Market Overview:
The global golf cart market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for electric golf carts and rising awareness about their benefits among consumers, especially in developed countries. In addition, the growing popularity of golf as a recreational activity is also contributing to the growth of this market. The global golf cart market can be segmented on the basis of type into gas power, electric power and others. The electric power segment is expected to grow at a higher CAGR than other segments during the forecast period owing to its numerous advantages over gas-powered carts, such as lower emissions and no need for fuel refills. On the basis of application, the global golf cart market can be divided into golf club and others (including resorts, campuses etc.).
Product Definition:
A golf cart is a small vehicle designed to transport golfers and their equipment around a golf course. Golf carts can also be used for other purposes, such as carrying materials on construction sites or patrolling large areas of land.
Gas Power:
Gas power is the energy source used in golf carts. It is a fuel-fired engine which produces mechanical energy through combustion of gas. The main components of gas power system are engine, tank, muffler and exhaust pipe among some other accessories. The golf cart engines can be gasoline or diesel based as per the requirement and they can be operated on AC or DC systems with battery backup for operation without driver intervention.
Electric Power:
Electric power is the rate at which electric circuits interact with electromagnetic fields. It is usually represented in terms of voltage and current. The higher the voltage, the more powerful an electric motor will be to turn a wheel and propel a golf cart on road.
Application Insights:
The golf club segment dominated the global market in 2017. The application of these vehicles is primarily limited to carrying the golfer and his/her clubs around. These vehicles are also used by other passengers such as caddies, wives or girlfriends of the golfer for transportation purposes on a golf course. The growing popularity of miniaturized versions of these cars has been encouraging several manufacturers to adopt this type for their offerings.
The others segment includes personal automobiles, commercial vehicles.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. This can be attributed to the increasing popularity of golf as a sport and leisure activity, which has led to an increase in demand for golf cars across the region. Moreover, presence of prominent manufacturers such as Callaway Golf Company and Nike Inc., coupled with high disposable income levels among consumers are some other factors contributing toward regional growth.
Asia Pacific is anticipated to emerge as one of the fastest-growing regions during the forecast period owing to rising number of tournaments held at Asian countries such as China, India and Japan along with growing interest among players regarding car rental services for playing these tournaments easily and inexpensively thus promoting sales volume at retail outlets near airports or railway stations etcetera thereby positively influencing market growth across this region significantly over next eight years.
Growth Factors:
- Increasing demand for golf carts from the tourism sector as a result of increasing number of tourists worldwide.
- Golf cart manufacturers are focusing on developing advanced features and technologies in their products to attract buyers. This is expected to fuel the growth of the market during the forecast period.
- The growing popularity of golf as a sport is also contributing to the growth of the market.
- Rising disposable income levels among consumers is propelling them to invest in luxury items such as golf carts, thereby driving market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Golf Cart Market Research Report
By Type
Gas Power, Electric Power, others
By Application
Golf Club, Others
By Companies
Yamaha Motor, Club Car(Ingersoll Rand), Textron(E-Z-Go and Cushman), citEcar Electric Vehicles, AGT Electric Cars
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Golf Cart Market Report Segments:
The global Golf Cart market is segmented on the basis of:
Types
Gas Power, Electric Power, others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Golf Club, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yamaha Motor
- Club Car(Ingersoll Rand)
- Textron(E-Z-Go and Cushman)
- citEcar Electric Vehicles
- AGT Electric Cars
Highlights of The Golf Cart Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gas Power
- Electric Power
- others
- By Application:
- Golf Club
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Golf Cart Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A golf cart is a vehicle that is typically smaller than a car and has either four or two wheels. It is often used for transportation on golf courses, but can also be used for other purposes such as shopping or errands.
Some of the major companies in the golf cart market are Yamaha Motor, Club Car(Ingersoll Rand), Textron(E-Z-Go and Cushman), citEcar Electric Vehicles, AGT Electric Cars.
The golf cart market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Golf Cart Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Golf Cart Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Golf Cart Market - Supply Chain
4.5. Global Golf Cart Market Forecast
4.5.1. Golf Cart Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Golf Cart Market Size (000 Units) and Y-o-Y Growth
4.5.3. Golf Cart Market Absolute $ Opportunity
5. Global Golf Cart Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Golf Cart Market Size and Volume Forecast by Type
5.3.1. Gas Power
5.3.2. Electric Power
5.3.3. others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Golf Cart Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Golf Cart Market Size and Volume Forecast by Application
6.3.1. Golf Club
6.3.2. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Golf Cart Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Golf Cart Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Golf Cart Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Golf Cart Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Golf Cart Demand Share Forecast, 2019-2026
9. North America Golf Cart Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Golf Cart Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Golf Cart Market Size and Volume Forecast by Application
9.4.1. Golf Club
9.4.2. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Golf Cart Market Size and Volume Forecast by Type
9.7.1. Gas Power
9.7.2. Electric Power
9.7.3. others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Golf Cart Demand Share Forecast, 2019-2026
10. Latin America Golf Cart Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Golf Cart Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Golf Cart Market Size and Volume Forecast by Application
10.4.1. Golf Club
10.4.2. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Golf Cart Market Size and Volume Forecast by Type
10.7.1. Gas Power
10.7.2. Electric Power
10.7.3. others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Golf Cart Demand Share Forecast, 2019-2026
11. Europe Golf Cart Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Golf Cart Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Golf Cart Market Size and Volume Forecast by Application
11.4.1. Golf Club
11.4.2. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Golf Cart Market Size and Volume Forecast by Type
11.7.1. Gas Power
11.7.2. Electric Power
11.7.3. others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. B Application
11.10.4. By Sales Channel
11.11. Europe Golf Cart Demand Share, 2019-2026
12. Asia Pacific Golf Cart Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Golf Cart Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Golf Cart Market Size and Volume Forecast by Application
12.4.1. Golf Club
12.4.2. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Golf Cart Market Size and Volume Forecast by Type
12.7.1. Gas Power
12.7.2. Electric Power
12.7.3. others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Golf Cart Demand Share, 2019-2026
13. Middle East & Africa Golf Cart Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Golf Cart Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Golf Cart Market Size and Volume Forecast by Application
13.4.1. Golf Club
13.4.2. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Golf Cart Market Size and Volume Forecast by Type
13.7.1. Gas Power
13.7.2. Electric Power
13.7.3. others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Golf Cart Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Golf Cart Market: Market Share Analysis
14.2. Golf Cart Distributors and Customers
14.3. Golf Cart Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Yamaha Motor
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Club Car(Ingersoll Rand)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Textron(E-Z-Go and Cushman)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. citEcar Electric Vehicles
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AGT Electric Cars
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
