Press release
Market Insight : Golf Cart Market Globally Grow at a CAGR of 4.29% by Revenue During the Forecast Period 2016-2019
Golf carts are used by golfers to carry heavy golf clubs and equipment. They are also used for daily commuting needs over short distances. Golf carts are usually gasoline-powered or electric, but recently solar-powered golf carts have also been developed. Electric golf carts have more preference among consumers. The global economic recession of 2008-2009 had a negative impact on golf, which subsequently impacted the Golf Cart and Golf Equipment market worldwide. The economic recession impacted consumer preference due to financial instability and, hence, participation in golf declined. Since the economic recession, a subtle change has been observed in consumers' choices, and there is renewed interest in golf. Golf has become an important sport even in the emerging economies such as China and India. The inclusion of golf in the 2016 Olympics, which will be held in Brazil, is expected to positively drive the growth of the Global Golf Cart marketTechNavio's analysts forecast the Global Golf Cart Market to grow at a CAGR of 4.29 percent over the period 2014-2019.
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Covered Point :
Technavio report, the Global Golf Cart Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region and the EMEA region; it also covers the market landscape and its growth prospects in the coming years.
The report also includes a discussion of the key vendors operating in this market.
Key Regions
Americas
APAC
EMEA
Key Vendors
Columbia CarPar
Ingersoll Rand
Textron
Yamaha Golf Cars
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