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Golf Cart Market Opportunity and Key Players Outlook to 2025 | Yamaha, Hitachi Chemical, Ingersoll Rand plc, JH Global Services, Maini Materials Movement Pvt. Ltd., Textron, Tomberlin

Golf Cart Market

Golf Cart Market

Global Golf Cart Market analysis mainly introduces the changing market dynamics in terms of covering all details inside analysis and opinion, volume and value market share by players, by regions, by product type, by consumers and their price change details, cost/revenue structure. Additionally, the analysis offers a detailed breakdown of key market growth drivers and limitation along with impact analysis of the same.

North America is expected to account for a significant share in the golf cart market. This can be attributed to the increasing manufacturing of such vehicles for supporting the growing consumer demand. Moreover, the proliferation of multiple golf and country clubs along with increasing participation in golf sports are further supporting the regional share.

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Based on application, the golf cart market share can be classified into golf course and commercial. The rising adoption of golf carts for a wide range of industries including airports, hotels, and colleges & universities among others are boosting the market size. Moreover, the increasing adoption of such vehicles for travelling to movie shooting locations along with the availability of a wide range of models at diversified price range further expands the revenue generation over the study timeframe.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Gdrive motors
2. Auto power
3. Club Car
4. Columbia Par Car corporation
5. E-Z go
6. Yamaha-Golf company
7. Hitachi Chemical company
8. Maini Material Movement Pvt. Ltd.
9. Ingersoll Rand plc
10. JH Global Services
11. Maini Materials Movement Pvt. Ltd.,
12. Textron
13. Tomberlin

Based on fuel, the golf cart market share can be categorized into gas, electric, and solar powered. The growth in the electric golf carts can be attributed to the benefits offered including no noise, enhanced fuel efficiency along with lower maintenance requirements. Moreover, these carts also comply to the stringent regulatory norms and offer significant savings in operating and maintenance.

Advancements in technology along with the proliferation of smart and advanced radar and LiDAR sensors enabling superior autonomous driving technologies are further expected to boost the golf cart market share globally. For instance, in 2017, Infosys unveiled its driverless golf cart with the usage of lasers and cameras. These golf carts are also capable of being controlled using a smartphone application providing details about the location and functions of the vehicle.

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Stringent regulatory norms are enabling industry players to significantly invest in alternative powertrain technologies for improving efficiency and lowering emissions. Industry players are incorporating regenerative braking systems in golf carts to improve vehicle driving range and reduce time associated with vehicle charging. For instance, Yamaha offers its golf cart with regenerative braking technologies along with Genius2 PDA diagnostics, offering customers with significant savings in terms of efficiency and maintenance.

Industry players are continuously investing in R&D for developing advanced golf carts to gain the competitive edge. For instance, in 2018, Quintero Golf Club in collaboration with Textron Fleet management deployed 90 electric golf carts equipped with a touchscreen tablet. Moreover, the golf cart is also equipped with advanced GPS sensors and tracking devices with the capability of offering game scores, 3D flyovers, and game maps.

Browse Relatet Report:
Automotive Airbags Market- https://www.marketwatch.com/press-release/automotive-airbags-market-growth-trends-2019-global-industry-research-and-forecast-2025-2019-06-25

The golf cart market is highly competitive owing to the presence of multiple companies including Gdrive motors, Auto power, Club Car, Columbia Par Car corporation, E-Z go, Yamaha-Golf company, Hitachi Chemical company and Maini Material Movement Pvt. Ltd. Strategic partnerships and joint ventures are among the major strategies adopted by industry players to boost the market share.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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