Press release
Global Golf Cart and NEV Market to Grow at CAGR of 6.60% from 2014 to 2020 due to Increasing Fuel Prices
A new research report published by Transparency Market Research states that the global golf cart and NEV market is expected to witness an upward movement in the coming years. The report, titled “Golf Cart and NEV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, has been compiled using primary and secondary data and offers a 360-degree view of the market.According to the research report, the global golf cart and NEV market stood at US$1.8 bn in 2013 and is expected to grow at a CAGR of 6.60% from 2014 to 2020 to reach US$2.8 bn by 2020. The significant growth rate of the global golf cart and neighborhood electric vehicles (NEV) market will be largely attributable to the growing demand for electric vehicles for short-distance commutes to be covered at low speed.
The global golf cart and NEV market is segmented on the basis of type, engine, and geography. The two types of units in this market are golf carts and neighborhood electric vehicles (NEV). The engines used for these are gas powered engines and electric powered engines. Geographically, this market is segmented into Asia Pacific, Europe, North America, and Rest of the World.
Free PDF For Full Details with Technological breakthroughs is @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4247
Currently, North America is leading the global golf carts and NEV market and is expected to retain the dominating position all the way through 2020. The growth of this regional market will be due to the flourishing golf industry, increasing fuel prices, and growing interest of the public at large towards unique and environment-friendly technologies. The second largest share in the global golf carts and NEVs market is held collectively by Asia Pacific and Europe. Collectively, these regions hold a share of 40% in the overall market.
Out of the types of engines, the electric powered golf carts and NEV held a share of 50% in the overall market in 2013. This is attributable to the increasing fuel prices in Asia Pacific that is pressurizing consumers to opt for electric powered vehicles. Analysts at Transparency Market Research predict that the trend of high gadget accessibility and customization will propel the demand for electric powered golf carts and NEVs in the coming five years. The market share of gas powered golf carts and NEVs is expected to plummet due to the adverse effects of gas on the environment. This drop will be prominent in developing countries such as Japan, Germany, France, the U.S., and Canada.
Some of the important players in the global golf cart and NEV market are Dongyang Mechatronics Corp., Textron Inc., Yamaha Golf Car Company, Ingersoll Rand Corp., Dongfeng Electric Vehicles Co., Ltd, and Bradshaw Electric Vehicles. The report gives an assessment of the company profile, financial overview, research and development activities, product portfolio, and business and marketing strategies. Through a holistic approach, the research report on the golf cart and NEV market explains the competitive landscape in complete detail.
Browse the full Golf Cart and NEV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/golf-cart-nev-market.html
Global Golf cart and NEV Market: By Types, 2014 - 2020
Golf Carts
Neighborhood Electric Vehicles (NEV)
Global Golf cart and NEV Market: By Engines, 2014 - 2020
Gas powered engines
Electric powered engines
Global Golf cart and NEV Market: By Geography, 2014 - 2020
North America
Europe
Asia Pacific
Rest of the world (RoW)
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Golf Cart and NEV Market to Grow at CAGR of 6.60% from 2014 to 2020 due to Increasing Fuel Prices here
News-ID: 361288 • Views: …
More Releases from TMR Market Research Report
Switchgear Market - Global Industry Analysis, Size, Share, Trends, Analysis, Gro …
Switchgears are the switching devices designed to protect, meter, regulate and control power generation, transmission and distribution equipment and electric motor control systems. Switchgears are located on both the low-voltage and high-voltage side of large power transformers in substations. Switchgear includes circuit breakers, fuses, and isolators.
