Golf Cart and Neighborhood Electric Vehicle (NEV) Market Share Forecast 2021-2031
According to the report, the global golf cart and neighborhood electric vehicle (NEV) market was valued over US$ 3.8 Bn in 2020, expanding at a CAGR of 10.8% during the forecast period. The golf cart and neighborhood electric vehicles widely used on the golf courses and short distance travels. They are either electrically powered or fuel powered, compact in size and requires less maintenance cost. The rising demand for compact size vehicles for travel in the hotels, parks, and for other short distances is expected to enhance the growth of the golf cart and NEV market. As these vehicles has all the safety and comfort features which increases its adoption in hotels and other recreational activities. Moreover, the golf carts or neighborhood electric vehicles are also used for security patrolling and in the small campuses which also propel the market growth. Grab an Exclusive PDF Sample for Industrial Insights and business Intelligence - https://www.transparencymarketresearch.com/sampl