Global Golf Cart Market 2024-2028

Description

List of Tables

The golf cart market is forecasted to grow by USD 967.31 mn during 2023-2028, accelerating at a CAGR of 5.23% during the forecast period. The report on the 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 report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing innovations in lightweight materials for golf cart, growing adoption of golf carts for zoo transportation and on city streets, and surge in number of sports tournaments.

Technavio's golf cart market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.11%
CAGR	5.23%
Incremental Value	$967.31mn

By Deployment

Electric-powered
Gasoline-powered

By End-user

Commercial use
Personal use

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the rising adoption of solar-powered golf carts as one of the prime reasons driving the golf cart market growth during the next few years. Also, advent of lithium-powered golf carts and increasing technological advancements in manufacturing of golf cart will lead to sizable demand in the market.

The report on the golf cart market covers the following areas:

Golf cart market sizing
Golf cart market forecast
Golf cart market industry analysis

The 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 Alphard Golf Inc., Axglo International Inc., Bat-Caddy LLC, Callaway Golf Co., Cargotec Corp., Cart Tek, Clicgear Industrial Design Hong Kong Ltd., Decathlon SA, Dynamic Brands, Golf Tech Golfartikelvertriebs GmbH, Kaddey, Maini Materials Movement Pvt. Ltd., Motocaddy, Nordic Group Ltd., Ram Golf, Stewart Golf, Sun Mountain Sports, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Inc., The Proactive Sports Group, and Yamaha Motor Co. Ltd.. Also, the golf cart market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR40478

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Deployment
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global golf cart market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global golf cart market 2018 - 2022 ($ million)
4.2 Deployment Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Deployment Segment 2018 - 2022 ($ million)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Deployment

6.1 Market segments
Exhibit 30: Chart on Deployment - Market share 2023-2028 (%)
Exhibit 31: Data Table on Deployment - Market share 2023-2028 (%)
6.2 Comparison by Deployment
Exhibit 32: Chart on Comparison by Deployment
Exhibit 33: Data Table on Comparison by Deployment
6.3 Electric-powered - Market size and forecast 2023-2028
Exhibit 34: Chart on Electric-powered - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Electric-powered - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Electric-powered - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Electric-powered - Year-over-year growth 2023-2028 (%)
6.4 Gasoline-powered - Market size and forecast 2023-2028
Exhibit 38: Chart on Gasoline-powered - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Gasoline-powered - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Gasoline-powered - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Gasoline-powered - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Deployment
Exhibit 42: Market opportunity by Deployment ($ million)
Exhibit 43: Data Table on Market opportunity by Deployment ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Commercial use - Market size and forecast 2023-2028
Exhibit 48: Chart on Commercial use - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Commercial use - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Commercial use - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Commercial use - Year-over-year growth 2023-2028 (%)
7.4 Personal use - Market size and forecast 2023-2028
Exhibit 52: Chart on Personal use - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Personal use - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Personal use - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Personal use - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by End-user
Exhibit 56: Market opportunity by End-user ($ million)
Exhibit 57: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Japan - Market size and forecast 2023-2028
Exhibit 87: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.10 Canada - Market size and forecast 2023-2028
Exhibit 91: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Alphard Golf Inc.
Exhibit 111: Alphard Golf Inc. - Overview
Exhibit 112: Alphard Golf Inc. - Product / Service
Exhibit 113: Alphard Golf Inc. - Key offerings
12.4 Axglo International Inc.
Exhibit 114: Axglo International Inc. - Overview
Exhibit 115: Axglo International Inc. - Product / Service
Exhibit 116: Axglo International Inc. - Key offerings
12.5 Bat-Caddy LLC
Exhibit 117: Bat-Caddy LLC - Overview
Exhibit 118: Bat-Caddy LLC - Product / Service
Exhibit 119: Bat-Caddy LLC - Key offerings
12.6 Callaway Golf Co.
Exhibit 120: Callaway Golf Co. - Overview
Exhibit 121: Callaway Golf Co. - Business segments
Exhibit 122: Callaway Golf Co. - Key offerings
Exhibit 123: Callaway Golf Co. - Segment focus
12.7 Cart Tek
Exhibit 124: Cart Tek - Overview
Exhibit 125: Cart Tek - Product / Service
Exhibit 126: Cart Tek - Key offerings
12.8 Clicgear Industrial Design Hong Kong Ltd.
Exhibit 127: Clicgear Industrial Design Hong Kong Ltd. - Overview
Exhibit 128: Clicgear Industrial Design Hong Kong Ltd. - Product / Service
Exhibit 129: Clicgear Industrial Design Hong Kong Ltd. - Key offerings
12.9 Dynamic Brands
Exhibit 130: Dynamic Brands - Overview
Exhibit 131: Dynamic Brands - Product / Service
Exhibit 132: Dynamic Brands - Key offerings
12.10 Golf Tech Golfartikelvertriebs GmbH
Exhibit 133: Golf Tech Golfartikelvertriebs GmbH - Overview
Exhibit 134: Golf Tech Golfartikelvertriebs GmbH - Product / Service
Exhibit 135: Golf Tech Golfartikelvertriebs GmbH - Key offerings
12.11 Nordic Group Ltd.
Exhibit 136: Nordic Group Ltd. - Overview
Exhibit 137: Nordic Group Ltd. - Business segments
Exhibit 138: Nordic Group Ltd. - Key offerings
Exhibit 139: Nordic Group Ltd. - Segment focus
12.12 Ram Golf
Exhibit 140: Ram Golf - Overview
Exhibit 141: Ram Golf - Key offerings
12.13 Stewart Golf
Exhibit 142: Stewart Golf - Overview
Exhibit 143: Stewart Golf - Product / Service
Exhibit 144: Stewart Golf - Key offerings
12.14 Sun Mountain Sports
Exhibit 145: Sun Mountain Sports - Overview
Exhibit 146: Sun Mountain Sports - Product / Service
Exhibit 147: Sun Mountain Sports - Key offerings
12.15 Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
Exhibit 148: Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd. - Overview
Exhibit 149: Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd. - Product / Service
Exhibit 150: Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd. - Key offerings
12.16 Textron Inc.
Exhibit 151: Textron Inc. - Overview
Exhibit 152: Textron Inc. - Business segments
Exhibit 153: Textron Inc. - Key news
Exhibit 154: Textron Inc. - Key offerings
Exhibit 155: Textron Inc. - Segment focus
12.17 The Proactive Sports Group
Exhibit 156: The Proactive Sports Group - Overview
Exhibit 157: The Proactive Sports Group - Product / Service
Exhibit 158: The Proactive Sports Group - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 159: Inclusions checklist
Exhibit 160: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 161: Currency conversion rates for US$
13.4 Research methodology
Exhibit 162: Research methodology
Exhibit 163: Validation techniques employed for market sizing
Exhibit 164: Information sources
13.5 List of abbreviations
Exhibit 165: List of abbreviations