BRAZIL GOLF CART MARKET

KEY FINDINGS

• In 2023, The Brazil People Mover and Utility Vehicle market, estimated sales volumes of ~4.4k units and generated revenue of ~$48 million, and the market is estimated to grow with a CAGR of 4%, to reach an overall market value of $63 Million by 2030 from 2024.​
• The Brazil People Mover and Utility Vehicle market is poised for steady growth in 2024 and beyond, driven by increasing demand for efficient, eco-friendly, and convenient transportation solutions across various sectors, including hospitality, airports, and corporate campuses.​
• In UTVs, Gasoline dominates as fuel type but in People mover it’s the electric type that is dominating the market. In UTV 2 seater with cargo bed is popular where as in People mover 4-6 seaters are popular in Brazil​
• The transition to electric People Mover and Utility Vehicles is a major trend, driven by the need for sustainable transportation solutions. Innovations in battery technology are extending vehicle range and reducing charging times.​
• Emerging interest in autonomous and semi-autonomous People Mover and Utility Vehicles is shaping the market, offering enhanced safety, efficiency, and user experience. These features are particularly appealing in controlled environments like airports and large campuses.​
• Customizable and modular designs are gaining traction, allowing for tailored solutions that meet specific customer needs, from seating arrangements to technological features.​
• The market features a mix of established international manufacturers and local companies. Leading players are leveraging advanced technologies and strong distribution networks to capture market share.​
• Due to limited demand, multi-brand dealers like Car-Station and Carrinho Eletrico get vehicles from other countries through imports​

• Companies other than local Manufacturers like Tramontina are either importing finished products which is the case in Polaris and Can-Am, or Importing parts and assembling them locally which is common practice among Chinese players like Shineray and HDK Electric.

INTRODUCTION TO BRAZIL GOLF CART MARKET

Batteries are used in electric golf carts to power an electric motor. Usually, the batteries are charged by connecting the cart to a wall outlet. An electric or gas-powered golf cart is a vehicle used to move golfers and their equipment around the course while they are playing. A little cart used to transport a golf bag around a golf course is what the word "golf cart" means.

Initially, golf carts were merely considered a tool to assist the elderly or the disabled in playing golf. Golf carts are the main mode of transportation in upscale, small-town neighborhoods. A golf cart battery's sole purpose is to supply the necessary power and energy for leisure activities such as sports, vacations, and recreational pursuits. 

BRAZIL GOLF CART MARKET SIZE AND FORECAST

The Brazil Golf cart market accounted for $48 Million in 2024 and is anticipated to reach $63 Billion by 2030, registering a CAGR of 4% from 2024 to 2030.

NEW PRODUCT LAUNCH

Launch of the Adler electric golf cart by Neuron Energy The electric golf cart brand Adler was introduced by Mumbai-based EV battery manufacturer Neuro Energy, officially entering the market. According to the business, its newest endeavor will use its new product to meet demand for personal travel, freight, leisure and medical help.

In a statement, Neuron Energy stated that it intended to enter the Middle Eastern market through exports. The lithium-ion batteries from Neuron, which have a GPRS tracker and remote help, will power the golf carts. 

The IIT Mumbai campus, Oxford Golf and Country Club Resort, and other locations make active use of Neuron lithium golf cart batteries. Given that they don't require routine maintenance or fuel expenditures, electric carts may eventually be more affordable to operate than gas-powered carts.

"A holistic system must be in place for electric vehicles to have a significant impact, whether it be the infrastructure for charging them or the accessibility of reasonably priced, high-quality batteries,"They have been putting effort into creating a vast network of batteries and spare parts required to operate electric cars.

Adler golf carts are a part of their Green Technology Initiative with a brand-new vertical integrated into the product line. They constantly strive to serve as many different customer segments as they can, and they are optimistic that with Adler, they will be able to migrate a variety of areas, such as airports, residential areas, malls, hotels, etc., to zero carbon footprint zones 

COMPANY PROFILE

• Neuron Energy
• Nivel Parts
• Garia
• Bloomberg
• Vantage

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Golf carts are manufactured per annum in Brazil? Who are the sub-component suppliers in this region?
2. Cost breakup of a Brazil Golf cart and key vendor selection criteria
3. Where is the Golf cart manufactured? What is the average margin per unit?
4. Market share of Brazil Golf cart market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Brazil Golf cart in-house
6. key predictions for next 5 years in Brazil Golf cart market
7. Average B-2-B Golf cart market price in all segments
8. Latest trends in Golf cart market, by every market segment
9. The golf cart market size (both volume and value) in 2024-2030 and every year in between?
10. Production breakup of Golf cart market, by suppliers and their OEM relationship