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Golf Cart and Neighborhood Electric Vehicle (NEV) Market- Growth, Share, Opportunities & Competitive Analysis, 2015 – 2027

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Market Insights

The Golf Cart and Neighborhood Electric Vehicle (NEV)Market is expected to cross-market value of USD 13,859.9 million in 2027 from USD 5,538.9 million in 2020. It is expected to grow at a CAGR of over 14.2% during the forecast period.

Key Market Drivers and Restraints

Adoption of these vehicles sowing to reduce the release of harmful carbon emissions and new technological advancements have boosted the growth of global golf cart and neighborhood electric vehicles over the forecast period. Additionally, rising awareness among individuals, coupled with high disposable income and high investments by major players, are factors expected to drive the growth of the global golf cart and neighborhood electric vehicle market.

However, the high cost and maintenance of the product, coupled with the recent pandemic outbreak, are factors expected to hamper the global golf cart and neighborhood electric vehicle market.

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Impact of COVID 19

The golf cart and neighborhood electric vehicle market will show considerable growth on the back of the global pandemic. However, due to the COVID-19 outbreak, all or part of it has been closed globally, causing a negative impact on the supply chain and product demand. In addition, the operations of major players have been momentarily halted or are being operated with a minimal workforce in response to the global lockdown.

The Asia Pacific to Dominate the global golf cart and neighborhood electric vehicle market

The global golf cart and neighborhood electric vehicle market covers six regions: North America, Europe, Latin America, Asia Pacific, Middle East, and Africa, including all the key economies in these regions. Asia Pacific golf cart and neighborhood electric vehicle market is dominated the global market and accounted for 30.4% of the total market. This is attributed to the increasing demand for neighborhood electric vehicles and the high disposable income of individuals in the region.

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Neighborhood Electric vehicles would continue to dominate the global golf cart and neighborhood electric vehicle market in terms of vehicle type.

Golf carts and neighborhood electric vehicles are the vehicle types of a golf cart and neighborhood electric vehicle market. In 2020, the neighborhood electric vehicle segment accounted for the largest share of the global golf cart and neighborhood electric vehicle market, owing to growing awareness among individuals.

Electric Powered Engine is the major segment in the global golf cart and neighborhood electric vehicle market in terms of engine type. 

Gas-powered and electric-powered engines are the engine type of golf carts and neighborhood electric vehicle market. In 2020, the electrically powered engine segment accounted for the largest share of the global golf cart and neighborhood electric vehicle market due to technological advancements.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Electric Vehicle Insulation Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Electric Vehicle Insulation Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Engine Type
3.3.2.Vehicle Type
3.3.3.Geography

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020

4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Electric Vehicle Insulation Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Electric Vehicle Insulation Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Electric Vehicle Insulation Market, by Engine Type, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Gas Powered Engine
6.2.3.Electric Powered Engine
6.3.North America Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Golf Cart
6.3.3.Neighborhood Electric Vehicle

7.Europe

7.1.Europe Electric Vehicle Insulation Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Electric Vehicle Insulation Market, by Engine Type, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Gas Powered Engine
7.2.3.Electric Powered Engine
7.3.Europe Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Golf Cart
7.3.3.Neighborhood Electric Vehicle

8.Asia Pacific

8.1.Asia Pacific Electric Vehicle Insulation Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Electric Vehicle Insulation Market, by Engine Type, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Gas Powered Engine
8.2.3.Electric Powered Engine
8.3.Asia Pacific Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Golf Cart
8.3.3.Neighborhood Electric Vehicle

9.Latin America

9.1.Latin America Electric Vehicle Insulation Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Electric Vehicle Insulation Market, by Engine Type, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Gas Powered Engine
9.2.3.Electric Powered Engine
9.3.Latin America Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Golf Cart
9.3.3.Neighborhood Electric Vehicle

10.Middle East

10.1.Middle East Electric Vehicle Insulation Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Electric Vehicle Insulation Market, by Engine Type, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Gas Powered Engine
10.2.3.Electric Powered Engine
10.3.Middle East Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Golf Cart
10.3.3.Neighborhood Electric Vehicle

11.Africa

11.1.Africa Electric Vehicle Insulation Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Electric Vehicle Insulation Market, by Engine Type, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Gas Powered Engine
11.2.3.Electric Powered Engine
11.3.Africa Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Golf Cart
11.3.3.Neighborhood Electric Vehicle

12.Global

12.1.Global Electric Vehicle Insulation Market, by Engine Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Gas Powered Engine
12.1.3.Electric Powered Engine
12.2.Global Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Golf Cart
12.2.3.Neighborhood Electric Vehicle

13.Company Profiles

13.1.Textron Inc.
13.2.Polaris Inc.
13.3.Dongfeng Motor Corporation
13.4.Bintelli Electric Vehicles
13.5.Ingersoll-Rand PLC
13.6.Hitachi, Ltd.
13.7.ZhongShan ETEC Electric Vehicle Co. Ltd.
13.8.ELLWEE
13.9.Yamaha Motor Co. Ltd.
13.10.Garia A/S
13.11.Others

 

List of Figures

FIG. 1 Global Electric Vehicle Insulation Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Electric Vehicle Insulation Market Segmentation

FIG. 4 Global Electric Vehicle Insulation Market, by Engine Type, 2019 (US$ Bn)

FIG. 5 Global Electric Vehicle Insulation Market, by Vehicle Type, 2019 (US$ Bn)

FIG. 6 Global Electric Vehicle Insulation Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Electric Vehicle Insulation Market Manufacturers, 2019

FIG. 9 Global Electric Vehicle Insulation Market Value Contribution, By Engine Type, 2019 & 2027 (Value %)

FIG. 10 Global Electric Vehicle Insulation Market Value Contribution, By Vehicle Type, 2019 & 2027 (Value %)

FIG. 11 U.S. Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

FIG. 12 Rest of North America Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

FIG. 13 U.K. Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

FIG. 14 Germany Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

FIG. 15 France Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

FIG. 16 Rest of Europe Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

FIG. 17 Japan Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

FIG. 18 China Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

FIG. 19 India Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

FIG. 20 Rest of Asia Pacific Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

FIG. 21 Middle East & Africa Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

Latin America Electric Vehicle Insulation Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Electric Vehicle Insulation Market

TABLE 2 Global Electric Vehicle Insulation Market, by Engine Type, 2015-2027 (US$ Bn)

TABLE 3 Global Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 4 Global Electric Vehicle Insulation Market, by Geography, 2015-2027 (US$ Bn)

TABLE 5 North America Electric Vehicle Insulation Market, by Engine Type, 2015-2027 (US$ Bn)

TABLE 6 North America Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 7 North America Electric Vehicle Insulation Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 8 Europe Electric Vehicle Insulation Market, by Engine Type, 2015-2027 (US$ Bn)

TABLE 9 Europe Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 10 Europe Electric Vehicle Insulation Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 11 Asia Pacific Electric Vehicle Insulation Market, by Engine Type, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Electric Vehicle Insulation Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Latin America Electric Vehicle Insulation Market, by Engine Type, 2015-2027 (US$ Bn)

TABLE 15 Latin America Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 16 Latin America Electric Vehicle Insulation Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 17 Middle East Electric Vehicle Insulation Market, by Engine Type, 2015-2027 (US$ Bn)

TABLE 18 Middle East Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 19 Middle East Electric Vehicle Insulation Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 20 Africa Electric Vehicle Insulation Market, by Engine Type, 2015-2027 (US$ Bn)

TABLE 21 Africa Electric Vehicle Insulation Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 22 Africa Electric Vehicle Insulation Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 23 Ingersoll-Rand PLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 24 Hitachi, Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 25 Textron Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 26 Polaris Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 27 Yamaha Motor Co. Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 28 Dongfeng Motor Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 29 Bintelli Electric Vehicles: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 30 Garia A/S: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 ZhongShan ETEC Electric Vehicle Co. Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 ELLWEE: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 Others: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Frequently Asked Questions:

What are the consequences of COVID 19 on global golf cart and neighborhood electric vehicle market?

Disruption of supply chain and shutdown of production lines caused by the current pandemic

Which is the key vehicle type through golf cart and neighborhood electric vehicle market?

Neighborhood electric vehicle is the most frequently through golf cart and neighborhood electric vehicle market

Which is the key engine type through which golf cart and neighborhood electric vehicle market

Electric powered engine is the main engine type segment in golf cart and neighborhood electric vehicle market

Who are the key players in the global golf cart and neighborhood electric vehicle market?

Ingersoll-Rand PLC, Hitachi, Ltd., Textron Inc., Polaris Inc., Yamaha Motor Co. Ltd., Dongfeng Motor Corporation, Bintelli Electric Vehicles, Garia A/S, ZhongShan ETEC Electric Vehicle Co. Ltd., ELLWEE, and Othersare key players operating in this market

Which is the leading regional market for global golf cart and neighborhood electric vehicle market?

Asia Pacific has the largest share owing to local presence of market players and increasing demand in electric vehicles

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