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Golf Cart Market To Witness Stunning Growth at CAGR of 6.3% by 2027 | Club Car LLC, Autopower, Hitachi Chemical Co. Ltd., Marshell Green Power

12-24-2021 11:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Golf Cart Market

Golf Cart Market

The Global Golf Cart Market was valued at US$ 3,262.3 million in 2017 and is projected to exhibit a CAGR of 6.3% during the forecast period (2019–2027), reaching US$ 5,590.0 million by 2027.

This report focuses on the current trend in the global Golf Cart market in terms of demand and supply, as well as pricing trends for the coming years. The leading firms' revenue, market share, profit margin, primary product portfolio, and SWOT analysis are all examined. With a process chart introduction, upstream key raw material and cost analysis, and distributor and downstream buyer analysis, this study looks at the supply chain from the perspective of the industry.

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Market Key Players -

· Autopower (India)
· Club Car LLC
· Columbia Vehicle Group Inc.
· E-Z-GO
· Garia A/S
· Hitachi Chemical Co. Ltd.
· INGERSOLL-RAND PLC
· Marshell Green Power
· Speedways Electric
· Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
· Textron Specialized Vehicles Inc.
· Xiamen Dalle Electric Car Co. Ltd
· Yamaha Golf-Car Company.

Market Summary -

A golf cart, also known as a golf vehicle, is a vehicle meant to transport two golfers and their golf equipment around a golf course or along desert paths with little effort. This gives the golfer more time to focus on the game instead of trying to stay balanced while jogging. One of the best features of golf carts is that their chassis is incredibly flexible and lightweight, allowing golfers to easily complete their full game. The extras on golf carts, on the other hand, make all the difference.

Market Dynamics-

Technological advancements in electric golf carts are expected to drive growth of the global golf cart market during the forecast period. Key manufacturers in the market are focused on research and development activities, in order to launch advanced golf carts. For instance, in January 2019, Club Car, a manufacturer of small-wheel, zero-emissions electric vehicles, launched its lithium ion-powered golf car TEMPO LI-ION at the BIGGA Turf Management Exhibition (BTME), Harrogate Convention Centre, U.K.

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Golf Cart Market Segmentation -

By Fuel Type (Electric Golf Carts Gasoline Golf Carts, and Solar Golf Cart)
By Application (Passenger Mover Golf Cart, Turf Maintenance/Utility Golf Cart, and Food and Beverage Golf Cart)
By Seating Capacity (Small (2-4 Seater), Medium (6-8 Seater), and Large (Above 8 Seater))
By Use Case (Golf Operations, Personal, and Utility)
By End-Use Vertical (Golf/Sports, Education, Government, Industries, Resort, Hotels and Malls, and Airports)

Scenario of Region

The customer increase is analyzed using economic, social, political, staff, and technical constraints, as well as rising employer tendencies. Europe, South America, Asia Pacific, North America, the Middle East, and Africa, according to the data, are some of the fastest-growing regions in the international market. In addition to segmentation, the data is arranged into a region using a way-of-proximity test. The geographical analysis reveals important regions and global locations that account for a significant portion of the Golf Cart market's revenue. The investigations allow for an estimation of how each market will perform, as well as the discovery of new markets that are likely to grow quickly.

Analysis of Competitors -

The Golf Cart market study digs deeper into the profiles of top industry competitors, as well as their strategic viewpoints, market positioning, and core competency assessments. The competitive developments, investments, strategic growth, and competition landscape of the leading players participating in the global market are also profiled in this report.

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Key Objectives of Market -

• A Porter's Five Forces analysis is included in the study to help business investors determine the capabilities of customers and suppliers in making strategic decisions.
• The research explores the worldwide market's leading players in depth and throws light on their tactics.
• The research investigates the Golf Cart market's potential in key regions, as well as revenue contribution.
• The research looks into current market trends, market size, and market forecasts in depth.

This report provides answers to some key questions.

· What will the market's expected growth rate be?
· What are the main drivers of the worldwide market?
· Who are the major players in the market?
· What are the suppliers' opportunities and risks in the worldwide industry?
· What do sales, revenue, and pricing analysis by industrial regions entail?
· If you have any special requests, please let us know and we will prepare the report according to your specifications, including a table of contents.

Contact Us:

Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

Coherent Market Insights -

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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