Press release
From $4.9 Billion to $13.2 Billion : Golf Cart And Neighborhood Electric Vehicle (NEV) Market to Surge by 2033
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/A183842
๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ :
The demand for electric powered golf cart and neighborhood electric vehicle is driven by greenhouse gas emissions and pollution, which are major environmental problems, and electric golf carts and NEVs are in line with these concerns. Consumers and governments alike prioritize sustainability, and electric vehicles are widely preferred over gasoline-powered counterparts. As electric vehicles lower greenhouse gas emissions and improve air quality, electric cars are more desirable to buyers who care about the environment. Many governments worldwide provide regulatory support and incentives to promote the adoption of electric vehicles. These incentives include tax credits, rebates, subsidies, and exemptions from certain taxes or fees. Such supportive policies make electric-powered golf carts and NEVs more affordable and attractive options for consumers, thereby driving market demand and increasing their market share.
Advances in battery technology have significantly improved the performance and range of electric vehicles. Lithium-ion batteries, in particular, offer higher energy density, faster charging times, and longer driving ranges compared to traditional lead-acid batteries. These technological advancements have addressed concerns regarding the limited range of electric vehicles, making them more practical for everyday use and contributing to their higher market share.
The demand for golf cart is on the rise as golf carts are preferred in golf courses, resorts, and recreational facilities. They have a long-standing presence in these environments, where they are widely used for transporting golfers, equipment, and personnel around the premises. The established market presence of golf carts contributes to their higher market share within the NEV market. Golf carts are often designed and customized to meet the specific needs and preferences of golfers and golf course operators. They come in various sizes, configurations, and features tailored to different applications, such as carrying capacity, storage options, and seating arrangements. The ability to customize golf carts according to customer requirements enhances their appeal and market share.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/golf-cart-and-neighborhood-electric-vehicle-nev-market/purchase-options
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค :
North America attained the highest market share for the golf cart and NEV market due to its robust recreational culture, extensive use in retirement communities, supportive regulatory environment, and strong manufacturing base.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ :
In January 2024, WiTricity introduced its wireless charging solution for electric golf cars and NEVs at the Consumer Electronics Show in Las Vegas, Nevada, showcasing its technology through a South Korea-based OEM vehicle equipped with WiTricity's receiver, alongside a Ford Mach-E upgraded with WiTricity's Haloโข Wireless Receiver, demonstrating the versatility and potential of their wireless charging technology across different vehicle types and manufacturers.
In January 2024, SC Carts, a Vernon-based company specializing in luxury low-speed electric vehicles (LSVs) , announced a groundbreaking partnership with the Vernon Golf and Country Club. With this collaboration, SC Carts is expected to work closely with the golf course during the upcoming golf season, offering special events, demonstrations, and promotional offers.
In January 2024, a Vernon-based cart company, SC cart partnered with Vernon Golf and Country Club marking a milestone in the golfing community. This collaboration allows SC Carts to showcase its luxury low-speed electric vehicles (LSVs) directly on the golf course during the upcoming season. As the first and only manufacturer approved by Transport Canada to produce street-legal LSVs in their category, SC Carts leverages this unique position to offer golfers the convenience of driving from their homes to the course and back. This partnership underscores the rise in demand for environmentally friendly transportation solutions within golfing communities and highlights SC Carts' commitment to innovation and convenience in the industry.
In March 2023, Club Car launched CRU, a street-legal lifestyle vehicle, expanding its electric vehicle portfolio into the Neighborhood Electric Vehicles (NEV) category, offering consumers a fun and sustainable option for short trips while disrupting the low-speed vehicle (LSV) market.
In December 2022, Saera Electric Auto launched an exclusive electric golf cart into the Indian market, offering a sustainable and convenient solution for golfers and recreational users. This electric golf cart is designed to provide efficient and eco-friendly transportation on golf courses and other leisure venues, catering to the surge in demand for electric mobility solutions in India. With its launch, Saera Electric Auto aims to enhance the golfing experience while promoting environmental sustainability in the Indian market.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A183842
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Columbia CarPar
Garia
GEM
Ingersoll Rand
Melex Golf Cars
Shenzhen Marshell Green Power
Speedways Electric
Textron
Volmac Engineering
Yamaha Golf Cars
The report provides a detailed analysis of these key players in the global golf cart and neighborhood electric vehicle market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, and agreements to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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๐๐จ๐ง๐ญ๐๐๐ญ :
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๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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