Global Golf Cart Market by Vehicle Type (Electric Golf Cart, Gas Powered Golf Cart, and Diesel Powered Golf Cart), by Operating System (Electromagnetic System and Manual), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016-2021
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This report, from Stratview Research, studies the global golf cart market over the period 2010 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global Golf Cart Market: Highlights
Golf carts are primarily used in the golf courses and country clubs by golfers to carry their clubs and other equipment. Golf cart saves labor & time, lets golfers transport their own clubs, lightens work for caddies, and encourages smoother and more enjoyable rounds. Apart from the golf courses & country clubs, golf carts are also preferred for carrying less heavy items or passengers for short distances in hotels, airports, shopping malls, and entertainment places. The golf car market has experienced significant decline over the past decade due to global economic crisis and limited number of golf courses and country clubs across the world.
The global golf cart market has a promising future with good growth opportunity and is likely to witness 4.2% CAGR during the forecast period of 2016 to 2021. Recovery of the global economy and increasing the number of golf courses and country clubs are the major drivers of the golf cart market in the next five years. Additionally, increasing preference for the use of golf carts in hotels, resorts, airports, and shopping malls is likely to drive the golf cart sales during the same period. Major golf cart manufacturers, such as Club Car and E-Z Go are renovating the clubs with the purpose to attract the golfers.
Electric golf carts are the most preferred type across the globe because of their benefits, such as environmentally friendliness with no carbon emission and noise reduction. Electric golf carts are expected to remain the largest cart type during the forecast period.
North America is expected to remain the largest market for golf carts during the forecast period. High number of the golf courses and golfers is the primary reason behind North America’s dominance in the golf cart market.
All the major golf cart manufacturers are strategically well aligned with the regional market dynamics and have their manufacturing bases in North America to tap the regional potential. They are also targeting other growth markets.
The supply chain of this market comprises raw material suppliers, component manufacturers, golf cart manufacturers, and distributors. The global golf cart is a consolidated market with global as well as regional players. The key golf cart manufacturers are Ingersoll Rand, Textron, Kawasaki Motors, E-Way, HDK Electric vehicles, and Cushman. New product development, renovation of the golf courses, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market.
RESEARCH METHODOLOGY
This report offers high quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 750 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 15 detailed primary interviews with the market players across the value chain in the all four regions and industry experts have been executed to obtain both the qualitative and quantitative insights.
REPORT FEATURES
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Global Golf Cart Market by Vehicle Type:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
This report, from Stratview Research, studies the global golf cart market over the period 2010 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global Golf Cart Market: Highlights
Golf carts are primarily used in the golf courses and country clubs by golfers to carry their clubs and other equipment. Golf cart saves labor & time, lets golfers transport their own clubs, lightens work for caddies, and encourages smoother and more enjoyable rounds. Apart from the golf courses & country clubs, golf carts are also preferred for carrying less heavy items or passengers for short distances in hotels, airports, shopping malls, and entertainment places. The golf car market has experienced significant decline over the past decade due to global economic crisis and limited number of golf courses and country clubs across the world.
The global golf cart market has a promising future with good growth opportunity and is likely to witness 4.2% CAGR during the forecast period of 2016 to 2021. Recovery of the global economy and increasing the number of golf courses and country clubs are the major drivers of the golf cart market in the next five years. Additionally, increasing preference for the use of golf carts in hotels, resorts, airports, and shopping malls is likely to drive the golf cart sales during the same period. Major golf cart manufacturers, such as Club Car and E-Z Go are renovating the clubs with the purpose to attract the golfers.
Electric golf carts are the most preferred type across the globe because of their benefits, such as environmentally friendliness with no carbon emission and noise reduction. Electric golf carts are expected to remain the largest cart type during the forecast period.
North America is expected to remain the largest market for golf carts during the forecast period. High number of the golf courses and golfers is the primary reason behind North America’s dominance in the golf cart market.
All the major golf cart manufacturers are strategically well aligned with the regional market dynamics and have their manufacturing bases in North America to tap the regional potential. They are also targeting other growth markets.
The supply chain of this market comprises raw material suppliers, component manufacturers, golf cart manufacturers, and distributors. The global golf cart is a consolidated market with global as well as regional players. The key golf cart manufacturers are Ingersoll Rand, Textron, Kawasaki Motors, E-Way, HDK Electric vehicles, and Cushman. New product development, renovation of the golf courses, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market.
