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Golf Cart Market by Product type and Application - Global Opportunities Analysis and Industry Forecast, 2017-2023

  • ID: 4580528
  • Report
  • February 2018
  • Region: Global
  • 165 pages
  • Allied Analytics LLP
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The global golf cart market was valued at $1,607.75 million in 2016, and is estimated to reach $2,591.69 million by 2023, growing at a CAGR of 7.20% from 2017 to 2023. Golf cart is lightweight utility vehicle, which is used for short-distance transportation across golf course, hotels, hospitals, and others. The global golf cart market is expected to witness significant growth in the future, owing to rising in purchasing power and strengthening economy across the globe.

The Asia-Pacific golf cart market is expected to register the highest CAGR during the forecast period, due to the implementation of stringent government rules & regulations towards vehicle emission and increase in environmental concern across various nations.

The golf cart market is segmented based on product type, application, and geography. On the basis of product type, the market is classified into electric golf cart, gasoline golf cart, and solar golf cart. By application, it is divided as golf course, personal services, and commercial services. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the report are Garia 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., and Yamaha Golf Car Company. The report presents analysis on the key strategies adopted by these players and the detailed analysis of the current trends, upcoming opportunities, and restraints of the golf cart market.

KEY BENEFITS

In-depth analysis and dynamics of the golf cart market is provided to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on the prevailing market opportunities.
Porter’s Five Forces analysis examines the competitive structure and provides a clear understanding of the factors that influence market entry and expansion.
A detailed analysis of the geographical segments enables the identification of profitable segments for market players.

KEY MARKET SEGMENTS

By Product type

Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart

By Application

Golf Course
Personal Services
Commercial Services

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top solar golf carting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.2.3.1. Top winning strategies, by year 2014-2017
3.2.3.2. Top winning strategies, by development 2014-2017
3.2.3.3. Top winning strategies, by company 2014-2017
3.3. PORTER'S FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS, 2015
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Growth in population along with increase in globalization and rise in purchasing power
3.5.1.2. Stringent government rules and regulations towards vehicle emission
3.5.2. Restraints
3.5.2.1. High initial maintenance and purchasing cost
3.5.2.2. Low power and speed
3.5.2.3. Low overall drive range
3.5.3. Opportunities
3.5.3.1. Technological advancement for golf carts
3.5.3.2. Reduction in cost of fuel cells and batteries

CHAPTER 4: GOLF CART MARKET BY PRODUCT TYPE
4.1. OVERVIEW
4.2. ELECTRIC GOLF CART
4.2.1. Key market trends and opportunities
4.2.2. Market size and forecast by region
4.2.3. Market analysis by country
4.3. GASOLINE GOLF CART
4.3.1. Key market trends and opportunities
4.3.2. Market size and forecast by region
4.3.3. Market analysis by country
4.4. SOLAR GOLF CART
4.4.1. Key market trends and opportunities
4.4.2. Market size and forecast by region
4.4.3. Market analysis by country

CHAPTER 5: GOLF CART MARKET BY APPLICATION
5.1. OVERVIEW
5.2. GOLF COURSE
5.2.1. Key market trends
5.2.2. Market size and forecast by region
5.2.3. Market analysis by country
5.3. PERSONAL SERVICES
5.3.1. Key market trends
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country
5.4. COMMERCIAL SERVICES
5.4.1. Key market trends
5.4.2. Market size and forecast by region
5.4.3. Market analysis by country

