| Product Code: ETC7544525 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s import shipments of golf carts and neighborhood electric vehicles saw significant growth in 2024, with China, USA, South Korea, Thailand, and Malaysia emerging as the top exporting countries. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained high, indicating strong competition among suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 53.21%, with a further growth rate of 4.25% from 2023 to 2024. This data suggests a thriving market for these vehicles in India, driven by a diverse range of international suppliers.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Golf Cart and Neighborhood Electric Vehicle Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 India Golf Cart and Neighborhood Electric Vehicle Market - Industry Life Cycle |
3.4 India Golf Cart and Neighborhood Electric Vehicle Market - Porter's Five Forces |
3.5 India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.6 India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 India Golf Cart and Neighborhood Electric Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of electric vehicles in India due to environmental concerns and government incentives. |
4.2.2 Growing popularity of golf as a recreational sport in India. |
4.2.3 Expansion of golf courses and gated communities in urban and suburban areas. |
4.3 Market Restraints |
4.3.1 High initial cost of purchasing golf carts and neighborhood electric vehicles. |
4.3.2 Limited infrastructure for electric vehicle charging stations in India. |
4.3.3 Lack of awareness about the benefits and availability of golf carts and neighborhood electric vehicles. |
5 India Golf Cart and Neighborhood Electric Vehicle Market Trends |
6 India Golf Cart and Neighborhood Electric Vehicle Market, By Types |
6.1 India Golf Cart and Neighborhood Electric Vehicle Market, By Propulsion |
6.1.1 Overview and Analysis |
6.1.2 India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Propulsion, 2021- 2031F |
6.1.3 India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Gas Powered Engine, 2021- 2031F |
6.1.4 India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Electric Powered, 2021- 2031F |
6.2 India Golf Cart and Neighborhood Electric Vehicle Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Neighborhood Electric Vehicle (NEV), 2021- 2031F |
6.2.3 India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Golf Cart, 2021- 2031F |
7 India Golf Cart and Neighborhood Electric Vehicle Market Import-Export Trade Statistics |
7.1 India Golf Cart and Neighborhood Electric Vehicle Market Export to Major Countries |
7.2 India Golf Cart and Neighborhood Electric Vehicle Market Imports from Major Countries |
8 India Golf Cart and Neighborhood Electric Vehicle Market Key Performance Indicators |
8.1 Average distance traveled per golf cart or neighborhood electric vehicle per day. |
8.2 Number of charging stations specifically catering to golf carts and neighborhood electric vehicles. |
8.3 Percentage increase in the number of golf courses and gated communities using electric vehicles for transportation. |
9 India Golf Cart and Neighborhood Electric Vehicle Market - Opportunity Assessment |
9.1 India Golf Cart and Neighborhood Electric Vehicle Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.2 India Golf Cart and Neighborhood Electric Vehicle Market Opportunity Assessment, By Type, 2021 & 2031F |
10 India Golf Cart and Neighborhood Electric Vehicle Market - Competitive Landscape |
10.1 India Golf Cart and Neighborhood Electric Vehicle Market Revenue Share, By Companies, 2024 |
10.2 India Golf Cart and Neighborhood Electric Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |