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America Golf Cart Market : Passenger Capacity, Type, Fuel Type, Application, and Capacity | Analysis and Industry Forecast, 2019-2026
America Golf Cart Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/5376
Growth in population coupled with rise in purchasing power, strict government rules & regulations toward vehicle emission, and rise in number of golf courses and country clubs fuel the growth of the America golf cart market. On the other hand, high initial maintenance and purchasing cost, low power & speed, and low overall drive range hamper the growth to some extent. However, technological advancements for golf carts and reduction in cost of fuel cells as well as batteries are expected to create multiple opportunities for the key players in the industry.
The 4 passengers segment to lead the trail during the forecast period-
Based on passenger capacity, the 4 passengers segment accounted for more than half of the total market share in 2018 and is expected to dominate through 2019-2026. The fact that it has more leg space and load carrying capacity when compared with basic two-seater golf carts spurs the growth of the segment. The 8 and more passengers segment, on the other hand, is expected to grow at the fastest CAGR of 7.0% till 2026.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/america-golf-cart-market/purchase-options
The open segment to maintain its dominance during the estimated period-
Based on type, the open segment contributed to more than four-fifths of the total revenue in 2018 and is anticipated to be dominant during the study period. The simple, rugged and powerful nature of open golf carts drive the growth of the segment.
U.S to retain its top status till 2026
Based on region, U.S. generated the highest share in 2018, accounting for more than three-fourths of the total market. The presence of leading golf manufacturers, which are constantly contributing to the development of better golf carts by incorporating convenient and safety features into the cart has propelled the growth. On the other hand, Brazil would showcase the highest CAGR of 7.3% throughout the study period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/5376
Frontrunners in the Industry
Leading market players discussed in the America golf cart market report include Garia, Hitachi Chemical Co., Ltd., Columbia Vehicle Group Inc., ICON Electric Vehicles, Evolution Electric Vehicle (HDK electric vehicles), Club Car (Ingersoll-Rand plc,), GEM (Polaris Industries Inc.), EZ-GO (Textron Inc.), Bintelli Electric Vehicles, Yamaha Golf-Car Company, Star EV (JH Global Services, Inc.), and Smart Cart Electric Vehicles.
David Correa
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Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.
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