Golf Cart Market (2017-2023) - Growth, Analysis, Revenue | Key Players-Garia Inc., Hitachi Chemical Co. Ltd, Ingersoll Rand plc

The features of golf carts such as windshields, radio, rear seats, and others make it suitable for golfers and for the personal usage in terms of safety and security. The different customized solutions by the vendors increase their usability across various end users such as hotels, airports, and others.
Rapid growth in population and increase in globalization boost the economy, thus impacting the purchasing power of individuals. This in turn improves the standard of living, nature of expenses, and mode of transportation. These factors lead to innovation of hybrid and electric utility vehicles, thus fueling the demand for golf carts in the market.

According to a new report by Allied Market Research, titled, 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.

(Get 20% free Customization in Report)

Download Sample Report @: https://www.alliedmarketresearch.com/request-sample/2099?utm_source=OpenPR_V

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.

More Enquiry or Any Questions @: https://www.alliedmarketresearch.com/purchase-enquiry/2099?utm_source=OpenPR_V

Golf Cart Market Key Segments:

By Product
• Electric Golf Cart
• Gasoline Golf Cart
• Solar Golf Cart

By Application
• Golf Course
• Personal Services
• Commercial Services

By Region

• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Russia
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific

• LAMEA
o Latin America
o Middle East
o Africa

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.