Global Golf Cart Market Size study, by Product Type (Electric Golf Cart, Gasoline Golf Cart, Solar Golf Cart) by Application (Golf Course, Personal Service, Commercial Services) and Regional Forecasts 2022-2032

Description

List of Tables

Global Golf Cart Market is valued approximately USD 1.30 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.50 % over the forecast period 2024-2032. A golf cart is a compact car that is mostly used to move golfers and their gear around a course. Golf carts, which are nowadays usually propelled by electricity, are small vehicles that can maneuver across the uneven surfaces and small paths of a golf course with ease. They carry passengers and a level platform for holding golf bags at the back. They are also utilized for several other things, such as airport transportation and transportation in gated communities, resorts, and industrial sites. Moreover, with a growing emphasis on sustainability, some golf cart manufacturers are exploring eco-friendly materials and manufacturing processes. Additionally, there is an increased focus on designing carts that are more energy-efficient and produce fewer emissions. Furthermore, there is growing interest in autonomous or self-driving golf carts. These vehicles have the potential to revolutionize the golfing experience by providing fully automated transportation around the course, allowing players to focus more on their game. Thus, these trends contribute to the growth of the Global Golf Cart Market.

Urbanization and increasing congestion are driving significant demand for the Global Golf Cart Market. As urban areas become more densely populated, traditional modes of transportation face challenges such as traffic congestion and limited parking space. Therefore, golf carts are emerging as practical solutions for short-distance travel within urban environments, particularly in gated communities, resorts, and large campuses. Their compact size, maneuverability, and electric power make them well-suited for navigating crowded streets and narrow pathways, reducing congestion and emissions. In addition, the emphasis on sustainability and eco-friendliness aligns with the electric-powered nature of modern golf carts, further enhancing their appeal in urban settings. Manufacturers are capitalizing on this driver by introducing innovative features and designs that cater to urban commuters' needs, such as enhanced safety features and connectivity options. Consequently, urbanization and congestion are key drivers propelling the demand for the Global Golf Cart Market. However, high initial cost for advanced golf cart and economic fluctuations & uncertainties can impact consumer spending habits and investments in leisure activities such as golf stifle market growth between 2022 and 2032.

The key regions considered for the Global Golf Cart Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the largest regional market in terms of revenue and expected to develop at the fastest rate over the forecast period. The North America Golf Cart Market is driven by several key factors such as the region's deep-rooted golfing culture, with numerous golf courses and a large population of avid golfers, fuels consistent demand for golf carts. In addition, the prevalence of golf course communities, particularly in areas with favorable climates such as Florida and California, contributes significantly to market growth as residents rely on golf carts for transportation within these communities. Furthermore, the increasing adoption of golf carts beyond traditional golfing contexts, such as in residential neighborhoods, resorts, and industrial facilities, further drive market growth. Moreover, the drive towards electric-powered golf carts is particularly prominent in North America due to a growing emphasis on environmental sustainability and reduced operating costs. Thus, these factors further help in driving demand for the Golf Cart Market.

Major market player included in this report are:

Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
CLUB CAR
HDK Electric Vehicles
Maini Corporate Pvt Ltd.
Marshell Green Power
JH Global Services, Inc.
Cruise Car Inc.
Nordic Group of Companies, Ltd.
Textron Inc.
Yamaha Motor Co., Ltd.

The detailed segments and sub-segment of the market are explained below:

By Product Type

Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart

By Application

Golf Course
Personal Service
Commercial Services

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Golf Cart Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Global Golf Cart Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Product Type
- 2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Global Golf Cart Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Global Golf Cart Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Golf Cart Market Size & Forecasts by Product Type 2022-2032

