How much revenue did golf cart market generate from golf courses in 2022?

Posted March 25, 2022 by Amruta75

Envision the restrictions and restraints that are likely to hamper the market.

On the basis of geography, the global golf cart market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all of these regions, North America accounted around 53% market share in the global golf cart market in 2018 and is expected to grow at a CAGR of XX% over the forecast period from 2019 to 2027. The high popularity of golf sport in this region has resulted large number of golf courses in the region. According to CMI analysis, as of 2018, the U.S. has more than 15,000 golf courses and is increasing at a significant rate which is fueling the demand of golf cart in the North America market. Moreover, the inception of solar powered golf cart and development in the field of autonomous golf cart are the major contributing factors in the growth of golf cart market in the region.
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Golf cart are mostly used in manufacturing and warehouse industries, due to the need to move heavy products in easier way to several locations in a very short time, in order to increase the production process. Increasing application and rising demand for Golf cart from end-use industries are some of the major factors driving growth of the Golf cart market, which in turn is expected to create growth opportunities for manufacturers operating in this market. As a result of rising demand for Golf cart, manufacturers are focusing on various strategies such as partnerships and acquisitions in order to expand their customer base in the market and strengthen their foothold in the global Golf cart market.
Competitive Scenario:-
Major players operating in the global golf cart market 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.
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Learn about the driving factors, affecting the market growth.
Understand where the market opportunities lie.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restraints that are likely to hamper the market.
In-depth market segmentation by Type, Application, etc.
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising
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
Table of Contents:-
· Chapter 1. Methodology & Sources
· Chapter 2. Executive Summary
· Chapter 3. Key Insights
· Chapter 4. Golf cart Market Segmentation & Impact Analysis
· Chapter 5. Golf cart Market by Components Insights & Trends, Revenue (USD Million
· Chapter 6. Golf cart Market by Application Insights & Trends, Revenue (USD Million)
· Chapter 7. Golf cart Market by End-Use Insights & Trends, Revenue (USD Million)
· Chapter 8. Golf cart Market Regional Outlook
· Chapter 9. Competitive Landscape
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COVID-19 scenario:-
The COVID-19 pandemic impacted the production of Golf cart in the first and second quarters of 2020–21.The adoption of new technology in the automotive, food & beverage, and electronics sectors added to the demand for Golf cart in the third and fourth quarters of 2020. The COVID-19 pandemic impacted many sectors such as transportation and supply chains on a global level. This caused a decline in the manufacturing of robots as well as their demand in the market. The re-initiation of Golf cart manufacturing businesses is expected in the near future, which will boost the Golf cart market.
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Last Updated March 25, 2022