Global Golf Cart and Neighborhood Electric Vehicle Market: Snapshot

The high competitive rivalry in the global golf cart and neighborhood electric vehicle (NEV) market has led key players to focus on innovation. Leading companies are investing heavily in R&D for newer vehicles that will help them outshine their competitors. Key companies in the golf cart and NEV market are also formulating new marketing strategies and advertising campaigns to augment their customer base.

At the forefront of driving the global market for golf cart and NEV is rising demand for electric vehicles as they are fuel-free and are environment-friendly over gas-powered vehicles. The other advantages of electric vehicles include smooth performance and less maintenance in comparison to traditional internal combustion engine vehicles.

However, the high initial cost of golf carts and NEVs and recent economic depression in North America which is a leading consumer of electric vehicles is challenging the market’s growth.

A report by Transparency Market Research (TMR) forecasts the global golf cart and neighborhood electric vehicle market to rise at a CAGR of 6.4% for the forecast period from 2017 to 2025. At this pace, the market will touch a valuation of US$3,819.2 mn by 2025-end.

Global Golf Cart and NEV Market Revenue.jpg

Government-led Initiatives to Reduce Vehicular Pollution Favors Growth of Electric Powered Engine Segment

On the basis of type, the segments into which the global golf cart and NEV market is divided are golf cart and neighborhood electric vehicle. Of the two, in 2016, the majority of the revenue was held by golf carts. Going forward, the segment is anticipated to increase its market share over the forecast period. The rising number of golfers along with the rising disposable income in developed as well as developing countries, which is encouraging consumers to spend substantially on bulky electrical equipment, is driving the demand for golf carts for delivery purposes.

On the other hand, increasing application areas for NEVs, such as for tourism and town commute services are expected to drive the NEV segment in the forthcoming years.

In terms of engine, gas powered engine and electric powered engine are the two key segments that divides the global golf cart and NEV market in this report. In 2016, among the engine segment electric powered engine held the leading revenue share in the overall market. This is mainly because of low maintenance cost of electric powered golf carts and NEVs. On the contrary, the segment of gas-powered engine is anticipated to lose its market share over the forecast period. Moreover, the increasing fuel prices worldwide is leading consumers to switch to electric powered vehicles, which in turn is having a positive bearing on electric-powered engine segment.

Home to Topnotch Industry Players Makes North America Dominant

The global golf cart and NEV market, by geography, has been segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and South America. Of them, North America is anticipated to hold the leading market share over the forecast period between 2017 and 2025. This is mainly because of the presence of large number of golf courses, the presence of some topnotch industry players, and relatively faster adoption of electric vehicles in the region. Further, the emerging trend of including NEVs in the tourism sector is adding a new dimension to the growth of this regional market.

Asia Pacific is anticipated to display robust growth accounting for a considerable market share until the end of 2025. Together with Europe, Asia Pacific is predicted to hold almost one-third revenue of the global golf cart and neighborhood electric vehicle market in 2017.

Some of the key companies that operate in the global golf cart and neighborhood electric vehicle market are Bradshaw Electric Vehicles, Dongfeng Motor Group Ltd., E-Way Golf Cars and Garia A/S, Textron Inc., citEcar Electric Vehicles, DY Corporation, Ingersoll-Rand plc, Yamaha Motor Co. Ltd., and Polaris Industries Inc.

Demand for Pollution-free Vehicles to Drive Golf Cart and Neighborhood Electric Vehicle (NEV) Market

Increasing demand for pollution-free and sustainable vehicles is likely to shape the contours of the global golf cart and neighborhood electric vehicle (NEV) market in the near future. As such, the demand for electric vehicles, including golf carts and neighborhood electric vehicles, is expected to rise in the near future. In comparison with gas powered vehicles, electric vehicles come with several benefits, such as environment-friendliness and energy efficiency. It is able to cover short distances at a low speed. In addition, in comparison with conventional vehicles electric vehicles need less maintenance and offers smooth performance. All these benefits are likely to support development of the global golf cart and neighborhood electric vehicle (NEV) market in the near future.

