| Product Code: ETC8928845 | 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 |
The Republic of North Macedonia continues to see a strong influx of golf carts and neighborhood electric vehicles, with top exporters being China, Bulgaria, Poland, Hong Kong, and the Netherlands in 2024. Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration, the impressive compound annual growth rate (CAGR) of 24.39% from 2020 to 2024 reflects a thriving market. However, the negative growth rate of -77.82% in 2024 suggests a recent downturn that may warrant further investigation into market dynamics and consumer demand trends.

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 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market - Industry Life Cycle |
3.4 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market - Porter's Five Forces |
3.5 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.6 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of eco-friendly transportation solutions in Macedonia |
4.2.2 Government initiatives promoting sustainable transportation options |
4.2.3 Growing tourism industry leading to higher demand for golf carts and neighborhood electric vehicles |
4.3 Market Restraints |
4.3.1 Limited infrastructure to support widespread use of golf carts and electric vehicles |
4.3.2 High initial costs associated with purchasing and maintaining golf carts and electric vehicles |
4.3.3 Lack of charging stations and maintenance facilities in Macedonia |
5 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Trends |
6 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market, By Types |
6.1 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market, By Propulsion |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Propulsion, 2021- 2031F |
6.1.3 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Gas Powered Engine, 2021- 2031F |
6.1.4 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Electric Powered, 2021- 2031F |
6.2 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Neighborhood Electric Vehicle (NEV), 2021- 2031F |
6.2.3 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Revenues & Volume, By Golf Cart, 2021- 2031F |
7 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Export to Major Countries |
7.2 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Imports from Major Countries |
8 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Key Performance Indicators |
8.1 Average utilization rate of golf carts and neighborhood electric vehicles in key tourist areas |
8.2 Number of public-private partnerships for expanding charging infrastructure |
8.3 Percentage increase in government subsidies for eco-friendly transportation initiatives |
9 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market - Opportunity Assessment |
9.1 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.2 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market - Competitive Landscape |
10.1 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia Golf Cart and Neighborhood Electric Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |