Golf Cart and Nev Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020

Transparency Market Research

Golf Cart and NEV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Published Date 2015-03-30

69 Page Report

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Golf Cart and NEV Market is Expected to Reach USD 2.81 billion in 2020

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Golf Cart and NEV Market

REPORT DESCRIPTION

Golf Cart and NEV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020

Golf carts and NEVs are the low speed vehicles which are used for short distant commuting in the golf courses and vicinities. The major applications of these vehicles are in golf courses, hotels, parks, residential and commercial premises, institutions, tourist destinations and airports among others. These vehicles run on gas powered engines as well as electric powered engines. The electric powered vehicles have more demand globally over the gas powered vehicles as the electric golf carts and NEVs are technologically advanced and can be better customized with respect to the gas powered golf carts and neighborhood vehicles.

The global golf cart and NEV market is expected to witness substantial growth during the forecast period. The increase in demand for electric vehicles due to their eco-friendly features is stimulating the demand for golf carts and NEVs globally. Need for environment friendly vehicles are growing in every region among the common masses. Various governments globally are adopting stringent regulatory guidelines for controlling vehicular pollution. In addition, the rising fuel prices across the world and the growing affinity towards technologically advanced vehicles are also influencing the growth of this market. High disposable income in countries such as the U.S., Canada, the U.K., France, Italy, Germany and Japan is...