Golf Cart Manufacturing
The Golf Cart Manufacturing industry has struggled to recover the losses it suffered amid the recession. However, the industry is expected to grow over the next five years, albeit at a slow rate. Industry growth will likely hinge on demand from foreign economies, particularly from rapidly developing countries as domestic interest in golf, especially among youth athletes, is expected to continue its decline. Nevertheless, the industry will continue to seek growth in domestic sales through the development of new products that attract customers with increased performance and improved technologies that create more energy-efficient carts and more capable off-road vehicles.
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.