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Golf Cart and NEV-Global Market Insights and Sales Trends 2025

Golf Cart and NEV-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1827247

No of Pages : 102

Synopsis
Golf Cart and NEV are used by golfers to carry heavy golf clubs and equipment. They are also used for daily commuting needs over short distances. Golf Cart and NEV are usually gasoline-powered or electric, but recently solar-powered Golf Cart and NEV have also been developed. Electric Golf Cart and NEV have more preference among consumers.
Golf Cart and NEV come in a wide range of formats and are more generally used to convey small numbers of passenger short distances at speeds less than 15 mph (24 km/h) per ANSI Standard z130.1 as originally manufactured. They are generally around 4 feet (1.2 m) wide × 8 feet (2.4 m) long × 6 feet (1.8 m) high and weigh 900 pounds (410 kg) to 1,000 pounds (450 kg). Most are powered by 4-stroke engines.
The price of a Golf Cart and NEV can range anywhere from under US$1,000 to well over US$20,000 per cart, depending on several factors. These factors may include whether or not a fleet of carts is being purchased for a golf course or a country club, for example, and whether the carts are new or used. Other factors may include options such as equipment requirements, and how many people the cart is meant to transport. With the rise in popularity of Golf Cart and NEV, many golf clubs or country clubs offer storage and energy options to Golf Cart and NEV owners. This has led to the modification of Golf Cart and NEV to suit use at the particular golf course. Typical modification includes windshields, ball cleaners, cooler trays, upgraded motor or speed controller (to increase speed and/or torque), and lift kits.
Originally Golf Cart and NEV were electrically powered, but in time gasoline-powered variants started to occur. The electric variety is now used in many communities where their lack of pollutants, lack of noise, and safety for pedestrians and other carts (due to slow speeds) are beneficial. When purpose-built for general transportation these are called Neighborhood Electric Vehicles (NEVs), but with various operating limitations such as top speed and heavy regulation on which type of streets these types of carts are permitted to be used. These may resemble the Golf Cart and NEV shown above, although some are now being made with all-weather car-like bodies.

The global Golf Cart and NEV market size is expected to reach US$ 6554.5 million by 2029, growing at a CAGR of 3.5% from 2023 to 2029. The market is mainly driven by the significant applications of Golf Cart and NEV in various end use industries. The expanding demands from the Golf courses, Parks, Tourist Destinations and Hotels, Airports and Residential and commercial premises, are propelling Golf Cart and NEV market. Gas Power, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Electric Power segment is estimated at % CAGR for the next seven-year period.

The major players in global Golf Cart and NEV market include Yamaha Golf Cars, Textron, Columbia CarPar, etc. The top 3 players occupy about 30% shares of the global market. North America and China are main markets, they occupy about 50% of the global market. Electric Power is the main type, with a share about 70%. Parks, Tourist Destinations and Hotels are the main application, which hold a share about 35%.

Report Objectives

This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Golf Cart and NEV, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

Key Features of The Study:

This report provides in-depth analysis of the global Golf Cart and NEV market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.

This report profiles key players in the global Golf Cart and NEV market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Golf Cart and NEV sales data, market share and ranking.

This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

Key companies of Golf Cart and NEV covered in this report include Yamaha Golf Cars, Textron (E-Z-Go and Cushman), Club Car, Columbia Vehicle Group Inc, Suzhou Eagle Electric Vehicle Manufacturing, Garia Inc., Guangdong Lvtong, JH Global Services Inc and Xiamen Dalle Electric Car, etc.

The global Golf Cart and NEV market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Market Segmentation

Company Profiles:

Yamaha Golf Cars

Textron (E-Z-Go and Cushman)

Club Car

Columbia Vehicle Group Inc

Suzhou Eagle Electric Vehicle Manufacturing

Garia Inc.

Guangdong Lvtong

JH Global Services Inc

Xiamen Dalle Electric Car

Marshell Green Power

American Custom Golf Cars

Bintelli Electric Vehicles

Dongguan Excellence Golf & Sightseeing Car

Speedways Electric

Global Golf Cart and NEV market, by region:

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Golf Cart and NEV market, Segment by Type:

Gas Power

Electric Power

Others

Global Golf Cart and NEV market, by Application

Golf courses

Parks, Tourist Destinations and Hotels

Airports

Residential and commercial premises

Others

Core Chapters

Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter Two: Detailed analysis of Golf Cart and NEV manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter Three: Sales, revenue of Golf Cart and NEV in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.

Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter Twelve: Analysis of sales channel, distributors and customers.

