Golf Cart Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2025

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Global Golf Cart Market: Overview

The golf cart manufacturing industry is showing substantial growth over the years. Increasing innovations in the golf cart to provide more comfort rides to passengers are expanding the opportunities for manufactures in the golf cart market. Several guidelines made by the government for the drivers and cart owners to ensure safety will prolong the demand growth. Owing to the fact that golf cart are used in many sectors for short distance ride and transportation of goods the golf cart market had a size of $2.38 billion in 2018, and it will grow with a compound annual growth rate (CAGR) of 7.22% during the forecast period 2019-2025.

 North America is the leading region in the golf cart market. The rapid growth and increase globalization in the region will boost the economy and the purchasing power of the individual. Furthermore, high availability of country clubs, golf courses, and golfers in the region are primary reason behind North America to be one of the major regions with share of 38.81% in 2018 and it will grow in the near future.

Global Golf Cart Market: Outlook

A golf cart also known as golf car is a vehicle that is previously designed for golfers but later it used in wide range for travelling over a short distance at speed not more than 15 mph. The general purpose golf cars are also known as neighborhood electric vehicles (NEVs). The types of golf carts available after modification are adaptive golf carts, and extreme golf carts. The extreme golf carts are gaining popularity due to modification such as side by side (UTV) that will boost the golf cart market.

Increasing strict rules by government enables OEMs to bring in new innovative manufactured products. Electric golf cart and solar golf cart are gaining major traction from the consumers owing to the fact that they are environment friendly. The solar golf carts are cost effective solution as runs on solar charge. The major applications in the market will grow with a CAGR of 6.57% through to 2025.

Global Golf Cart Market: Drivers

·         Growth in economy and developing golf courses and country clubs worldwide will demand for more golf cart in the market.

·    Increasing urbanization and industrialization has led to growth in smart residential projects, the increasing demand for golf cart in hotels, amusement parks, industries tourism are anticipated to grow fuel the progression in the golf cart market.

·         The increase use of golf cart in airports and companies industrial visit will leverage the demand for golf cart in the market.

·         Rising use of golf cart in educational centers such as university, science museum is projected to propel the golf cart market.

·      Increasing use of golf cart for short distance indoor and outdoor activities and for carrying the passenger’s items in the hotels and other premium public areas will surely add high revenue in the golf cart market.

Global Golf Cart Market: Trends

·   Use of golf carts in various sectors due to factors such as saves labor cost and time, smother and comfortable ride for short distance are attributed with the increase adaptation of golf cart in premium and non-premium areas.

·   The innovations of electric golf carts is one of the trend in the golf cart market. The use of lead-acid batteries to run electric motor and save fuel efficiency is gaining traction from several sectors.

·   Gas powered golf carts made up of steel and other metals are stronger than other golf carts. The prior advantage of gas powered golf cart such as long run operation are experiencing improved demand from the consumers in the golf cart market.

·         Investment in the market from various other new vendors and manufactures with add on features such as durability, all-terrain tires, and rugged will increase the  usage of golf cart for exploring outdoors and in adventurous trips that will fuel the demand for golf cart.

Global Golf Cart Market: Challenges

Rise in number of vehicles that runs on petrol and diesel have led to increase in gas emission and global warming. Stringent rules and regulations governed by government and authorized organization has become of the challenge that can hamper the progression in the market. The growing innovations that led to manufacturing of hybrid/electric/chargeable golf cart that do not produce harmful gases are fueling the demand for golf cart.  

Global Golf Cart Market: Key Players Perspective

Some of the major players in the golf cart market are Hitachi Chemical Co, Ltd, JH global Service, INC, Textron Specialized Vehicles INC., Ingersoll-Rand Plc, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd, Xiamen Dalle Electric Car Co., Ltd, Yamaha Golf Car Company, Garia Inc, and Tomberlin, Maini Material Movement Pvt Ltd.

Golf Cart Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the golf cart market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of golf cart market, and its segmentation on the basis of product type that includes electric golf cart, gasoline golf cart, and solar golf cart.

 

Golf Cart Market Report: Industry Coverage


The report analyses the product demands by the golf cart market on the basis of application that include golf course, personal service, and commercial service. The golf cart market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:


  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia

 

Key Questions Addressed in the Golf Cart Market Report


Is the market demand for golf cart growing? How long will it continue to grow and at what rate?

Which type of golf cart presents the major growth opportunities?

Is there a possibility for change in the market structure over time?

Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?

Do the key vendors look for partnerships to expand their businesses with respect to geography or product?

What are the short-term, long-term, and medium-term growth drivers for the market?

What are the short-term, medium-term, and long-term challenges for the market?

What are the short-term, medium-term, and long-term opportunities for the market

Who are the top players/companies of the market?

What are the recent innovations in the market?

How many patents have been filed by the leading players?

What are the types of patents filed by the leading players?

What is our Vision 2030 for golf cart market?

 

A Few Focus Points Of This Research Are Given Below:


Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies

Provide an overview of the product portfolio, including product planning, development, and positioning

Discuss the role of technology companies in partnerships

Explore the regional sales activities

Analyze the market size and giving the forecast for current and future global golf cart market during the forecast 2019–2025.

Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures.

