Golf Cart Market

2019 Analysis and Review Golf Cart Market by Application- Golf Course, Personal Use, Industry Use, Rental Services, Others for 2019 - 2029

  • 2020-02-24
  • REP-GB-230
  • 40 Tables
  • 136 Figures
  • 215 pages
  • PDF PPT EXCEL
 Golf Cart Market

An Incisive, In-depth Analysis on the Golf Cart Market

This study offers a comprehensive, 360 degree analysis on the Golf Cart market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Golf Cart market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Golf Cart Market - Key Research Findings

global golf cart market snapshot

  1. The golf cart market is estimated to be valued at ~US$ 3 Bn by 2019-end.
  2. The golf cart market is projected to rise at a CAGR of ~5% during the forecast period of 2019-2029.
  3. Electric golf carts are anticipated to witness relatively high demand as compared to heir gasoline-driven counterparts, on the account of various factors such as eco-friendliness, zero carbon emission and complete elimination of noise.
  4. Rapid growth in the tourism and hospitality industry along with increasing demand for custom-designed golf carts such as speed-modified golf carts and personal golf carts have significantly resulted in the growth of the golf cart market in regions such as North America, Europe, and Asia.
  5. Solar-powered golf carts are expected to garner significant traction during the forecast period amid growing inclination of end users towards the use of renewable energy.
  6. Growth prospects of the golf cart market will continue to remain high in North America, on the back of increasing demand for personalized golf carts along with growing areas of application in college campuses and military bases.
  7. Environmental and economic benefits of newer version of golf carts, in addition to use of alternative fuels, lower operational costs, smaller sizes are likely to account for greater gains in the market.
  8. The golf cart market in countries such as China, Mexico, India, and Brazil is likely to grow significantly, with swift growth in urban population, which has boosted the culture of hi-tech & smart housing ventures, amusement, and theme parks.

Important Factors Shaping the Golf Cart Market

  • Adoption of Golf Carts for Promotional Activities

    Apart from their traditional use in golf course, golf carts are increasingly employed for promotional and marketing activities and short distance transportation at airports and resorts. In an attempt to attract a large number of customers, various end users are modifying golf carts to accommodate their advertisement boards and banners. 

    For instance, in India, manufacturers are showing interest and putting immense efforts in deploying golf carts at Chennai airport and providing free transportation to passengers and finding sponsors that are willing to publicize and endorse their amenities or products.

  • Increasing Application Scope of Golf Carts in Different Verticals

    The use of golf carts has been gaining increasing momentum in sports events, airports, resorts, golf clubs, golf tourism, hospitals, railway stations, military bases, college campuses, and housing projects. Moreover, golf carts are safer, easy to drive, cheaper means of transport, and provide ease of operation. 

    Electric golf carts that offer significant environmental advantages over conventional gasoline or diesel-driven vehicles are likely to witness robust demand in the coming years. The ability to eliminate emission of greenhouse gases, ozone forming toxins, noise pollution will remain instrumental in growing demand for electric golf carts and consequently for golf cart batteries as well. 

    In recent years, the use of golf carts as a means public transport has been becoming popular, as they can be used as a substitute for fossil-fuelled passenger cars. Furthermore, golf carts are emerging as a significant part of industries for internal transportation. As a result, growth of the manufacturing sector, especially in developing countries, is expected to create healthy growth opportunities for manufacturers of golf carts.

  • Increasing Number of Golf Cart Rental Services

    With uptake of car rental services globally, awareness regarding the use of golf carts as a means of internal transportation, has also witnessed an increase in various events such as expos, symposiums, tradeshows, exhibitions, and weddings. However, the use of golf carts in such events is limited to a couple of days or weeks, thereby end users are showing preference for rental services. Event management firms are increasingly opting for golf cart rentals to meet their internal transportation needs, which is likely to complement the market growth. In order to cater to changing demand and maintain their position in the market, most of the domestic manufacturers are focusing on extending their golf cart rental services.

Golf Cart Market Structure Assessment

  • The golf cart market shows a fair level of fragmentation, wherein tier-2 players grasp majority of the revenue share.
  • Various market players are continuously focusing on offering customized golf carts according to end-use industry requirements and areas of application.
  • Emerging market players in the golf cart market are improving their product handout by investing in research and development activities and offering innovative golf carts.
  • Significant number of golf cart manufacturers are targeting to enter North America, Western Europe, and Asia, where infrastructure development activities are increasing.
  • Some of the major frontrunners have established their foothold in the golf cart market - E-Z-GO, Columbia ParCar Corp, Garia Luxury Golf Car, EverGreen Electrical Vehicles, Club Car, LLC, Hitachi Chemical Co., Ltd., Xiamen Dalle Electric Car Co., Ltd, Yamaha Golf-Car Company, Maini Material Movement Pvt. Ltd., and Cruise Car, Inc. These companies are set to contribute significantly to the global turnover generated from the automotive industry.

Golf Cart Market Analysis 2019-2029

Future Market Insights (FMI) recently published a new report on the golf cart market that includes global industry analysis for 2014-2018 & forecast for 2019-2029, and offers a comprehensive assessment of the most market dynamics. After conducting thorough research on the historical as well as current growth parameters of the golf cart market, growth prospects of the market are obtained with maximum precision.