5.1. Electric Golf Cart
5.2. Gasoline Golf Cart
5.3. Solar Golf Cart

Chapter 6. Global Golf Cart Market Size & Forecasts by Application 2022-2032

6.1. Golf Course
6.2. Personal Service
6.3. Commercial Services

Chapter 7. Global Golf Cart Market Size & Forecasts by Region 2022-2032

7.1. North America Golf Cart Market
- 7.1.1. U.S. Golf Cart Market
  - 7.1.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Golf Cart Market
7.2. Europe Golf Cart Market
- 7.2.1. U.K. Golf Cart Market
- 7.2.2. Germany Golf Cart Market
- 7.2.3. France Golf Cart Market
- 7.2.4. Spain Golf Cart Market
- 7.2.5. Italy Golf Cart Market
- 7.2.6. Rest of Europe Golf Cart Market
7.3. Asia-Pacific Golf Cart Market
- 7.3.1. China Golf Cart Market
- 7.3.2. India Golf Cart Market
- 7.3.3. Japan Golf Cart Market
- 7.3.4. Australia Golf Cart Market
- 7.3.5. South Korea Golf Cart Market
- 7.3.6. Rest of Asia Pacific Golf Cart Market
7.4. Latin America Golf Cart Market
- 7.4.1. Brazil Golf Cart Market
- 7.4.2. Mexico Golf Cart Market
- 7.4.3. Rest of Latin America Golf Cart Market
7.5. Middle East & Africa Golf Cart Market
- 7.5.1. Saudi Arabia Golf Cart Market
- 7.5.2. South Africa Golf Cart Market
- 7.5.3. Rest of Middle East & Africa Golf Cart Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. CLUB CAR
- 8.3.3. HDK Electric Vehicles
- 8.3.4. Maini Corporate Pvt Ltd.
- 8.3.5. Marshell Green Power
- 8.3.6. JH Global Services, Inc.
- 8.3.7. Cruise Car Inc.
- 8.3.8. Nordic Group of Companies, Ltd.
- 8.3.9. Textron Inc.
- 8.3.10. Yamaha Motor Co., Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Golf Cart market, report scope
TABLE 2. Global Golf Cart market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Golf Cart market estimates & forecasts by Product Type 2022-2032 (USD Billion)
TABLE 4. Global Golf Cart market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global Golf Cart market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Golf Cart market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Golf Cart market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Golf Cart market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Golf Cart market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Golf Cart market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Golf Cart market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Golf Cart market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Golf Cart market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Golf Cart market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. UK Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. UK Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. UK Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Germany Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Germany Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Germany Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. France Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. France Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. France Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. Italy Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31. Italy Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. Italy Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Spain Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 34. Spain Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. Spain Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. RoE Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 37. RoE Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38. RoE Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. China Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 40. China Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41. China Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. India Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 43. India Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44. India Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. Japan Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 46. Japan Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47. Japan Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Australia Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 49. Australia Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50. Australia Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. South Korea Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 52. South Korea Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53. South Korea Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54.
TABLE 55. RoAPAC Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 56. RoAPAC Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 57. RoAPAC Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. Brazil Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 59. Brazil Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60. Brazil Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Mexico Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 62. Mexico Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63. Mexico Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. RoLA Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 65. RoLA Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66. RoLA Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. Saudi Arabia Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Golf Cart market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. South Africa Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 71.
TABLE 72. South Africa Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 73. South Africa Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. RoMEA Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Golf Cart market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. List of secondary sources, used in the study of Global Golf Cart Market.
TABLE 78. List of primary sources, used in the study of Global Golf Cart Market.
TABLE 79. Years considered for the study.
TABLE 80. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Golf Cart market, research methodology
FIG 2. Global Golf Cart market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Golf Cart market, key trends 2023
FIG 5. Global Golf Cart market, growth prospects 2022-2032
FIG 6. Global Golf Cart market, porters 5 force model
FIG 7. Global Golf Cart market, pestel analysis
FIG 8. Global Golf Cart market, value chain analysis
FIG 9. Global Golf Cart market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Golf Cart market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Golf Cart market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Golf Cart market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Golf Cart market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Golf Cart market, regional snapshot 2022 & 2032
FIG 15. North America Golf Cart market 2022 & 2032 (USD Billion)
FIG 16. Europe Golf Cart market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Golf Cart market 2022 & 2032 (USD Billion)
FIG 18. Latin America Golf Cart market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Golf Cart market 2022 & 2032 (USD Billion)
FIG 20. Global Golf Cart market, company market share analysis (2023)