1. Golf Cart Market - Overview
        1.1 Definitions and Scope
2. Golf Cart Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Golf Cart Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Golf Cart Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Golf Cart Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Golf Cart Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Golf Cart Market - Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Golf Cart Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Electric Golf Cart
                8.3.1.1 And Opportunity
            8.3.2 Gasoline Golf Cart
            8.3.3 Solar Golf Cart
9. Golf Cart Market - By Type (Market Size -$Million / $Billion)
10. Golf Cart - By Application (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Golf Course
            10.3.2 Personal Service
            10.3.3 Commercial Service
11. Golf Cart - By Geography (Market Size -$Million / $Billion)
        11.1 Golf Cart Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Golf Cart- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Golf Cart- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Golf Cart - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Golf Cart - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Golf Cart Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Golf Cart Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Golf Cart Market - Key Company List by Country Premium
15. Golf Cart Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Garia Inc
        15.3 Hitachi Chemical Co , Ltd
        15.4 Ingersoll-Rand Plc
        15.5 Jh Global Services, Inc
        15.6 Maini Material Movement Pvt Ltd
        15.7 Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
        15.8 Textron Specialized Vehicle Inc
        15.9 Tomberlin
        15.10 Xiamen Dalle Electric Car Co., Ltd
        15.11 Yamaha Golf Car Company
        15.12 Company 12
        15.13 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Golf Cart Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Golf Cart Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Golf Cart Market By Product Type Market 2019-2024 ($M)
1.1 Electric Golf Cart Market 2019-2024 ($M) - Global Industry Research
1.1.1 And Opportunity Market 2019-2024 ($M)
1.2 Gasoline Golf Cart Market 2019-2024 ($M) - Global Industry Research
1.3 Solar Golf Cart Market 2019-2024 ($M) - Global Industry Research
2.Global Golf Cart Market By Product Type Market 2019-2024 (Volume/Units)
2.1 Electric Golf Cart Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 And Opportunity Market 2019-2024 (Volume/Units)
2.2 Gasoline Golf Cart Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Solar Golf Cart Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Golf Cart Market By Product Type Market 2019-2024 ($M)
3.1 Electric Golf Cart Market 2019-2024 ($M) - Regional Industry Research
3.1.1 And Opportunity Market 2019-2024 ($M)
3.2 Gasoline Golf Cart Market 2019-2024 ($M) - Regional Industry Research
3.3 Solar Golf Cart Market 2019-2024 ($M) - Regional Industry Research
4.South America Golf Cart Market By Product Type Market 2019-2024 ($M)
4.1 Electric Golf Cart Market 2019-2024 ($M) - Regional Industry Research
4.1.1 And Opportunity Market 2019-2024 ($M)
4.2 Gasoline Golf Cart Market 2019-2024 ($M) - Regional Industry Research
4.3 Solar Golf Cart Market 2019-2024 ($M) - Regional Industry Research
5.Europe Golf Cart Market By Product Type Market 2019-2024 ($M)
5.1 Electric Golf Cart Market 2019-2024 ($M) - Regional Industry Research
5.1.1 And Opportunity Market 2019-2024 ($M)
5.2 Gasoline Golf Cart Market 2019-2024 ($M) - Regional Industry Research
5.3 Solar Golf Cart Market 2019-2024 ($M) - Regional Industry Research
6.APAC Golf Cart Market By Product Type Market 2019-2024 ($M)
6.1 Electric Golf Cart Market 2019-2024 ($M) - Regional Industry Research
6.1.1 And Opportunity Market 2019-2024 ($M)
6.2 Gasoline Golf Cart Market 2019-2024 ($M) - Regional Industry Research
6.3 Solar Golf Cart Market 2019-2024 ($M) - Regional Industry Research
7.MENA Golf Cart Market By Product Type Market 2019-2024 ($M)
7.1 Electric Golf Cart Market 2019-2024 ($M) - Regional Industry Research
7.1.1 And Opportunity Market 2019-2024 ($M)
7.2 Gasoline Golf Cart Market 2019-2024 ($M) - Regional Industry Research
7.3 Solar Golf Cart Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Golf Cart Market Revenue, 2019-2024 ($M)
2.Canada Golf Cart Market Revenue, 2019-2024 ($M)
3.Mexico Golf Cart Market Revenue, 2019-2024 ($M)
4.Brazil Golf Cart Market Revenue, 2019-2024 ($M)
5.Argentina Golf Cart Market Revenue, 2019-2024 ($M)
6.Peru Golf Cart Market Revenue, 2019-2024 ($M)
7.Colombia Golf Cart Market Revenue, 2019-2024 ($M)
8.Chile Golf Cart Market Revenue, 2019-2024 ($M)
9.Rest of South America Golf Cart Market Revenue, 2019-2024 ($M)
10.UK Golf Cart Market Revenue, 2019-2024 ($M)
11.Germany Golf Cart Market Revenue, 2019-2024 ($M)
12.France Golf Cart Market Revenue, 2019-2024 ($M)
13.Italy Golf Cart Market Revenue, 2019-2024 ($M)
14.Spain Golf Cart Market Revenue, 2019-2024 ($M)
15.Rest of Europe Golf Cart Market Revenue, 2019-2024 ($M)
16.China Golf Cart Market Revenue, 2019-2024 ($M)
17.India Golf Cart Market Revenue, 2019-2024 ($M)
18.Japan Golf Cart Market Revenue, 2019-2024 ($M)
19.South Korea Golf Cart Market Revenue, 2019-2024 ($M)
20.South Africa Golf Cart Market Revenue, 2019-2024 ($M)
21.North America Golf Cart By Application
22.South America Golf Cart By Application
23.Europe Golf Cart By Application
24.APAC Golf Cart By Application
25.MENA Golf Cart By Application
26.Garia Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Hitachi Chemical Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Ingersoll-Rand Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Jh Global Services, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Maini Material Movement Pvt Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Textron Specialized Vehicle Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Tomberlin, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Xiamen Dalle Electric Car Co., Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Yamaha Golf Car Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)