Vietnam Golf Cart Market Forecast 2022-2028

The Vietnam golf cart market is estimated to progress with a CAGR of 7.28% across the forecasting period. The base year considered for the market studied is 2021 and the forecast years are from 2022 to 2028. The market growth of the country is mainly attributable to the rise in golf tourism, in addition to the increasing number of golf players.

MARKET INSIGHTS

Foreign investors have been returning to golf course projects in Vietnam over recent years, with Korean investors deemed the most active. Moreover, as per the Vietnam National Administration of Tourism, Vietnam's major golf tourism market is concentrated in South Korea.

For instance, in early 2022, MDA E&C Ltd, a 100% Korean-owned corporation that specializes in civil engineering as well as construction, proposed the green light for a golf course and an eco-resort project named Glory in the northern province of Thai Nguyen, Pho Yen town. Likewise, in March 2022, D&N Group disclosed its intention to invest nearly VND6,000 billion or $258 million in a 600-hectare urban resort and golf course complex project in central Vietnam, within Ha Tinh province. Therefore, these factors are anticipated to fuel the golf cart market growth in Vietnam during the forecast period.

COMPETITIVE INSIGHTS

Some of the leading players operating in the market are: Polaris Industries Inc, Club Car, Garia, etc.

Our report offerings include:

Explore key findings of the overall market

Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions

Market Segmentation caters to a thorough assessment of key segments with their market estimations

Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share

Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.

Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.

Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 47032

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY - VIETNAM GOLF CART MARKET

2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT
2.3. COUNTRY ANALYSIS
2.4. KEY GROWTH ENABLERS
2.5. KEY CHALLENGES

3. KEY ANALYTICS

3.1. IMPACT OF COVID-19 ON VIETNAM GOLF CART MARKET
3.2. KEY MARKET TRENDS
3.3. PORTER'S FIVE FORCES ANALYSIS
- 3.3.1. BUYERS POWER
- 3.3.2. SUPPLIERS POWER
- 3.3.3. SUBSTITUTION
- 3.3.4. NEW ENTRANTS
- 3.3.5. INDUSTRY RIVALRY
3.4. OPPORTUNITY MATRIX
3.5. PESTLE ANALYSIS
- 3.5.1. POLITICAL
- 3.5.2. ECONOMICAL
- 3.5.3. SOCIAL
- 3.5.4. TECHNOLOGICAL
- 3.5.5. LEGAL
- 3.5.6. ENVIRONMENTAL

4. MARKET BY SEATING CAPACITY

4.1. ONE-TO-FOUR-SEATER
4.2. ABOVE-FIVE-SEATER

5. MARKET BY END-USER

5.1. GOLF AND RECREATION
5.2. COMMERCIAL USAGE
5.3. PERSONAL USAGE

6. MARKET BY VEHICLE TYPE

6.1. GAS GOLF CART
6.2. ELECTRIC GOLF CART
6.3. SOLAR GOLF CART

7. COMPETITIVE LANDSCAPE

7.1. KEY STRATEGIC DEVELOPMENTS
- 7.1.1. ACQUISITIONS
- 7.1.2. PRODUCT LAUNCHES
- 7.1.3. BUSINESS EXPANSIONS
7.2. COMPANY PROFILES
- 7.2.1. CLUB CAR
- 7.2.2. E-Z-GO (ACQUIRED BY TEXTRON INC)
- 7.2.3. GARIA
- 7.2.4. POLARIS INDUSTRIES INC
- 7.2.5. YAMAHA GOLF-CAR COMPANY (YAMAHA CORPORATION)

Product Code: 47032

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - VIETNAM GOLF CART
TABLE 2: VIETNAM GOLF CART MARKET, BY SEATING CAPACITY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: VIETNAM GOLF CART MARKET, BY SEATING CAPACITY, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 4: VIETNAM GOLF CART MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: VIETNAM GOLF CART MARKET, BY END-USER, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 6: VIETNAM GOLF CART MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: VIETNAM GOLF CART MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 8: LIST OF MERGERS & ACQUISITIONS
TABLE 9: LIST OF PRODUCT LAUNCHES
TABLE 10: LIST OF PARTNERSHIPS
TABLE 11: LIST OF DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VIETNAM GOLF CART MARKET, GROWTH POTENTIAL, BY SEATING CAPACITY, IN 2021
FIGURE 5: VIETNAM GOLF CART MARKET, BY ONE-TO-FOUR-SEATER, 2022-2028 (IN $ MILLION)
FIGURE 6: VIETNAM GOLF CART MARKET, BY ABOVE-FIVE-SEATER MARKET, 2022-2028 (IN $ MILLION)
FIGURE 7: VIETNAM GOLF CART MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 8: VIETNAM GOLF CART MARKET, BY GOLF AND RECREATION, 2022-2028 (IN $ MILLION)
FIGURE 9: VIETNAM GOLF CART MARKET, BY COMMERCIAL USAGE, 2022-2028 (IN $ MILLION)
FIGURE 10: VIETNAM GOLF CART MARKET, BY PERSONAL USAGE, 2022-2028 (IN $ MILLION)
FIGURE 11: VIETNAM GOLF CART MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021
FIGURE 12: VIETNAM GOLF CART MARKET, BY GAS GOLF CART, 2022-2028 (IN $ MILLION)
FIGURE 13: VIETNAM GOLF CART MARKET, BY ELECTRIC GOLF CART, 2022-2028 (IN $ MILLION)
FIGURE 14: VIETNAM GOLF CART MARKET, BY SOLAR GOLF CART, 2022-2028 (IN $ MILLION)