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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Fueled by Growing Environmental Concerns, Global Golf Cart

and NEV Market to reach US$2.8 Bn by 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

The rising demand for electric vehicles for short distance and low speed commute is the primary

factor driving the global golf cart and neighborhood electric vehicles (NEV) market, according to

a report published by Transparency Market Research. The report, titled “ Golf Cart and NEV

Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 2020”, indicates that expanding at a 6.6% CAGR from 2014 to 2020, the global golf cart and NEV

market is projected to grow from US$1.79 billion in 2013 to US$2.81 billion by 2020.

Browse The Market Research Report of Golf Cart and NEV

Market : http://www.transparencymarketresearch.com/golf-cart-nev-market.html

The golf cart and NEV market is also driven by government initiatives to curb alarming pollution

levels and encourage citizens to opt for electric vehicles for regular usage. High-tech equipment

adaption in the low speed vehicle segment and rising disposable incomes in developing and

developed countries have also greatly influenced the golf cart and NEV market. However, lack of

proper infrastructure to support golf cart and NEVs and the slump in the golf industry are key

challenges that the market needs to overcome.

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