Golf Cart and NEV Market to Cross US$ 2.8 Billion Globally by 2020

New York, March 02: Market Research Engine has published a new report titled as “Global Golf Cart and NEV Market by Service, End User, Size, Share, Geography, Growth, Trends and Forecast 2014 - 2020”

The golf cart and NEV market is expected to exceed more than US$ 2.80 billion by 2020 growing at a CAGR of more than 6% in the given forecast period.

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Electric vehicles work totally on electricity and it does not need other form of fuel for working. The increasing use of electric vehicles by customers will raise requirement for electric vehicles and electric powered golf worldwide. It having environment friendly and energy efficient factor which increase the increase the demand for electric vehicles. Compared to other vehicles electric vehicles require low maintenance cost and are eco friendly. Electric vehicles are used in many applications such as parks, hotels, security patrols, small distance travels and commercial campuses. It having smoother performance and used for short distance travelling with low speed limit.

The major driving factors of golf cart and NEV market are as follows:

Growing switching charge from gas powered golf carts into electric golf carts

Increasing requirement for electric vehicles globally

Ecological policies in different countries and states

The restraints factors of golf cart and NEV market are as follows:

Reduced the speed of golf industry

Need infrastructure

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The golf cart and NEV market is segmented on the lines of its engines, types and regional. Under engines segmentation it covers gas powered engines and electric powered engines. The golf cart and NEV market is segmented on the lines of its type like golf carts and neighborhood electric vehicle (NEV). The golf cart and NEV market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global market for golf cart and NEV and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2020.

3) Identifications of new market opportunities and targeted promotional plans for golf cart and NEV

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Textron Inc., Ingersoll Rand Corp., Yamaha Golf Car Company, Dongfeng Electric Vehicles Co., Ltd, Dongyang Mechatronics Corp. and Bradshaw Electric Vehicles. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Golf cart and NEV Market has been segmented as below:

By Engine Segment Analysis

Gas powered engines
Electric-powered engines

By Type Analysis

Golf Carts
Neighborhood electric vehicle (NEV)

By Regional Analysis

North America
Europe
Asia-Pacific
Rest of the World

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This release was published on openPR.