Global Golf Cart Market Growth by 2030 | Inkwood Research

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Increasing Golf Courses to Accelerate Global Golf
Cart Market Growth with 5.78 CAGR
As per Inkwood Research, the Global Golf Cart
Market is predicted to register a CAGR of 5.78
in terms of revenue during the forecasting years
of 2022-2030. Browse 42 market Data Tables and
41 Figures spread over 159 Pages, along with an
in-depth TOC on the Global Golf Cart Market
Forecast 2022-2030. VIEW TABLE OF CONTENT LINK
- https//inkwoodresearch.com/reports/golf-cart-ma
rket/table-of- contents Golf carts entail
low-speed vehicles (LSVs) that use an internal
combustion engine (ICE) or an electric motor. The
carts are utilized to move golfers, in addition
to their gear around a golf course. The top speed
of a golf cart is typically lower than 45
kilometers per hour.
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.com/reports/golf-cart-market/request-
free-sample Increasing Number of Golf Courses to
Augment Global Market Growth Since golf courses
are anticipated to grow in size and require
regular maintenance, the demand for golf carts
has increased over recent years. Consequently,
owing to the expanding number of golf courses,
there is a higher need for ensuring mobility due
to the broader area. This factor plays an
essential role in supplementing the total golf
cart sales.
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As per the National Golf Foundation, the United
States had 24.8 million golfers in 2020,
indicating an increase of 500,000 compared to
2019. The increase in the number of players
further results in the rising demand for golf
carts. Moreover, in the Asia-Pacific, countries
such as India, Vietnam, China, and Thailand are
witnessing a surge in golf courses, primarily
because of the increasing popularity of the sport
and the growth in golf tourism. As a result, the
increasing number of golf courses is expected to
propel the golf cart market during the forecast
period. One-to-Four-Seater to be the Leading
Dominating Seating Capacity One-seater golf carts
are gaining traction as they are affordable as
well as environmentally beneficial to acquire and
operate. These carts observe significant demand
among seasoned golfers, as well. One-seater golf
carts also entail numerous advantages, including
the fact that they operate like regular golf
carts while being relatively simpler to use.
Powered by a single 24V lithium battery, these
golf carts also feature space for golf bag
carriers, thus eliminating the need for buggies
drivers to hoist two battery sets weighing 25
kilograms each. On the other hand, two-seater
golf carts or buggies are used on golf courses
since they can transport two passengers while
also offering storage space for golf equipment.
Some of the major vendors manufacturing
two-seater golf carts include E-Z-Go, Yamaha,
Club Car, and others. Asia-Pacific to Lead the
Global Market by End of Forecast Period The
Asia-Pacific is anticipated to progress with the
highest CAGR over the estimated period. The
regional markets growth is primarily credited to
fiscal as well as monetary policies and the
growing demand from premium buyers. The global
golf cart market observes heightened rivalry
between players to acquire newer geographical
spaces, such as the Asia-Pacific. As a result,
the threat of rivalry within the global market is
intense. The top players in the market are HDK
Electric Vehicle, Garia, Club Car, etc. Request
for Customization https//inkwoodresearch.com/req
uest-for-custom-report/ About Inkwood
Research Inkwood Research specializes in
syndicated customized research reports and
consulting services. Market intelligence studies
with relevant fact-based research are customized
across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that
acknowledges the business environments. Our
geographical analysis comprises North South
America, CEE, CIS, Middle East, Europe, Asia, and
Africa. Contact Us https//www.inkwoodresearch.co
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