Global Golf Cart Market Size, Demand, Opportunity & Growth Outlook 2023

  • ID: 4326516
  • Report
  • Region: Global
  • 207 pages
  • Research Nester Pvt. Ltd
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The Global Golf Cart Market was Valued at USD 2 Billion in 2016 and is Expected to Register a 6.14% CAGR Over the Forecast Period

FEATURED COMPANIES

  • Hitachi Chemical
  • Ingersol Rand PLC
  • Textron
  • Yamaha Motors Co. Ltd
  • MORE
Global golf cart market is expected to expand at a CAGR of 6.14% during the forecast period of 2016-2023. The market is expected to witness a robust growth owing to the increasing demand for electric golf cart for various end uses such as hotels, resorts, residential apartments, commercial complex and others. Further, due to heavy demand for eco-friendly product and surging prices of fuel, electric golf cart witness the highest market share of the global golf market.

North America is anticipated to hold the highest market share of 56% in terms of revenue by the end of 2023. The region’s dominance is due to the advancement in technology and rejuvenation of the golf industry in the U.S. Further, in North America, U.S. to remain the most lucrative market for existing and new players looking for business expansion or investment in electric LSV market.

Asia-Pacific is anticipated to be the second largest market, owing to the increasing use of electric golf cart in other end use industry such as residential apartments, airports, malls and others. In Asia-Pacific a highest demand is projected to come from Japan followed by China, Australia & India.

The demand for electric powered golf cart is anticipated to increase in terms of value during the forecast period on the back of low maintenance requirement of solar powered golf carts. These advancements are expected to impact positively on the growth of global golf cart market. Further, the rising trend of golf sports and large scale application of golf carts in hospitality industry is expected to bolster the demand for golf carts during the forecast period. Moreover, Countries such as India, China, South Africa, Brazil, and South Korea have undergone rapid urbanization over the past decade. This swift rise of urbanization and industrialization is expected to boost mall culture, hi-tech and smart housing projects, and amusement and theme parks. All these developments are expected to drive the demand for internal transportation to carry people and goods, thus creating significant demand for golf carts.

Furthermore, rapid expansion of urbanization leads to increase in the number of state of the art residential societies with golf courses across the globe. The rising number of golf courses in developing nations such as India, China is impacting positively on the growth of golf cart market. The urbanization is changing the lifestyle of the population and also raising awareness towards the increasing fuel emissions. The rising disposable income of the population is allowing them to spend more on commuting vehicles such as golf carts.

However, high cost of maintenance of golf carts which are powered by gasoline is believed to dampen the growth of global golf cart market. Moreover, presence of local manufacturers and lack of standards and regulations is leading the manufacturers to produce low-quality golf carts.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Hitachi Chemical
  • Ingersol Rand PLC
  • Textron
  • Yamaha Motors Co. Ltd
  • MORE
1. Executive Summary

