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

Market Forecast By Propulsion (Gas Powered Engine, Electric Powered), By Type (Neighborhood Electric Vehicle (NEV), Golf Cart) And Competitive Landscape
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

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

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.

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

Key Highlights of the Report:

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

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