Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market is projected to reach US$ 15,955.6 Mn in 2029

Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market Infographics Description:

• The Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market was valued at US$ 4,989.3 Mn in 2019.
• Worldwide Golf Cart and Neighborhood Electric Vehicle (NEV) Market is projected to reach US$ 15,955.6 Mn in 2029 at a CAGR of 12.5% from 2020 to 2029.
• Amongst vehicle type, the neighborhood electric vehicle type in the Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market is estimated to account for a majority revenue share of 71.8% in 2019 end, owing to increasing awareness among consumers
• Among all the engine type segments, the electric powered engine expected to register the highest CAGR of over 13.6%, owing to advancement in technology
• The Asia-Pacific market is expected to dominate the global golf cart and Neighborhood Electric Vehicle (NEV) market and is expected to account for the largest market revenue share than that of markets in other regions.
• Companies profiled in the report are 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., and ELLWEE.