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Asia-Pacific Golf Cart Market - By Fuel Type (Gasoline, Electric); By Seating Capacity (2–4 Seater, 4–8 Seater, and More than 8 Seater); By Vehicle Speed (Low-Speed Vehicles, High-Speed Vehicles); By End User (Golf Course, Personal Services, Commercial Se

Publisher BlueWeave Consulting
Published Feb 28, 2023
Length 240 Pages
SKU # BLWC18215527

Description

Asia-Pacific Golf Cart Market - By Fuel Type (Gasoline, Electric); By Seating Capacity (2–4 Seater, 4–8 Seater, and More than 8 Seater); By Vehicle Speed (Low-Speed Vehicles, High-Speed Vehicles); By End User (Golf Course, Personal Services, Commercial Services), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

Asia-Pacific Golf Cart Market Size Expanding to Reach USD 160 Million by 2029

Asia-Pacific golf cart market is flourishing owing to fiscal and monetary policies, the expansion of new buildings, particularly in the real estate and tourism sectors, and the rise in demand from affluent consumers.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia-Pacific golf cart market size at USD 105.21 million in 2022. During the forecast period between 2023 and 2029, the Asia-Pacific golf cart market size is projected to grow at a CAGR of 6.29% reaching a value of USD 159.97 million by 2029. The fiscal and monetary policies, as well as an increase in new development, particularly in the real estate and tourism industries, as well as an increase in demand from high-end consumers, are predicted to give the regional market in Asia-Pacific golf carts lucrative growth potential. Due mostly to an increase in high-end consumer demand, golf carts are steadily becoming increasingly well-liked across the nation. Also, the nation is a major market for low-speed automobiles (LSVs). Rising earnings and disposable incomes are anticipated to drive the purchasing of golf carts in India, which is on course to become the third-largest economy in the world by 2030. However, the Asia-Pacific golf cart market may be constrained by declining golf membership in several countries, including Japan.

Asia-Pacific Golf Cart Market – Overview

Two golfers and their clubs can be transported around a golf course in a golf cart, also referred to as a golf cart. Golf carts are intended to transport a small group of people over shorter distances and at a slower speed. They are available in a range of designs. For moving golfers and their equipment around golf courses, golf carts are self-propelled vehicles with internal combustion engines and electric motors. Battery-operated vehicles (BOVs), which normally travel at 25 to 50 km/h, are used for internal transportation of persons and products.

Asia-Pacific Golf Cart Market – By Application

Asia-Pacific golf cart market is segmented by end-user into Golf Course, Personal Services, and Commercial Services. The golf course segment is expected to grow during the forecast period due to the presence of a large number of golf courses across Asia Pacific. In addition, as golf has grown in popularity in recent years, so has coaching and investment in the sport. Professional golfers prefer to play on traditional golf courses, despite the high costs.

Competitive Landscape

Asia-Pacific golf cart market is fiercely competitive, with Cruise Car Inc., HDK Electric Vehicle, Varley Group, Polaris Industries Inc, Star EV Corporation, Yamaha Golf-Car Company, Thai Summit Group, Karrior Electric Vehicles, Hawk Carts, Tomberlin, and Other Prominent Players. Companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Asia-Pacific golf cart market.

Don’t miss the business opportunity in the Asia-Pacific Golf Cart Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Asia-Pacific Golf Cart Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Asia-Pacific Golf Cart Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

