Global Golf Cart Market By Product (Electric Golf Carts, Push-Pull Golf Carts, Solar-Powered Golf Carts, Gasoline Golf Carts), Use Case (Golf Course, Personal Use, Industry Use, Rental Services, Others), Operation (Manual, Powered), Ownership (Rented, Fully Owned), Application (Passenger Mover Golf Cart, Turf Maintenance/Utility Golf Cart, Food and Beverage Golf Cart), Seating Capacity (Small (2-4 Seater), Medium (6-8 Seater), Large (Above 8 Seater)), End-Use Vertical (Golf/Sports, Education, Government, Industries, Resort, Hotels and Malls, Airports), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Golf Cart Market
Golf cart market is expected to witness market growth at a rate of 6.50% in the forecast period of 2020 to 2027. Data Bridge Market Research report on golf cart market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Golf Cart is a motorized vehicle that is used to drive a golf bag and other equipment on a golf course. This may be an electric or gas-powered car built to meet the desires of golfers, offering a range of advanced protection and comfort features.
Rapid globalisation along with increasing purchasing power of the growing population, adoption of stringent government rules and regulations for vehicle emission, rising number of country club and golf courses which will likely to enhance the growth of the golf cart market in the forecast period of 2020-2027. On the other hand, prevalence of batteries and fuel cell at affordable prices along with technological advancement which will further bring various opportunities for the growth of the golf cart market in the above mentioned forecast period.
Low power as well as speed along with rising cost of purchasing and maintenance are acting as market restraints for golf cart in the above mentioned forecasted period.
This golf cart market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on golf cart market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Golf Cart Market Scope and Market Size
Golf cart market is segmented on the basis of product, use case, operation, ownership, seating capacity, application and end use vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- 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.
Golf Cart Market Country Level Analysis
Golf cart market is analysed and market size, volume information is provided by country, product, use case, operation, ownership, seating capacity, application and end use vertical as referenced above.
The countries covered in the golf cart market report are 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).
North America will dominate the golf cart market due to the rising demand of the golf courses along with prevalence pf various manufacturers in the region while Asia-Pacific will expect to grow in the forecast period of 2020-2027 due to the rising preferences towards electric and solar golf cart along with rapid urbanization in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Golf Cart Market Share Analysis
Golf cart market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to golf cart market.
The major players covered in the golf cart market report are 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., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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