2. Research Methodology

3. Risk Analysis
3.1. Demand Risk
3.2. Supply Risk

4. Global Golf Cart Market Size and Forecast, 2016-2023

5. Market Dynamics & Its Impact Analysis
5.1. Growth Drivers
5.2. Challenges
5.3. Trends

6. Global Golf Cart Market Segmentation Analysis
6.1. Golf Cart By Fuel Type Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.1.1. Electric Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.1.2. Gas Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.1.3. Gasoline Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.1.4. Market Attractiveness By Fuel Type
6.1.5. BPS Analysis By Fuel Type
6.2. Golf Cart By End-use Industry Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.2.1. Golf Cart used in Golf Courses Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.2.2. Golf Cart used in Hotels & Resorts Market - Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.2.3. Golf Cart used in Tourist Destinations Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.2.4. Golf Cart used in Airports Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.2.5. Golf Cart used in Residential and Commercial Premises Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.2.6. Golf Cart used in Other Institutions Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.2.7. Market Attractiveness By End-Use Industry
6.2.8. BPS Analysis By End-Use Industry
6.3. By Region Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
6.3.1. North America Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
6.3.1.1. By Country
6.3.1.1.1. U.S. Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.1.2. Canada Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.1.3. Market Attractiveness By Country
6.3.1.1.4. BPS Analysis By Country
6.3.1.2. North-America Golf Cart By Fuel Type Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.2.1. North-America Electric Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.2.2. North-America Natural Gas Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.2.3. North-America Gasoline Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.2.4. Market Attractiveness By Fuel Type
6.3.1.2.5. BPS Analysis By Fuel Type
6.3.1.3. North-America Golf Cart By End-use Industry Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.3.1. North-America Golf Cart used in Golf Courses Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.3.2. North-America Golf Cart used in Hotels & Resorts Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.3.3. North-America Golf Cart used in Tourist Destinations Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.3.4. North-America Golf Cart used in Airports Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.3.5. North-America Golf Cart used in Residential and Commercial Premises Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.3.6. North-America Golf Cart used in Other Institutions Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.1.3.7. Market Attractiveness By End-Use Industry
6.3.1.3.8. BPS Analysis By End-Use Industry
6.3.2. Latin America Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
6.3.2.1. By Country
6.3.2.1.1. Mexico Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.1.2. Brazil Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.1.3. Rest of Latin America Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.1.4. Market Attractiveness By Country
6.3.2.1.5. BPS Analysis By Country
6.3.2.2. Latin-America Golf Cart By Fuel Type Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.2.1. Latin-America Electric Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.2.2. Latin-America Natural Gas Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.2.3. Latin-America Gasoline Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.2.4. Market Attractiveness By Fuel Type
6.3.2.2.5. BPS Analysis By Fuel Type
6.3.2.3. Latin-America Golf Cart By End-use Industry Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.3.1. Latin-America Golf Cart used in Golf Courses Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.3.2. Latin-America Golf Cart used in Hotels & Resorts Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.3.3. Latin-America Golf Cart used in Tourist Destinations Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.3.4. Latin-America Golf Cart used in Airports Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.3.5. Latin-America Golf Cart used in Residential and Commercial Premises Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.3.6. Latin-America Golf Cart used in Other Institutions Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.2.3.7. Market Attractiveness By End-Use Industry
6.3.2.3.8. BPS Analysis By End-Use Industry
6.3.3. Europe Market Size ($ Million) & Y-O-Y Growth & Share Analysis, 2016-2023
6.3.3.1. By Country
6.3.3.1.1. U.K. Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.1.2. Germany Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.1.3. France Market Size ($ Million) & Y-O-Y Growth Analysis, 2016-2023
6.3.3.1.4. Italy Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.1.5. Spain Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.1.6. Hungary Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.1.7. BENELUX Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.1.8. Russia Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.1.9. Poland Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.1.10. Market Attractiveness By Country
6.3.3.1.11. BPS Analysis By Country
