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| Report Code: A05013 | Jul 2019 | Pages: 213 | ||
| Tables: 92 | Charts: 72 |
| |
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Request Now !The America golf cart market size was valued at $1,191.2 million in 2018, and is projected to reach at $1,627.6 million by 2026, growing at a CAGR of 3.9% from 2019 to 2026.
Golf cart is a type of low speed vehicle driven by electric motors, which is gas-powered or is specifically envisioned for utilization in golf courses for transportation of golfers and the equipment within the course premises. It is also known as non-highway or off-road vehicle with an average speed between 25 and 50 kmph.
The major companies profiled in the America golf cart market share Club Car (Ingersoll-Rand plc.), Garia, Hitachi Chemical Co., Ltd., Star EV (JH Global Services, Inc.), Columbia Vehicle Group Inc., Evolution Electric Vehicle (HDK electric vehicles), GEM (Polaris Industries Inc.), EZ- GO (Textron Inc.), ICON Electric Vehicles, Yamaha Golf-Car Company, Smart Cart Electric Vehicles, and Bintelli Electric Vehicles.
The America golf cart industry is segmented based on passenger capacity, type, fuel type, application, capacity, and region. Passenger capacity segment includes two passengers, four passengers, six passengers, and eight and more passengers. Based on type, it is bifurcated into open and enclosed. Based on fuel type, the America golf cart market is segmented into gasoline and electric. Based on application, it is categorized into golf course, personal service, and commercial services. Moreover, the commercial services segment is further segmented in to applications such as resorts, rental shuttle or taxi, universities, airports, hospitals, entertainment amusement parks, convention centers, sports stadiums, and zoos. Based on region, the America golf cart market share is analyzed across America.
TOP IMPACTING FACTORS
The significant impacting factors in the growth of the America golf cart market include increase in population coupled with rise in purchasing power, stringent government rules and regulations toward vehicle emission, and surge in the number of golf courses and country clubs. In addition, the America golf cart market analysis is influenced by high initial maintenance and purchasing cost, low power and speed, low overall drive range, technological advancement for golf carts, and reduction in cost of fuel cells and batteries. Each of these factors is anticipated to have a definite impact on the America golf cart market during the forecast period.
Growth in population coupled with rise in purchasing power
There has been an increase in the global population; and today, the global population in 2018 has crossed 7.6 billion. Every year, the world population grows approximately by 43 million. This boom in population has created many opportunities for many businesses and this is also true for the America golf cart market. This is owing to the demand for compact and maneuverable vehicles that occupy small parking space. Globalization on the other hand helps organizations develop international influence and this influence has helped change the outlook of different countries and region. Globalization has helped people to vouch for a different and better lifestyle; it has encouraged the people to spend more and get the best service possible. This drives the growth of the America golf cart market.
Stringent government rules and regulations towards vehicle emission
The government all around the world has become very strict regarding the problem of vehicle emission due to its impact on the environment. The U.S., Germany, France, and China have implemented government laws and regulations for vehicular emission and has made it mandatory for the automobile manufacturers to use advanced technologies to combat high emission levels in vehicles. The Program launched by California Air Resources Board (CARB), also includes guidelines for manufacturers to produce and deliver zero-emission vehicles (ZEVs). The ZEV mandate substantially boosts the adoption of electric vehicles. The golf carts are available in two variants, one being gasoline powered and other that runs on electricity. Thus, stringent government rules and regulations towards vehicle emission are driving the growth of the America golf cart market.
Increase in the number of golf courses and country clubs
In America, the U.S. has the maximum number of golf courses which counts around 15,332 followed by other countries such as Canada with 2,363 golf courses, Mexico with around 200, Brazil with 75, and Argentina with 319. The golf industry across the U.S. includes nearly 2 million jobs and the golf game also contributes more to charity than any other major sports industry. More than one-third that is 36% of the U.S. population, is over 107 million people in total who have either played, watched, or read about golf last year in 2018.Â
A record-tying 2.6 million golfers played for the first time in 2018, matching the all-time high set in 2017, which was the fourth consecutive year that number increased. Increase in the number of golf courses is supported by the rise in number of people, who are have inclined interest toward the golf sport. This directly boosts the growth in demand for golf carts. In addition, there is an increase, though at a slower rate of around 15, in the number of country clubs and golf courses in the U.S. Further, increase in disposable income leads to the rise in expenditure of recreational time and discretionary income of the population. All these factors collectively contribute to the America golf cart market growth.
