Golf Cart Market Covid-19 Impact Analysis and Growth Prospects Survey till 2027

Golf cart market size is going to exceed a valuation of $2 billion through 2027, Growing disposable incomes and expanding demand for convenient short distance travel solution at several institutions will lead golf cart industry share to gain substantial momentum globally. As per the NGF, more than 400 golfing facilities has been started between 2014-2018. The facility owners have been offering supplies to support golf cart industry growth.

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Electric golf carts are witnessing technological advancements like high power and maximum range. Huge investments in R&D by companies to create very efficient golf cart motors and batteries are fueling product demand, as is the production of gasoline powered, low-noise golf carts. Golf cart manufacturers are launching new models consisting of various features and price ranges to meet the demands of different consumers. Golf cart companies are also focusing on expanding business operations. In 2019, Yamaha Golf-Car Company announced its plans to expand two of its territories in the U.S, in order to improve service capabilities and grow sales across the area.

The travel and tourism sector is growing at a rapid pace. The number of golf courses is increasing, hence adding to market growth. Golf carts are commonly used in resorts and hotels owing to their large passenger carrying capacity, less noise, and easy maneuverability, features which are likely to boost product demand. However, emergence of COVID-19 pandemic has drastically impacted the tourism sector, further influencing the golf cart industry.

The Europe golf cart market may expand significantly owing to the convenience, comfortable ride, and low-cost travel options provided by these vehicles. Golf carts that come with large passenger-carrying capacity are in demand across hotels, residential apartments, resorts, and clubs throughout the region.

Countries like Spain, Ireland, the UK, and Portugal are witnessing growing number of registered golfers, boosting regional product demand. In 2021, global provider of mission-critical flow creation and industrial solutions, Ingersoll Rand Inc., announced the agreement to sell its specialty vehicle technologies segment, Club Car, to Platinum Equity for their expertise, focus, and interest in the automotive sector and mobility trends.

The golf cart market players have been investing significantly in research and development activities to improve vehicle performance. The manufacturers have been adopting advanced systems to enhance riding experience and passenger comfort.

A few of the golf cart market participants are Ingersoll, Textron, Yamaha, Garia, Hitachi, Columbia Vehicle, Speedways Electric, Marshall Green, GDrive, Dongguan Excellence Golf & Sightseeing Car, Autopower, and Tianjin Zhongyi Electric Vehicle. The companies have been enhancing battery capacity to accelerate application scope. Also, market players have been launching novel products and undertaking mergers and acquisition for reinforcing their foothold.

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Partial Chapter of the Table of Content

Chapter 4   Golf Cart Market Competitive Landscape,

4.1    Introduction

4.2    Company market share analysis, 2020

4.3    Competitive analysis of top golf cart manufacturers

4.3.1    Yamaha Golf-Car Company

4.3.2    Club Car

4.3.3    E-Z-GO

4.3.4    Company 4

4.3.5    Company 5

4.3.6    Company 6

4.3.7    Company 7

Chapter 5   Golf Cart Market, By Fuel Type

5.1    Key trends, by fuel type

5.2    Gas

5.2.1    Market estimates and forecast, 2017 – 2027

5.3    Electric

5.3.1    Market estimates and forecast, 2017 – 2027

5.4    Solar-powered

5.4.1    Market estimates and forecast, 2017 – 2027

Chapter 6   Golf Cart Market, By Application

6.1    Key trends, by application

6.2    Golf courses

6.2.1    Market estimates and forecast, 2017 – 2027

6.3    Commercial services

6.3.1    Golf Cart Market estimates and forecast, 2017 – 2027

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