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Global Golf Cart Market 2018-2022

Global Golf Cart Market 2018-2022

About Golf Carts

A golf cart is a small mechanized vehicle powered either by gasoline engine or an electrically powered motor. Typically, golf carts carry players and their equipment on the golf course.

Technavio’s analysts forecast the Global Golf Cart Market to grow at a CAGR of 5.73% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the golf cart market. To calculate the market size, the report considers the revenue generated from the sale of golf carts across the globe.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, golf cart market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendor
    s
  • INGERSOLL-RAN
  • Textron
  • Xiamen Dalle Electric Car
  • citEcar Electric Vehicles
  • Yamaha Corporation
Market driver
  • Upcoming new golf courses
  • For a full, detailed list, view our report
Market challenge
  • High maintenance cost
  • For a full, detailed list, view our report
Market trend
  • Introduction of solar-powered golf carts
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


PRESS RELEASE

Technavio Announces the Publication of its Research Report - Global Golf Cart Market 2018-2022

Technavio recognizes the following companies as the key players in the global golf cart market: INGERSOLL-RAN, Textron, Xiamen Dalle Electric Car, citEcar Electric Vehicles, and Yamaha Corporation.

Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the introduction of solar-powered golf carts. Solar powered golf carts are expected to receive overwhelming acceptance in the global golf cart market during the forecast period.”

According to the report, one driver influencing this market is the upcoming new golf courses. The global golf cart market is likely to witness rapid growth owing to substantial increase in the number of golf courses. Golf carts are convenient modes for short-distance commutation, and with more than 200 golf courses being constructed around the world, the global golf cart market will witness a robust growth in the coming few years.

Further, the report states that one challenge affecting this market is the high maintenance cost. Golf carts involve high costs of maintenance as they require timely services and annual inspections which is a major challenge for the growth of the global golf carts market.

Companies Mentioned

INGERSOLL-RAN

Textron

Xiamen Dalle Electric Car

citEcar Electric Vehicles

Yamaha Corporation

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global – Market size and forecast 2017-2022 ($ mn)
      • Table Global – Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application – Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Commercial use – Market size and forecast 2017- 2022
      • Table Commercial use – Market size and forecast 2017-2022 ($ mn)
      • Table Commercial use – Year-over-year growth 2018-2022 (%)
    • Personal use– Market size and forecast 2017- 2022
      • Table Personal use – Market size and forecast 2017-2022 ($ mn)
      • Table Personal use – Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by product
    • Segmentation by product
      • Table Product – Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Electric-powered golf carts – Market size and forecast 2017-2022
      • Table Electric-powered golf carts – Market size and forecast 2017-2022 ($ mn)
      • Table Electric-powered golf carts – Year-over-year growth 2018-2022 (%)
    • Gasoline-powered golf carts – Market size and forecast 2017-2022
      • Table Gasoline-powered golf carts – Market size and forecast 2017-2022 ($ mn)
      • Table Gasoline-powered golf carts – Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global – Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas – Market size and forecast 2017-2022
      • Table Americas – Market size and forecast 2017-2022 ($ mn)
      • Table Americas – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • APAC – Market size and forecast 2017-2022
      • Table APAC – Market size and forecast 2017-2022 ($ mn)
      • Table APAC – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • EMEA – Market size and forecast 2017-2022
      • Table EMEA – Market size and forecast 2017-2022 ($ mn)
      • Table EMEA – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Annual maintenance requirement for different types of golf carts
  • Market trends
    • Introduction of solar-powered golf carts
    • Technologically advanced golf carts
    • Advent of lithium-powered golf carts
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • INGERSOLL-RAND
      • Table Vendor overview
      • Table INGERSOLL-RAND – Business segments
      • Table INGERSOLL-RAND – Organizational developments
      • Table INGERSOLL-RAND – Geographic focus
      • Table INGERSOLL-RAND – Segment focus
      • Table INGERSOLL-RAND – Key offerings
    • Textron
      • Table Vendor overview
      • Table Textron – Business segments
      • Table Textron – Organizational developments
      • Table Textron – Geographic focus
      • Table Textron – Segment focus
      • Table Textron – Key offerings
    • Xiamen Dalle Electric Car
      • Table Vendor overview
      • Table Xiamen Dalle Electric Car – Business segments
      • Table Xiamen Dalle Electric Car – Key offerings
    • citEcar Electric Vehicles
      • Table Vendor overview
      • Table citEcar Electric Vehicles – Business segments
      • Table citEcar Electric Vehicles – Key offerings
    • Yamaha Corporation
      • Table Vendor overview
      • Table Yamaha Corporation – Business segments
      • Table Yamaha Corporation – Organizational developments
      • Table Yamaha Corporation – Geographic focus
      • Table Yamaha Corporation – Segment focus
      • Table Yamaha Corporation – Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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