In many of the developing countries, a rise in the disposable income often leads to augmented spending on various bulky electrical appliances, such as music systems, air conditioners, and refrigerators. Deliveries of such bulky products often demand use of neighborhood electric vehicle (NEV). In addition to that, NEV also find its application expanded into commuting within the tow and in tourism sector as well. Such wide acope of application is likely to bolster expansion of the global golf cart and neighborhood electric vehicle (NEV) market in the forthcoming years.

High Demand from Various End Users to Boost Demand in the Market

Rising demand for travel over short distances in parks, hotels and short distances is likely to support growth of the market. In addition to that, it is also utilized in small campuses, security patrols and security patrols, which are likely to foster development of the global golf cart and neighborhood electric vehicle (NEV) market in the near future.

The ongoing pandemic situation, the global golf cart and neighborhood electric vehicle (NEV) market, is estimated to observe slowed down growth. There has been an emergence of new strain of coronavirus, called B.1.1.7., which is more infectious than the original strain. This new strain has infected countless people across the globe and has compelled governments to impose fresh lockdowns, thereby adversely affecting businesses worldwide.

Global Golf Cart and Neighborhood Electric Vehicle Market: Overview

The report on the global Golf Cart and Neighborhood Electric Vehicle (NEV) market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global Golf Cart and Neighborhood Electric Vehicle (NEV) market growth during the said period. Technologies that are playing a major role in driving the global Golf Cart and Neighborhood Electric Vehicle (NEV) market have also been covered in the study. The study provides a comprehensive analysis on market growth throughout the above mentioned forecast period in terms of revenue estimates (In US$ Mn) and volume estimates (In Thousand Units) across different geographies.

Golf carts are the gas powered or electric engine powered low speed vehicles used to commute in the golf courses and local vicinities. NEVs are the electric engine powered vehicles used for short distance commuting. Golf cart and NEVs utilize high end digital technology for providing better performance and efficiency with reduced pollution effects. These vehicles have multiple applications across various industries globally.

The report also describes key developments in the Golf Cart and Neighborhood Electric Vehicle (NEV) market. Porter Five Force analysis and financials are included in the report. The report also covers segment wise comparison matrix, market attractiveness analysis and market share analysis for all regions covered in the scope of study.

Comparison matrix includes segment growth matrix, 2015 - 2025 (%), segment value share contribution, 2015 - 2025 (%), and segment compounded growth matrix (CAGR %). Market attractiveness identifies and compares segments on the basis of CAGR and market share index.

Global Golf Cart and Neighborhood Electric Vehicle Market: Market Segmentation

The Golf Cart and Neighborhood Electric Vehicle (NEV) market has been segmented on the basis of engine, type and geography. Based on engine, the market has been divided Gas Powered Engine and Electric Powered Engine. On the basis of type, the global Golf Cart and Neighborhood Electric Vehicle (NEV) market has been divided into Neighborhood Electric Vehicle (NEV) and Golf Cart. Electric Powered Engine and Golf Cart are expected to hold a major share of the market in their respective segments.

Geographically, the report classifies the global Golf Cart and Neighborhood Electric Vehicle (NEV) market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of market revenue. Furthermore, region wise prominent countries covered in the report include the following - the U.S, Canada, Germany, France, the U.K., China, India, Japan, Gulf Cooperation Council (GCC), South Africa and Brazil.

Global Golf Cart and Neighborhood Electric Vehicle Market: Competitive Dynamics

The competition landscape section in the report includes competition matrix, market share analysis of major players in the global Golf Cart and Neighborhood Electric Vehicle (NEV) market based on their projected value share, and business profiling of major players. The competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to a company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments with respect to the leading players.