Chapter Thirteen: Research Findings and Conclusion.
Index
1 Golf Cart and NEV Market Overview

1.1 Golf Cart and NEV Product Overview

1.2 Golf Cart and NEV Market Segment by Type

1.2.1 Gas Power

1.2.2 Electric Power

1.2.3 Others

1.3 Global Golf Cart and NEV Market Size by Type

1.3.1 Global Golf Cart and NEV Market Size Overview by Type (2018-2029)

1.3.2 Global Golf Cart and NEV Historic Market Size Review by Type (2018-2023)

1.3.3 Global Golf Cart and NEV Forecasted Market Size by Type (2024-2029)

1.4 Key Regions Market Size Segment by Type

1.4.1 North America Golf Cart and NEV Sales Breakdown by Type (2018-2023)

1.4.2 Europe Golf Cart and NEV Sales Breakdown by Type (2018-2023)

1.4.3 Asia-Pacific Golf Cart and NEV Sales Breakdown by Type (2018-2023)

1.4.4 Latin America Golf Cart and NEV Sales Breakdown by Type (2018-2023)

1.4.5 Middle East and Africa Golf Cart and NEV Sales Breakdown by Type (2018-2023)

2 Global Golf Cart and NEV Market Competition by Company

2.1 Global Top Players by Golf Cart and NEV Sales (2018-2023)

2.2 Global Top Players by Golf Cart and NEV Revenue (2018-2023)

2.3 Global Top Players by Golf Cart and NEV Price (2018-2023)

2.4 Global Top Manufacturers Golf Cart and NEV Manufacturing Base Distribution, Sales Area, Product Type

2.5 Golf Cart and NEV Market Competitive Situation and Trends

2.5.1 Golf Cart and NEV Market Concentration Rate (2018-2023)

2.5.2 Global 5 and 10 Largest Manufacturers by Golf Cart and NEV Sales and Revenue in 2022

2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Golf Cart and NEV as of 2022)

