Golf Cart Market, by Fuel Type (Electric Golf Carts Gasoline Golf Carts, and Solar Golf Cart), by Application (Passenger Mover Golf Cart, Turf Maintenance/Utility Golf Cart, and Food and Beverage Golf Cart), by Seating Capacity (Small (2-4 Seater), Medium
Description
Golf Cart Market, by Fuel Type (Electric Golf Carts Gasoline Golf Carts, and Solar Golf Cart), by Application (Passenger Mover Golf Cart, Turf Maintenance/Utility Golf Cart, and Food and Beverage Golf Cart), by Seating Capacity (Small (2-4 Seater), Medium (6-8 Seater), and Large (Above 8 Seater)), By Use Case (Golf Operations, Personal, and Utility), by End-Use Vertical (Golf/Sports, Education, Government, Industries, Resort, Hotels and Malls, and Airports), and by Geography - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
The global golf cart market generated a revenue of US$ 3,262.3 million in 2017 and is projected to exhibit a CAGR of 6.3% over the forecast period, reaching US$ 5,590.0 million by 2027.
Market Dynamics
The increasing deployment of golf carts across a number of facility centers in the Asia pacific region is driving the growth of the global golf cart market. According to analysis by Coherent Market Insights in 2021, the Asia pacific region has more than 2,000 golf facilities which is positively impacting the market growth for golf cart. Moreover, continual developments made in terms of manufacturing of golf carts are opening major opportunities for the golf carts market players.
According to the data from Automobile Industry in 2019, the deployment of golf carts is highly expected across various spaces, airports being one of the most prominent ones. Owing to this, airports would contribute to the worldwide growth of golf carts market.
Furthermore, growing urbanization and industrialization have increased the demand for internal transportation to carry goods and people. For instance, in 2021, in India, Pune Airport authorities have obtained three golf carts to transport passengers outside the terminal.
Market Taxonomy
This report segments the global golf cart market on the basis of fuel type, application, seating capacity, use case, end-use vertical and geography. For a comprehensive understanding of market dynamics, the market is analyzed across key geographical regions namely, North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each of these regions is analyzed based on the market findings across major countries in these regions for a macro-level understanding of the market.
Key features of the study:
This report provides an in-depth analysis of the golf cart market with market size (US$ Million) and CAGR (%) for the forecast period (2022 - 2028), considering 2021 as the base year
This report elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
The research study will also provide golf cart accessories market outlook
It profiles leading players in the global golf cart market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key companies covered as a part of this study include Autopower (India), Club Car, LLC, Columbia Vehicle Group Inc., E-Z-GO, Garia A/S, Hitachi Chemical Co., Ltd., INGERSOLL-RAND PLC, Marshell Green Power, Speedways Electric, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Specialized Vehicles Inc., Xiamen Dalle Electric Car Co., Ltd, and Yamaha Golf-Car Company
Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to their future product launch, technology upgrades, market expansion, and marketing tactics
Various strategy matrices used in analyzing the golf cart market would provide stakeholders vital inputs to make strategic decisions accordingly
Detailed Segmentation:
Global Golf Cart Market, By Fuel Type:
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
Global Golf Cart Market, By Application:
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
Global Golf Cart Market, By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
Global Golf Cart Market, By Use Case
Golf Operations
Personal
Utility
Global Golf Cart Market, By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Global Golf Cart Market, By Geography:
North America
By Country
U.S.
Canada
By Segmentation
By Fuel Type
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
By Application
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
By Use Case
Small (2-4) Golf Operations
Personal
Utility
By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Europe
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
By Segmentation
By Fuel Type
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
By Application
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
By Use Case
Small (2-4) Golf Operations
Personal
Utility
By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Asia Pacific
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest Of Asia Pacific
By Segmentation
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
By Fuel Type
By Application
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
By Use Case
Small (2-4) Golf Operations
Personal
Utility
By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Latin America
By Country
Brazil
Mexico
Rest Of Asia Pacific
By Segmentation
By Fuel Type
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
By Application
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
By Use Case
Small (2-4) Golf Operations
Personal
Utility
By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Middle East & Africa (MEA)
By Country
South Africa
GCC Countries
Rest of MEA
By Segmentation
By Fuel Type
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
By Application
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
By Use Case
Small (2-4) Golf Operations
Personal
Utility
By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Company Profiles
Autopower (India)
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Club Car, LLC
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Columbia Vehicle Group Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
E-Z-GO
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Garia A/S
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Hitachi Chemical Co., Ltd.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
INGERSOLL-RAND PLC
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Marshell Green Power
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Speedways Electric
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Textron Specialized Vehicles Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Xiamen Dalle Electric Car Co., Ltd
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Yamaha Golf-Car Company
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
The global golf cart market generated a revenue of US$ 3,262.3 million in 2017 and is projected to exhibit a CAGR of 6.3% over the forecast period, reaching US$ 5,590.0 million by 2027.
