| Product Code: ETC8150165 | 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 |
Despite a slight decline in growth rate from 2023 to 2024, the Maldives continues to see strong demand for golf carts and neighborhood electric vehicles. The top exporting countries, including China, Japan, and the USA, indicate a diverse range of sources for these imports. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market, potentially dominated by a few key players. With a notable compound annual growth rate (CAGR) of 26.59% from 2020 to 2024, the market for these vehicles in the Maldives is expected to remain robust in the coming years.

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 Maldives Golf Cart and Neighborhood Electric Vehicle Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Golf Cart and Neighborhood Electric Vehicle Market - Industry Life Cycle |
3.4 Maldives Golf Cart and Neighborhood Electric Vehicle Market - Porter's Five Forces |
3.5 Maldives Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.6 Maldives Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Maldives Golf Cart and Neighborhood Electric Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly transportation solutions in the Maldives |
4.2.2 Growing trend of using golf carts and neighborhood electric vehicles for tourism and leisure activities |
4.2.3 Government initiatives promoting the use of electric vehicles and sustainable transportation options |
4.3 Market Restraints |
4.3.1 Limited charging infrastructure in the Maldives |
4.3.2 High initial costs associated with purchasing golf carts and neighborhood electric vehicles |
4.3.3 Limited awareness and understanding of the benefits of electric vehicles among consumers in the Maldives |
5 Maldives Golf Cart and Neighborhood Electric Vehicle Market Trends |
6 Maldives Golf Cart and Neighborhood Electric Vehicle Market, By Types |
6.1 Maldives Golf Cart and Neighborhood Electric Vehicle Market, By Propulsion |
6.1.1 Overview and Analysis |
6.1.2 Maldives Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Propulsion, 2021- 2031F |
6.1.3 Maldives Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Gas Powered Engine, 2021- 2031F |
6.1.4 Maldives Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Electric Powered, 2021- 2031F |
6.2 Maldives Golf Cart and Neighborhood Electric Vehicle Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Maldives Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Neighborhood Electric Vehicle (NEV), 2021- 2031F |
6.2.3 Maldives Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Golf Cart, 2021- 2031F |
7 Maldives Golf Cart and Neighborhood Electric Vehicle Market Import-Export Trade Statistics |
7.1 Maldives Golf Cart and Neighborhood Electric Vehicle Market Export to Major Countries |
7.2 Maldives Golf Cart and Neighborhood Electric Vehicle Market Imports from Major Countries |
8 Maldives Golf Cart and Neighborhood Electric Vehicle Market Key Performance Indicators |
8.1 Average daily utilization rate of golf carts and neighborhood electric vehicles |
8.2 Number of charging stations per capita |
8.3 Percentage of tourists opting for eco-friendly transportation options |
8.4 Government incentives and subsidies for electric vehicle adoption |
8.5 Carbon emissions reduction achieved through the use of electric vehicles |
9 Maldives Golf Cart and Neighborhood Electric Vehicle Market - Opportunity Assessment |
9.1 Maldives Golf Cart and Neighborhood Electric Vehicle Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.2 Maldives Golf Cart and Neighborhood Electric Vehicle Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Maldives Golf Cart and Neighborhood Electric Vehicle Market - Competitive Landscape |
10.1 Maldives Golf Cart and Neighborhood Electric Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Maldives Golf Cart and Neighborhood Electric Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |