Golf Cart Market forecasted to grow at 4.2% CAGR during 2016 to 2021

Stratview Research announces the addition of a new market research report on Global Golf Cart Market by Vehicle Type (Electric Golf Cart, Gas Powered Golf Cart, and Diesel Powered Golf Cart), by Operating System (Electromagnetic System and Manual), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016-2021

This market report from Stratview Research studies the global golf cart market over the period 2010 to 2021. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Global Golf Cart Market: Highlights
Stratview Research foresees a robust growth of 4.2% CAGR in the global golf cart market over the next five years (2016 – 2021), which offers an opportunity to the industry players to align themselves with the market growth.

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There are several factors bolstering the growth of global golf cart market. The author of the report cited recovery of the global economy and increasing the number of golf courses and country clubs as the major drivers of the golf cart market in the next five years. Additionally, increasing preference for the use of golf carts in hotels, resorts, airports, and shopping malls is likely to drive the golf cart sales during the same period.

Research findings suggest that electric golf carts are the most preferred type across the globe because of their benefits, such as environment friendliness with no carbon emissions and noise reduction. They are expected to remain the largest cart type during the forecast period.

North America is expected to remain the largest market for golf carts during the forecast period. High number of the golf courses and golfers are the primary reason behind North America’s dominance in the golf cart market.

As per the study, the market for golf cart is consolidated with global as well as regional players. The key golf cart manufacturers are Ingersoll Rand, Textron, Kawasaki Motors, E-Way, HDK Electric vehicles, and Cushman. New product development, renovation of the golf courses, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market.

Report Features
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The global golf cart market is segmented into the following categories:

Global Golf Cart Market by Vehicle Type:
• Electric Vehicle
• Gas Powered Vehicle
• Diesel Powered Vehicle

Global Golf Cart Market by Vehicle Operating System:
• Electromagnetic Guidance
• Manual

Global Golf Cart Market by Region:
• North America
• Europe
• Asia-Pacific
• Rest of the World

About Stratview Research
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This release was published on openPR.