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Golf Cart Market by Product type (Electric Golf Cart, Gasoline Golf Cart, and Solar Golf Cart) and Application (Golf Course, Personal Services, and Commercial Services) - Global Opportunities Analysis and Industry Forecast, 2017-2023

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AU_182099
Pages: 165
Feb 2018 | 3681 Views
 
Author's : Rahul Kumar & Sonia Mutreja
Tables: 83
Charts: 62
 

Golf Cart Market Overview:

Golf cart is a gas-powered, low-speed vehicle driven by electric motors, which is 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 the average speed between 25‐50 km ph.

Increase in urbanization & industrialization; hi-tech & smart residential & commercial housing projects; and rise in utilization of golf cart vehicles in hotels, hospitality, tourism industries, and amusement parks are anticipated to fuel the growth of the global golf cart market. Moreover, the usage of golf carts for short trips in educational institutions, such as colleges & universities, and in airports is expected to propel their demand.

The key players operating in the golf cart market include Garia Inc., Hitachi Chemical Co. Ltd, Ingersoll Rand plc, JH Global Services, Inc., Maini Materials Movement Pvt. Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Specialized Vehicles Inc., Tomberlin, X iamen Dalle Electric Car Co. Ltd., and Yamaha Golf Car Company.

Segment Overview

The global golf cart market is segmented based on product type, application, and geography. On the basis of product type, the market is categorized into electric golf cart, gasoline, and solar. By application, it is classified into golf course, personal services, and commercial services. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Growth in number of vehicle sales, urbanization in countries, such as India and China, and rise in usage of golf cart, especially in golf courses are anticipated to boost the growth of golf carts market from 2017 to 2023.

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Growth in Population along with Increase in Globalization and Rise in Purchasing Power

Rapid growth in population and increase in globalization boost the economy, thus impacting the purchasing power of individuals. This in turn improves the standard of living, nature of expenses, and mode of transportation. These factors lead to innovation of hybrid and electric utility vehicles, thus fueling the demand for golf carts in the market.

Stringent Government Regulations towards Vehicle Emission

Rise in number of petrol/diesel-based vehicles has led to increase in global warming and other environment-related issues. Thus, increase in concern towards the environment fuels the adoption of gas, electric, or solar golf carts.

High Initial Maintenance and Purchasing Cost

The initial cost for a new golf cart is high, and regular investment on maintenance, which restricts the adoption of golf carts, thereby hampering the market growth.

Key Benefits

  • This report provides an extensive analysis of the current and emerging market trends and dynamics in the golf cart market.
  • In-depth analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global golf cart market.

Golf Cart Market Key Segments:

By Product

  • Electric Golf Cart
  • Gasoline Golf Cart
  • Solar Golf Cart

By Application

  • Golf Course
  • Personal Services
  • Commercial Services

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

Chapter: 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top solar golf carting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.2.3.1. Top winning strategies, by year 2014-2017
3.2.3.2. Top winning strategies, by development 2014-2017
3.2.3.3. Top winning strategies, by company 2014-2017

3.3. PORTER'S FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS, 2015
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Growth in population along with increase in globalization and rise in purchasing power
3.5.1.2. Stringent government rules and regulations towards vehicle emission

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: GOLF CART MARKET BY PRODUCT TYPE

4.1. OVERVIEW
4.2. ELECTRIC GOLF CART

4.2.1. Key market trends and opportunities
4.2.2. Market size and forecast by region
4.2.3. Market analysis by country

4.3. GASOLINE GOLF CART

4.3.1. Key market trends and opportunities
4.3.2. Market size and forecast by region
4.3.3. Market analysis by country

4.4. SOLAR GOLF CART

4.4.1. Key market trends and opportunities
4.4.2. Market size and forecast by region
4.4.3. Market analysis by country

Chapter: 5: GOLF CART MARKET BY APPLICATION

5.1. OVERVIEW
5.2. GOLF COURSE

5.2.1. Key market trends
5.2.2. Market size and forecast by region
5.2.3. Market analysis by country

5.3. PERSONAL SERVICES

5.3.1. Key market trends
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country

5.4. COMMERCIAL SERVICES

5.4.1. Key market trends
5.4.2. Market size and forecast by region
5.4.3. Market analysis by country

Chapter: 6: GOLF CART MARKET BY REGION

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Market size and forecast by Product type
6.2.3. Market size and forecast by Application
6.2.4. Market analysis by country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast
6.2.4.1.2. Market size and forecast, by Product type
6.2.4.1.3. Market size and forecast, by Application

