According to a market report by Lucintel, the future of the global golf cart and neighborhood electric vehicle market looks promising with opportunities in the neighborhood electric vehicle and golf cart markets. The global golf cart and neighborhood electric vehicle market is expected to reach an estimated $6.8 billion by 2030 from $3.8 billion in 2024, at a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are the growing popularity of short-distance travel in parks and hotels, increasing consumer demand for long-term sustainable automobiles free of pollution, as well as, rapid conversion of golf carts from gas to electric power.
A more than 150-page report to understand trends, opportunity and forecast in golf cart and neighborhood electric vehicle market to 2030 by propulsion (gas powered engine and electric powered), type (neighborhood electric vehicle and golf cart), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the propulsion category, electric powered is expected to witness the higher growth over the forecast period because of the rising global gasoline prices have encouraged people to choose electric automobiles.
In terms of regions, North America will remain the largest region over the forecast period due to the presence of a significant number of golf courses, the trend and support for golf, and the existence of major manufacturers of golf carts and other vehicles in the region.
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Bradshaw Electric Vehicles, Dongfeng Motor Group, E-Way Golf Cars and Garia, Textron, DY, Ingersoll-Rand, Yamaha Motor, Polaris Industries, Yamaha Motor, Garia are the major suppliers in the golf cart and neighborhood electric vehicle market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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