There were 163 press releases posted in the last 24 hours and 194,193 in the last 365 days.
/EIN News/ -- New York, United States, June 16, 2022 (GLOBE NEWSWIRE) -- Golf carts are a sort of low-speed vehicle powered by electric motors and designed for use on golf courses to move golfers and their equipment around the system. Increased urbanization and industrialization, a shift toward mall culture, hi-tech and innovative residential and commercial housing projects, and increased use of golf cart vehicles in hotels, hospitality, tourism, and amusement parks will propel the golf cart market forward globally.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/golf-cart-market/request-sample
Increase in the Number of Golf Courses and Country Clubs to Drive the Global Golf Cart Market
The United States has the most golf courses in America, with roughly 15,332 systems, Canada with 2,363 methods, Mexico with around 200, Brazil with 75, and Argentina with 319. The golf industry employs almost 2 million people in the United States, and it provides more to charity than any other major sport. In 2018, more than a third of the population of the United States, or 36 per cent of the total population of 107 million people, played, watched or read about golf. In 2020, the National Golf Foundation (NGF) estimated 24.8 million golfers in the United States, up over 2% or 500,000 from 2019, the highest net gain in 17 years. The spike in the number of golf courses is accompanied by an increase in the number of interested people in golf.
This has a direct impact on the rise of golf cart demand. Additionally, the number of country clubs and golf courses in the United States is increasing, albeit at roughly 15%. Moreover, an increase in disposable income leads to increased leisure time and discretionary income. All of these reasons contribute to the golf cart market's expansion.
Technological Advancements in Golf Carts to Provide Opportunities for the Global Golf Cart Market
Automobile manufacturers are concentrating their efforts on developing improved golf carts that emit fewer pollutants and are reasonably inexpensive. Disabled people can now enjoy golf courses and games thanks to new solo rider technology and adaptable golf carts made for single users. Extreme golf carts and solar-powered golf carts are examples of market innovations. The Golf Board, a golf cart inspired by skateboards, is one of the most current breakthroughs in golf cart technology. Front and back gear boxes provide power to all four wheels on the Golf Board. The rider steers the vehicle while standing erect, as though on a skateboard, leaning right or left to turn. According to the manufacturers, the golfing community has highly embraced the Golf Board since it speeds up the game and has up to 75 percent less effect on the turf than regular golf carts. Such advances in golf cart technology are projected to open up several potentials for market expansion for significant competitors.
Buy Now Full Report @ https://straitsresearch.com/buy-now/golf-cart-market/global/
By region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
North America dominated the global market. It is estimated to reach an expected value of USD 645 million by 2030 at a CAGR of 3%. The United States, Canada, and Mexico make up North America. This North America golf cart vehicle market is growing due to an increase in demand for automation and technical improvements in the automobile sector.
Golf carts are a big business in North America, and there are a lot of companies that offer modern electric car solutions. In 2018, North America held a significant proportion of the global golf cart market. This was due to widespread acceptance of advanced electric vehicles and rising consumer demand for fuel-efficient and environmentally-friendly vehicles.
The market in Europe is analyzed across the UK, Germany, France, Russia, and the rest of Europe. It is estimated to reach an expected value of USD 485 million by 2030 at a CAGR of 4%. The market in Europe is analyzed across the UK, Germany, France, Russia, and the rest of Europe. Europe is predicted to witness significant growth in the golf cart market during the forecast period, owing to a rise in demand for electric vehicles and rising applications for low-speed electric vehicles across the region.
The Asia-Pacific is the fastest-growing region. It is estimated to reach an expected value of USD 525 million by 2030 at a CAGR of 6%. The Asia-Pacific market is examined across China, India, Japan, Australia, and the rest. Government regulations, rising urbanization, rising fuel prices, and a surge in the trend toward adopting non-fossil fuel-based vehicles all contribute to the growth of golf carts in developing countries like India, China, and Indonesia, creating lucrative opportunities for the market in this region. The market in Asia-Pacific is growing due to rising vehicle norms and an increase in vehicle population. Furthermore, several technological developments linked to electric vehicles are occurring due to government initiatives, further propelling market expansion.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/golf-cart-market/request-sample
Global Golf Cart Market: Segmentation
Competitive Analysis of the Global Golf Cart Market –
Why rely on the traditional approach to study the market when you have a concise report to make your work easy?
We at Straits Research produce high-quality, authenticated, and genuine market reports with in-depth analysis to study each and every aspect of the global market.
With our reports, understand the market better through the latest versions of data presentation, unlike the conventional excel sheets and data pointers.
