Rising awareness of Golf Cart And Nev and industrialization are key factors expected to drive the global market by 2028.
PUNE, MAHARASHTRA, INDIA, October 26, 2022 /EINPresswire.com/ — Global Golf Cart and NEV Market Size to reach USD XX Million by 2027. Rising number of golf courses and country clubs globally and growing preference for electric vehicles are key factors expected to drive the growth of the global market.
Market Size: USD 4551.7 million in 2021, Market Growth: at a CAGR of 2.88%, Market Trends: Growing consumer demand for short-haul travel.
The global golf cart and NEV market size was valued at 4551.7 million in 2021 and is expected to register a revenue CAGR of 2.88% during the forecast period. Key factors such as the rapid expansion of tourism across the world, the growing demand for golf carts and neighborhood electric vehicles (NEVs) for short distances in parks, hotels, airports and teaching, and increasing participation in golf activities are expected to drive the growth of the global market. during the forecast period.
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The primary use of golf carts and the NEV is for transporting heavy golf clubs and equipment. These vehicles are also used to transport people from one place to another, over short distances. The increase in recreational activities, amusement and theme parks and the extensive use of golf carts in educational institutions, campuses and hotels have led to a growing demand for rugged and rugged golf carts and NEVs. High quality. Manufacturers are investing heavily in developing and manufacturing lightweight, compact vehicles that can be used for golf courses and short-distance travel. Also, the growing awareness of pollution and strict emission laws by the government has led to a growing adoption of electric golf carts.
However, the high cost and maintenance of golf carts and NEVs, lack of safety features in a few core cart models, and low adoption of golf carts and NEVs due to budget constraints are expected to limit overall growth. market at a certain limit during the forecast period. .
Tourist Attraction Segment to Record Quick Revenue CAGR:
The tourist attractions segment is expected to register a rapid revenue CAGR between 2022 and 2027. entertainment in tourist locations, and to the growing number of responsive projects, theme parks and amusement centers around the world.
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Multi-seat golf cart segment to account for the largest revenue share:
The multi-seat golf cart segment is expected to account for the largest share of global market revenue throughout the forecast period. This can be attributed to factors such as the increase in tourism around the world, the increase in demand for recreational activities, the strong preference for multi-seat golf carts to transport more people at a time and the focus on improving existing models.
Asia-Pacific will record rapid revenue CAGR:
The Asia-Pacific market revenue is expected to increase at a rapid CAGR during the forecast period owing to rapid urbanization, increasing golf participation in the region, increasing number of golf courses golf, the high demand for golf carts and NEVs to travel short distances on campus, airports, and the growing preference for electric vehicles due to growing environmental concerns.
Golf Cart and NEV Market by Company:
• Bradshaw Electric Vehicles
• Dongfeng Motor Group Ltd.
• Textron Inc.
• citEcar electric vehicles
• DY Corporation
• Ingersoll-Rand plc.
• Yamaha Motor Co. Ltd.
• Polaris Industries Inc.
• Yamaha Motor Co. Ltd.
• Garia A/S
• Club Car, LLC
• Star Electric Cars (JH Global Services, Inc.)
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The global golf cart and NEV market has been segmented on the basis of type, application and region:
Golf Carts and NEV Market Segment By Type:
• Single seat golf cart
• Walk tracking golf cart
• Multi-seat golf cart
• Entertainment type golf cart
Golf Carts and NEV Market Segment By Application:
• Golf lessons
• Tourist attraction
Golf Cart and NEV Market by Region:
• North America
o United States
o United Kingdom
• Asia Pacific
o South Korea
• Latin America
• Middle East and Africa
o Saudi Arabia
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Chapter 1: Market definition, introduction, current and emerging market trends, market driving force, restraints, challenges and opportunities.
Chapter 2: Basic information about the global golf cart and NEV market.
Chapter 3: Impact of COVID-19 outbreak on overall market dynamics. Pre-COVID and post-COVID analysis.
Chapter 4: Details about the major manufacturers of the Global Golf Cart And Nev Market including full Player Profile, Competitive Landscape, Peer Group Analysis and BCG Matrix.
Chapter 5: Golf Cart and NEV Market Factor Analysis, Porter’s Five Forces Analysis, Supply/Value Chain, PESTLE Model, Market Entropy and Patent Analysis.
Chapter 6: Detailed overview of market segments, regional analysis by sales, revenue and price.
Purpose of the report:
• To analyze and forecast the global Golf Cart and NEV market size by value and volume.
• Estimate market size, share, revenue CAGR.
• To analyze and study the micro markets in terms of Golf Cart and NEV Market contributions, their individual trends and growth prospects.
• Accurate insights into useful details about the factors driving and affecting the growth of the Golf Carts and NEVs Market.
• Comprehensive overview and profiles of key players, including business strategies such as research and development investments, collaborations, partnerships, mergers and acquisitions, product launches and joint ventures.
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