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast
6.2.4.2.2. Market size and forecast, by Product type
6.2.4.2.3. Market size and forecast, by Application

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast
6.2.4.3.2. Market size and forecast, by Product type
6.2.4.3.3. Market size and forecast, by Application

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Market size and forecast by Product type
6.3.3. Market size and forecast by Application
6.3.4. Market analysis by country

6.3.4.1. UK

6.3.4.1.1. Market size and forecast
6.3.4.1.2. Market size and forecast, by Product type
6.3.4.1.3. Market size and forecast, by Application

6.3.4.2. Germany

6.3.4.2.1. Market size and forecast
6.3.4.2.2. Market size and forecast, by Product type
6.3.4.2.3. Market size and forecast, by Application

6.3.4.3. France

6.3.4.3.1. Market size and forecast
6.3.4.3.2. Market size and forecast, by Product type
6.3.4.3.3. Market size and forecast, by Application

6.3.4.4. Russia

6.3.4.4.1. Market size and forecast
6.3.4.4.2. Market size and forecast, by Product type
6.3.4.4.3. Market size and forecast, by Application

6.3.4.5. Rest of Europe

6.3.4.5.1. Market size and forecast
6.3.4.5.2. Market size and forecast, by Product type
6.3.4.5.3. Market size and forecast, by Application

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Market size and forecast by Product type
6.4.3. Market size and forecast by Application
6.4.4. Market analysis by country

6.4.4.1. China

6.4.4.1.1. Market size and forecast
6.4.4.1.2. Market size and forecast, by Product type
6.4.4.1.3. Market size and forecast, by Application

6.4.4.2. India

6.4.4.2.1. Market size and forecast
6.4.4.2.2. Market size and forecast, by Product type
6.4.4.2.3. Market size and forecast, by Application

6.4.4.3. Japan

6.4.4.3.1. Market size and forecast
6.4.4.3.2. Market size and forecast, by Product type
6.4.4.3.3. Market size and forecast, by Application

6.4.4.4. Australia

6.4.4.4.1. Market size and forecast
6.4.4.4.2. Market size and forecast, by Product type
6.4.4.4.3. Market size and forecast, by Application

6.4.4.5. Rest of Asia-Pacific

6.4.4.5.1. Market size and forecast
6.4.4.5.2. Market size and forecast, by Product type
6.4.4.5.3. Market size and forecast, by Application

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Market size and forecast by Product type
6.5.3. Market size and forecast by Application
6.5.4. Market analysis by Region

6.5.4.1. Latin America

6.5.4.1.1. Market size and forecast
6.5.4.1.2. Market size and forecast, by Product type
6.5.4.1.3. Market size and forecast, by Application

6.5.4.2. Middle East

6.5.4.2.1. Market size and forecast
6.5.4.2.2. Market size and forecast, by Product type
6.5.4.2.3. Market size and forecast, by Application

6.5.4.3. Africa

6.5.4.3.1. Market size and forecast
6.5.4.3.2. Market size and forecast, by Product type
6.5.4.3.3. Market size and forecast, by Application

Chapter: 7: COMPANY PROFILES

7.1. GARIA INC.

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments

7.2. HITACHI CHEMICAL CO., LTD.

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance

7.3. INGERSOLL-RAND PLC

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments

7.4. JH GLOBAL SERVICES, INC.

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Key strategic moves and developments

