Press release
Global Golf Cart Market by Vehicle Type(Electric golf cart,Gas powered golf cart,Diesel powered golf cart),by Region (North America,Western and Eastern Europe, Europe, Asia-Pacific, and Rest of the World)
Due to heavy demand of eco-friendly product and surging prices of fuel, electric golf cart market accounted for 50% market share to the global golf market in 2015
North America is anticipated to hold the highest market share of 40% to the global golf cart market by the end of 2023. The region's dominance is due to advancement in technology and rejuvenation of the golf industry in U.S. and Canada. Asia-Pacific is anticipated to be the second largest market, owing to the increasing use of electric golf cart in other end use industry such as residential apartments, airports, malls and others.
Get Full Table Of Content Golf Cart Market :http://www.researchnester.com/toc-request/1/rep-id-201
Demand Analysis By Market Segmentation
By Product
On the basis of fuel required, the market can be segmented into following segments:-
Electric golf cart
Gas powered golf cart
Diesel powered golf cart
By End Use Industry
Earlier golf carts are only used in golf courses but now-a-days golf cart found its application in different industries, On the basis of end use industry the market can be segmented into following categories:-
Golf Courses
Parks
Hotels
Tourist destinations
Residential and commercial premises
Airports
Institutions
By Region
Global Golf Cart Market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Get Free Sample Report of Golf Cart Marke : http://www.researchnester.com/sample-request/2/rep-id-201
Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
Middle East and Africa ( GGC, South Africa, North Africa ) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers and Challenges
Electric golf cart is the most popular product due to its wide range of application in different sectors such as mall, hotels, resorts etc. this has increased the demand for golf cart in various end use applications, further boosting the global golf cart market.
Technological innovation associated with golf cart such as introduction of solar powered golf cart, development of more efficient and long lasting batteries for electric golf cart has fuelled the demand of eco-friendly golf carts across the globe.
Increasing personal disposable income coupled with rising number of sports events such as Olympics, Asian games, common wealth games are anticipated to be the major factors that will incline the player’s behaviour towards the game and this will further boost the demand of golf cart over the forecast period.
Since golf is a luxurious game, a small fraction of peoples can afford the spending of the game and lack of proper infrastructure to support the golf industry is a major factor that will restrain the market growth across the globe.
To know more about : http://www.researchnester.com/reports/golf-cart-market-global-demand-growth-analysis-opportunity-outlook-2023/201
Research Nester is a global market research and consulting firm helping organizations, private entities, governments undertaking, non-legislative associations and non-profit organizations. With our decades of experience in the market research, we help our clients to gain a competitive edge over other players. Thus, helping them making strategic yet dynamic decisions for the future investments.
Ajay Daniel
Email: ajay.daniel@researchnester.com
1820 Avenue M, Suite# 1113
Brooklyn, New York 11230
Phone : U.S. +1 646 586 9123
U.K. +44 203 608 5919
web: www.researchnester.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Golf Cart Market by Vehicle Type(Electric golf cart,Gas powered golf cart,Diesel powered golf cart),by Region (North America,Western and Eastern Europe, Europe, Asia-Pacific, and Rest of the World) here
News-ID: 393071 • Views: …
More Releases from Research Nester Pvt Ltd
Chemical Fertilizers Market Outlook By Industry Size, Share, Revenue, Regions An …
The chemical fertilizers market has been segmented into macronutrients, micronutrients, application and forms. Based on macronutrients, the market has been segmented into nitrogen based fertilizers, phosphate based fertilizers and potash based fertilizers.
Among these segments, the nitrogen based fertilizers are estimated to dominate the market by holding the largest share of approximately 50%. This can be attributed to the absorption of nitrogen by plants. In 2013, the demand for nitrogen…
Glass Coating Market Overview By Share, Size, Industry Players, Revenue And Prod …
The global glass coating market is segmented by coating type into pyrolytic coating, magnetic sputtering coating and sol-gel coating; by technology into liquid glass coating and nano glass coating; by application into construction, paints & coating, automotive, aviation and others and by regions.
According to Federal Reserve Bank of Chicago represents increase in sales of light vehicle in China by 2.1%, Latin America by 6.2%, Europe by 2.6%, and Rest…
Insect Repellent Market Outlook By Industry Size, Share, Revenue, Regions And To …
The global insect repellent market is segmented by repellent type into coils, liquid vaporizers, sprays/aerosol, mats, cream and oil; by ingredient into natural and synthetic; by sales channel into online and offline and by regions. The insect repellent market is anticipated to mask a CAGR of 8.3% during the forecast period i.e. 2019-2027.
The rising penetration of insect repellents in untapped rural markets across the developing countries as well as…
Waterproofing Chemicals Market 2017 Share Growing Rapidly With Latest Trends, De …
The global waterproofing market is segmented on the basis of type, application and end-use. The market is segmented on the basis of type, it is segmented into Bitumen, PVC, TPO and EPDM. Bitumen leads the product segment in 2017 on the account of superior properties which include high viscosity, resistance to UV light and better binding nature. On the basis of application, it is segmented into Roofing and Walls, Flooring,…
More Releases for Marke
Coronavirus's Impact On 2D Laser Cutting Machine Marke
Global 2D Laser Cutting Machine Market: Introduction
2D laser cutting machines are used to slice materials using a laser. A laser cutting machine cuts the material by directing the output of high power laser on the material which needs to be cut. These machines have high levels of accuracy compared to other manufacturing methods. The 2D laser cutting machine has the ability to cut a wide range of materials such as…
Coatings and Application Technologies for Robotics Marke
A new research publication titled “Coatings and Application Technologies for Robotics Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” by Future Market Insights focuses on various market acumen on developments, trends, key players, growth drivers and forecasts across important regions. A detailed market segmentation is carried out which explores every angle of the coatings and application technologies for robotics market. This analytical research report covers historic market data for…
Transit cards Marke: Lucrative Opportunites across Globe
Transit card or travel card is referred to the bus, train or metro ticket that allows the passenger to take unlimited trips in a fixed period of time or to take a certain number of pre purchased trips. The global transit cards market is expected to witness a robust growth rate during the forecast period due to the emerging trend of the use of contactless transit cards in transportation. Compared…
Global Oilfield Communication Solutions Marke Status & Analysis 2025
Qyresearchreports include new market research report "Global Oilfield Communication Solutions Market Size,Status and Forecast 2025" to its huge collection of research reports.
Serving as an invaluable source of guidance for individuals as well as companies, the latest report added to QYResearchReports.com studies the global Oilfield Communication Solutions market and provides a new perspective on the workings and components of the market on a global as well as regional level. The research…
NMR Magnets Marke: Brand Analysis and Forecast upto 2025
Nuclear Magnetic Resonance (NMR) is an analytical chemistry technique in which there are nuclei in a magnetic field and it re-emit electromagnetic radiation. The theory behind NMR comes from the spin of a nucleus that can generate magnetic field without any external magnetic field so that the nuclear spins are random in direction. Nuclear Magnetic Resonance (NMR) is theoretically a powerful complex analytical tool. It is used for research to…
Paper Packaging Material Marke, by product, 2015-2021
Zion Research has published a new report titled “Paper Packaging Material Market (Liquid Packaging Cartons, Corrugated Cases, Carton & Folding Boxes and Others) for Beverages, Fast Foods, Fresh Foods, Dairy & Bakery, Frozen Foods and Other Applications - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021” According to the report, global paper packaging material market was valued at around USD 286.61 billion in…