240 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Asia-Pacific Golf Cart Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Rising construction activities due to rapid urbanization
3.2.1.2. Growing tourism and hotel industry
3.2.1.3. Increasing participation in golf across the emerging economies
3.2.2. Restraints
3.2.2.1. High cost of product and its initial maintenance
3.2.2.2. Low power and speed
3.2.3. Opportunities
3.2.3.1. Rising technological advancements in Golf Cart
3.2.3.2. Reduction in fuel and battery costs
3.2.4. Challenges
3.2.4.1. Low-quality products offered by local players in the region
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Asia-Pacific Golf Cart Market Overview
4.1. Market Size & Forecast, by Value, 2019–2029
4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
4.2.1. By Fuel Type
4.2.1.1. Gasoline
4.2.1.2. Electric
4.2.2. By Seating Capacity
4.2.2.1. 2-4 Seater
4.2.2.2. 4-8 Seater
4.2.2.3. More than 8 Seater
4.2.3. By Vehicle Speed
4.2.3.1. Low-Speed Vehicles
4.2.3.2. High-Speed Vehicles
4.2.4. By End User
4.2.4.1. Golf Course
4.2.4.2. Personal Services
4.2.4.3. Commercial Services
5. Asia Pacific Golf Cart Market
5.1. Market Size & Forecast, by Value, 2019–2029
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Fuel Type
5.2.2. By Seating Capacity
5.2.3. By Vehicle Speed
5.2.4. By Country
5.2.4.1. China
5.2.4.1.1. By Fuel Type
5.2.4.1.2. By Seating Capacity
5.2.4.1.3. By Vehicle Speed
5.2.4.1.4. By Application
5.2.4.2. India
5.2.4.2.1. By Fuel Type
5.2.4.2.2. By Seating Capacity
5.2.4.2.3. By Vehicle Speed
5.2.4.2.4. By Application
5.2.4.3. Japan
5.2.4.3.1. By Fuel Type
5.2.4.3.2. By Seating Capacity
5.2.4.3.3. By Vehicle Speed
5.2.4.3.4. By Application
5.2.4.4. South Korea
5.2.4.4.1. By Fuel Type
5.2.4.4.2. By Seating Capacity
5.2.4.4.3. By Vehicle Speed
5.2.4.4.4. By Application
5.2.4.5. Australia & New Zealand
5.2.4.5.1. By Fuel Type
5.2.4.5.2. By Seating Capacity
5.2.4.5.3. By Vehicle Speed
5.2.4.5.4. By Application
5.2.4.6. Indonesia
5.2.4.6.1. By Fuel Type
5.2.4.6.2. By Seating Capacity
5.2.4.6.3. By Vehicle Speed
5.2.4.6.4. By Application
5.2.4.7. Malaysia
5.2.4.7.1. By Fuel Type
5.2.4.7.2. By Seating Capacity
5.2.4.7.3. By Vehicle Speed
5.2.4.7.4. By Application
5.2.4.8. Singapore
5.2.4.8.1. By Fuel Type
5.2.4.8.2. By Seating Capacity
5.2.4.8.3. By Vehicle Speed
5.2.4.8.4. By Application
5.2.4.9. Philippines
5.2.4.9.1. By Fuel Type
5.2.4.9.2. By Seating Capacity
5.2.4.9.3. By Vehicle Speed
5.2.4.9.4. By Application
5.2.4.10. Vietnam
5.2.4.10.1. By Fuel Type
5.2.4.10.2. By Seating Capacity
5.2.4.10.3. By Vehicle Speed
5.2.4.10.4. By Application
5.2.4.11. Rest of Asia Pacific
5.2.4.11.1. By Fuel Type
5.2.4.11.2. By Seating Capacity
5.2.4.11.3. By Vehicle Speed
5.2.4.11.4. By Application
6. Competitive Landscape
6.1. List of Key Players and Their Offerings
6.2. Asia-Pacific Golf Cart Company Market Share Analysis, 2022
6.3. Competitive Benchmarking, By Operating Parameters
6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
7. Impact of Covid-19 on Asia-Pacific Golf Cart Market
8. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
8.1. Cruise Car Inc.
8.2. HDK Electric Vehicle
8.3. Varley Group
8.4. Polaris Industries Inc
8.5. Star EV Corporation
8.6. Yamaha Golf-Car Company
8.7. Thai Summit Group
8.8. Karrior Electric Vehicles
8.9. Hawk Carts
8.10. Tomberlin
8.11. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
10.1. Qualitative Research
10.1.1. Primary & Secondary Research
10.2. Quantitative Research
10.3. Market Breakdown & Data Triangulation
10.3.1. Secondary Research
10.3.2. Primary Research
10.4. Breakdown of Primary Research Respondents, By Region
10.5. Assumptions & Limitations
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Asia-Pacific Golf Cart Segmentation
Figure 2 Asia-Pacific Golf Cart Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Asia-Pacific Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 5 Asia-Pacific Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 6 Asia-Pacific Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 7 Asia-Pacific Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 8 Asia-Pacific Golf Cart Market Share, By Application, By Value, 2019–2029
Figure 9 Asia-Pacific Golf Cart Market Share, By Country, By Value, 2019–2029
Figure 10 China Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 11 China Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 12 China Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 13 China Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 14 China Golf Cart Market Share, By Application, By Value, 2019–2029
Figure 15 India Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 16 India Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 17 India Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 18 India Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 19 India Golf Cart Market Share, By Application, By Value, 2019–2029
Figure 20 Japan Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 21 Japan Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 22 Japan Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 23 Japan Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 24 Japan Golf Cart Market Share, By Application, By Value, 2019–2029
Figure 25 South Korea Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 26 South Korea Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 27 South Korea Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 28 South Korea Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 29 South Korea Golf Cart Market Share, By Application, By Value, 2019–2029
Figure 30 Australia & New Zealand Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 31 Australia & New Zealand Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 32 Australia & New Zealand Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 33 Australia & New Zealand Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 34 Australia & New Zealand Golf Cart Market Share, By Application, By Value, 2019–2029
Figure 35 Indonesia Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 36 Indonesia Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 37 Indonesia Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 38 Indonesia Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 39 Indonesia Golf Cart Market Share, By Application, By Value, 2019–2029
Figure 40 Malaysia Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 41 Malaysia Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 42 Malaysia Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 43 Malaysia Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 44 Malaysia Golf Cart Market Share, By Application, By Value, 2019–2029