7.5. MAINI MATERIALS MOVEMENT PVT LTD.

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance

7.6. SUZHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments

7.7. TEXTRON SPECIALIZED VEHICLES INC.

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments

7.8. TOMBERLIN

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product portfolio
7.8.4. Key strategic moves and developments

7.9. XIAMEN DALLE ELECTRIC CAR CO., LTD

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments

7.10. YAMAHA GOLF CAR COMPANY

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 02. GLOBAL GOLF CART MARKET REVENUE FOR ELECTRIC GOLF CART, BY REGION, 2016-2023 ($MILLION)
TABLE 03. GLOBAL GOLF CART MARKET REVENUE FOR GASOLINE GOLF CART, BY REGION, 2016-2023 ($MILLION)
TABLE 04. GLOBAL GOLF CART MARKET REVENUE FOR SOLAR GOLF CART, BY REGION, 2016-2023 ($MILLION)
TABLE 05. GLOBAL GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 06. GLOBAL GOLF CART MARKET REVENUE FOR GOLF COURSE, BY REGION, 2016-2023 ($MILLION)
TABLE 07. GLOBAL GOLF CART MARKET REVENUE FOR PERSONAL SERVICES, BY REGION, 2016-2023 ($MILLION)
TABLE 08. GLOBAL GOLF CART MARKET REVENUE FOR COMMERCIAL SERVICES, BY REGION, 2016-2023 ($MILLION)
TABLE 09. GLOBAL GOLF CART MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 10. NORTH AMERICA GOLF CART MARKET REVENUE FOR PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 11. NORTH AMERICA GOLF CART MARKET REVENUE FOR APPLICATION, 2016-2023 ($MILLION)
TABLE 12. NORTH AMERICA GOLF CART MARKET REVENUE, BY COUNTRY 2016-2023 ($MILLION)
TABLE 13. U.S. GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 14. U.S. GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 15. CANADA GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 16. CANADA GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 17. MEXICO GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 18. MEXICO GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 19. EUROPE GOLF CART MARKET REVENUE FOR PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 20. EUROPE GOLF CART MARKET REVENUE FOR APPLICATION, 2016-2023 ($MILLION)
TABLE 21. EUROPE GOLF CART MARKET REVENUE, BY COUNTRY 2016-2023 ($MILLION)
TABLE 22. UK GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 23. UK GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 24. GERMANY GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 25. GERMANY GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 26. FRANCE GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 27. FRANCE GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 28. RUSSIA GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 29. RUSSIA GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 30. REST OF EUROPE GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 31. REST OF EUROPE GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 32. ASIA-PACIFIC GOLF CART MARKET REVENUE FOR PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 33. ASIA-PACIFIC GOLF CART MARKET REVENUE FOR APPLICATION, 2016-2023 ($MILLION)
TABLE 34. ASIA-PACIFIC GOLF CART MARKET REVENUE, BY COUNTRY 2016-2023 ($MILLION)
TABLE 35. CHINA GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 36. CHINA GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 37. INDIA GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 38. INDIA GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 39. JAPAN GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 40. JAPAN GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 41. AUSTRALIA GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 42. AUSTRALIA GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 43. REST OF ASIA-PACIFIC GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 44. REST OF ASIA-PACIFIC GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 45. REST OF ASIA-PACIFIC GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 46. LAMEA GOLF CART MARKET REVENUE FOR PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 47. LAMEA GOLF CART MARKET REVENUE FOR APPLICATION, 2016-2023 ($MILLION)
