Product Code: A01769
The Golf Cart Market is expected to experience a significant growth rate of 6.5% from 2023-2032 owing to increasing adoption of golf cart across the globe - Allied Market Research
There has been an increase in the global population and presently, global population in 2020 crossed 7.8 billion. Every year, the global population grows approximately by 43 million. This boom in population creates many opportunities for many businesses and is also applicable for the global golf cart market. This is attributed to rise in demand for compact and maneuverable vehicles that occupy small parking space. Globalization on the other hand helps organizations develop international influence and this influence has helped change outlook of different regions. Globalization has helped people to vouch for a different and better lifestyle, it has encouraged people to spend more and get best service possible. This drives the growth of the global golf cart market.
The scope of the report discusses potential opportunities for market players to enter the golf cart market. The report also provides in-depth market analysis of the market, outlining current trends, key driving factors, and potential areas for product investments.
The golf cart market is analyzed on the basis of four regions-North America (U.S., Canada and Mexico), Europe (UK, Germany, France, Russia and Rest of Europe), Asia-Pacific (China, India, Japan, Australia and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa). Furthermore, the report highlights competitive landscape of key market players to increase their market shares and sustain the intense competition in the industry.
The key players analyzed in the golf cart market include Club Car, Cruise Car Inc., JH Global Services, Inc., Marshell Green Power, HDK Electric Vehicles, Nordic Group of Companies, Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd, Textron Inc., Yamaha Motor Co., Ltd., and Xiamen Dalle New Energy Automobile Co., Ltd. whose continuous developments and strategic innovations have created ample opportunities for the growth of the market across the globe and a detailed analysis of these companies have been considered in this research study.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the golf cart market analysis from 2022 to 2032 to identify the prevailing golf cart market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the golf cart market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global golf cart market trends, key players, market segments, application areas, and market growth strategies.
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- Brands Share Analysis
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Key Market Segments
By Product type
- Electric Golf Cart
- Gasoline Golf Cart
- Solar Golf Cart
By Application
- Golf Course
- Personal Service
- Commercial Services
By Region
- North America
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Nordic Group of Companies, Ltd.
- Cruise Car Inc.
- Yamaha Motor Co., Ltd.,
- CLUB CAR
- HDK Electric Vehicles
- Textron Inc.
- JH Global Services, Inc.
- Marshell Green Power
- Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
- Maini Corporate Pvt Ltd.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Growth in population along with increase in globalization and rise in purchasing power
- 3.4.1.2. Stringent government rules and regulations toward vehicle emissions
- 3.4.1.3. Increase in the number of golf courses and country clubs
- 3.4.1.4. Growth in inclination toward solar powered golf carts
- 3.4.2. Restraints
- 3.4.2.1. High initial maintenance and purchasing cost
- 3.4.2.2. Low power and speed
- 3.4.2.3. Low overall drive range
- 3.4.3. Opportunities
- 3.4.3.1. Technological advancements in golf carts
- 3.4.3.2. Reduction in cost of fuel cells and batteries
CHAPTER 4: GOLF CART MARKET, BY PRODUCT TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Electric Golf Cart
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Gasoline Golf Cart
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Solar Golf Cart
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: GOLF CART MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Golf Course
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Personal Service
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Commercial Services
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: GOLF CART MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Product type
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Product type
- 6.2.4.1.2. Market size and forecast, by Application
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Product type
- 6.2.4.2.2. Market size and forecast, by Application
- 6.2.4.3. Mexico
- 6.2.4.3.1. Market size and forecast, by Product type
- 6.2.4.3.2. Market size and forecast, by Application
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Product type
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. UK
- 6.3.4.1.1. Market size and forecast, by Product type
- 6.3.4.1.2. Market size and forecast, by Application
- 6.3.4.2. Germany
- 6.3.4.2.1. Market size and forecast, by Product type
- 6.3.4.2.2. Market size and forecast, by Application
- 6.3.4.3. France
- 6.3.4.3.1. Market size and forecast, by Product type
- 6.3.4.3.2. Market size and forecast, by Application
- 6.3.4.4. Russia
- 6.3.4.4.1. Market size and forecast, by Product type
- 6.3.4.4.2. Market size and forecast, by Application
- 6.3.4.5. Rest of Europe
- 6.3.4.5.1. Market size and forecast, by Product type
- 6.3.4.5.2. Market size and forecast, by Application
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Product type
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by Product type
- 6.4.4.1.2. Market size and forecast, by Application
- 6.4.4.2. India
- 6.4.4.2.1. Market size and forecast, by Product type
- 6.4.4.2.2. Market size and forecast, by Application
- 6.4.4.3. Japan
- 6.4.4.3.1. Market size and forecast, by Product type
- 6.4.4.3.2. Market size and forecast, by Application
- 6.4.4.4. Australia
- 6.4.4.4.1. Market size and forecast, by Product type
- 6.4.4.4.2. Market size and forecast, by Application
- 6.4.4.5. Rest of Asia-Pacific
- 6.4.4.5.1. Market size and forecast, by Product type
- 6.4.4.5.2. Market size and forecast, by Application
- 6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Product type
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Latin America
- 6.5.4.1.1. Market size and forecast, by Product type
- 6.5.4.1.2. Market size and forecast, by Application
- 6.5.4.2. Middle East
- 6.5.4.2.1. Market size and forecast, by Product type
- 6.5.4.2.2. Market size and forecast, by Application
- 6.5.4.3. Africa
- 6.5.4.3.1. Market size and forecast, by Product type
- 6.5.4.3.2. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product mapping of top 10 player
- 7.4. Competitive dashboard
- 7.5. Competitive heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. JH Global Services, Inc.
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Key strategic moves and developments
- 8.2. Maini Corporate Pvt Ltd.
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.3. Nordic Group of Companies, Ltd.
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Key strategic moves and developments
- 8.4. Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.5. Textron Inc.
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
- 8.6. Yamaha Motor Co., Ltd.,
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
- 8.7. CLUB CAR
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Key strategic moves and developments
- 8.8. Cruise Car Inc.
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.9. HDK Electric Vehicles
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.10. Marshell Green Power
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio