According to the latest report Golf Cart Market Research Report: Information by Propulsion Type, Seating Capacity, Application and by Regions with Forecast To 2023, Global Golf Cart Market Size To Expand at a Notable CAGR Of 6.9% By 2023 during forecast period of 2019 to 2023.
According to the latest report Golf Cart Market Research Report: Information by Propulsion Type (Electric and Gasoline), Seating Capacity (Small, Medium, Large), Application (Golf Course, Railways, Hotels & Resorts, Multi-residential Complexes) and by Regions with Forecast To 2023, published by Market Research Future, the Global Golf Cart Market Size To Expand at a Notable CAGR Of 6.9% By 2023 during forecast period of 2019 to 2023.
Golf Cart Market Key Players:
The prominent players in the global golf cart market are Yamaha Golf-Car Company (US), STAR EV (US), Garia A/S (Denmark), Bradshaw Electric Vehicles (UK), E-Z-GO (US), Marshell Green Power (China), Spoleman OÜ (Estonia), Polaris Industries, Inc. (US), Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD. (China), Speedways Electric (India), and Autopower (India)
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Golf Cart Market Drivers and Restraints:
Golf carts are preferred for carrying passengers or less heavy items for shorter distances in shopping malls, airports, entertainment places, and hotels. The primary use of golf cart is in country clubs and golf courses by golfers to carry their equipment, kits, and clubs, encouraging smoother and more enjoyable rounds. Furthermore, golf carts are widely used in commercial places, such as exhibition centers, railway stations, theme parties, zoos, wide life sanctuaries, office- factory visits, and multi-residential complexes.
Municipalities in North America, Europe, and in developed countries of Asia-Pacific have been making efforts to reduce air pollution, registered from small engines, such as those found in dirt bikes, lawnmowers, and gas-powered golf carts. The electric powered version of the golf cart, which is eco-friendly is is more preferred due to its safety, and the environmental benefits. This is because some of the municipal authorities focus on emission reduction from electric and hybrid vehicles as their engines contribute to smog and greenhouse gas emissions and higher costs than their electric equivalents.
Global Golf Cart Market Segments Analysis:
The global golf cart market is segmented based on propulsion type, seating capacity, application, and region.
On the basis of propulsion type, the market has been segmented into electric golf cart and gasoline golf cart.
On the basis of seating capacity, the market has been segmentted into small (2-4 seater), medium (6-10 seater), and large (More than 10).
On the basis of application, the market has been segmented into hotels & resorts, airports, railways, golf courses, multi-residential complexes, and others.
Global Golf Cart Market Regional Analysis:
Geographically, the global golf cart market has been segmented into four major regions, namely North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a prominent market share during the forecast period, owing to the rising demand for mobility solutions for shorter distances. Furthermore, government initiatives to adopt eco-friendly counterparts or electric golf carts in golf courses and hotels & resorts are expected to raise the demand over the forecast period.
The report for Global Golf Cart Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. SCOPE OF THE REPORT
2.1. MARKET DEFINITION
2.2. SCOPE OF THE STUDY
2.2.2. RESEARCH OBJECTIVE
2.3. RESEARCH PROCESS
2.3.1. PRIMARY RESEARCH
2.3.2. SECONDARY RESEARCH
2.4. MARKET SIZE ESTIMATION
2.5. FORECAST MODEL
3.1. PORTER’S FIVE FORCES ANALYSIS
3.1.1. THREAT OF NEW ENTRANTS
3.1.2. BARGAINING POWER OF BUYERS
3.1.3. THREAT OF SUBSTITUTES
3.1.4. SEGMENT RIVALRY
3.1.5. BARGAINING POWER OF BUYERS
3.2. VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4. MARKET DYNAMICS
4.2. MARKET DRIVERS
4.3. MARKET RESTRAINTS
4.4. MARKET OPPORTUNITIES
4.5. MARKET TRENDS
List Of Tables:
TABLE 1 GLOBAL GOLF CART MARKET: BY REGION, 2018–2023
TABLE 2 NORTH AMERICA: GOLF CART MARKET: BY COUNTRY, 2018–2023
TABLE 3 EUROPE: GOLF CART MARKET: BY COUNTRY, 2018–2023
TABLE 4 ASIA-PACIFIC: GOLF CART MARKET: BY COUNTRY, 2018–2023
TABLE 5 ROW: GOLF CART MARKET: BY REGION, 2018–2023
TABLE 6 GLOBAL GOLF CART MARKET, BY PROPULSION TYPE, BY REGIONS, 2018–2023
TABLE 7 NORTH AMERICA: GOLF CART MARKET, BY PROPULSION TYPE, BY COUNTRY, 2018–2023
TABLE 8 EUROPE: GOLF CART MARKET, BY PROPULSION TYPE, BY COUNTRY, 2018–2023
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