Global Golf Cart Market Research Report 2021

SKU ID : QYR- 17277018

Publishing Date : 26-Jan-2021

No. of pages : 97

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  • Golf carts are used by golfers to carry heavy golf clubs and equipment. They are also used for daily commuting needs over short distances. Golf carts are usually gasoline-powered or electric, but recently solar-powered golf carts have also been developed. Electric golf carts have more preference among consumers.
    The technical barriers of Golf Cart are low, and the Golf Cart market concentration degree is relatively higher. The manufacturing bases concentration around the world in terms of geography; some of the key players dominating this market are Yamaha Motor, Textron, Club Car, AGT, CitEcar Electric Vehicles and others.
    The main threat facing the company is the sturdiness of the competition within the market. The product will not be trying to replace solutions already on the market, however; competing with companies like Yamaha Motor and Club Car could be a real threat for a small startup companies.
    In the past few years, as the main raw material price was relatively stable, with the addition of a sharp increase in production capacity, expected that the Golf Cart raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and employee wages, will play a significant role in promoting the cost of Golf Cart.
    There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The oversupply of Golf Cart in the market has had a negative impact but has been countered by the magnitude of the increase in demand, resulting in uncertainty in the Golf Cart market.
    In North America, Golf Cart manufactures mainly include Yamaha Motor, Textron, Club Car, AGT, CitEcar Electric Vehicles, and others. As the same time, in North America market, some common brands occupy relative large market share, such as Yamaha Motor.
    North America is the world’s largest producer of Golf Cart; as the same time, the consumption of Golf Cart in North America grown gradually. In the result, Golf Cart in North America was export-oriented until now.

    Market Analysis and Insights: Global Golf Cart Market
    The global Golf Cart market was valued at US$ 1740 million in 2019 and it is expected to reach US$ 2363.1 million by the end of 2026, growing at a CAGR of 4.4% during 2021-2026.

    Global Golf Cart Market: Drivers and Restrains
    The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
    A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

    Global Golf Cart Market: Segment Analysis
    The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

    Segment by Type
    Gas Power
    Electric Power
    Others

    Segment by Application
    Golf Club
    Others

    By Company
    Yamaha Motor
    Club Car(Ingersoll Rand)
    Textron(E-Z-Go and Cushman)
    citEcar Electric Vehicles
    AGT Electric Cars

    Production by Region
    North America
    Europe
    China
    Japan
    South Korea
    India

    Consumption by Region
    North America
    U.S.
    Canada
    Europe
    Germany
    France
    U.K.
    Italy
    Russia
    Asia-Pacific
    China
    Japan
    South Korea
    India
    Australia
    Taiwan
    Indonesia
    Thailand
    Malaysia
    Philippines
    Vietnam
    Latin America
    Mexico
    Brazil
    Argentina
    Middle East & Africa
    Turkey
    Saudi Arabia
    U.A.E

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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