America Golf Cart Market Report Highlights
| Aspects | Details |
|---|---|
| By Passenger Capacity |
|
| By Capacity |
|
| By Fuel Type |
|
| By Application |
|
| By Region |
|
| Key Market Players | YAMAHA GOLF-CAR COMPANY, STAR EV (JH GLOBAL SERVICES, INC.), HITACHI CHEMICAL CO., LTD., SMART CART ELECTRIC VEHICLES, GEM (POLARIS INDUSTRIES INC.), ICON ELECTRIC VEHICLES, CLUB CAR (INGERSOLL-RAND PLC,), EZ- GO(TEXTRON INC.), BINTELLI ELECTRIC VEHICLES, EVOLUTION ELECTRIC VEHICLE ( HDK ELECTRIC VEHICLES), GARIA |
CHAPTER 1:Â Â Â INTRODUCTION
1.1.   REPORT DESCRIPTION
1.2.   KEY BENEFITS FOR STAKEHOLDERS
1.3.   KEY MARKET SEGMENTS
1.4.   RESEARCH METHODOLOGY
1.4.1.   Primary research
1.4.2.   Secondary research
1.4.3.   Analyst tools and models
CHAPTER 2:Â Â Â EXECUTIVE SUMMARY
2.1.   CXO PERSPECTIVE
CHAPTER 3:Â Â Â MARKET OVERVIEW
3.1.   MARKET DEFINITION AND SCOPE
3.2.   KEY FINDINGS
3.2.1.   Top impacting factors
3.2.2.   Top investment pockets
3.2.3.   Top winning strategies
3.3.   PORTER’S FIVE FORCES ANALYSIS
3.4.   MARKET SHARE ANALYSIS (2018)
3.5.   MARKET DYNAMICS
3.5.1.   Drivers
3.5.1.1.   Growth in population coupled with rise in purchasing power
3.5.1.2.   Stringent government rules and regulations towards vehicle emission
3.5.1.3.   Increase in the number of golf courses and country clubs
3.5.2.   Restraints
3.5.2.1.   High initial maintenance and purchasing cost
3.5.2.2.   Low power and speed
3.5.2.3.   Low overall drive range
3.5.3.   Opportunities
3.5.3.1.   Technological advancement for golf carts
3.5.3.2.   Reduction in cost of fuel cells and batteries
CHAPTER 4:Â Â Â AMERICA GOLF CART MARKET, BY PASSENGER CAPACITY
4.1.   OVERVIEW
4.2.   TWO PASSENGERS
4.2.1.   Key market trends, growth factors and opportunities
4.2.2.   Market size and forecast, by country
4.2.3.   Market analysis by country
4.3.   FOUR PASSENGERS
4.3.1.   Key market trends, growth factors, and opportunities
4.3.2.   Market size and forecast, by country
4.3.3.   Market analysis by country
4.4.   SIX PASSENGERS
4.4.1.   Key market trends, growth factors, and opportunities
4.4.2.   Market size and forecast, by country
4.4.3.   Market analysis by country
4.5.   EIGHT AND MORE PASSENGERS
4.5.1.   Key market trends, growth factors, and opportunities
4.5.2.   Market size and forecast, by country
4.5.3.   Market analysis by country
CHAPTER 5:Â Â Â AMERICA GOLF CART MARKET, BY TYPE
5.1.   OVERVIEW
5.2.   OPEN
5.2.1.   Key market trends, growth factors and opportunities
5.2.2.   Market size and forecast, by country
5.2.3.   Market analysis by country
5.3.   ENCLOSED
5.3.1.   Key market trends, growth factors, and opportunities
5.3.2.   Market size and forecast, by country
5.3.3.   Market analysis by country
CHAPTER 6:Â Â Â AMERICA GOLF CART MARKET, BY CAPACITY
6.1.   OVERVIEW
6.2.   LOW SPEED VEHICLE (LSV), (LESS THAN 25 MPH)
6.2.1.   Key market trends, growth factors and opportunities
6.2.2.   Market size and forecast, by country
6.2.3.   Market analysis by country
6.3.   NON-LSV (MORE THAN 25 MPH)
6.3.1.   Key market trends, growth factors, and opportunities
6.3.2.   Market size and forecast, by country
6.3.3.   Market analysis by country
CHAPTER 7:Â Â Â AMERICA GOLF CART MARKET, BY FUEL TYPE
7.1.   OVERVIEW
