According to the latest report Golf Cart Market Golf Cart Market Research Report: Information by Propulsion Type (Electric and Gasoline), Seating Capacity (Small, Medium, Large), Application (Golf Course, Railways, Hotels & Resorts, Multi-residential Complexes), and Region – Global Forecast till 2023, Golf Cart Market Size To Expand at a Notable CAGR Of 6.9% During 2019 – 2023
Global Golf Cart Market Key Players
MRFR has profiled some of the renowned companies operating in the global golf cart market. They are; Marshell Green Power (China), Spoleman OÜ (Estonia), Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD. (China), Yamaha Golf-Car Company (US), STAR EV (US), Garia A/S (Denmark), Bradshaw Electric Vehicles (UK), Polaris Industries, Inc. (US), E-Z-GO (US), multi-residential complexes, Speedways Electric (India), and Autopower (India).
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Global Golf Cart Market Highlights
Market Research Future (MRFR) in the global golf cart market is expected to register an impressive CAGR of approximately 6.9% during the forecast period (2018–2023).
The ease with which golf carts move passengers and other commodities such as baggage, equipment, gears, and supplies are observed to prompt the global golf carts market growth. The feasibility offered by golf carts in short distance transportation is proving to be extremely beneficial for hospitality of people in resorts, clubs, and hotels among others. Additionally, gold carts help in coordinating guest outings for special events, tournament, and expeditions. Alongside, the increasing popularity of golf is also surging the sales volume of gold cart. Environmental concern is rising among people. Hence, the need for curbing down carbon emission is high, owing to environmental stringent rules passed by governments, across the world. This, in turn, is expected to amplify the growth of the global golf cart market growth over the assessment period, as gold carts are environmentally friendly. The presence of prominent companies operating in the global golf cart market are making efforts in the manufacturing of economical, safer, and more efficient golf carts. The incorporation of features like off-road tires, functional rear and front bumpers, plastic battery tray, and foldable windshield are likely to modify golf carts to a better version, which is anticipated to spur the growth of the global golf cart market over the review period. The availability of golf carts that serves several purposes like off-road, people movers, street legal, residential purpose, and commercial purposes among others are also expected to reinforce the global gold cart market growth.
Golf Cart Market Segmental Analysis
The global golf cart market has been segmented on the basis of propulsion type, application, and seating capacity.
On the basis of propulsion type, the global golf cart market has been segmented into gasoline golf cart and electric golf cart.
On the basis of seating capacity, the global golf cart market has been segmented into medium (6-10-seater), small (2-4-seater), and large (More than 10).
On the basis of application, the global golf cart market has been segmented into hotels & resorts, airports, multi-residential complexes, railways, golf courses, and others.
Golf Cart Market Regional Outlook
Regionally, the global golf cart market has been analysed across three key regions and the Rest of the World (RoW). The three key regions are; North America, Europe, and Asia-Pacific. Regional analysis of the golf cart market helps in comprehending the regional progress of the market.
MRFR forecasts that North America is likely to hold a considerable share of the global gold cart market over the evaluation period. The North American gold cart market is expected to surge due to the growing demand for mobility solutions over shorter distances. Moreover, the government’s initiatives for launching eco-friendly or electric golf carts is observed to surge the demand for golf carts across golf courses, hotels and resorts, and others, which is anticipated to raise spur the growth of the regional market over the review period.
List of Tables:
TABLE 1 GLOBAL GOLF CART MARKET: BY REGION, 2018–2023
TABLE 2 NORTH AMERICA: GOLF CART MARKET: BY COUNTRY, 2018–2023
TABLE 3 EUROPE: GOLF CART MARKET: BY COUNTRY, 2018–2023
TABLE 4 ASIA-PACIFIC: GOLF CART MARKET: BY COUNTRY, 2018–2023
TABLE 5 ROW: GOLF CART MARKET: BY REGION, 2018–2023
TABLE 6 GLOBAL GOLF CART MARKET, BY PROPULSION TYPE, BY REGIONS, 2018–2023
TABLE 7 NORTH AMERICA: GOLF CART MARKET, BY PROPULSION TYPE, BY COUNTRY, 2018–2023
TABLE 8 EUROPE: GOLF CART MARKET, BY PROPULSION TYPE, BY COUNTRY, 2018–2023
TABLE 9 ASIA-PACIFIC: GOLF CART MARKET, BY PROPULSION TYPE, BY COUNTRY, 2018–2023
TABLE 10 ROW: GOLF CART MARKET, BY PROPULSION TYPE, BY COUNTRY, 2018–2023
List of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP-DOWN AND BOTTOM-UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL GOLF CART MARKET SHARE, BY PROPULSION TYPE, 2017 (%)
FIGURE 9 GLOBAL GOLF CART MARKET, BY PROPULSION TYPE, 2018–2023 (USD MILLION)
FIGURE 10 GLOBAL GOLF CART MARKET SHARE, BY SEATING CAPACITY, 2017 (%)
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