Press release
Golf Cart Market Opportunities, Industry Challenges and Market Analysis By 2025
Golf cart is a gas-powered, low-speed vehicle driven by electric motors, which is utilization in golf courses for transportation of golfers and the equipment within the course premises. It is also known as non-highway or off-road vehicle with the average speed between 25‐50 km ph.
Increase in urbanization & industrialization; hi-tech & smart residential & commercial housing projects; and rise in utilization of golf cart vehicles in hotels, hospitality, tourism industries, and amusement parks are anticipated to fuel the growth of the global golf cart market. Moreover, the usage of golf carts for short trips in educational institutions, such as colleges & universities, and in airports is expected to propel their demand.
The Americas to dominate this market during the forecast period as it hosts the largest number of golf courses and golf cart manufacturers in the world. High market share of this region is facilitated by the power propulsion battery demand in electric golf carts, which results in its healthy market share of nearly 49% by 2019.
The global Golf Cart market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Golf Cart in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Club Car
EverGreen Electrical Vehicles
E-Z-GO
Yamaha Golf-Car Company
Xiamen Dalle Electric Car
Hitachi Chemical
Garia Luxury Golf Car
Cruise Car
By the product type, the market is primarily split into
Push-Pull Golf Cart
Gasoline Golf Cart
Electric Golf Cart
Solar Powered Golf Cart
By the end users/application, this report covers the following segments
Golf Courses
Personal Use
Industry Use
Rental Services
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