7.2.   GASOLINE
7.2.1.   Key market trends, growth factors and opportunities
7.2.2.   Market size and forecast, by country
7.2.3.   Market analysis by country
7.3.   ELECTRIC
7.3.1.   Key market trends, growth factors, and opportunities
7.3.2.   Market size and forecast, by country
7.3.3.   Market analysis by country
CHAPTER 8:Â Â Â AMERICA GOLF CART MARKET, BY APPLICATION
8.1.   OVERVIEW
8.2.   GOLF COURSE
8.2.1.   Key market trends, growth factors and opportunities
8.2.2.   Market size and forecast, by country
8.2.3.   Market analysis by country
8.3.   PERSONAL SERVICE
8.3.1.   Key market trends, growth factors, and opportunities
8.3.2.   Market size and forecast, by country
8.3.3.   Market analysis by country
8.4.   COMMERCIAL SERVICES
8.4.1.   Key market trends, growth factors, and opportunities
8.4.2.   Market size and forecast, by country
8.4.3.   Market size and forecast, by 2 passenger vehicle ($ Million & Units)
8.4.4.   Market size and forecast, by 4 passenger vehicle ($ Million & Units)
8.4.5.   Market size and forecast, by 6 passenger vehicle ($ Million & Units)
8.4.6.   Market size and forecast, by eight and more passengers vehicle ($ Million & Units)
8.4.7.   Resorts
8.4.8.   Rental shuttle or taxi
8.4.9.   Universities
8.4.10.   Airports
8.4.11.   Hospitals
8.4.12.   Entertainment amusement parks
8.4.13.   Convention centers
8.4.14.   Sports Stadiums
8.4.15.   Zoo
8.4.16.   Market analysis by country
CHAPTER 9:Â Â Â AMERICA GOLF CART MARKET, BY COUNTRY
9.1.   OVERVIEW
9.1.1.   U.S.
9.1.1.1.   Market size and forecast, by Passenger Capacity
9.1.1.2.   Market size and forecast, by Type
9.1.1.3.   Market size and forecast, by Capacity
9.1.1.4.   Market size and forecast, by Fuel Type
9.1.1.5.   Market size and forecast, by Application
9.1.2.   Canada
9.1.2.1.   Market size and forecast, by Passenger Capacity
9.1.2.2.   Market size and forecast, by Type
9.1.2.3.   Market size and forecast, by Capacity
9.1.2.4.   Market size and forecast, by Fuel Type
9.1.2.5.   Market size and forecast, by Application
9.1.3.   Mexico
9.1.3.1.   Market size and forecast, by Passenger Capacity
9.1.3.2.   Market size and forecast, by Type
9.1.3.3.   Market size and forecast, by Capacity
9.1.3.4.   Market size and forecast, by Fuel Type
9.1.3.5.   Market size and forecast, by Application
9.1.4.   Brazil
9.1.4.1.   Market size and forecast, by Passenger Capacity
9.1.4.2.   Market size and forecast, by Type
9.1.4.3.   Market size and forecast, by Capacity
9.1.4.4.   Market size and forecast, by Fuel Type
9.1.4.5.   Market size and forecast, by Application
9.1.5.   Argentina
9.1.5.1.   Market size and forecast, by Passenger Capacity
9.1.5.2.   Market size and forecast, by Type
9.1.5.3.   Market size and forecast, by Capacity
9.1.5.4.   Market size and forecast, by Fuel Type
9.1.5.5.   Market size and forecast, by Application
9.1.6.   Rest of America
9.1.6.1.   Market size and forecast, by Passenger Capacity
9.1.6.2.   Market size and forecast, by Type
9.1.6.3.   Market size and forecast, by Capacity
9.1.6.4.   Market size and forecast, by Fuel Type
9.1.6.5.   Market size and forecast, by Application
CHAPTER 10:Â Â Â COMPANY PROFILES
10.1.   CLUB CAR (INGERSOLL-RAND PLC,)
10.1.1.   Company overview
