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Growing Golf Tourism Will Cause Global Golf Cart Market to Expand Notably

12-01-2023 12:47 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Inkwood Research

GOLF CART MARKET

GOLF CART MARKET

As per a new market research report launched by Inkwood Research, the Global Golf Cart Market is projected to capture a revenue of $3308.55 million by 2030, rising with a CAGR of 5.78% during the forecasted period of 2022 to 2030.

Browse 42 market data Tables and 41 Figures spread over 159 Pages, along with an in-depth analysis of the Global Golf Cart Market by End-User, Seating Capacity, Vehicle Type & by Geography

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Here's a link to our Country Report Summary:
https://inkwoodresearch.com/reports/vietnam-golf-cart-market/
The Vietnam golf cart market is projected to rise with a CAGR of 7.28% during the forecasting period, reaching a revenue share of $2.21 million by 2028.

Global Golf Cart Market Scenario

The growth of the global golf market is attributable to the rise in golf tourism, government regulations regarding vehicular emissions, as well as the increasing number of golf courses.

Accredited to the fact that golf attracts millions of holidaymakers, golf tourism has resulted in a lucrative revenue-generating opportunity for golf cart manufacturers. Moreover, golf carts also facilitate the mobility of tourists visiting as well as playing golf. With travelers' rising willingness to invest resources and time on golfing holidays, there has been a subsequent increase in the percentage of longer trip bookings, as well.

For instance, nations like the United States, Spain, and Portugal, among others, have remained active in terms of raising their prices for such vacations over recent years. Golf travelers are also exploring more destinations for golf holidays, with a willingness to travel beyond traditional golfing destinations. This factor, in turn, offers lucrative opportunities for golf product vendors to expand beyond borders, thus propelling the global golf cart market.

The Global Golf Cart Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Golf Cart Market by Vehicle Type, End-User, Seating Capacity & by Geography: https://www.inkwoodresearch.com/reports/golf-cart-market/#request-free-sample?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR

Market Segmentation

Market by End-User:
• Golf and Recreation
• Personal Usage
• Commercial Usage

Market by Vehicle Type :
• Electric Golf Cart
• Gas Golf Cart
• Solar Golf Cart

Market by Seating Capacity:
• Above-Five-Seater
• One-To-Four-Seater

Report Highlights:
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030

Companies Profiled
• POLARIS INDUSTRIES INC
• YAMAHA GOLF-CAR COMPANY (YAMAHA CORPORATION)
• STAR EV CORPORATION
• THAI SUMMIT GROUP
• MARSHELL
• VARLEY GROUP
• HAWK CARTS
• CRUISE CAR INC
• GARIA
• EVOLUTION ELECTRIC VEHICLES
• TOMBERLIN
• KARRIOR ELECTRIC VEHICLES
• HDK ELECTRIC VEHICLE
• E-Z-GO (ACQUIRED BY TEXTRON INC)
• CLUB CAR

Related Reports:

GLOBAL ATV AND UTV MARKET -
https://inkwoodresearch.com/reports/atv-and-utv-market/

The global ATV and UTV market is expected to reach $13114.59 million by 2032, growing at a CAGR of 4.64% during the forecast period, 2023-2032.

GLOBAL ROBOTIC LAWN MOWER MARKET -
https://inkwoodresearch.com/reports/global-robotic-lawn-mower-market/

Inkwood Research estimates that the global robotic lawn mower market is set to rise with a CAGR of 11.07% between 2019-2027.

Inkwood Research
169, Harrison Avenue
Boston, MA 02111
Tel: 1-(857)293-0150
Email: sales@inkwoodresearch.com
Website: www.inkwoodresearch.com

We at Inkwood research provide you with not just consulting services but also with syndicated and customized research reports which help advance your business further.

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