Major players in the Golf Cart and Neighborhood Electric Vehicle (NEV) market include Bradshaw Electric Vehicles, citEcar Electric Vehicles, Dongfeng Motor Group Co., Ltd., DY Corporation, E-Way Golf Cars and Garia A/S, Ingersoll-Rand plc. Other prominent market players include Polaris Industries Inc., Textron Inc. and Yamaha Motor Co., Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

The global Golf Cart and Neighborhood Electric Vehicle (NEV) market is segmented as below:

By Engine

  • Gas Powered Engine
  •  Electric Powered Engine

By Type

  • Neighborhood Electric Vehicle (NEV)
  •  Golf Cart

By Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • China
    • Japan
    • Rest of APAC
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

1. Preface
     1.1. Market Definition and Scope
     1.2. Market Segmentation
     1.3. Key Research Objectives
     1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Golf Cart and NEV Market 

4. Market Overview
     4.1. Introduction
     4.2. Market Dynamics
            4.2.1. Drivers
            4.2.2. Restraints
            4.2.3. Opportunity
     4.3. Key Trends
     4.4. Golf Cart and NEV Market Analysis and Forecasts, 2015 – 2025
            4.4.1. Market Revenue Projections (US$ Mn)
            4.4.2. Market Volume Projections (In Thousand Units)
     4.5. Porter’s Five Forces Analysis
     4.6. Value Chain Analysis
     4.7. Market Outlook

5. Golf Cart and NEV Market Analysis and Forecasts, By Engine
     5.1. Overview & Definition
     5.2. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Engine, 2015 – 2025
            5.2.1. Gas powered engine
            5.2.2. Electric powered engine
     5.3. Engine Comparison Matrix
     5.4. Market Attractiveness By Engine

6. Golf Cart and NEV Market Analysis and Forecasts, By Type
     6.1. Overview & Definition
     6.2. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Type, 2015 – 2025
            6.2.1. Neighborhood Electric Vehicle (NEV)
            6.2.2. Golf Cart
     6.3. Type Comparison Matrix
     6.4. Market Attractiveness By Type

7. Golf Cart and NEV Market Analysis and Forecasts, By Region
     7.1. Key Findings
     7.2. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Region, 2015 – 2025
            7.2.1. North America
            7.2.2. Europe
            7.2.3. Asia Pacific
            7.2.4. Middle East and Africa
            7.2.5. South America
     7.3. Market Attractiveness By Region

8. North America Golf Cart and NEV Market Analysis and Forecasts
     8.1. Key Findings
     8.2. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Engine, 2015 – 2025
            8.2.1. Gas powered engine
            8.2.2. Electric powered engine
     8.3. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Type, 2015 – 2025
            8.3.1. Neighborhood Electric Vehicle (NEV)
            8.3.2. Golf Cart
     8.4. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Country, 2015 – 2025
            8.4.1. U.S.
            8.4.2. Canada
            8.4.3. Rest of North America
     8.5. U.S. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            8.5.1. By Engine
            8.5.2. By Type
     8.6. Canada Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            8.6.1. By Engine
            8.6.2. By Type
     8.7. Rest of North America Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            8.7.1. By Engine
            8.7.2. By Type
     8.8. Market Attractiveness Analysis
            8.8.1. By Engine
            8.8.2. By Type
            8.8.3. By Country

9. Europe Golf Cart and NEV Market Analysis and Forecasts
     9.1. Key Findings
     9.2. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Engine, 2015 – 2025
            9.2.1. Gas powered engine
            9.2.2. Electric powered engine
     9.3. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Type, 2015 – 2025
            9.3.1. Neighborhood Electric Vehicle (NEV)
            9.3.2. Golf Cart
     9.4. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Country, 2015 – 2025
            9.4.1. U.K.
            9.4.2. Germany
            9.4.3. France
            9.4.4. Rest of Europe
     9.5. U.K. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            9.5.1. By Engine
            9.5.2. By Type
     9.6. Germany Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            9.6.1. By Engine
            9.6.2. By Type
     9.7. France Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            9.7.1. By Engine
            9.7.2. By Type
     9.8. Rest of Europe Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            9.8.1. By Engine
            9.8.2. By Type
     9.9. Market Attractiveness Analysis
            9.9.1. By Engine
            9.9.2. By Type
            9.9.3. By Country