10.1.2.   Company snapshot
10.1.3.   Operating business segments
10.1.4.   Product portfolio
10.1.5.   Business performance
10.1.6.   Key strategic moves and developments
10.2.   GARIA
10.2.1.   Company overview
10.2.2.   Company snapshot
10.2.3.   Product portfolio
10.2.4.   Key strategic moves and developments
10.3.   HITACHI CHEMICAL CO., LTD.
10.3.1.   Company overview
10.3.2.   Company snapshot
10.3.3.   Operating business segments
10.3.4.   Product portfolio
10.3.5.   Business performance
10.4.   STAR EV (JH GLOBAL SERVICES, INC.)
10.4.1.   Company overview
10.4.2.   Product portfolio
10.5.   COLUMBIA VEHICLE GROUP INC.
10.5.1.   Company overview
10.5.2.   Company snapshot
10.5.3.   Operating business segments
10.5.4.   Product portfolio
10.6.   EVOLUTION ELECTRIC VEHICLE ( HDK ELECTRIC VEHICLES)
10.6.1.   Company overview
10.6.2.   Operating business segments
10.6.3.   Product portfolio
10.7.   GEM (POLARIS INDUSTRIES INC.)
10.7.1.   Company overview
10.7.2.   Company snapshot
10.7.3.   Operating business segments
10.7.4.   Product portfolio
10.7.5.   Business performance
10.7.6.   Key strategic moves and developments
10.8.   EZ- GO(TEXTRON INC.)
10.8.1.   Company overview
10.8.2.   Company snapshot
10.8.3.   Operating business segments
10.8.4.   Product portfolio
10.8.5.   Business performance
10.8.6.   Key strategic moves and developments
10.9.   ICON ELECTRIC VEHICLES
10.9.1.   Company overview
10.9.2.   Company snapshot
10.9.3.   Product portfolio
10.10.   YAMAHA GOLF-CAR COMPANY
10.10.1.   Company overview
10.10.2.   Company snapshot
10.10.3.   Operating business segments
10.10.4.   Product portfolio
10.10.5.   Business performance
10.10.6.   Key strategic moves and developments
10.11.   SMART CART ELECTRIC VEHICLES
10.11.1.   Company overview
10.11.2.   Company snapshot
10.11.3.   Operating business segments
10.11.4.   Product portfolio
10.12.   BINTELLI ELECTRIC VEHICLES
10.12.1.   Company overview
10.12.2.   Company snapshot
10.12.3.   Operating business segments
10.12.4.   Product portfolio
LIST OF TABLES
TABLE 01.   AMERICA GOLF CART MARKET, BY PASSENGER CAPACITY, 2018-2026($MILLION)
TABLE 02.   AMERICA GOLF CART MARKET REVENUE FOR TWO PASSENGERS, BY COUNTRY 2018-2026 ($MILLION)
TABLE 03.   AMERICA GOLF CART MARKET REVENUE FOR FOUR PASSENGERS, BY COUNTRY 2018-2026 ($MILLION)
TABLE 04.   AMERICA GOLF CART MARKET REVENUE FOR SIX PASSENGERS, BY COUNTRY 2018–2026 ($MILLION)
TABLE 05.   AMERICA GOLF CART MARKET REVENUE FOR EIGHT AND MORE PASSENGERS, BY COUNTRY 2018–2026 ($MILLION)
TABLE 06.   AMERICA GOLF CART MARKET, BY TYPE, 2018-2026($MILLION)
TABLE 07.   AMERICA GOLF CART MARKET REVENUE FOR OPEN GOLF CART, BY COUNTRY 2018-2026 ($MILLION)
TABLE 08.   AMERICA GOLF CART MARKET REVENUE FOR ENCLOSED, BY COUNTRY 2018-2026 ($MILLION)
TABLE 09.   AMERICA GOLF CART MARKET, BY CAPACITY, 2018-2026($MILLION)
TABLE 10.   AMERICA GOLF CART MARKET REVENUE FOR LSV, BY COUNTRY 2018-2026 ($MILLION)
TABLE 11.   AMERICA GOLF CART MARKET REVENUE FOR NON-LSV, BY COUNTRY 2018-2026 ($MILLION)
TABLE 12.   AMERICA GOLF CART MARKET, BY FUEL TYPE, 2018-2026($MILLION)
TABLE 13.   AMERICA GOLF CART MARKET REVENUE FOR GASOLINE, BY COUNTRY 2018-2026 ($MILLION)