Figure 45 Singapore Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 46 Singapore Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 47 Singapore Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 48 Singapore Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 49 Singapore Golf Cart Market Share, By Application, By Value, 2019–2029
Figure 50 Philippines Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 51 Philippines Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 52 Philippines Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 53 Philippines Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 54 Philippines Golf Cart Market Share, By Application, By Value, 2019–2029
Figure 55 Vietnam Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 56 Vietnam Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 57 Vietnam Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 58 Vietnam Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 59 Vietnam Golf Cart Market Share, By Application, By Value, 2019–2029
Figure 60 Rest of APAC Golf Cart Market Size, By Value (USD Million), 2019–2029
Figure 61 Rest of APAC Golf Cart Market Share, By Fuel Type, By Value, 2019–2029
Figure 62 Rest of APAC Golf Cart Market Share, By Seating Capacity, By Value, 2019–2029
Figure 63 Rest of APAC Golf Cart Market Share, By Vehicle Speed, By Value, 2019–2029
Figure 64 Rest of APAC Golf Cart Market Share, By Application, By Value, 2019–2029
List of Tables
Table 1 Asia-Pacific Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 2 Asia-Pacific Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 3 Asia-Pacific Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 4 Asia-Pacific Golf Cart Market Size, By Application, By Value, 2019–2029
Table 5 Asia-Pacific Golf Cart Market Size, By Country, By Value, 2019–2029
Table 6 China Golf Cart Market Size, By Value (USD Million), 2019–2029
Table 7 China Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 8 China Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 9 China Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 10 China Golf Cart Market Size, By Application, By Value, 2019–2029
Table 11 India Golf Cart Market Size, By Value (USD Million), 2019–2029
Table 12 India Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 13 India Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 14 India Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 15 India Golf Cart Market Size, By Application, By Value, 2019–2029
Table 16 Japan Golf Cart Market Size, By Value (USD Million), 2019–2029
Table 17 Japan Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 18 Japan Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 19 Japan Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 20 Japan Golf Cart Market Size, By Application, By Value, 2019–2029
Table 21 South Korea Golf Cart Market Size, By Value (USD Million), 2019–2029
Table 22 South Korea Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 23 South Korea Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 24 South Korea Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 25 South Korea Golf Cart Market Size, By Application, By Value, 2019–2029
Table 26 Australia & New Zealand Golf Cart Market Size, By Value (USD Million), 2019–2029
Table 27 Australia & New Zealand Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 28 Australia & New Zealand Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 29 Australia & New Zealand Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 30 Australia & New Zealand Golf Cart Market Size, By Application, By Value, 2019–2029
Table 31 Indonesia Golf Cart Market Size, By Value (USD Million), 2019–2029
Table 32 Indonesia Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 33 Indonesia Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 34 Indonesia Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 35 Indonesia Golf Cart Market Size, By Application, By Value, 2019–2029
Table 36 Malaysia Golf Cart Market Size, By Value (USD Million), 2019–2029
Table 37 Malaysia Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 38 Malaysia Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 39 Malaysia Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 40 Malaysia Golf Cart Market Size, By Application, By Value, 2019–2029
Table 41 Singapore Golf Cart Market Size, By Value (USD Million), 2019–2029
Table 42 Singapore Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 43 Singapore Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 44 Singapore Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 45 Singapore Golf Cart Market Size, By Application, By Value, 2019–2029
Table 46 Philippines Golf Cart Market Size, By Value (USD Million), 2019–2029
Table 47 Philippines Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 48 Philippines Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 49 Philippines Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 50 Philippines Golf Cart Market Size, By Application, By Value, 2019–2029
Table 51 Vietnam Golf Cart Market Size, By Value (USD Million), 2019–2029
Table 52 Vietnam Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 53 Vietnam Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 54 Vietnam Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 55 Vietnam Golf Cart Market Size, By Application, By Value, 2019–2029
Table 56 Rest of APAC Golf Cart Market Size, By Value (USD Million), 2019–2029
Table 57 Rest of APAC Golf Cart Market Size, By Fuel Type, By Value, 2019–2029
Table 58 Rest of APAC Golf Cart Market Size, By Seating Capacity, By Value, 2019–2029
Table 59 Rest of APAC Golf Cart Market Size, By Vehicle Speed, By Value, 2019–2029
Table 60 Rest of APAC Golf Cart Market Size, By Application, By Value, 2019–2029
Table 61 Cruise Car Inc. Company Overview
Table 62 Cruise Car Inc. Financial Overview
Table 63 HDK Electric Vehicle Company Overview
Table 64 HDK Electric Vehicle Financial Overview
Table 65 Varley Group Company Overview
Table 66 Varley Group Financial Overview
Table 67 Polaris Industries Inc. Company Overview
Table 68 Polaris Industries Inc. Financial Overview
Table 69 Star EV Corporation Company Overview
Table 70 Star EV Corporation Financial Overview
Table 71 Yamaha Golf-Car Company Overview
Table 72 Yamaha Golf-Car Company Financial Overview
Table 73 Thai Summit Group Company Overview
Table 74 Thai Summit Group Financial Overview
Table 75 Karrior Electric Vehicles Company Overview
Table 76 Karrior Electric Vehicles Financial Overview
Table 77 Hawk Carts Company Overview
Table 78 Hawk Carts Financial Overview
Table 79 Tomberlin Company Overview
Table 80 Tomberlin Financial Overview

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