and application, with sales
market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Golf Cart and NEV market forecast, by regions, type and
application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Golf Cart and NEV sales channel,
distributors, customers, research findings and conclusion, appendix and data
source
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