TABLE 14.   AMERICA GOLF CART MARKET REVENUE FOR ELECTRIC, BY COUNTRY 2018-2026 ($MILLION)
TABLE 15.   AMERICA GOLF CART MARKET, BY APPLICATION, 2018-2026($MILLION)
TABLE 16.   AMERICA GOLF CART MARKET REVENUE FOR GOLF COURSE, BY COUNTRY 2018-2026 ($MILLION)
TABLE 17.   AMERICA GOLF CART MARKET REVENUE FOR PERSONAL SERVICE, BY COUNTRY 2018-2026 ($MILLION)
TABLE 18.   AMERICA GOLF CART MARKET REVENUE FOR COMMERCIAL SERVICES, BY COUNTRY 2018-2026 ($MILLION)
TABLE 19.   AMERICA GOLF CART MARKET REVENUE FOR COMMERCIAL SERVICES, BY 2 PASSENGER VEHICLE 2018-2026 ($MILLION)
TABLE 20.   AMERICA GOLF CART MARKET REVENUE FOR COMMERCIAL SERVICES, BY 2 PASSENGER VEHICLE 2018-2026 (UNITS)
TABLE 21.   AMERICA GOLF CART MARKET REVENUE FOR COMMERCIAL SERVICES, BY 4 PASSENGER VEHICLE 2018-2026 ($MILLION)
TABLE 22.   AMERICA GOLF CART MARKET REVENUE FOR COMMERCIAL SERVICES, BY 4 PASSENGER VEHICLE 2018-2026 (UNITS)
TABLE 23.   AMERICA GOLF CART MARKET REVENUE FOR COMMERCIAL SERVICES, BY 6 PASSENGER VEHICLE 2018-2026 ($MILLION)
TABLE 24.   AMERICA GOLF CART MARKET REVENUE FOR COMMERCIAL SERVICES, BY 6 PASSENGER VEHICLE 2018-2026 (UNITS)
TABLE 25.   AMERICA GOLF CART MARKET REVENUE FOR COMMERCIAL SERVICES, BY EIGHT AND MORE PASSENGERS VEHICLE 2018-2026 ($MILLION)
TABLE 26.   AMERICA GOLF CART MARKET REVENUE FOR COMMERCIAL SERVICES, BY EIGHT AND MORE PASSENGERS VEHICLE  2018-2026 (UNITS)
TABLE 27.   U. S. GOLF CART MARKET, BY PASSENGER CAPACITY, 2018–2026 ($MILLION)
TABLE 28.   U. S. GOLF CART MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 29.   U. S. GOLF CART MARKET, BY CAPACITY, 2018–2026 ($MILLION)
TABLE 30.   U. S. GOLF CART MARKET, BY FUEL TYPE, 2018–2026 ($MILLION)
TABLE 31.   U. S. GOLF CART MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 32.   CANADA GOLF CART MARKET, BY PASSENGER CAPACITY, 2018–2026 ($MILLION)
TABLE 33.   CANADA GOLF CART MARKET, BY PASSENGER CAPACITY, 2018–2026 ($MILLION)
TABLE 34.   CANADA GOLF CART MARKET, BY CAPACITY, 2018–2026 ($MILLION)
TABLE 35.   CANADA GOLF CART MARKET, BY FUEL TYPE, 2018–2026 ($MILLION)
TABLE 36.   CANADA GOLF CART MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 37.   MEXICO GOLF CART MARKET, BY PASSENGER CAPACITY, 2018–2026 ($MILLION)
TABLE 38.   MEXICO GOLF CART MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 39.   MEXICO GOLF CART MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 40.   MEXICO GOLF CART MARKET, BY FUEL TYPE, 2018–2026 ($MILLION)
TABLE 41.   MEXICO GOLF CART MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 42.   BRAZIL GOLF CART MARKET, BY PASSENGER CAPACITY, 2018–2026 ($MILLION)
TABLE 43.   BRAZIL GOLF CART MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 44.   BRAZIL GOLF CART MARKET, BY CAPACITY, 2018–2026 ($MILLION)
TABLE 45.   BRAZIL GOLF CART MARKET, BY FUEL TYPE, 2018–2026 ($MILLION)
TABLE 46.   BRAZIL GOLF CART MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 47.   ARGENTINA GOLF CART MARKET, BY PASSENGER CAPACITY, 2018–2026 ($MILLION)
TABLE 48.   ARGENTINA GOLF CART MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 49.   ARGENTINA GOLF CART MARKET, BY CAPACITY, 2018–2026 ($MILLION)
TABLE 50.   ARGENTINA GOLF CART MARKET, BY FUEL TYPE, 2018–2026 ($MILLION)
