Global Golf Cart Market 2017-2021 with Columbia ParCar, Hitachi Automotive Systems, Ingersoll Rand, Textron & Yamaha Dominating - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Golf Cart Market 2017-2021" report to their offering.

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.

Market Dynamics

Market drivers

  • 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

Market challenges

  • Growing interest in fantasy golf
  • Lack of infrastructure facilities for charging golf carts
  • High operational costs of golf carts

Market trends

  • Technologically advanced golf carts
  • Growing popularity of FootGolf
  • Multipurpose usage of golf carts

Key vendors

  • Columbia ParCar
  • Hitachi Automotive Systems
  • Ingersoll Rand
  • Textron
  • Yamaha

Other prominent vendors

  • BIG MAX
  • citEcar Electric Vehicles
  • Dongguan Excellence Golf &
  • Sightseeing Car
  • Dynamic Brands (Bag Boy)
  • Garia
  • ProActive
  • Sun Mountain

For more information about this report visit http://www.researchandmarkets.com/research/hz956v/global_golf_cart

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Golf Equipment

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Golf Equipment