Market Highlights
Golf carts are designed toquietly and efficiently move passengers and their baggage, gears, equipment,and supplies safely at low-speed. Resorts and clubs adopt such carts to connecttransportation centers, and coordinate outings for guests at tournaments,special events, and expeditions.
The growing popularity of golf,across the globe, need of economical and convenient alternative to travel shortdistances, and new resorts and hotels, are expected to drive the global golfcart market. Furthermore, with the rising demand to reduce carbon emissions andstringent government regulations, the global golf cart market is expected to witnesssubstantial growth during the forecast period.
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Manufacturers, around the globeare working on providing additional and advanced features to make golf cartsmore efficient, cost-effective and safer. Off-road tires, plastic battery tray,functional rear and front bumpers, and foldable windshield are some of theunique features of the golf carts by players in the market.
Golf & recreation, peoplemovers, street legal, off-road, and commercial used in airports, railways, golfcourses, and residential purposes are the categories of golf carts offered bythe manufacturers.
Market Research Analysis
In terms of region, the globalmarket for golf cart is segmented into North America, Europe, Asia-Pacific, andthe Rest of the World. North America is expected to hold the highest share inthe global golf cart market, owing to an increase in demand for comfortand commute between distances within places, such as hotels, resorts andairports. Furthermore, the shifting interest of users for more economical andconvenient alternatives is expected to add to the North America golf cart market.
The rise in per capita disposableincome and new resorts, hotels, airports, and golf course, are expected toincrease the demand of golf carts in Asia-Pacific. Furthermore, the demand formotorized vehicles is expected to be an opportunity in countries, such asIndia, Indonesia, Malaysia, Australia, and China owing to the demand forpollution free, economical, and reliable alternatives to travel shortdistances.
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Scope of the Report
This study provides an overviewof the globalgolf cart market, tracking four market segments across four geographicregions. The report studies key players and provide a five-year annual trendanalysis, which highlights market size, volume, and share for North America,Europe, Asia-Pacific, and the Rest of the World. The report also provides aforecast, which focuses on the market opportunities for the next five years foreach region. The scope of the study segments the global golf cart market bysolutions, 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
Key Players
The prominent players in theglobal golf cart market are Yamaha Golf-Car Company (US), STAR EV (US), GariaA/S (Denmark), Bradshaw Electric Vehicles (UK), E-Z-GO (US), Marshell GreenPower (China), Spoleman OÜ (Estonia), Polaris Industries, Inc. (US), GuangdongLvtong New Energy Electric Vehicle Technology Co., LTD. (China), SpeedwaysElectric (India), and Autopower (India)
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About Market Research Future:
Market Research Future (MRFR) isa global market research firm that takes great pleasure in its services,providing a detailed and reliable study of diverse industries and consumersworldwide. MRFR's methodology integrates proprietary information with differentdata sources to provide the client with a comprehensive understanding of thecurrent key trends, upcoming events, and the steps to be taken based on thoseaspects.
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