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Golf Cart Market New Opportunities, Segmentation Details With Financial Facts By 2030

  • Writer: soniya shaha
    soniya shaha
  • Apr 12, 2022
  • 4 min read

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Golf Cart Market Overview


The Global Golf Cart Market was valued at USD 3,62.3 Million during the historic forecast period and it is expected to reach a CAGR of 6.3% during the forecast period. It is expected to reach up to USD 5,590 Million during the forecast period. The rise in the expansion of the industrial sector and urban sprawl are two significant factors driving the global golf cart industry forward.

The golf cart is a compact motorized vehicle that is commonly used to transport golfers and their equipment. In retail malls, airports, hotels, and other entertainment venues, these carts are also utilized to transport lighter things. The primary purpose of these carts was to transport golfers' clubs and equipment on the golf course, but they are also widely utilized in commercial settings such as railway stations, zoos, office factories, multi-residential complexes, wildlife sanctuaries, theme parties, and exhibition centers.

The breakout of the covid 19 exacerbated the golf cart market's growth crisis. To compensate, businesses produce two-seater carts, four-seater carts, six-seater carts, eight-seater carts, and so on. Golf balls, tee holders, cup holders, waste bins, charging outlets, refrigerator choices, and an air scoop are all included in these new featured carts.

The global impact of the covid 19 pandemics is expected to have a significant impact on the global golf cart market's growth; however, factors such as increased interest in golf carts, increased per capita disposable income, and leisure and sports activities are the major key factors driving the market's growth.

The prominent players in the global golf cart market are Yamaha Golf-Car Company (US), STAR EV (US), Garia A/S (Denmark), Bradshaw Electric Vehicles (UK), E-Z-GO (US), Marshell Green Power (China), Spoleman OÜ (Estonia), Polaris Industries, Inc. (US), Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD. (China), Speedways Electric (India), and Autopower (India)

Market Research Analysis

In terms of region, the global market for golf cart is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold the highest share in the global golf cart market, owing to an increase in demand for comfort and commute between distances within places, such as hotels, resorts and airports. Furthermore, the shifting interest of users for more economical and convenient alternatives is expected to add to the North American golf cart market.

The rise in per capita disposable income and new resorts, hotels, airports, and golf course, are expected to increase the demand of golf carts in Asia-Pacific. Furthermore, the demand for motorized vehicles is expected to be an opportunity in countries, such as India, Indonesia, Malaysia, Australia, and China owing to the demand for pollution-free, economical, and reliable alternatives to travel short distances.

Scope of the Report

This study provides an overview of the global golf cart market, tracking four market segments across four geographic regions. The report studies key players and provides a five-year annual trend analysis, which highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, which focuses on the market opportunities for the next five years for each region. The scope of the study segments the global golf cart market by solutions, system, vehicle type, propulsion, and region.

By Propulsion Type

  • Electric

  • Gasoline

By Seating Capacity

  • Small (2–4 Seater)

  • Medium (6–10 Seater)

  • Large (More than 10 Seater)

By Application

  • Hotels & Resorts

  • Airports

  • Golf Courses

  • Railways

  • Multi-residential Complexes

  • Others

By Regions

  • North America

  • Asia-Pacific

  • Europe

  • Rest of the World


Industry News

The major key players of the global golf cart market are Ingersoll Rand, Inc., Yamaha Motor Company Limited, Hitachi Chemical Co. Ltd., Textron Inc., Xiamen Dalle Electric Car Co. Ltd., Polaris Inc., Lvtong New Energy Electric Vehicle Technology Co., Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Columbia Vehicle Group Inc., and Garia A/S. In the next five years, the IMARC group is predicted to contribute to the market's moderate expansion.

Continue…….

Biometric Vehicle Access Market https://www.marketresearchfuture.com/reports/biometric-vehicle-access-market-2032 About Market Research Future -

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