TABLE 51.   ARGENTINA GOLF CART MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 52.   REST OF AMERICA GOLF CART MARKET, BY PASSENGER CAPACITY, 2018–2026 ($MILLION)
TABLE 53.   REST OF AMERICA GOLF CART MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 54.   REST OF AMERICA GOLF CART MARKET, BY CAPACITY, 2018–2026 ($MILLION)
TABLE 55.   REST OF AMERICA GOLF CART MARKET, BY FUEL TYPE, 2018–2026 ($MILLION)
TABLE 56.   REST OF AMERICA GOLF CART MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 57.   CLUB CAR: COMPANY SNAPSHOT
TABLE 58.   CLUB CAR: OPERATING SEGMENTS
TABLE 59.   CLUB CAR (INGERSOLL-RAND PLC,): PRODUCT PORTFOLIO
TABLE 60.   CLUB CAR(INGERSOLL-RAND PLC,): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 61.   GARIA : COMPANY SNAPSHOT
TABLE 62.   GARIA : PRODUCT PORTFOLIO
TABLE 63.   GARIA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 64.   HITACHI CHEMICAL CO., LTD.: COMPANY SNAPSHOT
TABLE 65.   HITACHI CHEMICAL CO., LTD.: OPERATING SEGMENTS
TABLE 66.   HITACHI CHEMICAL CO., LTD.: PRODUCT PORTFOLIO
TABLE 67.   JH GLOBAL SERVICES, INC.: PRODUCT PORTFOLIO
TABLE 68.   COLUMBIA VEHICLE GROUP INC.: COMPANY SNAPSHOT
TABLE 69.   COLUMBIA VEHICLE GROUP INC.: OPERATING SEGMENTS
TABLE 70.   COLUMBIA VEHICLE GROUP INC.: PRODUCT PORTFOLIO
TABLE 71.   EVOLUTION ELECTRIC VEHICLE: OPERATING SEGMENTS
TABLE 72.   EVOLUTION ELECTRIC VEHICLE: PRODUCT PORTFOLIO
TABLE 73.   GEM (POLARIS INDUSTRIES INC.): COMPANY SNAPSHOT
TABLE 74.   GEM (POLARIS INDUSTRIES INC.): OPERATING SEGMENTS
TABLE 75.   GEM (POLARIS INDUSTRIES INC.): PRODUCT PORTFOLIO
TABLE 76.   GEM (POLARIS INDUSTRIES INC.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 77.   EZ- GO.: COMPANY SNAPSHOT
TABLE 78.   TEXTRON INC.: OPERATING SEGMENTS
TABLE 79.   TEXTRON: PRODUCT PORTFOLIO
TABLE 80.   TEXTRON INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 81.   ICON ELECTRIC VEHICLES: COMPANY SNAPSHOT
TABLE 82.   TOMBERLIN: PRODUCT PORTFOLIO
TABLE 83.   YAMAHA GOLF CAR COMPANY: COMPANY SNAPSHOT
TABLE 84.   YAMAHA GOLF CAR COMPANY: OPERATING SEGMENTS
TABLE 85.   YAMAHA GOLF CAR COMPANY: PRODUCT PORTFOLIO
TABLE 86.   YAMAHA GOLF CAR COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 87.   SMART CART ELECTRIC VEHICLES: COMPANY SNAPSHOT
TABLE 88.   SMART CART ELECTRIC VEHICLES: OPERATING SEGMENTS
TABLE 89.   SMART CART ELECTRIC VEHICLES: PRODUCT PORTFOLIO
TABLE 90.   BINTELLI ELECTRIC VEHICLES: COMPANY SNAPSHOT
TABLE 91.   BINTELLI ELECTRIC VEHICLES: OPERATING SEGMENTS
TABLE 92.   BINTELLI ELECTRIC VEHICLES: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.   KEY MARKET SEGMENTS
FIGURE 02.   EXECUTIVE SUMMARY
FIGURE 03.   EXECUTIVE SUMMARY
FIGURE 04.   TOP IMPACTING FACTORS
FIGURE 05.   TOP INVESTMENT POCKETS
FIGURE 06.   TOP WINNING STRATEGIES, BY YEAR, 2015–2019*
FIGURE 07.   TOP WINNING STRATEGIES, BY YEAR, 2015–2019*
FIGURE 08.   TOP WINNING STRATEGIES, BY COMPANY, 2015–2019*
FIGURE 09.   MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.   MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.   MODERATE THREAT OF SUBSTITUTES
FIGURE 12.   HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.   MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.   MARKET SHARE ANALYSIS (2018)
FIGURE 15.   AMERICA GOLF CART MARKET SHARE, BY PASSENGER CAPACITY, 2018–2026 (%)