Market Segmentation

The global golf cart market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product

Application

Operation

Ownership

Region

  • Electric golf carts
  • Push-pull golf carts
  • Solar-powered golf carts
  • Gasoline golf carts
  • Golf Course
  • Personal Use
  • Industry Use
  • Rental Services
  • Others
  • Manual
  • Powered
  • Rented
  • Fully Owned
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • MEA
  • Japan

Report Chapters

Chapter 01 – Executive Summary

The report commences with the executive summary of the golf cart market, which includes a summary of the key findings and statistics of the market. It also includes the global market outlook, supply-side as well as demand-side trends, recommendations, etc.

Chapter 02 – Market Overview

In this chapter, readers can find the definition and detailed segmentation of the golf cart market, which will help understand the basic information about the golf cart market. This section highlights the inclusions and exclusions, which help readers understand the scope of the golf cart market report. The report also includes, the definition which will help understand the basic information about the golf cart market. This will help readers understand the scope of the golf cart market report.

Chapter 03 – Market Dynamics

This section includes the key inclusions of the report. It includes drivers, restraints, opportunities, market trends, factors affecting the golf cart market, regulations and key developments of the golf cart market.

Chapter 04 – Global Golf Cart Market Volume (Units) and Value (US$ Mn) Analysis 2014 - 2018 & Forecast 2019 - 2029

The chapter also includes global golf cart market volume (units) and value (US$ Mn) analysis for 2014-2018 and forecast for 2019-2029. This section explains emerging trends in the global golf cart market and market snapshot. This section also highlights the price of golf carts in several regions throughout the globe. The pricing benchmark for manufacturer- and distributor-level pricing is analyzed in this section.

Chapter 05 – Global Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 - 2029, by Product

Based on product, the golf cart market is segmented into push-pull golf carts, gasoline golf carts, electric golf carts, and solar-powered golf cart. In this chapter, readers can find information about the key trends and developments in the golf cart market and market attractiveness analysis based on product.

Chapter 06 – Global Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 - 2029, by Operation

Based on operation, the golf cart market is segmented into manual and powered. In this chapter, readers can find information about the key trends and developments in the golf cart market and market attractiveness analysis based on operation.

Chapter 07 – Global Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 - 2029, by Application

Based on application, the golf cart market is segmented into golf course, personal use, industry use, rental services, and others. In this chapter, readers can find information about the key trends and developments in the golf cart market and market attractiveness analysis based on application.

Chapter 08 – Global Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 - 2029, by Ownership

Based on ownership, the golf cart market is segmented into rented golf carts and fully-owned golf carts. In this chapter, readers can find information about the key trends and developments in the golf cart market and market attractiveness analysis based on ownership.

Chapter 09 – Global Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 - 2029, by Region

This chapter explains how the golf cart market will grow across several geographic regions, such as North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, and Japan.

Chapter 10 – North America Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 - 2029

This chapter includes a detailed analysis of the growth of the North America golf cart market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on technologies and countries in North America.

Chapter 11– Latin America Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 – 2029

This chapter includes a detailed analysis of the growth of the Latin America golf cart market, along with a country-wise assessment that includes Brazil, Mexico, and the Rest of Latin America. Readers can also find regional trends, regulations, and market growth based on technologies and countries in Latin America.

Chapter 12 – Western Europe Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 – 2029

This chapter includes a detailed analysis of the growth of the Europe golf cart market, along with a country-wise assessment that includes Germany, France, the UK, Italy, and the Rest of Western Europe. Readers can also find regional trends, regulations, and market growth based on technologies and countries in Western Europe.

Chapter 13 – Eastern Europe Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 – 2029

This chapter includes a detailed analysis of the growth of the Eastern Europe golf cart market, along with a country-wise assessment that includes Russia, Poland, and Rest of Eastern Europe. Readers can also find regional trends, regulations, and market growth based on technologies and countries in Eastern Europe.

Chapter 14 – APEJ Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 – 2029

This chapter includes a detailed analysis of the growth of the China, India, Australia and New Zealand, and the Rest of APEJ. Readers can also find regional trends, regulations, and market growth based on technologies and countries in APEJ.

Chapter 15 – Middle East & Africa (MEA) Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 - 2029

This chapter provides information about how the golf cart market will grow in countries of the Middle East & Africa (MEA), UAE, South Africa, Turkey, and Rest of MEA during the forecast period of 2019-2029. Readers can also find regional trends, regulations, and market growth based on technologies and countries in MEA.

Chapter 16 – Japan Golf Cart Market Analysis 2014 - 2018 & Forecast 2019 – 2029

This chapter includes a detailed analysis of the growth of Japan. Readers can also find regional trends, regulations, and market growth based on technologies and countries in Japan.

Chapter 17 – Competitive Landscape and Company Profiles

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the golf cart market, along with their market presence analysis by region and product portfolio.

Readers can find a comprehensive list of all the prominent stakeholders in the golf cart market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the golf carts report are E-Z-GO, Columbia ParCar Corp, Garia Luxury Golf Car, EverGreen Electrical Vehicles, Club Car, LLC, Hitachi Chemical Co., Ltd., Xiamen Dalle Electric Car Co., Ltd, Yamaha Golf-Car Company, and among others.

Chapter 18 – Revised Forecast Rationale

This chapter includes previous year’s forecast analysis value (US$ Mn) and current forecast analysis value (US$ Mn) of the golf cart market.

Chapter 19 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the golf cart market report.

Chapter 20 – Research Methodology

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the golf cart market.

Sources and Primary Research Splits (%)

Industry Interactions

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Yesteryear Trends 
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and long-Term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity of Assumptions

Primary Interview Splits golf cart market designations

References Catalogue

  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits golf cart market stakeholders

Get in touch

Harish Tiwari

Harish Tiwari

Global Head - Business Development

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