10. Asia Pacific Golf Cart and NEV Market Analysis and Forecasts
     10.1. Key Findings
     10.2. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Engine, 2015 – 2025
            10.2.1. Gas powered engine
            10.2.2. Electric powered engine
     10.3. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Type, 2015 – 2025
            10.3.1. Neighborhood Electric Vehicle (NEV)
            10.3.2. Golf Cart
     10.4. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Country, 2015 – 2025
            10.4.1. India
            10.4.2. China
            10.4.3. Japan
            10.4.4. Rest of Asia Pacific
     10.5. India Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            10.5.1. By Engine
            10.5.2. By Type
     10.6. China Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            10.6.1. By Engine
            10.6.2. By Type
     10.7. Japan Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            10.7.1. By Engine
            10.7.2. By Type
     10.8. Rest of Asia Pacific Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            10.8.1. By Engine
            10.8.2. By Type
     10.9. Market Attractiveness Analysis
            10.9.1. By Engine
            10.9.2. By Type
            10.9.3. By Country

11. Middle East and Africa Golf Cart and NEV Market Analysis and Forecasts
     11.1. Key Findings
     11.2. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Engine, 2015 – 2025
            11.2.1. Gas powered engine
            11.2.2. Electric powered engine
     11.3. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Type, 2015 – 2025
            11.3.1. Neighborhood Electric Vehicle (NEV)
            11.3.2. Golf Cart
     11.4. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Country, 2015 – 2025
            11.4.1. GCC Countries
            11.4.2. South Africa
            11.4.3. Rest of Middle East and Africa
     11.5. GCC Countries Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            11.5.1. By Engine
            11.5.2. By Type
     11.6. South Africa Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            11.6.1. By Engine
            11.6.2. By Type
     11.7. Rest of Middle East and Africa Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            11.7.1. By Engine
            11.7.2. By Type
     11.8. Market Attractiveness Analysis
            11.8.1. By Engine
            11.8.2. By Type
            11.8.3. By Country

12. South America Golf Cart and NEV Market Analysis and Forecasts
     12.1. Key Findings
     12.2. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Engine, 2015 – 2025
            12.2.1. Gas powered engine
            12.2.2. Electric powered engine
     12.3. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Type, 2015 – 2025
            12.3.1. Neighborhood Electric Vehicle (NEV)
            12.3.2. Golf Cart
     12.4. Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units) Forecast By Country, 2015 – 2025
            12.4.1. Brazil
            12.4.2. Rest of South America
     12.5. Brazil Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            12.5.1. By Engine
            12.5.2. By Type
     12.6. Rest of South America Golf Cart and NEV Market Size and Volume (US$ Mn and Thousand Units)
            12.6.1. By Engine
            12.6.2. By Type
     12.7. Market Attractiveness Analysis
            12.7.1. By Engine
            12.7.2. By Type
            12.7.3. By Country