TABLE 48. LAMEA GOLF CART MARKET REVENUE, BY COUNTRY 2016-2023 ($MILLION)
TABLE 49. LATIN AMERICA GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 50. LATIN AMERICA GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 51. MIDDLE EAST GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 52. MIDDLE EAST GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 53. AFRICA GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 54. AFRICA GOLF CART MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 55. AFRICA GOLF CART MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 56. GARIA INC.: COMPANY SNAPSHOT
TABLE 57. GARIA INC. : PRODUCT CATEGORIES.
TABLE 58. GARIA INC.: PRODUCT PORTFOLIO
TABLE 59. HITACHI CHEMICAL CO, LTD.: COMPANY SNAPSHOT
TABLE 60. HITACHI CHEMICAL CO. LTD. : OPERATING SEGMENTS
TABLE 61. HITACHI CHEMICAL CO. LTD.: PRODUCT PORTFOLIO
TABLE 62. INGERSOLL-RAND PLC : COMPANY SNAPSHOT
TABLE 63. INGERSOLL-RAND PLC : OPERATING SEGMENTS
TABLE 64. INGERSOLL-RAND PLC.: PRODUCT PORTFOLIO
TABLE 65. JH GLOBAL SERVICES INC. : COMPANY SNAPSHOT
TABLE 66. JH GLOBAL SERVICES INC: PRODUCT CATEGORIES.
TABLE 67. MAINI MATERIALS MOVEMENT PVT LTD.: COMPANY SNAPSHOT
TABLE 68. MAINI MATERIALS MOVEMENT PVT LTD.: OPERATING SEGMENTS
TABLE 69. MAINI MATERIALS MOVEMENT PVT LTD.: PRODUCT PORTFOLIO
TABLE 70. SUZHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD: COMPANY SNAPSHOT
TABLE 71. SUZHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD: OPERATING SEGMENTS
TABLE 72. SUZHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD: PRODUCT PORTFOLIO
TABLE 73. TEXTRON SPECIALIZED VEHICLES INC.: COMPANY SNAPSHOT
TABLE 74. TEXTRON SPECIALIZED VEHICLES INC.: OPERATING SEGMENTS
TABLE 75. TEXTRON SPECIALIZED VEHICLES INC.: PRODUCT PORTFOLIO
TABLE 76. TOMBERLIN: COMPANY SNAPSHOT
TABLE 77. TOMBERLIN: PRODUCT PORTFOLIO
TABLE 78. XIAMEN DALLE ELECTRIC CAR CO., LTD: COMPANY SNAPSHOT
TABLE 79. XIAMEN DALLE ELECTRIC CAR CO., LTD: OPERATING SEGMENTS
TABLE 80. XIAMEN DALLE ELECTRIC CAR CO., LTD: PRODUCT PORTFOLIO
TABLE 81. YAMAHA GOLF CAR COMPANY: COMPANY SNAPSHOT
TABLE 82. YAMAHA GOLF CAR COMPANY: OPERATING SEGMENTS
TABLE 83. YAMAHA GOLF CAR COMPANY: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. GLOBAL GOLF CART MARKET, 2016-2023
FIGURE 02. GLOBAL GOLF CART MARKET, BY REGION, 2016-2023
FIGURE 03. TOP INVESTMENT POCKETS: GOLF CART MARKET
FIGURE 04. TOP WINNING STRATEGIES, BY YEAR 2014-2017*
FIGURE 05. TOP WINNING STRATEGIES, BY DEVELOPMENT 2014-2017 (%)
FIGURE 06. TOP WINNING STRATEGIES, BY COMPANY 2014-2017 (%)
FIGURE 07. MODERATE BARGAINING POWER OF BUYERS
FIGURE 08. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 09. LOW-TO-MODERATE OF NEW ENTRANTS
FIGURE 10. MODERATE OF SUBSTITUTES
FIGURE 11. MODERATE COMPETITIVE RIVALARY
FIGURE 12. MARKET SHARE ANALYSIS: GOLF CARTMARKET, 2015
FIGURE 13. GLOBAL GOLF CART MARKET, BY PRODUCT TYPE, 2017-2023
FIGURE 14. ELECTRIC GOLF CART GOLF CART MARKET BY GEOGRAPHY 2016-2023, ($MILLION)
FIGURE 15. COMPARATIVE ANALYSIS OF ELECTRIC GOLF CART MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 16. GASOLINE GOLF CART GOLF CART MARKET BY GEOGRAPHY 2016-2023, ($MILLION)
FIGURE 17. COMPARATIVE ANALYSIS OF GASOLINE GOLF CART MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 18. SOLAR GOLF CART GOLF CART MARKET BY GEOGRAPHY 2016-2023, ($MILLION)
FIGURE 19. COMPARATIVE ANALYSIS OF SOLAR GOLF CART MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 20. GLOBAL GOLF CART MARKET, BY APPLICATION, 2017-2023
FIGURE 21. GOLF COURSE GOLF CART MARKET BY GEOGRAPHY 2016-2023, ($MILLION)
FIGURE 22. COMPARATIVE ANALYSIS OF GOLF COURSE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 23. PERSONAL SERVICES GOLF CART MARKET BY GEOGRAPHY 2016-2023, ($MILLION)
FIGURE 24. COMPARATIVE ANALYSIS OF PERSONAL SERVICES MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 25. COMMERCIAL SERVICES GOLF CART MARKET BY GEOGRAPHY 2016-2023, ($MILLION)
