Golf Cart Market Key Highlights:
- Market Size (2024): USD 2,219 Million
- Projected Market Size (2034): USD 3,580 Million
- CAGR (2024-2034): 4.9%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Golf Cart Market Definition
The golf cart market refers to manufacturing small motorized vehicles, i.e. golf carts for golfers and their equipment. The rising demand for golf and the increasing number of golf courses augment the market growth. There are almost 40,000 golf courses globally with the US having the highest number of golf courses. Apart from golf courses, golf carts are also predominantly used in resorts, college campuses, residential and commercial areas, airports, etc. The rapidly evolving travel and tourism sector also plays a crucial role in uplifting the market growth. Additionally, the emergence of electric golf carts offering low cost and maintenance boosts the market.
• In August 2024, Sentosa Golf Club announced a partnership with E-Z-GO to strengthen its position as a global leader in sustainable golf and integrate 220 E-Z-GO’s zero-emission golf carts.
The high cost of golf carts can limit the affordability of many golf courses and clubs in LMICs, thereby restricting market growth. Implementing advanced technologies such as GPS navigation systems, contact-display screens, and smartphone connectivity is expected to create ample growth opportunities for the market players in the upcoming years. Hence, the future of golf carts is brimming with reliability, innovation, and support.
Golf Cart Market Segmentation:
By Product Type
By Type
- Golf Cart
- Neighborhood Electric Vehicle
By Seating Capacity
- Seater
- Seater
- Seater
- Seater
By Sales Channel
Golf Cart Market Companies:
- Club Car, LLC
- Yamaha Golf-Car Company.
- E-Z-GO
- EverGreen Electrical Vehicles
- Columbia ParCar Corp
- Hitachi Chemical Co., Ltd.
- Xiamen Dalle Electric Car Co., Ltd. Company
- Maini Material Movement Pvt. Ltd
- Garia Luxury Golf Car
- Cruise Car, Inc.
- Toyota Motor Corporation
- Polaris Inc.
- Solorider
- GDRIVE Golf Cart
- Carrieall Car Pvt Ltd
- Volmac Engineering Pvt Ltd
- Continental AG
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