Golf Cart Market Explore Future Growth 2018-2026 by Global Top Players Club Car, LLC, Columbia ParCar Corp, Cruise Car, Inc, EverGreen Electrical Vehicles, E-Z-GO, Garia Luxury Golf Car, Xiamen Dalle Electric Car Co., Ltd, and Yamaha Golf-Car Company

The global golf cart market generated a revenue of US$ 3,262.3 million in 2016 and is projected to exhibit a CAGR of 5.95% over the forecast period, reaching US$ 5,590.0 million by 2025.

Market Dynamics

Increasing demand for electric golf carts is a key factor driving growth of the golf cart market. Increasing demand for pollution-free vehicles, surging prices of fuels, and low maintenance cost of electric golf carts have contributed to the rapid growth of the electric golf cart segment. Furthermore, growing urbanization and industrialization have increased the demand for internal transportation to carry goods and people. This in turn, fuels demand for golf carts, thus driving growth of the golf cart market.

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Market Taxonomy

This report segments the global golf cart market on the basis of component, end users, product type, seating capacity, and geography. For a comprehensive understanding of market dynamics, the market is analyzed across key geographical regions namely, North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East. Each of these regions is analyzed based on the market findings across major countries in these regions for a macro-level understanding of the market.

Key features of the study:

This report provides an in-depth analysis of the golf cart market with market size (US$ Million) and CAGR (%) for the forecast period: 2017–2025, considering 2016 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global golf cart market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies

Key companies covered as a part of this study include Club Car, LLC, Columbia ParCar Corp, Cruise Car, Inc, EverGreen Electrical Vehicles, E-Z-GO, Garia Luxury Golf Car, Hitachi Chemical Co., Ltd., Maini Material Movement Pvt. Ltd., Xiamen Dalle Electric Car Co., Ltd, and Yamaha Golf-Car Company

Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to their future product launch, technology upgrades, market expansion, and marketing tactics

Various strategy matrices used in analyzing the golf cart market would provide stakeholders vital inputs to make strategic decisions accordingly

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Detailed Segmentation:

Global Golf Cart Market, By Component:
Electric Golf Carts Component
Brake Systems
Electrical Components
Suspension System
Wheels and Tires
Others

Gasoline Golf Carts Component
Brake Systems
Engine and Related Components
Exhaust System
Suspension System
Wheels and Tires
Others

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This release was published on openPR.