Market Dynamics
The increasing deployment of golf carts across a number of facility centers in the Asia pacific region is driving the growth of the global golf cart market. According to analysis by Coherent Market Insights in 2021, the Asia pacific region has more than 2,000 golf facilities which is positively impacting the market growth for golf cart. Moreover, continual developments made in terms of manufacturing of golf carts are opening major opportunities for the golf carts market players.
According to the data from Automobile Industry in 2019, the deployment of golf carts is highly expected across various spaces, airports being one of the most prominent ones. Owing to this, airports would contribute to the worldwide growth of golf carts market.
Furthermore, growing urbanization and industrialization have increased the demand for internal transportation to carry goods and people. For instance, in 2021, in India, Pune Airport authorities have obtained three golf carts to transport passengers outside the terminal.
Market Taxonomy
This report segments the global golf cart market on the basis of fuel type, application, seating capacity, use case, end-use vertical and geography. For a comprehensive understanding of market dynamics, the market is analyzed across key geographical regions namely, North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each of these regions is analyzed based on the market findings across major countries in these regions for a macro-level understanding of the market.
Key features of the study:
This report provides an in-depth analysis of the golf cart market with market size (US$ Million) and CAGR (%) for the forecast period (2022 - 2028), considering 2021 as the base year
This report elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
The research study will also provide golf cart accessories market outlook
It profiles leading players in the global golf cart market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key companies covered as a part of this study include Autopower (India), Club Car, LLC, Columbia Vehicle Group Inc., E-Z-GO, Garia A/S, Hitachi Chemical Co., Ltd., INGERSOLL-RAND PLC, Marshell Green Power, Speedways Electric, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Specialized Vehicles Inc., Xiamen Dalle Electric Car Co., Ltd, and Yamaha Golf-Car Company
Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to their future product launch, technology upgrades, market expansion, and marketing tactics
Various strategy matrices used in analyzing the golf cart market would provide stakeholders vital inputs to make strategic decisions accordingly
Detailed Segmentation:
Global Golf Cart Market, By Fuel Type:
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
Global Golf Cart Market, By Application:
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
Global Golf Cart Market, By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
Global Golf Cart Market, By Use Case
Golf Operations
Personal
Utility
Global Golf Cart Market, By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Global Golf Cart Market, By Geography:
North America
By Country
U.S.
Canada
By Segmentation
By Fuel Type
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
By Application
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
By Use Case
Small (2-4) Golf Operations
Personal
Utility
By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Europe
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
By Segmentation
By Fuel Type
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
By Application
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
By Use Case
Small (2-4) Golf Operations
Personal
Utility
By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Asia Pacific
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest Of Asia Pacific
By Segmentation
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
By Fuel Type
By Application
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
By Use Case
Small (2-4) Golf Operations
Personal
Utility
By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Latin America
By Country
Brazil
Mexico
Rest Of Asia Pacific
By Segmentation
By Fuel Type
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
By Application
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
By Use Case
Small (2-4) Golf Operations
Personal
Utility
By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Middle East & Africa (MEA)
By Country
South Africa
GCC Countries
Rest of MEA
By Segmentation
By Fuel Type
Electric Golf Carts
Gasoline Golf Carts
Solar Golf Cart
By Application
Passenger Mover Golf Cart
Turf Maintenance/Utility Golf Cart
Food and Beverage Golf Cart
By Seating Capacity
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seater)
By Use Case
Small (2-4) Golf Operations
Personal
Utility
By End-Use Vertical
Golf/Sports
Education
Government
Industries
Resort, Hotels and Malls
Airports
Company Profiles
Autopower (India)
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Club Car, LLC
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Columbia Vehicle Group Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
E-Z-GO
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Garia A/S
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Hitachi Chemical Co., Ltd.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
INGERSOLL-RAND PLC
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Marshell Green Power
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Speedways Electric