13. Competition Landscape
     13.1. Market Player – Competition Matrix (By Tier and Size of companies)
     13.2. Market Share Analysis By Company (2016)
     13.3. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy, SWOT Analysis)
            13.3.1. Bradshaw Electric Vehicles
                      13.3.1.1. Overview
                      13.3.1.2. Financials
                      13.3.1.3. Units in thousands
                      13.3.1.4. Strategy
                      13.3.1.5. SWOT
            13.3.2. citEcar Electric Vehicles
                      13.3.2.1. Overview
                      13.3.2.2. Financials
                      13.3.2.3. Units in thousands
                      13.3.2.4. Strategy
                      13.3.2.5. SWOT
            13.3.3. Dongfeng Motor Group Co., Ltd. 
                      13.3.3.1. Overview
                      13.3.3.2. Financials
                      13.3.3.3. Units in thousands
                      13.3.3.4. Strategy
                      13.3.3.5. SWOT
            13.3.4. DY Corporation 
                      13.3.4.1. Overview
                      13.3.4.2. Financials
                      13.3.4.3. Units in thousands
                      13.3.4.4. Strategy
                      13.3.4.5. SWOT
            13.3.5. E-Way Golf Cars 
                      13.3.5.1. Overview
                      13.3.5.2. Financials
                      13.3.5.3. Units in thousands
                      13.3.5.4. Strategy
                      13.3.5.5. SWOT
            13.3.6. Garia A/S 
                      13.3.6.1. Overview
                      13.3.6.2. Financials
                      13.3.6.3. Units in thousands
                      13.3.6.4. Strategy
                      13.3.6.5. SWOT
            13.3.7. Global Electric Motorcars (GEM)
                      13.3.7.1. Overview
                      13.3.7.2. Financials
                      13.3.7.3. Units in thousands
                      13.3.7.4. Strategy
                      13.3.7.5. SWOT
            13.3.8. Ingersoll-Rand plc 
                      13.3.8.1. Overview
                      13.3.8.2. Financials
                      13.3.8.3. Units in thousands
                      13.3.8.4. Strategy
                      13.3.8.5. SWOT
            13.3.9. Polaris Industries Inc. 
                      13.3.9.1. Overview
                      13.3.9.2. Financials
                      13.3.9.3. Units in thousands
                      13.3.9.4. Strategy
                      13.3.9.5. SWOT
            13.3.10. Textron Inc. 
                      13.3.10.1. Overview
                      13.3.10.2. Financials
                      13.3.10.3. Units in thousands
                      13.3.10.4. Strategy
                      13.3.10.5. SWOT
            13.3.11. Yamaha Motor Co., Ltd. 
                      13.3.11.1. Overview
                      13.3.11.2. Financials
                      13.3.11.3. Units in thousands
                      13.3.11.4. Strategy
                      13.3.11.5. SWOT