FIGURE 26. COMPARATIVE ANALYSIS OF COMMERCIAL SERVICES MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 27. GLOBAL GOLF CART MARKET, BY REGION, 2017-2023
FIGURE 28. GLOBAL GOLF CART MARKET, BY REGION, 2017-2023
FIGURE 29. U.S. GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 30. CANADA GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 31. MEXICO GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 32. UK GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 33. GERMANY GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 34. FRANCE GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 35. RUSSIA GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 36. REST OF EUROPE GOLF CARTMARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 37. CHINA GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 38. INDIA GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 39. JAPAN GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 40. AUSTRALIA GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 41. LATIN AMERICA GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 42. MIDDLE EAST GOLF CART MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 43. GARIA INC.: REVENUE, 2015-2016 ($MILLION)
FIGURE 44. HITACHI CHEMICAL CO. LTD.: REVENUE, 2014-2016 ($MILLION)
FIGURE 45. HITACHI CHEMICAL CO. LTD.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 46. HITACHI CHEMICAL CO, LTD.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 47. INGERSOLL-RAND PLC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 48. MAINI MATERIALS MOVEMENT PVT LTD.: REVENUE, 2015-2017($MILLION)
FIGURE 49. MAINI MATERIALS MOVEMENT PVT LTD.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 50. MAINI MATERIALS MOVEMENT PVT LTD.: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 51. SUZHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD: NET SALES, 2015-2017 ($MILLION)
FIGURE 52. SUZHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 53. SUZHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 54. TEXTRON SPECIALIZED VEHICLES INC.: NET SALES, 2014-2016 ($MILLION)
FIGURE 55. TEXTRON SPECIALIZED VEHICLES INC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 56. TEXTRON SPECIALIZED VEHICLES INC.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 57. XIAMEN DALLE ELECTRIC CAR CO., LTD: NET SALES, 2015-2017 ($MILLION)
FIGURE 58. XIAMEN DALLE ELECTRIC CAR CO., LTD: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 59. XIAMEN DALLE ELECTRIC CAR CO., LTD: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 60. YAMAHA GOLF CAR COMPANY: NET SALES, 2014-2016 ($MILLION)
FIGURE 61. YAMAHA GOLF CAR COMPANY: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 62. YAMAHA GOLF CAR COMPANY: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

Golf cart is a small motorized vehicle used for transportation of golfers around the golf course and also used as off-road vehicle across various locations such as hotels, airports, resorts, and many more areas. The golf cart market is expected to reach $2,591.69 million by 2023, owing to rise in demand for environmental protection and stringent government rules & regulations towards vehicle emission. The different golf cart includes electric, gasoline, or solar powered, which emit less or no air pollutants.

Growth in population, increase in globalization, and rise in purchasing power drive the demand for golf carts. In 2016, North America was the highest contributor, in terms of revenue, in the golf cart market. In addition, electric golf cart has contributed significant revenue to the market, majorly from the U.S. Furthermore, the solar golf cart is anticipated to witness the highest growth rate during the forecast period, due to heavy investment on renewable energy across the developing nations.

Key market players have adopted various strategies, such as new product launch, business expansion, and strategic alliances to increase awareness about golf cart across various countries.

 

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