RESEARCH METHODOLOGY
This report offers high quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 750 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 15 detailed primary interviews with the market players across the value chain in the all four regions and industry experts have been executed to obtain both the qualitative and quantitative insights.
REPORT FEATURES
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends of the carbon brakes market
- Strategic growth opportunities for the existing and new players
- Key success factors
Global Golf Cart Market by Vehicle Type:
- Electric Vehicle
- Gas Powered Vehicle
- Diesel Powered Vehicle
- Electromagnetic Guidance
- Manual
- North America
- Europe
- Asia-Pacific
- Rest of the World
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3)
- SWOT analysis of key players (up to 3)
- Current market segmentation of any one of the regions by vehicle type
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Disclaimer
Copyright
Abbreviation
Currency Exchange
About Us
Research Methodology
Secondary Research
Key Information Gathered from Secondary Research
Primary Research
Key Information Gathered from Primary Research
Breakdown of Primary Interviews by Region, Designation, and Value Chain Node
Data Analysis and Triangulation
Report Scope
Report Objectives
1. EXECUTIVE SUMMARY
2. INDUSTRY OVERVIEW
2.1. Introduction
2.2. Market Evolution
2.3. Industry Life Cycle Analysis
2.4. Supply Chain Analysis
2.5. Market Classification
2.5.1. By Vehicle Type
2.5.2. By Operating System
2.5.3. By Region
3. MARKET ENVIRONMENT ANALYSIS
3.1. PEST Analysis: Impact Assessment of Changing Business Environment
3.2. Market Drivers
3.3. Market Constraints
3.4. Porter Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Customers
3.4.3. Threat of New Entrants
3.4.4. Threat of Substitutes
3.4.5. Competitive Rivalry
3.5. SWOT Analysis
4. GLOBAL GOLF CART VEHICLE MARKET – BY VEHICLE TYPE
4.1. Strategic Insights
4.2. Global Golf Cart Vehicle Market by Vehicle Type in 2015
4.3. Global Golf Cart Vehicle Market Trend and Forecast by Vehicle Type (US$ Million)
4.4. Global Golf Cart Vehicle Market Trend and Forecast by Vehicle Type (Thousand Units)
4.5. Growth Magnitude of the Global Golf Cart Vehicle Market by Vehicle Type
4.6. Electric Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
4.7. Gas Powered Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
4.8. Diesel Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
5. GLOBAL GOLF CART VEHICLE MARKET – BY OPERATING SYSTEM TYPE
5.1. Strategic Insights
5.2. Global Golf Cart Vehicle Market by Operating System Type in 2015
5.3. Global Golf Cart Vehicle Market Trend and Forecast by Operating System Type (US$ Million)
5.4. Global Golf Cart Vehicle Market Trend and Forecast by Operating System Type (Thousand Units)
5.5. Growth Magnitude of the Global Golf Cart Vehicle Market by Operating System Type
5.6. Electromagnetic Guidance: Global Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
5.7. Manual: Global Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
6. GLOBAL GOLF CART VEHICLE MARKET – BY REGION
6.1. Strategic Insights
6.2. Global Golf Cart Vehicle Market by Region in 2015
6.3. Global Golf Cart Vehicle Market Trend and Forecast by Region (US$ Million)
6.4. Global Golf Cart Vehicle Market Trend and Forecast by Region (Thousand Units)
6.5. Growth Magnitude of the Global Golf Cart Vehicle Market by Region
6.6. North America: Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
6.7. Europe: Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
6.8. Asia-Pacific: Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
6.9. Rest of the World: Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
7. COMPETITIVE ANALYSIS
7.1. Strategic Insights
7.2. Product Portfolio Analysis
7.3. Presence by Vehicle Type
7.4. Geographical Presence
7.5. New Product Launches
7.6. Mergers and Acquisitions
7.7. Market Share Analysis
8. STRATEGIC GROWTH OPPORTUNITIES
8.1. Strategic Insights
8.2. Market Attractive Analysis
