Neighborhood Electric Vehicle Market Analysis and Forecast by Size, Share, Growth, Trends 2031

Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031

Coverage: Neighborhood Electric Vehicle Market covers analysis By Type (Commercial Turf and Industrial Utility Vehicle, Golf Cart, Personal Mobility Vehicle); Power Output (Less Than 8 kW, 8-15 kW, Greater Than 15 kW); Application (Golf Courses, Hotels and Resorts, Airports, Industrial Facilities) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Report Date : Nov 2025
Report Code : TIPRE00015312

Category : Automotive and Transportation
Status : Upcoming

Available Report Formats :
No. of Pages : 150

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Page Updated: Jul 2025

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Neighborhood Electric Vehicle Market is expected to register a CAGR of XX% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.

The report is categorized by Type (Commercial Turf and Industrial Utility Vehicle, Golf Cart, Personal Mobility Vehicle) and further analyzes the market based on Power Output (Less Than 8 kW, 8-15 kW, Greater Than 15 kW). It also examines the market by Application (Golf Courses, Hotels and Resorts, Airports, Industrial Facilities).A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.

The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.

Purpose of the Report

The report Neighborhood Electric Vehicle Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Neighborhood Electric Vehicle Market Segmentation

Type

Commercial Turf and Industrial Utility Vehicle
Golf Cart
Personal Mobility Vehicle

Power Output

Less Than 8 kW
8-15 kW
Greater Than 15 kW

Application

Golf Courses
Hotels and Resorts
Airports
Industrial Facilities

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Neighborhood Electric Vehicle Market: Strategic Insights

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This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Neighborhood Electric Vehicle Market Growth Drivers

Embracing Eco-Friendly Commuting: The Rise of Neighborhood EVs
Local Governments Boosting EV Adoption with Incentives and Infrastructure
Community Engagement: Neighborhoods Rallying for Sustainable Transport

Neighborhood Electric Vehicle Market Future Trends

Neighborhood Electric Vehicles: The Rise of Eco-Friendly Commuting
Smart Charging Stations: Powering Up EVs with Renewable Energy
Community-Based EV Sharing: Redefining Urban Mobility for Everyone

Neighborhood Electric Vehicle Market Opportunities

Embrace Eco-Friendly Commuting with Neighborhood Electric Vehicles
Transform Local Travel: Affordable EVs for Every Community
Join the Green Revolution: Neighborhood EVs for Sustainable Living

Neighborhood Electric Vehicle Market Regional Insights

The regional trends and factors influencing the Neighborhood Electric Vehicle Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Neighborhood Electric Vehicle Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Neighborhood Electric Vehicle Market Report Scope

Report Attribute	Details
Market size in 2024	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2025 - 2031)	XX%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Type Commercial Turf and Industrial Utility Vehicle Golf Cart Personal Mobility Vehicle By Power Output Less Than 8 kW 8-15 kW Greater Than 15 kW By Application Golf Courses Hotels and Resorts Airports Industrial Facilities
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	AGT Electric Cars American Landmaster Columbia Vehicle Group Inc Deere and Company Kubota Corporation Marshell Polaris Inc. Textron Inc. The Toro Company

Neighborhood Electric Vehicle Market Players Density: Understanding Its Impact on Business Dynamics

The Neighborhood Electric Vehicle Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

neighborhood-electric-vehicle-market-cagr

Get the Neighborhood Electric Vehicle Market top key players overview

Key Selling Points

Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Neighborhood Electric Vehicle Market, providing a holistic landscape.
Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Neighborhood Electric Vehicle Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Neighborhood Electric Vehicle Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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