CHAPTER 6: GOLF CART MARKET BY REGION
6.1. OVERVIEW
6.2. NORTH AMERICA
6.2.1. Key market trends
6.2.2. Market size and forecast by Product type
6.2.3. Market size and forecast by Application
6.2.4. Market analysis by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast
6.2.4.1.2. Market size and forecast, by Product type
6.2.4.1.3. Market size and forecast, by Application
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast
6.2.4.2.2. Market size and forecast, by Product type
6.2.4.2.3. Market size and forecast, by Application
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast
6.2.4.3.2. Market size and forecast, by Product type
6.2.4.3.3. Market size and forecast, by Application
6.3. EUROPE
6.3.1. Key market trends
6.3.2. Market size and forecast by Product type
6.3.3. Market size and forecast by Application
6.3.4. Market analysis by country
6.3.4.1. UK
6.3.4.1.1. Market size and forecast
6.3.4.1.2. Market size and forecast, by Product type
6.3.4.1.3. Market size and forecast, by Application
6.3.4.2. Germany
6.3.4.2.1. Market size and forecast
6.3.4.2.2. Market size and forecast, by Product type
6.3.4.2.3. Market size and forecast, by Application
6.3.4.3. France
6.3.4.3.1. Market size and forecast
6.3.4.3.2. Market size and forecast, by Product type
6.3.4.3.3. Market size and forecast, by Application
6.3.4.4. Russia
6.3.4.4.1. Market size and forecast
6.3.4.4.2. Market size and forecast, by Product type
6.3.4.4.3. Market size and forecast, by Application
6.3.4.5. Rest of Europe
6.3.4.5.1. Market size and forecast
6.3.4.5.2. Market size and forecast, by Product type
6.3.4.5.3. Market size and forecast, by Application
6.4. ASIA-PACIFIC
6.4.1. Key market trends
6.4.2. Market size and forecast by Product type
6.4.3. Market size and forecast by Application
6.4.4. Market analysis by country
6.4.4.1. China
6.4.4.1.1. Market size and forecast
6.4.4.1.2. Market size and forecast, by Product type
6.4.4.1.3. Market size and forecast, by Application
6.4.4.2. India
6.4.4.2.1. Market size and forecast
6.4.4.2.2. Market size and forecast, by Product type
6.4.4.2.3. Market size and forecast, by Application
6.4.4.3. Japan
6.4.4.3.1. Market size and forecast
6.4.4.3.2. Market size and forecast, by Product type
6.4.4.3.3. Market size and forecast, by Application
6.4.4.4. Australia
6.4.4.4.1. Market size and forecast
6.4.4.4.2. Market size and forecast, by Product type
6.4.4.4.3. Market size and forecast, by Application
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Market size and forecast
6.4.4.5.2. Market size and forecast, by Product type
6.4.4.5.3. Market size and forecast, by Application
6.5. LAMEA
6.5.1. Key market trends
6.5.2. Market size and forecast by Product type
6.5.3. Market size and forecast by Application
6.5.4. Market analysis by Region
6.5.4.1. Latin America
6.5.4.1.1. Market size and forecast
6.5.4.1.2. Market size and forecast, by Product type
6.5.4.1.3. Market size and forecast, by Application
6.5.4.2. Middle East
6.5.4.2.1. Market size and forecast
6.5.4.2.2. Market size and forecast, by Product type
6.5.4.2.3. Market size and forecast, by Application
6.5.4.3. Africa
6.5.4.3.1. Market size and forecast
6.5.4.3.2. Market size and forecast, by Product type
6.5.4.3.3. Market size and forecast, by Application

CHAPTER 7: COMPANY PROFILES
7.1. GARIA INC.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. HITACHI CHEMICAL CO., LTD.
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.3. INGERSOLL-RAND PLC
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments
7.4. JH GLOBAL SERVICES, INC.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Key strategic moves and developments
7.5. MAINI MATERIALS MOVEMENT PVT LTD.
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.6. SUZHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.7. TEXTRON SPECIALIZED VEHICLES INC.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments
7.8. TOMBERLIN
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product portfolio
7.8.4. Key strategic moves and developments
7.9. XIAMEN DALLE ELECTRIC CAR CO., LTD
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments
7.10. YAMAHA GOLF CAR COMPANY
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments
Note: Product cover images may vary from those shown
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According to a new report Golf cart Market by Product type and Application: Global Opportunities Analysis and Industry Forecast, 2017-2023, the golf cart market was valued at $ 1,607.75 million in 2016, and is projected to reach at $ 2,591.69 million by 2023, growing at a CAGR of 7.20% from 2017 to 2023.

A golf cart is a lightweight motorized vehicle used for the short-distance transportation of golfers around the golf course, and makes it easier for them to carry the required accessories.

In 2016, electric golf cart segment dominated the market, in terms of revenue, due to increase in investment on building golf course infrastructure. North America was the highest revenue contributor to the golf cart market in 2016, accounting for around 38.76% share, owing to surge in demand for mobility for short distance across the villages and community areas.

The report features a competitive scenario of the golf cart market and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are Garia 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., and Yamaha Golf Car Company. These players have adopted competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

Key findings of the Golf Cart Market:

The electric golf cart segment accounted for the highest share in 2016, growing at a CAGR of 7.80% from 2017 to 2023.
Golf course segment generated the highest revenue, accounting for $724.88 million in 2016.
North America is expected to dominate the market, in terms of market share, during the forecast period.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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