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GOLF CART AND NEIGHBORHOOD ELECTRIC VEHICLE (NEV)

Global Market Trajectory & Analytics

MCP16437

VALIDATED EXECUTIVE ENGAGEMENTS

Number of executives repeatedly engaged by snail & email outreach*

POOL + OUTREACH

356

Interactions with Platform & by Email *

INTERACTIONS

71

Unique # Participated *

PARTICIPANTS

14

Responses Validated *

VALIDATIONS

6

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COVID-19 IMPACT SURVEY MAY 2020
Amid the COVID-19 crisis and the looming economic recession, the Golf Cart and Neighborhood Electric Vehicle (NEV) market worldwide will grow by a projected US$1.1 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 5.2%. Gas Powered Engine, one of the segments analyzed and sized in this study, is forecast to grow at over 4.4% and reach a market size of US$1.2 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Gas Powered Engine market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 4.2% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$32.3 Million to the region's size over the next 7 to 8 years. In addition, over US$33.3 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Gas Powered Engine segment will reach a market size of US$52 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Golf Cart and Neighborhood Electric Vehicle (NEV) market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 8.5% over the next couple of years and add approximately US$286.1 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Golf Cart and Neighborhood Electric Vehicle (NEV) market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others, Polaris Industries, Inc.; Textron Inc.; Yamaha Motor Co., Ltd.; Dongfeng Motor Group Company Limited; DY Corporation; Garia A/S; Ingersoll-Rand PLC; John Bradshaw Limited

SEGMENTS

» Engine (Gas Powered Engine, Electric Powered Engine) » Type (Neighborhood Electric Vehicle (NEV), Golf Cart)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa
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