Maximize Market Research's latest report, " Global Golf Cart Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Golf Cart Market is expected to reach US$ XX Mn by 2026 from US$ 1,788.93 Mn in 2018 at CAGR of XX%.
Global Golf Cart Market Overview
Golf cart are essentially used to travel short distances, they can also be used in different location for different purposes such as resorts, hotels and retirement villages and others. These carts are also used in airports and shopping malls to carry luggage over short distance or inside a building. The participation rate in golf game is increasing owing to increasing personal disposable income of consumers and changing life style. Rapid growth in population and rise in globalization boost the economy, thus impacting the purchasing power of individuals. This in turn develops the standard of living, nature of expenses, and mode of transportation. These factors lead to innovation of hybrid and electric utility vehicles, so fueling the demand for golf carts in the market.
Solar golf carts are increasing at a faster rate as they incur low maintenance cost. Solar golf carts powered by mounting a photovoltaic (PV) or thin film panel on top of the existing roof or using a PV panel as the roof itself. A controller converts the solar/sun’s energy to charge the golf cart's 36-volt or 48-volt battery bank. Not only does the solar power take the cart off the electric grid, but also increases the driving distance and extends the life of the batteries.
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Global Golf Cart Market Major Market Players
• Aria Inc.
• 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.
• Tomberlin
• Xiamen Dalle Electric Car Co. Ltd.
• Yamaha Golf Car Company
• Garia A/S
• Columbia Vehicle Group Inc.
• KC Golf Cart, Co.
• JK India Fabs
• SpeedwaysElectric
• Volmac Engg. Private Limited.
• Marshell Green Power
• Autopower.
• Prevalence Ltd.
• Tianjin Zhongyi Electric Vehicle Co.,Ltd.
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Golf Cart Market by Types and Applications:
Global Golf Cart Market, by Product
• Electric Golf Cart
• Gasoline Golf Cart
• Solar Golf Cart
Global Golf Cart Market, by Application
• Golf Course
• Personal Services
• Commercial Services
The report has covered the market size by country (regions) for the global Golf Cart market. Segment by Application. The Golf Cart Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Golf Cart Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Golf Cart Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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