The global golf carts market to grow at a CAGR of 10.16% during the period 2017-2021.
Global Golf Carts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of golf carts.
The trend of using golf carts for daily commuting is growing. This is due to the fluctuating fuel prices and stringent emission regulations imposed by governments of most countries across the world. These carts are low cost, energy efficient, and mostly used for shopping and recreational purposes.
Golf equipment manufacturers are continuously developing technologically advanced equipment to attract sports enthusiasts. They are launching modern and customized golf carts that are encouraging consumers to replace their carts with upgraded versions. Many leading manufacturers are developing and modifying product designs using advanced technologies, such as computer-aided design and computer-aided manufacturing. They are also developing high-end equipment, such as golf robots and launch monitors.
- Growing number of golf courses across the globe
- High demand for golf carts powered by lithium-ion batteries
- Substantial association initiatives and sponsorship deals
- Growing popularity of pro-golf tournaments
- Growing interest in fantasy golf
- Lack of infrastructure facilities for charging golf carts
- High operational costs of golf carts
- Technologically advanced golf carts
- Growing popularity of FootGolf
- Multipurpose usage of golf carts
- Columbia ParCar
- Hitachi Automotive Systems
- Ingersoll Rand
Other prominent vendors
- BIG MAX
- citEcar Electric Vehicles
- Dongguan Excellence Golf &
- Sightseeing Car
- Dynamic Brands (Bag Boy)
- Sun Mountain
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