6.3.3.2. Europe Golf Cart By Fuel Type Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.2.1. Europe Electric Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.2.2. Europe Gas Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.2.3. Europe Gasoline Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.2.4. Market Attractiveness By Fuel Type
6.3.3.2.5. BPS Analysis By Fuel Type
6.3.3.3. Europe Golf Cart By End-use Industry Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.3.1. Europe Golf Cart used in Golf Courses Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.3.2. Europe Golf Cart used in Hotels & Resorts Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.3.3. Europe Golf Cart used in Tourist Destinations Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.3.4. Europe Golf Cart used in Airports Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.3.5. Europe Golf Cart used in Residential and Commercial Premises Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.3.6. Europe Golf Cart used in Other Institutions Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.3.3.7. Market Attractiveness By End-Use Industry
6.3.3.3.8. BPS Analysis By End-Use Industry
6.3.4. Asia Pacific Market Size ($) & Y-O-Y Growth Analysis (% Million), 2016-2023
6.3.4.1. By Country
6.3.4.1.1. India Market Size ($) & Y-O-Y Growth Analysis (% Million), 2016-2023
6.3.4.1.2. China Market Size ($) & Y-O-Y Growth Analysis (% Million), 2016-2023
6.3.4.1.3. Japan Market Size ($) & Y-O-Y Growth Analysis (% Million), 2016-2023
6.3.4.1.4. Singapore Market Size ($) & Y-O-Y Growth Analysis (% Million), 2016-2023
6.3.4.1.5. Australia Market Size ($) & Y-O-Y Growth Analysis (% Million), 2016-2023
6.3.4.1.6. New Zealand Market Size ($) & Y-O-Y Growth Analysis (% Million), 2016-2023
6.3.4.1.7. South Korea Market Size ($) & Y-O-Y Growth Analysis (% Million), 2016-2023
6.3.4.1.8. Market Attractiveness By Country
6.3.4.1.9. BPS Analysis By Country
6.3.4.2. Asia-Pacific Golf Cart By Fuel Type Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.4.2.1. Asia-Pacific Electric Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.4.2.2. Asia-Pacific Natural Gas Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.4.2.3. Asia-Pacific Gasoline Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.4.2.4. Market Attractiveness By Fuel Type
6.3.4.2.5. BPS Analysis By Fuel Type
6.3.4.3. Asia-Pacific Golf Cart By End-use Industry Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.4.3.1. Asia-Pacific Golf Cart used in Golf Courses Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.4.3.2. Asia-Pacific Golf Cart used in Hotels & Resorts Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.4.3.3. Asia-Pacific Golf Cart used in Tourist Destinations Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.4.3.4. Asia-Pacific Golf Cart used in Airports Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.4.3.5. Asia-Pacific Golf Cart used in Residential and Commercial Premises Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.4.3.6. Asia-Pacific Golf Cart used in Other Institutions Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.4.3.7. Market Attractiveness By End-Use Industry
6.3.4.3.8. BPS Analysis By End-Use Industry
6.3.5. Middle East & Africa Market Size ($ Million) & Y-O-Y Growth & Share Analysis, 2016-2023
6.3.5.1. By Country
6.3.5.1.1. GCC Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.1.2. North Africa Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.1.3. South Africa Market Size ($ Million) & Y-O-Y Growth Analysis, 2016-2023
6.3.5.1.4. Market Attractiveness By Country
6.3.5.1.5. BPS Analysis By Country
6.3.5.2. Middle East & Africa Golf Cart By Fuel Type Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.2.1. Middle East & Africa Electric Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.2.2. Middle East & Africa Natural Gas Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.2.3. Middle East & Africa Gasoline Powered Golf Cart Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.2.4. Market Attractiveness By Fuel Type
6.3.5.2.5. BPS Analysis By Fuel Type
6.3.5.3. Middle East & Africa Golf Cart By End-use Industry Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.3.1. Middle East & Africa Golf Cart used in Golf Courses Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.3.2. Middle East & Africa Golf Cart used in Hotels & Resorts Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.3.3. Middle East & Africa Golf Cart used in Tourists Destinations Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.3.4. Middle East & Africa Golf Cart used in Airports Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.3.5. Middle East & Africa Golf Cart used in Residential and Commercial Premises Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.3.6. Middle East & Africa Golf Cart used in Other Institutions Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
6.3.5.3.7. Market Attractiveness By End-Use Industry
6.3.5.3.8. BPS Analysis By End-Use Industry

7. Porter’s Five Force Model Analysis

8. Competitive Landscape
8.1 Company Profiles
8.1.1. Ingersol Rand PLC
8.1.2. Key Financials
8.1.3. Recent Developments
8.2.1. Hitachi Chemical
8.2.2. Key Financials
8.2.3. Recent Developments
8.3.1. Yamaha Motors Co. Ltd
8.3.2. Key Financials
8.3.3. Recent Developments
8.3.1. Textron
8.3.2. Key Financials
8.3.3. Recent Developments
Note: Product cover images may vary from those shown
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  • Hitachi Chemical
  • Ingersol Rand PLC
  • Textron
  • Yamaha Motors Co. Ltd
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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