8.2.1. Market Attractiveness by Vehicle Type
8.2.2. Market Attractiveness by Operating System Type
8.2.3. Market Attractiveness by Region
8.3. Emerging Trends
8.4. Key Success Factors
8.5. Growth Matrix Analysis
9. COMPANY PROFILE OF KEY PLAYERS
9.1. Cushman
9.2. Hitachi Golf Cart
9.3. HDK Electric Vehicles
9.4. Ingersoll Rand Inc.
9.5. Sanyo
9.6. Tesla Motors, Inc.
9.7. Textron Company
9.8. Yahama Motors Co., Ltd.
9.9. Zhuhai E-Way Electrical Industry Co., Ltd
Copyright
Abbreviation
Currency Exchange
About Us
Research Methodology
Secondary Research
Key Information Gathered from Secondary Research
Primary Research
Key Information Gathered from Primary Research
Breakdown of Primary Interviews by Region, Designation, and Value Chain Node
Data Analysis and Triangulation
Report Scope
Report Objectives
1. EXECUTIVE SUMMARY
2. INDUSTRY OVERVIEW
2.1. Introduction
2.2. Market Evolution
2.3. Industry Life Cycle Analysis
2.4. Supply Chain Analysis
2.5. Market Classification
2.5.1. By Vehicle Type
2.5.2. By Operating System
2.5.3. By Region
3. MARKET ENVIRONMENT ANALYSIS
3.1. PEST Analysis: Impact Assessment of Changing Business Environment
3.2. Market Drivers
3.3. Market Constraints
3.4. Porter Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Customers
3.4.3. Threat of New Entrants
3.4.4. Threat of Substitutes
3.4.5. Competitive Rivalry
3.5. SWOT Analysis
4. GLOBAL GOLF CART VEHICLE MARKET – BY VEHICLE TYPE
4.1. Strategic Insights
4.2. Global Golf Cart Vehicle Market by Vehicle Type in 2015
4.3. Global Golf Cart Vehicle Market Trend and Forecast by Vehicle Type (US$ Million)
4.4. Global Golf Cart Vehicle Market Trend and Forecast by Vehicle Type (Thousand Units)
4.5. Growth Magnitude of the Global Golf Cart Vehicle Market by Vehicle Type
4.6. Electric Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
4.7. Gas Powered Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
4.8. Diesel Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
5. GLOBAL GOLF CART VEHICLE MARKET – BY OPERATING SYSTEM TYPE
5.1. Strategic Insights
5.2. Global Golf Cart Vehicle Market by Operating System Type in 2015
5.3. Global Golf Cart Vehicle Market Trend and Forecast by Operating System Type (US$ Million)
5.4. Global Golf Cart Vehicle Market Trend and Forecast by Operating System Type (Thousand Units)
5.5. Growth Magnitude of the Global Golf Cart Vehicle Market by Operating System Type
5.6. Electromagnetic Guidance: Global Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
5.7. Manual: Global Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
6. GLOBAL GOLF CART VEHICLE MARKET – BY REGION
6.1. Strategic Insights
6.2. Global Golf Cart Vehicle Market by Region in 2015
6.3. Global Golf Cart Vehicle Market Trend and Forecast by Region (US$ Million)
6.4. Global Golf Cart Vehicle Market Trend and Forecast by Region (Thousand Units)
6.5. Growth Magnitude of the Global Golf Cart Vehicle Market by Region
6.6. North America: Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
6.7. Europe: Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
6.8. Asia-Pacific: Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
6.9. Rest of the World: Golf Cart Vehicle Market Trend and Forecast (US$ Million and Thousand Units)
7. COMPETITIVE ANALYSIS
7.1. Strategic Insights
7.2. Product Portfolio Analysis
7.3. Presence by Vehicle Type
7.4. Geographical Presence
7.5. New Product Launches
7.6. Mergers and Acquisitions
7.7. Market Share Analysis
8. STRATEGIC GROWTH OPPORTUNITIES
8.1. Strategic Insights
8.2. Market Attractive Analysis
8.2.1. Market Attractiveness by Vehicle Type
8.2.2. Market Attractiveness by Operating System Type
8.2.3. Market Attractiveness by Region
8.3. Emerging Trends
8.4. Key Success Factors
8.5. Growth Matrix Analysis
9. COMPANY PROFILE OF KEY PLAYERS
9.1. Cushman
9.2. Hitachi Golf Cart
9.3. HDK Electric Vehicles
9.4. Ingersoll Rand Inc.
9.5. Sanyo
9.6. Tesla Motors, Inc.
9.7. Textron Company
9.8. Yahama Motors Co., Ltd.
9.9. Zhuhai E-Way Electrical Industry Co., Ltd
