Press Release

A Comprehensive research study conducted by KD Market Insights on ” Golf Cart market – By Product Type (Electric Golf Cart, Solar Golf Cart, Gasoline Golf Cart), By Application (Golf Course, Personal Services, Commercial Services, Others) & Global Region – Market Size, Share, Trends and Forecast 2018-2023” report offers extensive and highly detailed historical, current and future market trends in the Global and regional/market. The  Golf Cart Market report includes market size, growth drivers, barriers, opportunities, trends and other information which helps to find new opportunities in this market for the growth of the business through new technologies and developments.

The golf cart market is expected to mask a CAGR of 7.3% during the projected period. Further, the market was calculated at USD 1,621.3 million in 2016 and is anticipated to reach a valuation of USD 2,584.5 million by the end of the forecast period. The golf cart is a lightweight vehicle used for short distance transportation. It is also known as non-highway or off-road vehicle with an average speed between 25 to 20 km ph. The major applications of golf cart market are segmented into golf courses, personal use, industrial use, rental services, and others.

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Growth Drivers and Restraints

The golf cart finds a range of applications in our lives. The golf cart has been used in a different location for different purposes such as universities, airports, shopping malls, hospitals, tourism, and others. These carts are used in airports and shopping malls to carry luggage over a short distance. These applications are positively influencing the growth of golf cart market. Moreover, the tourism and hospitality sectors are majority growing market in the golf cart industry. This sector creates a new opportunity for sales of golf cart across the globe.

Additionally, the increased personal income of consumers and changing lifestyle are key factors which are increasing the participation rate in the golf game. Moreover, the rising number of golf courses globally and increasing trend of golf tourism in developing countries such as Australia, Japan, China, Canada, and India are projected to propel the demand for golf carts in near future. Furthermore, in terms of golf cart product, they are segmented into solar, electric and gasoline. Among them, the electric golf cart is growing at the fastest rate as they incur low maintenance cost. This factor is believed to raise demand for electric golf cart in the coming years.

Additionally, the increase in urbanization and industrialization for hi-tech and smart residential projects such as theme park, hospitality, hotels, rental services, resorts, and others are expected to drive the demand for internal transportation to carry people and goods. These are the major factor resulting in a rising demand for golf cart market across all regions. Region-wise, North America is the strongest region for the golf cart market. As advancements in technology and rejuvenation of the golf industry are getting stronger with time in North America. Moreover, the new players are looking for business expansion and ready to invest significantly in electric LSV vehicle as compared to other countries. This factor is projected to drive the growth of the North America golf cart market in coming years. However, the high cost of maintenance of golf carts is believed to hinder the growth of golf cart market. Moreover, the rise in the number of local manufactures of the golf cart is affecting the revenue of organized players in the market leading to a barrier for the golf cart market.

Segmentation
The research offers a comprehensive analysis of golf cart market with respect to following sub-markets:

By Product Type
– Electric Golf Cart
– Solar Golf Cart
– Gasoline Golf Cart

By Application
– Golf Course
– Personal Services
– Commercial Services
– Others

By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive landscape
The report profiles various major market players such as,
– GARIA Incorporation
– Ingersoll Rand
– JH Global Services Incorporation
– Maini Materials Movement Pvt. Ltd
– Suzhou Eagle Electric Vehicle Corporation.
– Textron Specialized Vehicles Incorporation
– Yamaha Golf Car
– Tomberlin
– Hitachi Chemicals
– Xiamen Dalle Electric Car Corporation.
– Other Prominent Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as technology information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities. The study also provides company’s positioning and market share in golf cart market.

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Table of Content

Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Golf Cart Market
3. Global Golf Cart Market Trends
4. Opportunities in Global Golf Cart Market
5. Recent Industry Activities, 2017
6. Porter’s Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Products Average Price Analysis, By Country
9. Global Golf Cart Market Value (USD Million), 2017-2023

10. Global Golf Cart Market Segmentation Analysis, By Product Type
10.1. Introduction
10.2. Market Attractiveness, By Product Type
10.3. BPS Analysis, By Product Type
10.4. Electric Golf Cart Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Solar Golf Cart Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6. Gasoline Golf Cart Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023

11. Global Golf Cart Market Segmentation Analysis, By Application
11.1. Introduction
11.2. Market Attractiveness, By Application
11.3. BPS Analysis, By Application
11.4. Golf Course Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.5. Personal Services Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.6. Commercial Services Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023

12. Geographical Analysis
12.1. Introduction
12.2. North America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.1. By Product Type
12.2.1.1. Introduction
12.2.1.2. Market Attractiveness, By Product Type
12.2.1.3. BPS Analysis, By Product Type
12.2.1.4. Electric Golf Cart Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.1.5. Solar Golf Cart Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.1.6. Gasoline Golf Cart Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.2. By Application
12.2.2.1. Introduction
12.2.2.2. Market Attractiveness, By Application
12.2.2.3. BPS Analysis, By Application
12.2.2.4. Golf Course Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.2.5. Personal Services Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.2.6. Commercial Services Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.2.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.3. By Country
12.2.3.1. Market Attractiveness, By Country
12.2.3.2. BPS Analysis, By Country
12.2.3.3. U.S. Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.3.4. Canada Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023

12.3. Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.1. By Product Type
12.3.1.1. Introduction
12.3.1.2. Market Attractiveness, By Product Type
12.3.1.3. BPS Analysis, By Product Type
12.3.1.4. Electric Golf Cart Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.1.5. Solar Golf Cart Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.1.6. Gasoline Golf Cart Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.2. By Application
12.3.2.1. Introduction
12.3.2.2. Market Attractiveness, By Application
12.3.2.3. BPS Analysis, By Application
12.3.2.4. Golf Course Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.2.5. Personal Services Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.2.6. Commercial Services Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.2.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.3. By Country
12.3.3.1. Market Attractiveness, By Country
12.3.3.2. BPS Analysis, By Country
12.3.3.3. Germany Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.3.4. United Kingdom Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.3.5. France Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.3.6. Italy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.3.7. Spain Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.3.8. Russia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.3.9. Rest of Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023

Continue….

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