Golf Cart Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Golf Cart Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global golf cart market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
A golf cart, or golf buggy, refers to a low-speed motorized vehicle that is primarily used for the transportation of golfers and equipment within the premises of a golf course. It usually runs on a gasoline engine, solar power or electric motor and is available in a wide variety of sizes and passenger capacities. Golf carts aid in saving labor, time and minimizing the workload on caddies while offering an overall enjoyable experience to the passengers. Apart from golf courses, modified versions of these carts are also used in airports, hotels, shopping malls and other private properties.
Golf Cart Industry Trends:
Rapid urbanization, along with the increasing preference for golf as a luxury sport, is one of the key factors driving the growth of the market. Furthermore, a rising number of golf courses and membership-only country clubs is also providing a boost to the market growth. These clubs use golf carts for various promotional and marketing activities through advertisement boards and banners to attract a large number of customers. The development of advanced electric and solar golf carts is acting as another growth-inducing factor. In comparison to the traditionally used gasoline-based carts, these golf carts are more environment-friendly and have minimal greenhouse gas (GHG) emissions. Apart from this, the advent of golf cart rental services is also creating a positive impact on the market growth. Rented golf carts are widely being used in symposiums, tradeshows, exhibitions and other events for cost-effective internal transportation. Other factors, including the introduction of GPS-enabled golf carts and upgraded lithium batteries, along with improving standards of living of the masses, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global golf cart market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application and seating capacity.
Breakup by Product Type:
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
Breakup by Application:
Golf Course
Personal Services
Commercial Services
Breakup by Seating Capacity:
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seats)
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Club Car (Ingersoll Rand Inc.), E-z-go (Textron), Garia Inc, JH Global Services Inc., Maini Materials Movement Pvt. Ltd, Marshell Green Power, Speedways Electric, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Tomberlin (Columbia Vehicle Group Inc.), etc.
Key Questions Answered in This Report:
How has the global golf cart market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of the COVID-19 on the global golf cart market?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the seating capacity?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global golf cart market and who are the key players?
What is the degree of competition in the industry?
Market Overview:
The global golf cart market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
A golf cart, or golf buggy, refers to a low-speed motorized vehicle that is primarily used for the transportation of golfers and equipment within the premises of a golf course. It usually runs on a gasoline engine, solar power or electric motor and is available in a wide variety of sizes and passenger capacities. Golf carts aid in saving labor, time and minimizing the workload on caddies while offering an overall enjoyable experience to the passengers. Apart from golf courses, modified versions of these carts are also used in airports, hotels, shopping malls and other private properties.
Golf Cart Industry Trends:
Rapid urbanization, along with the increasing preference for golf as a luxury sport, is one of the key factors driving the growth of the market. Furthermore, a rising number of golf courses and membership-only country clubs is also providing a boost to the market growth. These clubs use golf carts for various promotional and marketing activities through advertisement boards and banners to attract a large number of customers. The development of advanced electric and solar golf carts is acting as another growth-inducing factor. In comparison to the traditionally used gasoline-based carts, these golf carts are more environment-friendly and have minimal greenhouse gas (GHG) emissions. Apart from this, the advent of golf cart rental services is also creating a positive impact on the market growth. Rented golf carts are widely being used in symposiums, tradeshows, exhibitions and other events for cost-effective internal transportation. Other factors, including the introduction of GPS-enabled golf carts and upgraded lithium batteries, along with improving standards of living of the masses, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global golf cart market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application and seating capacity.
Breakup by Product Type:
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
Breakup by Application:
Golf Course
Personal Services
Commercial Services
Breakup by Seating Capacity:
Small (2-4 Seater)
Medium (6-8 Seater)
Large (Above 8 Seats)
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Club Car (Ingersoll Rand Inc.), E-z-go (Textron), Garia Inc, JH Global Services Inc., Maini Materials Movement Pvt. Ltd, Marshell Green Power, Speedways Electric, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Tomberlin (Columbia Vehicle Group Inc.), etc.
Key Questions Answered in This Report:
How has the global golf cart market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of the COVID-19 on the global golf cart market?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the seating capacity?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global golf cart market and who are the key players?
What is the degree of competition in the industry?
Table of Contents
144 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Golf Cart Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Product Type
- 6.1 Electric Golf Cart
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Gasoline Golf Cart
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Solar Golf Cart
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Application
- 7.1 Golf Course
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Personal Services
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Commercial Services
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Seating Capacity
- 8.1 Small (2-4 Seater)
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Medium (6-8 Seater)
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Large (Above 8 Seats)
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 11.1 Overview
- 11.2 Inbound Logistics
- 11.3 Operations
- 11.4 Outbound Logistics
- 11.5 Marketing and Sales
- 11.6 Service
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Indicators
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Club Car (Ingersoll Rand Inc.)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 E-z-go (Textron)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Garia Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 JH Global Services Inc
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Maini Materials Movement Pvt. Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Marshell Green Power
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Speedways Electric
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Tomberlin (Columbia Vehicle Group Inc.)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
Pricing
Currency Rates
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