India Golf Cart and Neighborhood Electric Vehicle Market (2025-2031) | Growth, Companies, Size & Revenue, Forecast, Segmentation, Analysis, Industry, Trends, Value, Outlook, Competitive Landscape, Share

Market Forecast By Propulsion (Gas Powered Engine, Electric Powered), By Type (Neighborhood Electric Vehicle (NEV), Golf Cart) And Competitive Landscape
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 Golf Cart and Neighborhood Electric Vehicle Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

India Golf Cart and Neighborhood Electric Vehicle Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • India Golf Cart and Neighborhood Electric Vehicle Market Outlook
  • Market Size of India Golf Cart and Neighborhood Electric Vehicle Market, 2024
  • Forecast of India Golf Cart and Neighborhood Electric Vehicle Market, 2031
  • Historical Data and Forecast of India Golf Cart and Neighborhood Electric Vehicle Revenues & Volume for the Period 2021- 2031
  • India Golf Cart and Neighborhood Electric Vehicle Market Trend Evolution
  • India Golf Cart and Neighborhood Electric Vehicle Market Drivers and Challenges
  • India Golf Cart and Neighborhood Electric Vehicle Price Trends
  • India Golf Cart and Neighborhood Electric Vehicle Porter's Five Forces
  • India Golf Cart and Neighborhood Electric Vehicle Industry Life Cycle
  • Historical Data and Forecast of India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume By Propulsion for the Period 2021- 2031
  • Historical Data and Forecast of India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume By Gas Powered Engine for the Period 2021- 2031
  • Historical Data and Forecast of India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume By Electric Powered for the Period 2021- 2031
  • Historical Data and Forecast of India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume By Neighborhood Electric Vehicle (NEV) for the Period 2021- 2031
  • Historical Data and Forecast of India Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume By Golf Cart for the Period 2021- 2031
  • India Golf Cart and Neighborhood Electric Vehicle Import Export Trade Statistics
  • Market Opportunity Assessment By Propulsion
  • Market Opportunity Assessment By Type
  • India Golf Cart and Neighborhood Electric Vehicle Top Companies Market Share
  • India Golf Cart and Neighborhood Electric Vehicle Competitive Benchmarking By Technical and Operational Parameters
  • India Golf Cart and Neighborhood Electric Vehicle Company Profiles
  • India Golf Cart and Neighborhood Electric Vehicle Key Strategic Recommendations

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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

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