The global Golf Cart market was valued at US$ 1384.4 million in 2020 and it is expected to reach US$ 1783.6 million by the end of 2027, growing at a CAGR of 3.5% during 2021-2027.
Golf carts are used by golfers to carry heavy golf clubs and equipment. They are also used for daily commuting needs over short distances. Golf carts are usually gasoline-powered or electric, but recently solar-powered golf carts have also been developed. Electric golf carts have more preference among consumers.
Global Golf Cart key players include Yamaha, Textron, Club Car, etc. Global top three manufacturers hold a share over 50%.
North America is the largest market, with a share about 50%, followed by Asia-Pacific, and Europe, both have a share over 40 percent.
In terms of product, Multiple Seat Golf Cart is the largest segment, with a share over 75%. And in terms of application, the largest application is Golf Courses, followed by Tourist Attraction, etc.
Global Golf Cart Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Golf Cart Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Yamaha Golf Cars, Club Car, Textron (E-Z-Go and Cushman), Guangdong Lvtong, Suzhou Eagle Electric Vehicle Manufacturing, Garia Inc., JH Global Services Inc, Marshell Green Power, Xiamen Dalle Electric Car, American Custom Golf Cars, Columbia Vehicle Group Inc, Speedways Electric, GolfBoard, Golf Skate Caddy, Bintelli Electric Vehicles, CitEcar Electric Vehicles, AGT Electric Cars and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-golf-cart-market-research-report
Segment by Type
- Single Seat Golf Cart
- Walking Follow-up Golf Cart
- Multiple Seat Golf Cart
- Entertainment Type Golf Cart
Segment by Application
- Golf Courses
- Tourist Attraction
Table of Content:
1 Golf Cart Market Overview
2 Golf Cart Market Competition by Manufacturers
3 Golf Cart Retrospective Market Scenario by Region
4 Global Golf Cart Historic Market Analysis by Type
5 Global Golf Cart Historic Market Analysis by Application
6 Key Companies Profiled
7 Golf Cart Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Golf Cart Market Dynamics
10 Global Golf Cart Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.