The golf cart market refers to the market for electric or gas-powered vehicles designed for transporting golfers and their equipment around golf courses. Golf carts are also commonly used in residential communities, hotels and resorts, industrial complexes, and airports for short-distance transportation. The global golf cart market is expected to grow at a CAGR of around 6% from 2021 to 2026. The growth is mainly driven by the increasing popularity of golf as a recreational activity and the growing trend of using golf carts for short-distance transportation in various end-use industries.
North America is the largest market for golf carts, with the United States being the leading contributor to the region’s growth. Europe is also a significant market, with countries such as the UK and Germany being major contributors to the region’s growth. The Asia-Pacific region is expected to be the fastest-growing market, with China and India being the major contributors to the region’s growth. Electric golf carts are expected to dominate the market due to their environment-friendly and cost-effective nature. However, gas-powered golf carts are also popular in certain regions due to their high speed and extended range.
Some of the key players in the golf cart market include Yamaha Golf-Car Company, Club Car, LLC, Textron Inc., Garia A/S, and E-Z-GO. These companies are investing in research and development activities to develop new and innovative golf cart products that can meet the evolving needs of end-use industries. They are also adopting various strategies such as partnerships, collaborations, and mergers and acquisitions to expand their market presence and increase their market share.
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Key findings of the Golf Cart market study:
- The report provides a present market outlook on Golf Cart. Additionally, the Golf Cart market share is anticipated to grow with a CAGR of 6% in the forecast period.
- Regional breakdown of the Golf Cart market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Golf Cart vendors in detail.
- Region-wise and country-wise fragmentation of the Golf Cart market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Golf Cart market.
- Golf Cart price, market share, and Trends forecast for assessment period 2021-2031
Competitive landscape analysis
The market survey conducted by fact.mr offers key developments and challenges affecting the pharmaceutical industry, subsequently influencing demand and sales in the Golf Cart market. To study competitive trends across the industry, the report profiles some of the leading players operating in the Golf Cart market including
- Golf-Car Company
- Club Car
- Guangdong Marshell Electric Vehicle Co., Ltd.
- Polaris Industries Inc.
- Hawk Carts
- STAR EV CORPORATION
- G H Varley Pty Limited
- KT Pan Company Limited
- Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
- HDK Electric Vehicle.
Report benefits & key questions answered
- Golf Cart historical market outlook: the market intelligence survey report discloses the demand and sales projections of Golf Cart over the last forecast period 2016 to 2020.
- Post impact of covid on the Golf Cart market: the pharmaceutical industry has been largely influenced by covid-19 pandemic. The fact.mr market survey assesses how current trends that will influence expenditure on Golf Cart, thus affecting the market growth.
- Golf Cart market trend analysis: the report provides in-depth overview of the past, recent, and upcoming trends in the Golf Cart market to assist the businesses to formulate their strategies for expansion.
- Golf Cart category & segment level analysis: fact.mr’s category & segment level analysis provides insights into Golf Cart sales outlook on lucrative and nascent product types. The report assists the market players to identify potential remunerative segments and set sales targets at local, country, and regional level.
- Golf Cart company & brand share analysis: the report discloses the competitiveness of the Golf Cart market and highlights the market share captured by tier 1, tier 2, and tier 3 players operating in the landscape.
Key Segments Covered
- Push-Pull Golf Carts
- Gasoline Golf Carts
- Electric Golf Carts
- Solar Powered Golf Carts
- Manual Golf Carts
- Powered Golf Carts
- Golf Courses
- Personal Use
- Industry Use
- Other Applications
- Rented Golf Carts
- Fully Owned Golf Carts