2.7 Date of Key Manufacturers Enter into Golf Cart and NEV Market

2.8 Key Manufacturers Golf Cart and NEV Product Offered

2.9 Mergers & Acquisitions, Expansion

3 Golf Cart and NEV Status and Outlook by Region

3.1 Global Golf Cart and NEV Market Size and CAGR by Region: 2018 VS 2022 VS 2029

3.2 Global Golf Cart and NEV Historic Market Size by Region

3.2.1 Global Golf Cart and NEV Sales in Volume by Region (2018-2023)

3.2.2 Global Golf Cart and NEV Sales in Value by Region (2018-2023)

3.2.3 Global Golf Cart and NEV Sales (Volume & Value) Price and Gross Margin (2018-2023)

3.3 Global Golf Cart and NEV Forecasted Market Size by Region

3.3.1 Global Golf Cart and NEV Sales in Volume by Region (2024-2029)

3.3.2 Global Golf Cart and NEV Sales in Value by Region (2024-2029)

3.3.3 Global Golf Cart and NEV Sales (Volume & Value), Price and Gross Margin (2024-2029)

4 Global Golf Cart and NEV by Application

4.1 Golf Cart and NEV Market Segment by Application

4.1.1 Golf courses

4.1.2 Parks, Tourist Destinations and Hotels

4.1.3 Airports

4.1.4 Residential and commercial premises

4.1.5 Others

4.2 Global Golf Cart and NEV Market Size by Application

4.2.1 Global Golf Cart and NEV Market Size Overview by Application (2018-2029)

4.2.2 Global Golf Cart and NEV Historic Market Size Review by Application (2018-2023)

4.2.3 Global Golf Cart and NEV Forecasted Market Size by Application (2024-2029)

4.3 Key Regions Market Size Segment by Application

4.3.1 North America Golf Cart and NEV Sales Breakdown by Application (2018-2023)

4.3.2 Europe Golf Cart and NEV Sales Breakdown by Application (2018-2023)

4.3.3 Asia-Pacific Golf Cart and NEV Sales Breakdown by Application (2018-2023)

4.3.4 Latin America Golf Cart and NEV Sales Breakdown by Application (2018-2023)

4.3.5 Middle East and Africa Golf Cart and NEV Sales Breakdown by Application (2018-2023)

5 North America Golf Cart and NEV by Country

5.1 North America Golf Cart and NEV Historic Market Size by Country

5.1.1 North America Golf Cart and NEV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

5.1.2 North America Golf Cart and NEV Sales in Volume by Country (2018-2023)

5.1.3 North America Golf Cart and NEV Sales in Value by Country (2018-2023)

5.2 North America Golf Cart and NEV Forecasted Market Size by Country

5.2.1 North America Golf Cart and NEV Sales in Volume by Country (2024-2029)

5.2.2 North America Golf Cart and NEV Sales in Value by Country (2024-2029)

6 Europe Golf Cart and NEV by Country

6.1 Europe Golf Cart and NEV Historic Market Size by Country

6.1.1 Europe Golf Cart and NEV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

6.1.2 Europe Golf Cart and NEV Sales in Volume by Country (2018-2023)

6.1.3 Europe Golf Cart and NEV Sales in Value by Country (2018-2023)

6.2 Europe Golf Cart and NEV Forecasted Market Size by Country

6.2.1 Europe Golf Cart and NEV Sales in Volume by Country (2024-2029)

6.2.2 Europe Golf Cart and NEV Sales in Value by Country (2024-2029)

7 Asia-Pacific Golf Cart and NEV by Region

7.1 Asia-Pacific Golf Cart and NEV Historic Market Size by Region

7.1.1 Asia-Pacific Golf Cart and NEV Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029

7.1.2 Asia-Pacific Golf Cart and NEV Sales in Volume by Region (2018-2023)

7.1.3 Asia-Pacific Golf Cart and NEV Sales in Value by Region (2018-2023)

7.2 Asia-Pacific Golf Cart and NEV Forecasted Market Size by Region

7.2.1 Asia-Pacific Golf Cart and NEV Sales in Volume by Region (2024-2029)

7.2.2 Asia-Pacific Golf Cart and NEV Sales in Value by Region (2024-2029)

8 Latin America Golf Cart and NEV by Country

8.1 Latin America Golf Cart and NEV Historic Market Size by Country

8.1.1 Latin America Golf Cart and NEV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

8.1.2 Latin America Golf Cart and NEV Sales in Volume by Country (2018-2023)

8.1.3 Latin America Golf Cart and NEV Sales in Value by Country (2018-2023)

8.2 Latin America Golf Cart and NEV Forecasted Market Size by Country

8.2.1 Latin America Golf Cart and NEV Sales in Volume by Country (2024-2029)

8.2.2 Latin America Golf Cart and NEV Sales in Value by Country (2024-2029)

9 Middle East and Africa Golf Cart and NEV by Country

9.1 Middle East and Africa Golf Cart and NEV Historic Market Size by Country

9.1.1 Middle East and Africa Golf Cart and NEV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

9.1.2 Middle East and Africa Golf Cart and NEV Sales in Volume by Country (2018-2023)

9.1.3 Middle East and Africa Golf Cart and NEV Sales in Value by Country (2018-2023)

9.2 Middle East and Africa Golf Cart and NEV Forecasted Market Size by Country

9.2.1 Middle East and Africa Golf Cart and NEV Sales in Volume by Country (2024-2029)

9.2.2 Middle East and Africa Golf Cart and NEV Sales in Value by Country (2024-2029)

10 Company Profiles

10.1 Yamaha Golf Cars

10.1.1 Yamaha Golf Cars Company Information

10.1.2 Yamaha Golf Cars Introduction and Business Overview

10.1.3 Yamaha Golf Cars Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.1.4 Yamaha Golf Cars Golf Cart and NEV Products Offered

10.1.5 Yamaha Golf Cars Recent Development

10.2 Textron (E-Z-Go and Cushman)

10.2.1 Textron (E-Z-Go and Cushman) Company Information

10.2.2 Textron (E-Z-Go and Cushman) Introduction and Business Overview

10.2.3 Textron (E-Z-Go and Cushman) Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.2.4 Textron (E-Z-Go and Cushman) Golf Cart and NEV Products Offered

10.2.5 Textron (E-Z-Go and Cushman) Recent Development

10.3 Club Car

10.3.1 Club Car Company Information

10.3.2 Club Car Introduction and Business Overview

10.3.3 Club Car Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.3.4 Club Car Golf Cart and NEV Products Offered

10.3.5 Club Car Recent Development

10.4 Columbia Vehicle Group Inc

10.4.1 Columbia Vehicle Group Inc Company Information

10.4.2 Columbia Vehicle Group Inc Introduction and Business Overview

10.4.3 Columbia Vehicle Group Inc Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.4.4 Columbia Vehicle Group Inc Golf Cart and NEV Products Offered

10.4.5 Columbia Vehicle Group Inc Recent Development

10.5 Suzhou Eagle Electric Vehicle Manufacturing

10.5.1 Suzhou Eagle Electric Vehicle Manufacturing Company Information

10.5.2 Suzhou Eagle Electric Vehicle Manufacturing Introduction and Business Overview

10.5.3 Suzhou Eagle Electric Vehicle Manufacturing Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.5.4 Suzhou Eagle Electric Vehicle Manufacturing Golf Cart and NEV Products Offered

