The global golf cart market size was US$ 1.41 billion in 2021. The global golf cart market size is forecast to reach US$ 24.83 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2030.
A golf cart refers to a motorized cart designed to wheel equipment around a golf course, including golf bags. Golf carts can be electric or gas-powered and offer specialized safety and comfort features that cater to golfers' needs. Prior to its use in golf, carts served for short trips over short distances, usually at a speed of not more than 15 miles per hour. Neighborhood electric vehicles are also known as golf cars. Adaptive golf carts and extreme golf carts are the types of golf carts available after modification.
Factors Influencing Market Growth
Impact Analysis of COVID-19
As a result of the COVID-19 pandemic, golf courses had to remain closed due to lockdowns and social distancing measures, which led to a sharp drop in the number of rounds played in the spring of 2020, and a decline in sales of golf carts. Additionally, the COVID-19 outbreak severely affected the automotive sector globally, which resulted in a decline in vehicle sales and an inconsistency in raw materials. Thus, impacted the global market.
However, as restrictions and closures on golf courses gradually ease, the facilities are becoming more appealing as socially distant recreation spaces. In turn, this will result in a notable uptick in interest in the game.
Factors Influencing Market Growth
Impact Analysis of COVID-19
As a result of the COVID-19 pandemic, golf courses had to remain closed due to lockdowns and social distancing measures, which led to a sharp drop in the number of rounds played in the spring of 2020, and a decline in sales of golf carts. Additionally, the COVID-19 outbreak severely affected the automotive sector globally, which resulted in a decline in vehicle sales and an inconsistency in raw materials. Thus, impacted the global market.
However, as restrictions and closures on golf courses gradually ease, the facilities are becoming more appealing as socially distant recreation spaces. In turn, this will result in a notable uptick in interest in the game.
Scope of the Report
The global golf cart market segmentation focuses on Application, Product Type, and Region.
Segmentation based on Application
Segmentation based on Product Type
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL GOLF CART MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL GOLF CART MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL GOLF CART MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 Golf Course
5.3 Personal Services
5.4 Commercial Services
6 GLOBAL GOLF CART MARKET, BY PRODUCT TYPE
6.1 OVERVIEW
6.2 ELECTRIC GOLF CART
6.3 GASOLINE GOLF CART
6.4 SOLAR GOLF CART
7 GLOBAL GOLF CART MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL DATA SCIENCE PLATFORM MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
9 COMPANY PROFILES
9.1 GARIA INCORPORATED
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.2 PLATINUM EQUITY ADVISORS, LLC (CLUB CAR)
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.3 TEXTRON INC. (E‑Z‑GO)
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.4 YAMAHA MOTOR CO., LIMITED
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.5 SHOWA DENKO (HITACHI CHEMICALS)
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.6 MAINI GROUP
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.7 NORDIC GROUP OF COMPANIES, LIMITED
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.8 SUZHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LIMITED
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.9 XIAMEN DALLE NEW ENERGY AUTOMOBILE CO., LIMITED
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.10 ATUL AUTO LIMITED
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
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