14. Key Takeaways Table of Contents

List of Tables

Table 1: Global Golf Cart and NEV Market Size Forecast, By Engine, 2015 – 2025 (US$ Mn)
Table 2: Global Golf Cart and NEV Market Volume Forecast, By Engine, 2015 – 2025 (In Thousand Units)
Table 3: Global Golf Cart and NEV Market Value Share Analysis, By Engine
Table 4: Global Golf Cart and NEV Market Size Forecast, By Type, 2015 – 2025 (US$ Mn)
Table 5: Global Golf Cart and NEV Market Volume Forecast, By Type, 2015 – 2025 (In Thousand Units)
Table 6: Global Golf Cart and NEV Market Value Share Analysis, By Type
Table 7: Global Golf Cart and NEV Market Size (US$ Mn) Forecast, By Region, 2015 – 2025
Table 8: Global Golf Cart and NEV Market Volume (In Thousand Units) Forecast, By Region, 2015 – 2025
Table 9: North America Golf Cart and NEV Market Size Forecast, By Engine, 2015 – 2025 (US$ Mn)
Table 10: North America Golf Cart and NEV Market Volume Forecast, By Engine, 2015 – 2025 (In Thousand Units)
Table 11: North America Golf Cart and NEV Market Value Share Analysis, By Engine
Table 12: North America Golf Cart and NEV Market Size Forecast, By Type, 2015 – 2025 (US$ Mn)
Table 13: North America Golf Cart and NEV Market Volume Forecast, By Type, 2015 – 2025 (In Thousand Units)
Table 14: North America Golf Cart and NEV Market Value Share Analysis, By Type
Table 15: North America Golf Cart and NEV Market Size Forecast, By Country, 2015–2025 (US$ Mn)
Table 16: North America Golf Cart and NEV Market Volume Forecast, By Country, 2015–2025 (In Thousand Units)
Table 17: U.S. Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 18: U.S. Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 19: Canada Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 20: Canada Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 21: Rest of North America Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 22: Rest of North America Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 23: North America Golf Cart and NEV Market Value Share Analysis, By Country
Table 24: Europe Golf Cart and NEV Market Size Forecast, By Engine, 2015 – 2025 (US$ Mn)
Table 25: Europe Golf Cart and NEV Market Volume Forecast, By Engine, 2015 – 2025 (In Thousand Units)
Table 26: Europe Golf Cart and NEV Market Value Share Analysis, By Engine
Table 27: Europe Golf Cart and NEV Market Size Forecast, By Type, 2015 – 2025 (US$ Mn)
Table 28: Europe Golf Cart and NEV Market Volume Forecast, By Type, 2015 – 2025 (In Thousand Units)
Table 29: Europe Golf Cart and NEV Market Value Share Analysis, By Type
Table 30: Europe Golf Cart and NEV Market Size Forecast, By Country, 2015–2025 (US$ Mn)
Table 31: Europe Golf Cart and NEV Market Volume Forecast, By Country, 2015–2025 (In Thousand Units)
Table 32: U.K. Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 33: U.K. Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 34: Germany Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 35: Germany Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 36: France Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 37: France Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 38: Rest of Europe Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 39: Rest of Europe Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 40: Europe Golf Cart and NEV Market Value Share Analysis, By Country
Table 41: Asia Pacific Golf Cart and NEV Market Size Forecast, By Engine, 2015 – 2025 (US$ Mn)
Table 42: Asia Pacific Golf Cart and NEV Market Volume Forecast, By Engine, 2015 – 2025 (In Thousand Units)
Table 43: Asia Pacific Golf Cart and NEV Market Value Share Analysis, By Engine