FIGURE 16.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR TWO PASSENGERS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 17.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR FOUR PASSENGERS, BY COUNTRY,  2018 & 2026 (%)
FIGURE 18.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR SIX PASSENGERS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 19.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR EIGHT AND MORE PASSENGERS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 20.   AMERICA GOLF CART MARKET SHARE, BY TYPE, 2018–2026 (%)
FIGURE 21.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR OPEN GOLF CART, BY COUNTRY, 2018 & 2026 (%)
FIGURE 22.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR ENCLOSED, BY COUNTRY, 2018 & 2026 (%)
FIGURE 23.   AMERICA GOLF CART MARKET SHARE, BY CAPACITY, 2018–2026 (%)
FIGURE 24.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR LSV, BY COUNTRY, 2018 & 2026 (%)
FIGURE 25.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR NON-LSV, BY COUNTRY, 2018 & 2026 (%)
FIGURE 26.   AMERICA GOLF CART MARKET SHARE, BY FUEL TYPE, 2018–2026 (%)
FIGURE 27.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR GASOLINE, BY COUNTRY, 2018 & 2026 (%)
FIGURE 28.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR ELECTRIC, BY COUNTRY, 2018 & 2026 (%)
FIGURE 29.   AMERICA GOLF CART MARKET SHARE, BY APPLICATION, 2018–2026 (%)
FIGURE 30.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR GOLF COURSE, BY COUNTRY, 2018 & 2026 (%)
FIGURE 31.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR PERSONAL SERVICE, BY COUNTRY,  2018 & 2026 (%)
FIGURE 32.   AMERICA GOLF CART MARKET FOR RESORTS, 2018-2026 ($ MILLION)
FIGURE 33.   AMERICA GOLF CART MARKET FOR RESORTS, 2018-2026 (UNITS)
FIGURE 34.   AMERICA GOLF CART MARKET FOR RENTAL SHUTTLE OR TAXI, 2018-2026 ($ MILLION)
FIGURE 35.   AMERICA GOLF CART MARKET FOR RENTAL SHUTTLE OR TAXI, 2018-2026 (UNITS)
FIGURE 36.   AMERICA GOLF CART MARKET FOR UNIVERSITIES, 2018-2026 ($ MILLION)
FIGURE 37.   AMERICA GOLF CART MARKET FOR UNIVERSITIES, 2018-2026 (UNITS)
FIGURE 38.   AMERICA GOLF CART MARKET FOR AIRPORTS, 2018-2026 ($ MILLION)
FIGURE 39.   AMERICA GOLF CART MARKET FOR AIRPORTS, 2018-2026 (UNITS)
FIGURE 40.   AMERICA GOLF CART MARKET FOR HOSPITALS, 2018-2026 ($ MILLION)
FIGURE 41.   AMERICA GOLF CART MARKET FOR HOSPITALS, 2018-2026 (UNITS)
FIGURE 42.   AMERICA GOLF CART MARKET FOR ENTERTAINMENT AMUSEMENT PARKS, 2018-2026 ($ MILLION)
FIGURE 43.   AMERICA GOLF CART MARKET FOR ENTERTAINMENT AMUSEMENT PARKS, 2018-2026 (UNITS)
FIGURE 44.   AMERICA GOLF CART MARKET FOR CONVENTION CENTERS, 2018-2026 ($ MILLION)
FIGURE 45.   AMERICA GOLF CART MARKET FOR CONVENTION CENTERS, 2018-2026 (UNITS)
FIGURE 46.   AMERICA GOLF CART MARKET FOR SPORTS STADIUMS, 2018-2026 ($ MILLION)
FIGURE 47.   AMERICA GOLF CART MARKET FOR SPORTS STADIUMS, 2018-2026 (UNITS)
FIGURE 48.   AMERICA GOLF CART MARKET FOR ZOO, 2018-2026 ($ MILLION)
FIGURE 49.   AMERICA GOLF CART MARKET FOR ZOO, 2018-2026 (UNITS)
FIGURE 50.   COMPARATIVE SHARE ANALYSIS OF GOLF CART MARKET FOR COMMERCIAL SERVICES, BY COUNTRY,  2018 & 2026 (%)
FIGURE 51.   GOLF CART MARKET, BY COUNTRY, 2018-2026 (%)
