Golf Cart and NEV Market Expected To Be Worth US$ 2.80 Billion By 2020

Golf cart is electric vehicles and it needs only this fuel for working. It contributes as the major factor of lack of pollutants, safety and lack of noise. The exceeding number is raising the need for electric-vehicles and electric powered golf worldwide. Golf carts are the friendly and energy- saving reason for the user. The estimated research shows the globally the use of these products is taking hikes drastically in the market. A report on the product describes the new market opportunities and also about the important driving as well as restraint factors of the golf cart and NEV market. It studies the regional and global demands in the market types of the golf cart and NEV market also highlights the reasons responsible for the variation in the growth of these things in certain regions.

It is estimated that internationally the golf cart and NEV market will rise by US$ 2.80 billion will rise at a CAGR at a greater value between the year from 2014-2020.

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Key Players of the Golf Cart and NEV market

The report also discusses the company profiles of important companies operating in the global of Golf cart and NEV market. Some of the significant players are Textron Inc, Ingersoll Rand Corp., Yamaha Golf Company, Dongyang Mechatronics Corp., and Bradshaw Electric vehicles, and Dongfeng Vehicles Co. Ltd. In the company profile, you will get a summary section and the financial summary, business strategy, and planning, SWOT analysis.

Demand of the golf cart and NEV market in the International Market

In the year of 2015, the utility of the golf cart increased drastically. It is expected to reach a valuation of cost about the US $ 2.80 billion by the end of 2020. The factors increasing the demands are growing switching charge from gas powered golf carts into electric ones. Secondly, there is an increase in the electric items because of its safety purpose. Although restraining factor cannot be ignored this includes the reducing speed of the golf industry and need of infrastructure.

Segmentation of the Golf cart and NEV Market

The Golf cart and NEV market are well segmented. It is divided on the engines, regional and on types. In the segmentation of engine, come powered engines and electric powered engines. The market is segmented by types like golf carts and neighbourhood electric vehicle (NEV). The division of regional segmentation is on the basis of geographic a condition which covers the region such as North America, Latin America, Middle East, Africa, Europe, and Asia Pacific. The subdivision is one revenue basis includes the U.S, Canada, U.K., China, Japan, Germany, India, and Brazil.

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The Golf Cart and NEV Market research offers a study of Global and Regional Markets

The report includes a comprehensive study of the various factors affecting the market. This comprises the identification of new market opportunities and targeted promotional plans. It has a discussion of research to develop new products. A report also highlights the new market opportunities and also driving as well as restraint factors of the golf cart and NEV market.

Table of Contents

1 INTRODUCTION
2 Executive Summary
3 Market overview
3.1 Introduction
3.2 Global golf culture
3.3 Golf carts vs. NEV
3.4 Market dynamics
3.4.1 Market Drivers
3.4.1.1 Growing demand for electric vehicles worldwide
3.4.1.2 Increased switching rates from gas powered golf carts to electric golf carts
3.4.1.3 Environmental regulations in various countries/states
3.4.2 Market Restraints
3.4.2.1 Slow down of the golf industry
3.4.2.2 Lack of infrastructure
3.4.3 Market opportunities
3.4.3.1 The rejuvenation of the golf industry in North America
3.4.3.2 Technological Advancement
3.5 Value Chain Analysis
3.5.1 Raw material suppliers
3.5.2 Tier 2 suppliers
3.5.3 Tier 1 suppliers
3.5.4 Original Equipment Manufacturers (OEMs)
3.5.5 Dealers
3.5.6 End Users
3.6 Golf Cart and NEV Market – Porter’s Five Forces Analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat from substitute
3.6.4 Threat of new entrants
3.6.5 Competitive rivalry
3.7 Market share by key players
4 Global Golf Cart Market Analysis, by Engine
5 Global Golf Cart and NEV Market Analysis, by Type
6 Global Golf Cart and NEV Market Analysis and Forecast, by Geography
7 Company Profiles
7.1 Textron Inc.
7.2 Ingersoll Rand Crop
7.3 Yamaha Golf Car Company
7.4 Dongfeng Electric Vehicle Co Ltd
7.5 Polaris Industries Inc.
7.6 Dongyang Mechatronics Corp.
7.7 citEcar Electric Vehicle
7.8 E-Way Golf Cars
7.9 Bradshaw Electric Vehicles
7.10 Garia A.S

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