Golf Cart and NEV Market is Expected to Reach US$ 2.8 Billion by 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
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.
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
By Type Analysis
Neighborhood electric vehicle (NEV)
By Regional Analysis
Rest of the World
Reasons to Buy this Report:
1) Obtain the most up to date information available on all golf cart and NEV market
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of golf cart and NEV market data.
4) Assess your competitor’s refining portfolio and its evolution.
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
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