FIGURE 52.   U. S. GOLF CART MARKET, 2018–2026 ($MILLION)
FIGURE 53.   CANADA GOLF CART MARKET, 2018–2026 ($MILLION)
FIGURE 54.   MEXICO GOLF CART MARKET, 2018–2026 ($MILLION)
FIGURE 55.   BRAZIL GOLF CART MARKET, 2018–2026 ($MILLION)
FIGURE 56.   ARGENTINA GOLF CART MARKET, 2018–2026 ($MILLION)
FIGURE 57.   REST OF AMERICA GOLF CART MARKET, 2018–2026 ($MILLION)
FIGURE 58.   INGERSOLL-RAND PLC: REVENUE, 2016–2018 ($MILLION)
FIGURE 59.   INGERSOLL-RAND PLC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 60.   INGERSOLL-RAND PLC: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 61.   HITACHI CHEMICAL CO., LTD.: REVENUE, 2015–2017 ($MILLION)
FIGURE 62.   HITACHI CHEMICAL CO., LTD.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 63.   HITACHI CHEMICAL CO., LTD.: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 64.   POLARIS INDUSTRIES INC.: REVENUE, 2015–2017 ($MILLION)
FIGURE 65.   POLARIS INDUSTRIES INC.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 66.   POLARIS INDUSTRIES INC.: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 67.   TEXTRON INC.: REVENUE, 2015–2017 ($MILLION)
FIGURE 68.   TEXTRON INC.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 69.   TEXTRON INC.: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 70.   YAMAHA MOTOR CO., LTD.: REVENUE, 2015–2017 ($MILLION)
FIGURE 71.   YAMAHA MOTOR CO., LTD.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 72.   YAMAHA MOTOR CO., LTD.: REVENUE SHARE BY REGION, 2017 (%)
In accordance with the insights by the CXOs of leading companies, the America golf cart market is projected to witness considerable growth, especially in Latin America, owing to growth in population along with increase in globalization and rise in purchasing power. Companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative feature offerings.
Factors such as growth in population coupled with rise in purchasing power, stringent government rules and regulations toward vehicle emission, and increase in number of golf courses and country clubs drive the growth of the market. However, high initial maintenance and purchasing cost, low power & speed, and low overall drive range are expected to hamper the growth of the market. Further, technological advancements for golf carts and reduction in cost of fuel cells as well as batteries are expected to create numerous opportunities for market expansion.
Among the analyzed countries, the U.S. is expected to account for the highest revenue in the market throughout the forecast period (2019-2026) followed by Canada, Mexico, Argentina, Brazil, and others. However, Brazil is expected to experience growth at a higher rate, predicting lucrative opportunities for the key players operating in the America golf cart market
Club Car (Ingersoll-Rand plc,), Garia, Hitachi Chemical Co., Ltd., Star EV (JH Global Services, Inc.), Columbia Vehicle Group Inc., Evolution Electric Vehicle (HDK electric vehicles), GEM (Polaris Industries Inc.), EZ-GO (Textron Inc.), ICON Electric Vehicles, Yamaha Golf-Car Company, Smart Cart Electric Vehicles, and Bintelli Electric Vehicles are the key market players that occupy a significant revenue share in the America golf cart market.
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