golf cart market is projected to reach $1.79 billion by 2028

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Golf Cart Market
The golf cart market was valued at 1.34 billion
in 2020, and is projected to reach 1.79 billion
by 2028, registering a CAGR of 3.9 from 2021 to
2028  Golf cart is a type of low-speed vehicle
driven by electric motors, which is gas-powered
and is specifically envisioned for utilization in
golf courses for transportation of golfers and
equipment within the course premises. It is also
known as non-highway or off-road vehicle with the
average speed between 25 and 50 kmph. 
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Golf Cart Market
The COVID-19 outbreak severely impacted the golf
cart industry on a global level. The rapid spread
of COVID-19 in the North America, Europe, and
Asian economies resulted in nationwide lockdowns
and a temporary halt of production facilities to
prevent further spread. Furthermore, the golf
courses were being forced to remain closed due to
lockdown and social distancing measures,
resulting in a sharp drop in the number of rounds
played at the beginning of 2020 which resulted in
the declining sales of golf carts on a global
level. However, the ease of customizability and
use of golf carts as slow speed vehicle is
foreseen to reinforce the demand of golf carts
during the forecast duration.
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Golf Cart Market

• Key Benefits For Stakeholders
•  This study presents analytical depiction of the
  golf cart market analysis along with the current
  trends and future estimations to depict the
  imminent investment pockets.
• The overall market potential is determined to
  understand the profitable trends to gain a
  stronger foothold.
• The report presents information related to key
  drivers, restraints, and opportunities of the
  market with a detailed impact analysis.
• The current golf cart market size is
  quantitatively analyzed from 2020 to 2028 to
  benchmark the financial competency.
• Porters five forces analysis illustrates the
  potency of the buyers and suppliers in the golf
  cart industry.

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Golf Cart Market

• Major Companies
• Garia Inc.
• Platinum Equity Aadvisors, LLC (Club Car)
• Textron Inc. (E-Z-GO)
• Yamaha Motor Co., Ltd.
• Showa Denko (Hitachi Chemicals)
• Maini Group
• Nordic Group of Companies, Ltd.
• Suzhou Eagle Electric Vehicle Manufacturing Co.,
  Ltd 
• Xiamen Dalle New Energy automobile Co., Ltd. 
• Atul Auto Limited

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Golf Cart Market
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