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Textron Specialized Vehicles Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Xiamen Dalle Electric Car Co., Ltd
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Yamaha Golf-Car Company
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Table of Contents
150 Pages
- 1. Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Component
- Market Snippet By End-Users
- Market Snippet By Product Type
- Market Snippet By Seating Capacity
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
- 4. Global Golf Cart Market, By Component, 2017 - 2028 (USD Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Segment Trends
- Electric Golf Cart Component
- Introduction
- Market Size and Forecast, 2017 - 2028, (USD Million)
- Sub-segments
- Brake Systems
- Electrical Components
- Suspension System
- Wheels and Tires
- Others
- Gasoline Golf Cart Component
- Introduction
- Market Size and Forecast, 2017 - 2028, (USD Million)
- Sub-Segments
- Brake Systems
- Engine and Related Components
- Exhaust System
- Suspension System
- Wheels and Tires
- Others
- 5. Global Golf Cart Market, By End Users, 2017 - 2028 (USD Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Segment Trends
- Private
- Introduction
- Market Size and Forecast, 2017 - 2028, (USD Million)
- Sub-segments
- Golf Clubs
- Hotels/Resorts
- Housing Projects
- Others
- Government
- Introduction
- Market Size and Forecast, 2017 - 2028, (USD Million)
- Sub-segments
- Airports
- Railways
- PSUs
- Others
- 6. Global Golf Cart Market, By Product Type, 2017 - 2028 (USD Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Segment Trends
- Electric Golf Cart
- Introduction
- Market Size and Forecast, 2017 - 2028, (USD Million
- Gasoline Golf Cart
- Introduction
- Market Size and Forecast, 2017 - 2028, (USD Million)
- 7. Global Golf Cart Market, By Seating Capacity, 2017 - 2028 (USD Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Segment Trends
- Small (2-4)
- Introduction
- Market Size and Forecast, 2017 - 2028, (USD Million)
- Medium (6-8)
- Introduction
- Market Size and Forecast, 2017 - 2028, (USD Million)
- Large (10+)
- Introduction
- Market Size and Forecast, 2017 - 2028, (USD Million)
- 8. Global Golf Cart Market, By Regions, 2017 - 2028 (USD Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2028 (%)
- North America
- By Country
- U.S.
- Canada
- By Segment
- Market Size and Forecast, By Component, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Product Type, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Seating Capacity, 2017 - 2028 (USD Million)
- Market Size and Forecast, By End Users, 2017 - 2028 (USD Million)
- Europe
- By Country
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Segment
- Market Size and Forecast, By Component, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Product Type, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Seating Capacity, 2017 - 2028 (USD Million)
- Market Size and Forecast, By End Users, 2017 - 2028 (USD Million)
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- By Segment
- Market Size and Forecast, By Component, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Product Type, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Seating Capacity, 2017 - 2028 (USD Million)
- Market Size and Forecast, By End Users, 2017 - 2028 (USD Million)
- Latin America
- By Country
- Brazil
- Mexico
- Rest Of Asia Pacific
- By Segment
- Market Size and Forecast, By Component, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Product Type, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Seating Capacity, 2017 - 2028 (USD Million)
- Market Size and Forecast, By End Users, 2017 - 2028 (USD Million)
- Africa
- By Country
- South Africa
- Central Africa
- North Africa
- By Segment
- Market Size and Forecast, By Component, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Product Type, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Seating Capacity, 2017 - 2028 (USD Million)
- Market Size and Forecast, By End Users, 2017 - 2028 (USD Million)
- Middle East
- By Country
- GCC
- Israel
- Rest Of Middle East
- By Segment
- Market Size and Forecast, By Component, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Product Type, 2017 - 2028 (USD Million)
- Market Size and Forecast, By Seating Capacity, 2017 - 2028 (USD Million)
- Market Size and Forecast, By End Users, 2017 - 2028 (USD Million)
- 9. Competitive Landscape
- Company Profiles
- Club Car, LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Columbia ParCar Corp
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Cruise Car, Inc
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- EverGreen Electrical Vehicles
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- E-Z-GO
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Garia Luxury Golf Car
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Hitachi Chemical Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Maini Material Movement Pvt. Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Xiamen Dalle Electric Car Co., Ltd
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Yamaha Golf-Car Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Analyst Views
- 10. Section
- References
- Research Methodology
- About us and Sales Contact
- Available Customizations
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- *Browse all the market data tables and figures on "Golf Cart Market - Global forecast to 2028”.
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