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Golf Cart Market to Reach USD 1.64 Bn in 2023, Growing at 4.37% CAGR

12-16-2024 05:55 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Maximize Market Research Pvt. Ltd.

Golf Cart Market

Golf Cart Market

๐”๐ง๐ฏ๐ž๐ข๐ฅ๐ข๐ง๐  ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ, ๐“๐ซ๐ž๐ง๐๐ฌ, ๐š๐ง๐ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The Golf Cart Market, valued at USD 1.64 billion in 2023, is expected to grow at a robust CAGR of 4.37% from 2024 to 2030, driven by increased adoption across recreational, commercial, and industrial sectors. With growing demand for sustainable mobility solutions, golf carts are becoming integral to tourism, resorts, urban mobility, and even healthcare facilities.

This press release delves into market opportunities, regional growth, and trends, while also highlighting mergers, acquisitions, and recent developments in key regions such as Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

๐†๐ž๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/22061/

๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's tourism boom has sparked significant growth in golf courses and resorts, paving the way for increased demand for golf carts. The market here is poised for a CAGR, with expanding eco-tourism projects. ๐˜๐š๐ฆ๐š๐ก๐š ๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ ๐š๐ง๐ ๐‚๐ฅ๐ฎ๐› ๐‚๐š๐ซ are partnering with local resorts to introduce sustainable electric models.

๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐:

Thailand is emerging as a hub for premium golf courses, with luxury resorts investing in customized golf carts. The government's push for eco-friendly transportation has further catalyzed the market. Recent mergers include ๐„๐™๐†๐Ž collaborating with Thai distributors to expand its footprint.

๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง:

Japan's aging population and focus on accessible mobility are driving the adoption of multi-utility golf carts. The market benefits from innovations such as autonomous golf carts by ๐’๐ฎ๐ณ๐ฎ๐ค๐ข ๐Œ๐จ๐ญ๐จ๐ซ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง. Recent consolidation efforts include ๐˜๐š๐ฆ๐š๐ก๐š ๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ acquiring local suppliers to boost production.

๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š:

The South Korean market is witnessing consolidation, with companies like ๐ƒ๐š๐ž๐œ๐ก๐š๐ง๐  ๐Œ๐จ๐ญ๐จ๐ซ๐ฌ ๐š๐ง๐ ๐‚๐ฅ๐ฎ๐› ๐‚๐š๐ซ forming strategic alliances. The government's Smart City initiative is leveraging golf carts as a sustainable transport option in gated communities.

๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž:

Singapore's focus on sustainability and smart mobility has driven golf cart adoption in urban settings and recreational facilities. The market here is expected to grow at a CAGR. ๐†๐š๐ซ๐ข๐š ๐€/๐’ recently partnered with local transport agencies to pilot electric carts in urban areas.

๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’:

As the largest market globally, the US is set to maintain its dominance with a CAGR. Growth is fueled by technological advancements like lithium-ion-powered carts. Recent developments include ๐“๐ž๐ฑ๐ญ๐ซ๐จ๐ง ๐ˆ๐ง๐œ. launching autonomous golf carts. Mergers like ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ acquiring a local golf cart manufacturer highlight market consolidation.

๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's push towards green mobility is propelling the golf cart market, especially in countries like Germany, France, and the UK. The market is forecasted to grow at a CAGR. Recent advancements include Club Car introducing electric carts for urban mobility. Notable mergers include ๐‚๐ž๐ง๐ง๐ญ๐ซ๐จ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐†๐ซ๐จ๐ฎ๐ฉ acquiring a French golf cart distributor.

๐„๐š๐ ๐ž๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/22061/

๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž

Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart

Based on Product Type, the Electric Golf Cart segment would dominate the market with the greatest CAGR over the forecast period. The electric golf cart sector now maintains a global monopoly due to its better efficiency and viability when compared to gasoline golf carts. Electric golf carts are environmentally friendly since they make less noise, emit no carbon dioxide, and have a low operating cost. Electric golf carts accelerate quickly, and golfers are drawn to attractive, technologically advanced models.

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Golf Course
Personal Services
Commercial Services

Based on application, the Golf Course segment would dominate the market with the highest CAGR over the forecast period. Due to the large number of golf courses in the world, the golf course segment is expected to rise over the course of the forecast. Golf's popularity has grown in recent years, resulting in increased coaching and financial investments in the sport. Furthermore, despite the exorbitant prices, professional golfers still choose to play on traditional golf courses.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ข๐ง ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ? ๐ƒ๐จ๐ง'๐ญ ๐ฆ๐ข๐ฌ๐ฌ ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/22061/

๐†๐จ๐ฅ๐Ÿ ๐‚๐š๐ซ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

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.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ญ๐ก๐š๐ญ ๐š๐ซ๐ž ๐ฆ๐š๐ค๐ข๐ง๐  ๐ฐ๐š๐ฏ๐ž๐ฌ:

Global Event Stream Processing Market https://www.maximizemarketresearch.com/market-report/global-event-stream-processing-market/34822/

Global Digital Mobile Radio (DMR) Market https://www.maximizemarketresearch.com/market-report/global-digital-mobile-radio-dmr-market/63106/

Global Industrial Automation and Control Systems Market https://www.maximizemarketresearch.com/market-report/global-industrial-automation-and-control-systems-market/106619/

Flexible Electronics and Circuit Market https://www.maximizemarketresearch.com/market-report/flexible-electronics-and-circuit-market/14601/

Global Human Centric Lighting Market https://www.maximizemarketresearch.com/market-report/global-human-centric-lighting-market/33134/

Global Smartphone Sensors Market https://www.maximizemarketresearch.com/market-report/global-smartphone-sensors-market/62866/

Ethernet Switch Market https://www.maximizemarketresearch.com/market-report/global-ethernet-switch-market/63266/

Laser Interferometer Market https://www.maximizemarketresearch.com/market-report/laser-interferometer-market/165246/

Global Location Based Virtual Reality (VR) Market https://www.maximizemarketresearch.com/market-report/global-location-based-virtual-reality-vr-market/42067/

Global Agricultural Robots Market https://www.maximizemarketresearch.com/market-report/global-agricultural-robots-market/34593/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

MAXIMIZE MARKET RESEARCH PVT. LTD.
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Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
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sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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Global Golf Balls Market Research Report 2017 - Nike Golf, Dixon Golf, American โ€ฆ
ResearchMoz added Latest Research Report titled " Global Golf Balls Market Research Report 2017 " to it's Large Report database. In this report, the global Golf Balls market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenueโ€ฆ