Press release
Golf Cart Market to Reach USD 2.14 Bn by 2029, emerging at a CAGR of 4.37 percent and forecast 2023-2029
Golf Cart Market
The Golf Cart Market report provides comprehensive insights into the global golf cart industry, including market values, trends, drivers, restraints, and regional perspectives. It covers market segments based on product type and application. The research methodology involves data from market participants and analysis of regions, including North America, Asia Pacific, Europe, Middle East & Africa, and South America.
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Golf Cart Market Report Research Methodology:
The report is based on data collected from market participants and analyzes historical data from 2017 to 2020. It employs facts, figures, illustrations, and presentations to provide key data analysis. The report explores drivers, limitations, prospects, and barriers in the Golf Cart Market and includes investor recommendations based on a thorough competitive analysis.
What are Golf Cart Market Dynamics:
The growth of golf carts related to golf courses in golf resorts, golf-focused real estate developments, and private clubs has been facilitated by the quick change in consumer perception and the growing awareness and popularity of golf globally. For family trips, hunting, gardening, and of course, golfing, golf carts have become standard. Electric golf carts are becoming more and more popular since they offer improved speed, more features, and green power use. The golf cart industry is expanding its offerings thanks to new technical developments that boost productivity, cut pollution, and allow for vehicle customization for particular locations like golf courses, hotels, and real estate.
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Golf Cart Market Regional Insights:
North America held the largest market share in 2022, with a CAGR of 5.11% expected through the forecast period. The region's growth is attributed to the rising popularity of golf and increased disposable income.
The Asia-Pacific region, including countries like India, China, and Indonesia, is witnessing market growth due to government regulations, urbanization, and the adoption of non-fossil fuel-based vehicles.
What is Golf Cart Market Segmentation:
by Product Type
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
by Application
Golf Course
Personal Services
Commercial Services
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Who are Golf Cart Market Key Players:
1. Garia Inc.
2. Platinum Equity Aadvisors, LLC
3. Textron Inc.
4. Yamaha Motor Co., Ltd.
5. Showa Denko
6. Maini Group
7. Nordic Group of Companies, Ltd.
8. Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
9. Xiamen Dalle New Energy automobile Co., Ltd.
10. Atul Auto Limited
11. Club Car, Inc.
12. Polaris Industries, /inc.
13. Mission Golf cars
14. Cruise Car, Inc.
15. Karrior Electric Vehicles, Inc.
16. Diversified Golf Cars, Inc.
17. Giliberti, Inc.
Table of content for the Golf Cart Market includes:
1. Golf Cart Market: Research Methodology
1. Golf Cart Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Golf Cart Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
1. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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