Golf Cart and Neighborhood Electric Vehicle (NEV) Market, Global Outlook and Forecast 2023-2029

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.
This report aims to provide a comprehensive presentation of the global market for Golf Cart and Neighborhood Electric Vehicle (NEV), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Golf Cart and Neighborhood Electric Vehicle (NEV). This report contains market size and forecasts of Golf Cart and Neighborhood Electric Vehicle (NEV) in global, including the following market information:
Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Golf Cart and Neighborhood Electric Vehicle (NEV) companies in 2022 (%)
The global Golf Cart and Neighborhood Electric Vehicle (NEV) market was valued at US$ 5285.7 million in 2022 and is projected to reach US$ 6486.1 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Golf Cart and NEV market include Yamaha Golf Cars, Textron, Columbia CarPar, etc. The top 3 players occupy about 30% shares of the global market. North America and China are main markets, they occupy about 50% of the global market. Electric Power is the main type, with a share about 70%. Parks, Tourist Destinations and Hotels are the main application, which hold a share about 35%.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Golf Cart and Neighborhood Electric Vehicle (NEV) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Segment Percentages, by Type, 2022 (%)
    Electric Power
    Gas Power
    Others
Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Segment Percentages, by Application, 2022 (%)
    Golf courses
    Parks, Tourist Attraction and Hotels
    Airports
    Residential
    Commercial Premises
    Others
Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Golf Cart and Neighborhood Electric Vehicle (NEV) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Golf Cart and Neighborhood Electric Vehicle (NEV) revenues share in global market, 2022 (%)
Key companies Golf Cart and Neighborhood Electric Vehicle (NEV) sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Golf Cart and Neighborhood Electric Vehicle (NEV) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Yamaha Golf Cars
    Club Car
    Textron (E-Z-Go and Cushman)
    Guangdong Lvtong
    Suzhou Eagle Electric Vehicle
    Garia Inc.
    JH Global Services Inc
    Marshell Green Power
    Xiamen Dalle New Energy Automobile
    American Custom Golf Cars
    Columbia Vehicle Group Inc
    Speedways Electric
    GolfBoard
    Golf Skate Caddy
    Bintelli Electric Vehicles
    citEcar Electric Vehicles
    AGT Electric Cars
    Dongguan Excellence
    Global Electric Motorcars (Waev)
    Star EV
    Columbia
Outline of Major Chapters:
Chapter 1: Introduces the definition of Golf Cart and Neighborhood Electric Vehicle (NEV), market overview.
Chapter 2: Global Golf Cart and Neighborhood Electric Vehicle (NEV) market size in revenue and volume.
Chapter 3: Detailed analysis of Golf Cart and Neighborhood Electric Vehicle (NEV) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Golf Cart and Neighborhood Electric Vehicle (NEV) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Golf Cart and Neighborhood Electric Vehicle (NEV) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.