10.5.5 Suzhou Eagle Electric Vehicle Manufacturing Recent Development

10.6 Garia Inc.

10.6.1 Garia Inc. Company Information

10.6.2 Garia Inc. Introduction and Business Overview

10.6.3 Garia Inc. Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.6.4 Garia Inc. Golf Cart and NEV Products Offered

10.6.5 Garia Inc. Recent Development

10.7 Guangdong Lvtong

10.7.1 Guangdong Lvtong Company Information

10.7.2 Guangdong Lvtong Introduction and Business Overview

10.7.3 Guangdong Lvtong Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.7.4 Guangdong Lvtong Golf Cart and NEV Products Offered

10.7.5 Guangdong Lvtong Recent Development

10.8 JH Global Services Inc

10.8.1 JH Global Services Inc Company Information

10.8.2 JH Global Services Inc Introduction and Business Overview

10.8.3 JH Global Services Inc Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.8.4 JH Global Services Inc Golf Cart and NEV Products Offered

10.8.5 JH Global Services Inc Recent Development

10.9 Xiamen Dalle Electric Car

10.9.1 Xiamen Dalle Electric Car Company Information

10.9.2 Xiamen Dalle Electric Car Introduction and Business Overview

10.9.3 Xiamen Dalle Electric Car Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.9.4 Xiamen Dalle Electric Car Golf Cart and NEV Products Offered

10.9.5 Xiamen Dalle Electric Car Recent Development

10.10 Marshell Green Power

10.10.1 Marshell Green Power Company Information

10.10.2 Marshell Green Power Introduction and Business Overview

10.10.3 Marshell Green Power Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.10.4 Marshell Green Power Golf Cart and NEV Products Offered

10.10.5 Marshell Green Power Recent Development

10.11 American Custom Golf Cars

10.11.1 American Custom Golf Cars Company Information

10.11.2 American Custom Golf Cars Introduction and Business Overview

10.11.3 American Custom Golf Cars Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.11.4 American Custom Golf Cars Golf Cart and NEV Products Offered

10.11.5 American Custom Golf Cars Recent Development

10.12 Bintelli Electric Vehicles

10.12.1 Bintelli Electric Vehicles Company Information

10.12.2 Bintelli Electric Vehicles Introduction and Business Overview

10.12.3 Bintelli Electric Vehicles Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.12.4 Bintelli Electric Vehicles Golf Cart and NEV Products Offered

10.12.5 Bintelli Electric Vehicles Recent Development

10.13 Dongguan Excellence Golf & Sightseeing Car

10.13.1 Dongguan Excellence Golf & Sightseeing Car Company Information

10.13.2 Dongguan Excellence Golf & Sightseeing Car Introduction and Business Overview

10.13.3 Dongguan Excellence Golf & Sightseeing Car Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.13.4 Dongguan Excellence Golf & Sightseeing Car Golf Cart and NEV Products Offered

10.13.5 Dongguan Excellence Golf & Sightseeing Car Recent Development

10.14 Speedways Electric

10.14.1 Speedways Electric Company Information

10.14.2 Speedways Electric Introduction and Business Overview

10.14.3 Speedways Electric Golf Cart and NEV Sales, Revenue and Gross Margin (2018-2023)

10.14.4 Speedways Electric Golf Cart and NEV Products Offered

10.14.5 Speedways Electric Recent Development

11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis

11.1 Golf Cart and NEV Key Raw Materials

11.1.1 Key Raw Materials

11.1.2 Key Raw Materials Price

11.1.3 Raw Materials Key Suppliers

11.2 Manufacturing Cost Structure

11.2.1 Raw Materials

11.2.2 Labor Cost

11.2.3 Manufacturing Expenses

11.3 Golf Cart and NEV Industrial Chain Analysis

11.4 Golf Cart and NEV Market Dynamics

11.4.1 Golf Cart and NEV Industry Trends

11.4.2 Golf Cart and NEV Market Drivers

11.4.3 Golf Cart and NEV Market Challenges

11.4.4 Golf Cart and NEV Market Restraints

12 Market Strategy Analysis, Distributors

12.1 Sales Channel

12.2 Golf Cart and NEV Distributors

12.3 Golf Cart and NEV Downstream Customers

13 Research Findings and Conclusion

14 Appendix

14.1 Research Methodology

14.1.1 Methodology/Research Approach

14.1.2 Data Source

14.2 Author Details

14.3 Disclaimer

Published By : QY Research

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