Golf Cart Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Golf cart is a type of low-speed vehicle driven by electric motors, which is gas-powered and is specifically envisioned for utilization in golf courses for transportation of golfers and equipment within the course premises. It is also known as non-highway or off-road vehicle with the average speed between 25 and 50 kmph.

MARKET SCOPE

The "Global Golf cart Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the golf cart market with detailed market segmentation by product type, application, and geography. The report provides key statistics on the market status of the leading golf cart market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

•   The global golf cart market is segmented on the basis of product type, and application.
  
•   On the basis of product type, the market is segmented as push-pull, gasoline, electric, and others.
  
•   Based on application the market is segmented as golf course, personal use, industry use, and rental services.
  

MARKET DYNAMICS
Drivers:

•   Rise in utilization of golf cart vehicles in hotels, hospitality, tourism industries, and amusement parks are anticipated to boost growth of the golf cart market globally.
  
•   Increase in urbanization & industrialization; shift toward mall culture; hi-tech & smart residential and commercial housing projects.
  

Restraints

•   The major market factor hampering the industry growth is the requirement of frequent service & repair for gas-powered golf cars.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The golf cart market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Golf cart market in these regions.

IMPACT OF COVID-19 ON GOLF CART MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Golf Cart Market Report Analysis

Golf Cart Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Columbia Vehicle Group Inc.
• Cruise Car,Inc.
• Garia A/S
• HDK Co.,Ltd.
• Hitachi Chemical Co., Ltd (Hitachi Ltd.)
• Ingersoll-Rand plc
• JH Global Services, Inc.
• Polaris Industries, Inc.
• Textron Specialized Vehicles (Textron Inc.)

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product Type

• Push-Pull
• Gasoline
• Electric

By Application

• Golf Course
• Personal Use
• Industry Use
• Rental Services

MARKET PLAYERS

The report covers key developments in the golf cart market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Golf cart market market are anticipated to lucrative growth opportunities in the future with the rising demand for Golf cart market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Golf cart market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Club Car, LLC
  
•   EverGreen Electrical Vehicles
  
•   E-Z-GO
  
•   Columbia ParCar Corp
  
•   Yamaha Golf-Car Company
  
•   Xiamen Dalle Electric Car Co., Ltd
  
•   Hitachi Chemical Co., Ltd.
  
•   Maini Material Movement Pvt. Ltd.
  
•   Garia Luxury Golf Car
  
•   Cruise Car, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Golf Cart Market Report Scope