Global Golf Cart Market is Expected to Grow at a Rate of 6.50% in the Forecast Period of 2020 to 2027

The Global Golf Cart Market is expected grow at a compound annual growth rate of 6.50% in the forecast period of 2020 to 2027. The rapid globalization as well as the increase in purchasing power of the growing population is a significant factor driving the market growth rate.

Likewise, the high prevalence of batteries and fuel cell at affordable prices along with rapid technological advancement will produce lucrative opportunities for the growth of the golf cart market.

Golf Cart Market Scenario

According to Data Bridge Market Research the market for golf cart is expected to gain growth because of the high adoption of stringent government rules and regulations for vehicle emission. Also the rapid increase in the number of country club and golf courses is also expected to fuel the demand of the golf cart market over the forecast period of 2020 to 2027. Whereas, the low speed as well as power along with high cost of purchasing and maintenance are expected to hinder the growth of the golf cart market in the aforementioned forecast period.

Now the question is which are the other regions that golf cart market is targeting? Data Bridge Market Research has estimated large growth in Asia-Pacific due to rapid shift in preferences towards electric and solar golf cart along with rapid urbanization.

For more analysis on the golf cart market request for a briefing with our analysts

Golf Cart Market Scope                 

Golf cart market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).

  • All country based analysis of golf cart market is further analyzed based on maximum granularity into further segmentation. Golf cart market on the basis of product has been segmented as electric golf carts, push-pull golf carts, solar-powered golf carts, and gasoline golf carts. Based on use case, golf cart market has been segmented into golf course, personal use, industry use, rental services, and others. On the basis of operation, golf cart market has been segmented into manual, and powered. Based on ownership, golf cart market has been segmented into rented, and fully owned. Based on seating capacity, golf cart market has been segmented into small (2-4 seater), medium (6-8 seater), and large (above 8 seater). On the basis of application, golf cart market has been segmented into passenger mover golf cart, turf maintenance/utility golf cart, food and beverage golf cart. Golf cart has also been segmented on the basis of end use vertical into golf/sports, education, government, industries, resort, hotels and malls, and airports.
  • The golf cart is a type of a motorized vehicle, used to drive a golf bag and other equipment on a golf course. This may be an electric or gas-powered car that built to meet the desires of golfers, offering a wide range of advanced protection and comfort features.

To know more about the study,

Key Pointers Covered in the Golf Cart Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Garia A/S
  • Hitachi Chemical Co., Ltd
  • Ingersoll-Rand plc
  • JH Global Services, Inc
  • Maini Materials Movement Pvt. Ltd
  • Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
  • Textron Specialized Vehicles Inc
  • Columbia Vehicle Group Inc
  • Xiamen Dalle New Energy Automobile Co., Ltd
  • Yamaha Golf-Car Company
  • KC Golf Cart, Co
  • JK India Fabs
  • SpeedwaysElectric
  • Volmac Engg. Private Limited
  • Marshell Green Power
  • Autopower
  • Prevalence Ltd
  • Tianjin Zhongyi Electric Vehicle Co.,Ltd

Above are the key players covered in the report, to know about more and exhaustive list of golf cart companies’ contact us

Research Methodology of Global Golf Cart Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Related Reports

Browse in Automotive Category Related Reports@