Golf Cart and Neighborhood Electric Vehicle (NEV) Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global golf cart and neighborhood electric vehicle (NEV) market is anticipated to grow at a CAGR of 10.5% during the forecast period (2022-2028). Neighborhood electric vehicle (NEV) is more or less like a golf cart. It operates on an electric battery that has a maximum speed of 40 km/h. The maximum weight of this vehicle was 1361 kg. Permissions are now given to ride  neighborhood electric vehicles on public roads. These vehicles are for a  quick ride around a short distance which can be used for some necessary work that is to be done at some short distance. The main purpose can be a family trip to a nearby beach and in town. Yamaha manufactures gold cart vehicles which are operated on the electric battery. Two-seater variants of this vehicle are available in the market. This variant from Yamaha has the largest occupant space of any golf car. Automotive steel frames are installed in this car which are further coated with an epoxy-based coating. Its control system has been built with a genius2 PDA intelligent diagnostic system. Bumpers that are installed in the vehicle have a 5mph energy-absorbing system. 

Golf Cart and Neighborhood Electric Vehicle (NEV) Market Segmentation:

By Propulsion Type 

• Gas Powered Engine
• Electric Powered

By Type

• Golf Cart
• Neighbourhood Electric Vehicle (NEV)

Competitive Landscape- Textron Inc., Garia A/S, and Yamaha Motor Corp. Ltd., among others.

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key questions answered in this report:

• What is the size of the Golf Cart and Neighborhood Electric Vehicle (NEV) market and what is its expected growth rate?
• What are the primary driving factors that push the Golf Cart and Neighborhood Electric Vehicle (NEV) Market forward?
• What are the Golf Cart and Neighborhood Electric Vehicle (NEV) Industry’s top companies?
• What are the different categories that the Golf Cart and Neighborhood Electric Vehicle (NEV) Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Golf Cart and Neighborhood Electric Vehicle (NEV) Market sample report and company profiles?