Study the market happenings in a more dramatic and exciting way through interactive dashboards and graphical representations, which will make you understand the market easily with approximate facts and figures.
Visit Straits Research to get a FREE Sample Report and know-how we interactively present the data, unlike the traditional sheets with immense data that makes it havoc of a task to understand.
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Executive Summary
4 Market Overview
4.1 Report Segmentation & Scope
4.2 Value Chain Analysis: Golf Cart Market
4.3 Key Market Trends
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.4 Threat of New Entrants
4.5 Environment & Regulatory Landscape
4.6 Forecast Factors & Relevance of Impact
4.7 Macro-Economic & Geopolitical Scenario
4.8 Parent Market Overview
4.9 Technology Landscape
4.10 Market Share Analysis
4.11 Potential Venture Analysis
4.12 Regional Price Trends
4.13 Raw Material Trends
4.14 Cost Structure Analysis
4.14.1 Labor Cost
4.14.2 Consumables
4.14.3 Maintenance Cost
4.15 Covid-19 Impact Analysis:
4.15.1 Pre and Post Covid-19 Market Scenario Analysis
4.15.2 Market Recovery Timeline and Challenge
4.15.3 Measures Taken by Top Players
4.15.4 Quarterly Market Revenue and Growth Forecast till 2021
4.15.4.1 North America
4.15.4.2 Europe
4.15.4.3 Asia-Pacific
4.15.4.4 Central and South America and the Caribbean
4.15.4.5 The Middle East and Africa
5 Product Type Overview
5.1 Introduction
5.1.1 Market Size & Forecast (Value & Volume)
5.2 Electric Golf Cart
5.2.1 Market Size & Forecast (Value & Volume)
5.3 Solar Golf Cart
5.3.1 Market Size & Forecast (Value & Volume)
5.4 Gasoline Golf Cart
5.4.1 Market Size & Forecast (Value & Volume)
6 Application Overview
6.1 Introduction
6.1.1 Market Size & Forecast (Value & Volume)
6.2 Golf Course
6.2.1 Market Size & Forecast (Value & Volume)
6.3 Personal Services
6.3.1 Market Size & Forecast (Value & Volume)
6.4 Commercial Services
6.4.1 Market Size & Forecast (Value & Volume)
7 Regional Overview
7.1 Introduction
7.1.1 Market Size & Forecast (Value & Volume)
7.2 North America
7.3 Central and South America and the Caribbean
7.3.6 Rest of Central and South America and the Caribbean
7.4 Europe
7.4.7 The Rest Of Europe
7.5 Asia-Pacific (APAC)
7.6 Middle East
7.6.8 The Rest Of Middle East
7.7 Africa
7.7.5 The Rest Of Africa
8 Competitive Landscape — Manufacturers & Suppliers
8.1 Competition Dashboard
8.2 Industry Structure
8.3 Garia Inc
8.4 Platinum Equity Aadvisors LLC (Club Car)
8.5 Textron Inc. (E Z GO)
8.6 Yamaha Motor Co Ltd
8.7 Showa Denko (Hitachi Chemicals)
8.8 Maini Group
8.9 Nordic Group of Companies, Ltd
8.10 Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
8.11 Xiamen Dalle New Energy Automobile Co., Ltd
9 Conclusion & Recommendation
10 Acronyms & Abbreviations
Read the full Report Description with Table of Content and Figure @ https://straitsresearch.com/report/golf-cart-market/toc
Have a Look at the Related Research Report
Golf Simulators Market: Information by Offering (System, Software), Installation Type (Indoor), Product Type, (Portable), End-Use/Application, and Region — Forecast till 2029
Beach Hotels Market: Information by Type (Premium, Standard, Budget), Service Type (Accommodation, Food & Beverage), Occupant (Solo, Group), and Regional Outlook - Forecast Till 2026
Automotive Part Die Casting Market: Information by Type (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, Semi-Solid Die Casting), Application, and Region — Forecast till 2026
Automated Test Equipment Market: Information by Type (Logic Testing, Printed Circuit Board (PCB) Testing), Vertical (Automotive, Aerospace and Defence), and Region — Forecast till 2030
Coated Glass Market: Information by Coating Type (Hard or Pyrolytic Coating and Soft or Sputtered Coating), Application (Automotive, Architecture, Optical), and Region — Forecast till 2030
About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
For more information on your target market, please contact us below:
Phone: +1 646 480 7505 (the U.S.)
Email: sales@straitsresearch.com
Follow Us: LinkedIn | Facebook | Instagram | Twitter
EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines for more information.
© 1995-2022 Newsmatics Inc. dba EIN Presswire All Right Reserved.