Press release
America Golf Cart Market : Passenger Capacity Analysis, Type and Fuel Type Trend, Capacity Future Scope, Industry Growth by 2026
America Golf Cart Market
There is a decrease in price of fuel cells with the advancement in technology and better operations. The price of batteries has decreased by 80% in the last 6 years. This is the favorable condition for increasing the sales of the golf carts which are powered by electricity. Further, while considering the onboard storage of energy, hydrogen has an edge over the Lithium-ion battery as it is stored in a high-pressure below the vehicle which offers increased mileage. Also, 1 kg of hydrogen cell is capable of storing 236 times more energy when compared with the Li-on battery. Therefore, it is an opportunity for the automobile industry followed by America golf cart market. This creates ample opportunities for the key players operating in the America golf cart market.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/5376
๐.๐ ๐ญ๐จ ๐ซ๐๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ญ๐จ๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ข๐ฅ๐ฅ 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.
๐๐ก๐ ๐จ๐ฉ๐๐ง ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐๐ ๐ฉ๐๐ซ๐ข๐จ๐-
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.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/america-golf-cart-market/purchase-options
๐๐ก๐ 4 ๐ฉ๐๐ฌ๐ฌ๐๐ง๐ ๐๐ซ๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฅ๐๐๐ ๐ญ๐ก๐ ๐ญ๐ซ๐๐ข๐ฅ ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐-
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.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/5376
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
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
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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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