The overall market for the switchgear is segmented on the basis of the current rating, voltage, insulating medium, construction type, interrupting device, type of current,…
Teleprotection Market - Global Industry Analysis, Market Size, Share, Growth, Tr …
Teleprotection systems prevent failure and damage to systems by disconnecting the faulty part automatically and often remotely. Teleprotection has gained significant traction around utilities and telecom. There is an increased demand for teleprotected grids. Ageing grid infrastructures, improved communication systems and protocols, demand for reducing transmission and distribution losses along others are driving the growth of teleprotection market. Emerging opportunities for teleprotection systems lie in aerospace and defense sector. However,…
Magnetic Sensors Market - Global Industry Analysis, Market Size, Share, Growth, …
Magnetic sensors are the sensors which are mostly used in security purposes. These sensors are often referred to as switches or contacts. They are usually placed on doors, windows or other access points from where they are not visible to others. Magnetic sensors are also used for linear angle and position measurement in automotive, speed, linear position, rotational speed, consumer and industrial applications. Magnetic sensors have applications in various fields…
Barcode Printers Market - Global Industry Analysis, Market Size, Share, Growth, …
A barcode printer is referred as a computer device that is used for printing barcode tags or labels that is attached or printed on the objects. They are usually used to print barcodes on products before shipment or to tag retail items. Barcode printers operate faster compared to other printers and they provide a longer service life. A Barcode printer uses one of the two technologies from direct thermal printer…
More Releases for NEV
NEV (New Energy Vehicle) Taxi Market 2021 | Detailed Report
According to Market Study Report, NEV (New Energy Vehicle) Taxi Market provides a comprehensive analysis of the NEV (New Energy Vehicle) Taxi Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample PDF (including full TOC, Tables and Figures) of NEV (New Energy Vehicle) Taxi Market…
Golf Cart and NEV Market || Worldwide, 2030
The "Golf Cart and NEV Market Analysis to 2030" is a specialized and in-depth study of the Golf Cart and NEV industry with a focus on the Golf Cart and NEV market trend. The report aims to provide an overview of the Golf Cart and NEV market with detailed market segmentation by component, application, end-user, and geography. The Golf Cart and NEV market is expected to witness high growth during…
China NEV Taxi Market to Reach US$560.5 mn
New energy vehicle (NEV) taxis are vehicles that use unconventional fuels as a primary source of power. NEVs may also use conventional fuels with advanced auto propulsion systems. In China, taxis travel around 450 kilometers daily. Considering the distance the taxis travel on a daily basis and the long working hours, the introduction of new energy taxis offers an opportunity to restrict the consumption of fuel and the resultant emission…
New Energy Vehicle (NEV) Taxi Sales Market Detailed Analysis 2018: Short Range N …
Qyresearchreports include new market research report “Global New Energy Vehicle (NEV) Taxi Sales Market Report 2018” to its huge collection of research reports.
Global New Energy Vehicle (NEV) Taxi market competition by top manufacturers/players, with New Energy Vehicle (NEV) Taxi sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including
Anhui Jianghuai Automobile Co Ltd (JAC)
Changan Automobile Co. Ltd
Beijing Automotive Industry Holding Co. Ltd. (BAIC)
Dongfeng…
Golf Cart and Neighborhood Electric Vehicle (NEV) Market - Environmental Benefit …
The largely consolidated vendor landscape of the global golf cart and neighborhood electric vehicle (NEV) market features a high degree of competitive rivalry among top players, reports Transparency Market Research (TMR) in a new market study. In 2013, the key four companies, namely Textron Inc., Polaris Industries, Yamaha Golf Cart Company, and Ingersoll Rand Corp. held a share of 70% in the overall market.
Savvy players in this market are investing…
Golf Cart and Neighborhood Electric Vehicle (NEV) Market: Environmental Benefits …
The largely consolidated vendor landscape of the global Golf Cart And Neighborhood Electric Vehicle (NEV) Market features a high degree of competitive rivalry among top players, reports Transparency Market Research (TMR) in a new market study. In 2013, the key four companies, namely Textron Inc., Polaris Industries, Yamaha Golf Cart Company, and Ingersoll Rand Corp. held a share of 70% in the overall market.
Savvy players in this market are investing…