Table 44: Asia Pacific Golf Cart and NEV Market Size Forecast, By Type, 2015 – 2025 (US$ Mn)
Table 45: Asia Pacific Golf Cart and NEV Market Volume Forecast, By Type, 2015 – 2025 (In Thousand Units)
Table 46: Asia Pacific Golf Cart and NEV Market Value Share Analysis, By Type
Table 47: Asia Pacific Golf Cart and NEV Market Size Forecast, By Country, 2015–2025 (US$ Mn)
Table 48: Asia Pacific Golf Cart and NEV Market Volume Forecast, By Country, 2015–2025 (In Thousand Units)
Table 49: India Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 50: India Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 51: China Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 52: China Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 53: Japan Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 54: Japan Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 55: Rest of Asia Pacific Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 56: Rest of Asia Pacific Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 57: Asia Pacific Golf Cart and NEV Market Value Share Analysis, By Country
Table 58: Middle East and Africa Golf Cart and NEV Market Size Forecast, By Engine, 2015 – 2025 (US$ Mn)
Table 59: Middle East and Africa Golf Cart and NEV Market Volume Forecast, By Engine, 2015 – 2025 (In Thousand Units)
Table 60: Middle East and Africa Golf Cart and NEV Market Value Share Analysis, By Engine
Table 61: Middle East and Africa Golf Cart and NEV Market Size Forecast, By Type, 2015 – 2025 (US$ Mn)
Table 62: Middle East and Africa Golf Cart and NEV Market Volume Forecast, By Type, 2015 – 2025 (In Thousand Units)
Table 63: Middle East and Africa Golf Cart and NEV Market Value Share Analysis, By Type
Table 64: Middle East and Africa Golf Cart and NEV Market Size Forecast, By Country, 2015–2025 (US$ Mn)
Table 65: Middle East and Africa Golf Cart and NEV Market Volume Forecast, By Country, 2015–2025 (In Thousand Units)
Table 66: GCC Countries Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 67: GCC Countries Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 68: South Africa Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 69: South Africa Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 70: Rest of Middle East and Africa Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 71: Rest of Middle East and Africa Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 72: Middle East and Africa Golf Cart and NEV Market Value Share Analysis, By Country
Table 73: South America Golf Cart and NEV Market Size Forecast, By Engine, 2015 – 2025 (US$ Mn)
Table 74: South America Golf Cart and NEV Market Volume Forecast, By Engine, 2015 – 2025 (In Thousand Units)
Table 75: South America Golf Cart and NEV Market Value Share Analysis, By Engine
Table 76: South America Golf Cart and NEV Market Size Forecast, By Type, 2015 – 2025 (US$ Mn)
Table 77: South America Golf Cart and NEV Market Volume Forecast, By Type, 2015 – 2025 (In Thousand Units)
Table 78: South America Golf Cart and NEV Market Value Share Analysis, By Type
Table 79: South America Golf Cart and NEV Market Size Forecast, By Country, 2015–2025 (US$ Mn)
Table 80: South America Golf Cart and NEV Market Volume Forecast, By Country, 2015–2025 (In Thousand Units)
Table 81: Brazil Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 82: Brazil Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 83: Rest of South America Golf Cart and NEV Market Volume Forecast, By Engine, 2015–2025 (In Thousand Units)
Table 84: Rest of South America Golf Cart and NEV Market Volume Forecast, By Type, 2015–2025 (In Thousand Units)
Table 85: South America Golf Cart and NEV Market Value Share Analysis, By Country

