Golf Cart Market Overview, Trends, Opportunities, Growth and Forecast by 2025

by IMARC Group Market Research Reports
According to a new report by IMARC Group. the global golf cart market grew at a CAGR of 4% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years.

Also known as a golf buggy, a golf cart is a low-speed vehicle that is primarily utilized within the premises of a golf course for the transportation of equipment and golfers. It relies on electricity, gasoline or solar power as a source of fuel. As it is easy to use, cost-effective and produces zero carbon emission, it is extensively used in airports, hotels, resorts, exhibition centers, factories, amusement parks, multi-residential complexes and railway stations for traveling short distances.

Market Trends

Rapid urbanization, in confluence with inflating income levels and the increasing participation in golf, represents one of the key factors escalating the demand for golf carts around the world. Moreover, owing to the benefits associated with golf carts, they are increasingly being used in promotional and marketing activities. Apart from this, the incorporation of innovative features, such as GPS, radio and air-conditioning, along with the introduction of golf carts for disabled and older people, are anticipated to fuel the market growth in the coming years.

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Insights on Market Segmentation:

Market Breakup by Product Type:

Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart

Market Breakup by Application:

  • Golf Course
  • Personal Services
  • Commercial Services

View Report TOC, Figures and Tables:

Market Breakup by Seating Capacity:

  • Small (2-4 Seater)
  • Medium (6-8 Seater)
  • Large (Above 8 Seats)

Market Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

About Us

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Created on May 25th 2020 05:26. Viewed 185 times.


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