The golf cart market is poised to grow by $ 937.32 mn during 2020-2024 progressing at a CAGR of 6% during the forecast period.
The report on golf cart market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The market is driven by the upcoming new golf courses, growing adoption of golf carts for zoo transportation and on city streets and surge in the number of sports tournaments. In addition, upcoming new golf courses is anticipated to boost the growth of the market as well.
This study identifies the introduction of solar-powered golf carts as one of the prime reasons driving the golf cart market growth during the next few years. Also, technologically advanced golf carts and advent of lithium-powered golf carts will lead to sizable demand in the market.
The golf cart market is segmented as below:
- By Application
- Commercial use
- Personal use
By Geographic Landscapes
- North America
- South America
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading golf cart market vendors that include:
- Garia AS
- Hitachi Chemical Co. Ltd.
- Ingersoll Rand Inc.
- JH Global Services Inc.
- Maini Materials Movement Pvt. Ltd.
- Nordic Group of Companies Ltd.
- Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
- Textron Inc.
- Xiamen Dalle Electric Car Co. Ltd.
- Yamaha Motor Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/s1tki6