List of Figures

Figure 1: Global Golf Cart and NEV Market
Figure 2: Global Golf Cart and NEV Market Revenue Share, by Region, 2025
Figure 3: Global Golf Cart and NEV Market Revenue Forecast, 2015–2025 (US$ Mn)
Figure 4: Global Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 5: Global Golf Cart and NEV Market Volume Forecast, 2015–2025 (In Thousand Units)
Figure 6: Global Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 7: Porter’s Five Forces Analysis
Figure 8: Value Chain Analysis
Figure 9: Market Revenue Share, By Type (2017)
Figure 10: Market Revenue Share, By Region (2017)
Figure 11: Market Revenue Share, By Engine (2017)
Figure 12: Global Golf Cart and NEV Market Value Share Analysis, By Engine, 2017 and 2025
Figure 13: Golf Cart and NEV Market, By Engine, Gas Powered Engine
Figure 14: Golf Cart and NEV Market, By Engine, Electric Powered Engine 
Figure 15: Golf Cart and NEV Market Comparison Matrix, By Engine
Figure 16: Golf Cart and NEV Market Attractiveness Analysis, By Engine
Figure 17: Global Golf Cart and NEV Market Value Share Analysis, By Type, 2017 and 2025
Figure 18: Golf Cart and NEV Market, By Type, Neighborhood Electric Vehicle (NEV) 
Figure 19: Golf Cart and NEV Market, By Type, Golf Cart
Figure 20: Golf Cart and NEV Market Comparison Matrix, By Type
Figure 21: Golf Cart and NEV Market Attractiveness Analysis, By Type
Figure 22: Golf Cart and NEV Market Analysis, By Region, North America
Figure 23: Golf Cart and NEV Market Analysis, By Region, Europe
Figure 24: Golf Cart and NEV Market Analysis, By Region, Asia Pacific
Figure 25: Golf Cart and NEV Market Analysis, By Region, Middle East and Africa
Figure 26: Golf Cart and NEV Market Analysis, By Region, South America
Figure 27: Golf Cart and NEV Market Attractiveness Analysis, By Region
Figure 28: North America Golf Cart and NEV Market Revenue Forecast, 2015–2025 (US$ Mn)
Figure 29: North America Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 30: North America Golf Cart and NEV Market Volume Forecast, 2015–2025 (In Thousand Units)
Figure 31: North America Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 32: North America Golf Cart and NEV Market Value Share Analysis, By Engine, 2017 and 2025
Figure 33: North America Golf Cart and NEV Market Value Share Analysis, By Type, 2017 and 2025
Figure 34: North America Golf Cart and NEV Market Value Share Analysis, By Country, 2017 and 2025
Figure 35: North America Golf Cart and NEV Market Attractiveness Analysis, By Engine
Figure 36: North America Golf Cart and NEV Market Attractiveness Analysis, By Country
Figure 37: North America Golf Cart and NEV Market Attractiveness Analysis, By Type
Figure 38: Europe Golf Cart and NEV Market Revenue Forecast, 2015–2025 (US$ Mn)
Figure 39: Europe Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 40: Europe Golf Cart and NEV Market Volume Forecast, 2015–2025 (In Thousand Units)
Figure 41: Europe Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 42: Europe Golf Cart and NEV Market Value Share Analysis, By Engine, 2017 and 2025
Figure 43: Europe Golf Cart and NEV Market Value Share Analysis, By Type, 2017 and 2025
Figure 44: Europe Golf Cart and NEV Market Value Share Analysis, By Country, 2017 and 2025
Figure 45: Europe Golf Cart and NEV Market Attractiveness Analysis, By Engine
Figure 46: Europe Golf Cart and NEV Market Attractiveness Analysis, By Country
Figure 47: Europe Golf Cart and NEV Market Attractiveness Analysis, By Type
Figure 48: Asia Pacific Golf Cart and NEV Market Revenue Forecast, 2015–2025 (US$ Mn)
Figure 49: Asia Pacific Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 50: Asia Pacific Golf Cart and NEV Market Volume Forecast, 2015–2025 (In Thousand Units)
Figure 51: Asia Pacific Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 52: Asia Pacific Golf Cart and NEV Market Value Share Analysis, By Engine, 2017 and 2025
Figure 53: Asia Pacific Golf Cart and NEV Market Value Share Analysis, By Type, 2017 and 2025
Figure 54: Asia Pacific Golf Cart and NEV Market Value Share Analysis, By Country, 2017 and 2025
Figure 55: Asia Pacific Golf Cart and NEV Market Attractiveness Analysis, By Engine
Figure 56: Asia Pacific Golf Cart and NEV Market Attractiveness Analysis, By Country
Figure 57: Asia Pacific Golf Cart and NEV Market Attractiveness Analysis, By Type
Figure 58: Middle East and Africa Golf Cart and NEV Market Revenue Forecast, 2015–2025 (US$ Mn)
Figure 59: Middle East and Africa Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 60: Middle East and Africa Golf Cart and NEV Market Volume Forecast, 2015–2025 (In Thousand Units)
Figure 61: Middle East and Africa Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 62: Middle East and Africa Golf Cart and NEV Market Value Share Analysis, By Engine, 2017 and 2025
Figure 63: Middle East and Africa Golf Cart and NEV Market Value Share Analysis, By Type, 2017 and 2025
Figure 64: Middle East and Africa Golf Cart and NEV Market Value Share Analysis, By Country, 2017 and 2025
Figure 65: Middle East and Africa Golf Cart and NEV Market Attractiveness Analysis, By Engine
Figure 66: Middle East and Africa Golf Cart and NEV Market Attractiveness Analysis, By Country
Figure 67: Middle East and Africa Golf Cart and NEV Market Attractiveness Analysis, By Type
Figure 68: South America Golf Cart and NEV Market Revenue Forecast, 2015–2025 (US$ Mn)
Figure 69: South America Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 70: South America Golf Cart and NEV Market Volume Forecast, 2015–2025 (In Thousand Units)
Figure 71: South America Golf Cart and NEV Market Y-o-Y Growth (%), 2016–2025
Figure 72: South America Golf Cart and NEV Market Value Share Analysis, By Engine, 2017 and 2025
Figure 73: South America Golf Cart and NEV Market Value Share Analysis, By Type, 2017 and 2025
Figure 74: South America Golf Cart and NEV Market Value Share Analysis, By Country, 2017 and 2025
Figure 75: South America Golf Cart and NEV Market Attractiveness Analysis, By Engine
Figure 76: South America Golf Cart and NEV Market Attractiveness Analysis, By Country
Figure 77: South America Golf Cart and NEV Market Attractiveness Analysis, By Type

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