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Golf Cart Market Outlook 2027

April 2020 | 148 pages | ID: GCB6B2C0C34FEN
Research Nester Pvt. Ltd.

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Global Golf Cart Market Analysis – 2018-2027

Originally designed for use to carry golfers on a golf course, golf carts are nowadays one of the most widely used vehicle in many end user industries. Available in various formats and different sizes, golf carts are usually powered by gasoline, solar or electric power. The global golf cart market is anticipated to achieve a CAGR of 6.9% throughout the forecast period, i.e. 2020-2027. Factors such as rising adoption of golf cart from different end user industries, increasing adoption of electric carts and rising demand for golf carts from several developing regions around the world are anticipated to contribute significantly towards the growth of the global golf cart market. Additionally, factors such as rising stringent norms by governments of nations across the world to curb vehicular pollution, increasing car rental services, environmental concerns for vehicular emission along with the wide utilization of golf carts in the hospitality and tourism industry are anticipated to drive the growth of the global golf cart market.

The global golf cart market consists of various segments that are segmented by product type, battery capacity, passenger capacity, length, application and by region. The passenger capacity segment is further sub-divided into 2-seater, 4-seater and 6-seater. Out of these, the 2-seater segment held the largest market share of around 44% in the year 2018. Additionally, the segment is anticipated to grow with a CAGR of 6.3% throughout the forecast period. On the other hand, the 4-seater segment is anticipated to grow with the highest CAGR of 7.5% throughout the forecast period.

Based on region, the global golf cart market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific, which had accounted for around 20% share in the year 2018, is estimated to witness a CAGR of 8.1% over the forecast period.

Some of the affluent industry leaders in the global golf cart market are Textron Inc., Yamaha Golf-Car Company, AGT Electric Cars, Hitachi Chemical Co., Ltd., Ingersoll Rand, Xiamen Dalle Electric Car, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Autopower, Marshell Green Power, Speedways Electric and Columbia Vehicle Group Inc.
Global Golf Cart Market
Market Definition and Research Methodology
  Market and product definition
  Research objective and methodology
Executive Summary
Market Dynamics
  Drivers
  Challenges
  Opportunities
Industry Analysis
  Regulatory Landscape
  Pricing Analysis
Global PTV Golf Cart Market Overview
  Global Market Size and Forecast
  Global Market Segmentation
  By Product Type
  By Battery Capacity
  By Passenger Capacity
  By Length
  By Application
  By Region
North America PTV Golf Cart Market Overview
  North America Market Size and Forecast
  North America Market Segmentation
  By Country
  By Product Type
  By Battery Capacity
  By Passenger Capacity
  By Length
  By Application
Latin America PTV Golf Cart Market Overview
  Latin America Market Size and Forecast
  Latin America Market Segmentation
  By Country
  By Product Type
  By Battery Capacity
  By Passenger Capacity
  By Length
  By Application
Europe PTV Golf Cart Market Overview
  Europe Market Size and Forecast
  Europe Market Segmentation
  By Country
  By Product Type
  By Battery Capacity
  By Passenger Capacity
  By Length
  By Application
Asia Pacific PTV Golf Cart Market Overview
  Asia Pacific Market Size and Forecast
  Asia Pacific Market Segmentation
  By Country
  By Product Type
  By Battery Capacity
  By Passenger Capacity
  By Length
  By Application
Middle East and Africa PTV Golf Cart Market Overview
  Middle East and Africa Market Size and Forecast
  Middle East and Africa Market Segmentation
  By Country
  By Product Type
  By Battery Capacity
  By Passenger Capacity
  By Length
  By Application
Competitive Landscape
  Company Profiles of Leading Players
  Analysis of Other Leading Players
Primary Interview Analysis
  Indicative List of Respondents
  Interview Transcripts


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