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Golf Cart and Neighborhood Electric Vehicle (NEV) Market 2023 Recent Developments, Segmented Data And Business Operation Data Analysis By 2032 | Bradshaw Electric Vehicles, Dongfeng Electric Vehicles Co. Ltd., Textron Inc., DY Corporation, Yamaha Golf-Car
Golf Cart and Neighborhood Electric Vehicle (NEV) Market
Golf Cart And Neighborhood Electric Vehicle (NEV) Market Size, Growth Rate, And Forecast
The global golf cart and neighborhood electric vehicle market size is expected to grow from $4.02 billion in 2022 to $4.45 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global golf cart and neighborhood electric vehicle market size is expected to reach $6.26 billion in 2027 at a CAGR of 8.9%.
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Golf Cart And Neighborhood Electric Vehicle (NEV) Market Drivers
The increasing government initiatives to adopt zero-emission vehicles are expected to propel the growth of the golf cart and neighborhood electric vehicle (NEV) market going forward. A zero-pollution vehicle is a mode of transportation that produces no hazardous emissions while it is in operation. Developed countries such as the United Kingdom are introducing new initiatives to reduce CO2 emissions and encouraging zero-emission vehicles.
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Golf Cart And Neighborhood Electric Vehicle (NEV) Market Segments
• By Type: Neighborhood Electric Vehicle (NEV), Golf Cart
• By Engine: Gas Powered Engines, Electric-Powered Engines
• By Application: Golf Courses, Private Clubs, Commercial, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Golf Cart And Neighborhood Electric Vehicle (NEV) market.
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Golf Cart And Neighborhood Electric Vehicle (NEV) Market Key Players
Major competitors in the Golf Cart And Neighborhood Electric Vehicle (NEV) market include Bradshaw Electric Vehicles, Dongfeng Electric Vehicles Co. Ltd., Textron Inc., DY Corporation, Yamaha Golf-Car, Polaris Inc., Volmac Electric Vehicles LLP, Marshell Green Power Co. Ltd., Club Car LLC
The Business Research Company's "Global Golf Cart And Neighborhood Electric Vehicle (NEV) Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Golf Cart And Neighborhood Electric Vehicle (NEV) Market Include:
1. Executive Summary
2. Golf Cart And Neighborhood Electric Vehicle (NEV) Market Characteristics
3. Golf Cart And Neighborhood Electric Vehicle (NEV) Market Trends And Strategies
4. Golf Cart And Neighborhood Electric Vehicle (NEV) Market - Macro Economic Scenario
5. Golf Cart And Neighborhood Electric Vehicle (NEV) Market Size And Growth
………
28. Key Mergers And Acquisitions In The Golf Cart And Neighborhood Electric Vehicle (NEV) Market
29. Golf Cart And Neighborhood Electric Vehicle (NEV) Market Future Outlook and Potential Analysis
30. Appendix
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