Golf Cart Manufacturing in the US - Industry Market Research Report
Description
Golf Cart Manufacturing in the US
Golf cart manufacturers have been enduring high volatility over the past five years. Although the standard golf cart has emerged as a convenient method of transportation for security personnel, retirement communities, families and other businesses and organizations, the primary market for golf carts remains the Golf Courses and Country Clubs industry (IBISWorld report 71391). While the COVID-19 pandemic sparked consumer interest in golf, health and safety regulations prevented manufacturers from fully capitalizing on evolving consumer tastes. Instead, inexpensive imports filled gaps in demand. Over the past five years, industry revenue has been falling at a CAGR of 5.4% and is expected to reach $1.2 billion in 2023, including a 0.2% contraction in 2023 alone.
Companies in this industry manufacture golf carts. Industry products are used for passenger transport on golf courses and, to a lesser extent, for transportation in other settings, such as in gated and elderly communities.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Golf cart manufacturers have been enduring high volatility over the past five years. Although the standard golf cart has emerged as a convenient method of transportation for security personnel, retirement communities, families and other businesses and organizations, the primary market for golf carts remains the Golf Courses and Country Clubs industry (IBISWorld report 71391). While the COVID-19 pandemic sparked consumer interest in golf, health and safety regulations prevented manufacturers from fully capitalizing on evolving consumer tastes. Instead, inexpensive imports filled gaps in demand. Over the past five years, industry revenue has been falling at a CAGR of 5.4% and is expected to reach $1.2 billion in 2023, including a 0.2% contraction in 2023 alone.
Companies in this industry manufacture golf carts. Industry products are used for passenger transport on golf courses and, to a lesser extent, for transportation in other settings, such as in gated and elderly communities.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
41 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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