Golf Cart Market Insights Report by 2025 - Trends & Future Growth Factors

1
Global Golf Cart Market To Register Significant
Gains Over 2019-2025 Global Market Insights Inc.
2
Industry Overview

• Golf cart market from Electric and solar powered
  segment will witness strong growth with zero
  emission, low operation cost and negligible
  noise. Ongoing initiatives to support adaption of
  electric vehicles will drive the vehicle demand.
  The vehicle manufacturers are reducing battery
  cost to ensure low cost of ownership.
• Growing demand for low maintenance and economic
  vehicles for short distances will induce
  significant growth potential in the golf cart
  market. The carts have smaller engines and motors
  that significantly reduces the energy and fuel
  requirement. The vehicles require smaller turning
  radius enabling easy parking and superior
  maneuverability.
• According to the National Golf Foundation, in the
  U.S., there are around 6.1 million on-course
  participants and 4.1 million off-course only
  participants among the young adults in the age
  group of 18-34 years. The number of golfers aging
  65 or more have increased almost by 17 to 4.2
  million in 2018. Golf has become more accessible
  than ever in the U.S., with 75 of facilities
  open to the public including 2,515 municipal,
  8,390 daily fee and 3,708 private golf
  facilities. Rising number of people engaged in
  this game is positively impacting the revenue
  share of the U.S. golf cart market.

3
Continue

• Emerging requirement of electric vehicles to
  control emissions and adhere to government norms
  is also impelling innovations in the golf cart
  market. Recently, a news snippet about a group of
  computer engineering students at Cedarville
  University made it to the front page. The group
  was working on the advancements of the autonomous
  golf car to launch a cost-effective autonomous
  golf cart. The project will cost around and
  1,500 for software and hardware and
  approximately 2,000 to purchase an old golf cart
  to make the robotic car. This proves that golf
  cart market will be driven by such innovations in
  the coming years.
• Another innovative product was introduced by one
  of the golf car manufacturers Garia at the 88th
  International Geneva Motor Show 2018 where it
  depicted the world premiere of Golf Car inspired
  by Mercedes-Benz Style. This hi-tech golf car is
  equipped with Bluetooth, speakers and other
  facilities, making it fully digitized. This
  leading technology and pure luxury golf cart has
  standardized the golf mobility at next level and
  will help upsurge golf cart market growth.

4

Browse Full Market Research Report Of Lithopone
Market _at_ https//www.gminsights.com/industry-analy
sis/golf-cart-market Request for a Sample of
this Research report _at_ https//www.gminsights.com/
request-sample/detail/3285
5
U.S. Golf Cart Market, By Application, 2018
2025, (USD Million)

6
Continue

• Development of golf carts equipped with digital
  facilities by golf cart manufacturers to fulfil
  the modern demands of the customers is now
  increasingly on the rise. The population
  worldwide is also spending considerable capital
  on vacations to luxury resorts to take a break
  from hectic work schedules, further spurring
  product demand. Government mandates to reduce
  carbon footprints and conserve the environment
  will also help augment golf cart industry share
  in the ensuing years.
• North America led by the U.S. dominates the
  industry size with vast presence of supporting
  facilities. Over 50 of the courses are in the
  region. Further, over 25 of the
  under-development courses are in the U.S.
• Major golf cart market participants include
  Textron, Ingersoll, Yamaha, Hitachi, Garia,
  Columbia Vehicle, Gdrive, Speedways Electric,
  Marshall Green, Dongguan Excellence Golf
  Sightseeing Car, Tianjin Zhongyi Electric
  Vehicle, and Autopower.

7
Stay In Touch Website www.gminsights.com Soci
al Media