Global Golf Cart Market: Trends, Share, Size, Growth, Opportunity and Forecast (2020-2025) - ResearchAndMarkets.com

The "Golf Cart Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The global golf cart market grew at a CAGR of 4% during 2014-2019. Looking forward, the global golf cart market is expected to continue its moderate growth during the next five years.

Rapid urbanization, along with the increasing preference for golf as a luxury sport, is one of the key factors driving the growth of the market. Furthermore, a rising number of golf courses and membership-only country clubs is also providing a boost to the market growth. These clubs use golf carts for various promotional and marketing activities through advertisement boards and banners to attract a large number of customers.

The development of advanced electric and solar golf carts is acting as another growth-inducing factor. In comparison to the traditionally used gasoline-based carts, these golf carts are more environment-friendly and have minimal greenhouse gas (GHG) emissions. Apart from this, the advent of golf cart rental services is also creating a positive impact on the market growth. Rented golf carts are widely being used in symposiums, tradeshows, exhibitions and other events for cost-effective internal transportation.

Other factors, including the introduction of GPS-enabled golf carts and upgraded lithium batteries, along with improving standards of living of the masses, are projected to drive the market further.

The competitive landscape of the industry has also been examined with some of the key players being Club Car (Ingersoll Rand Inc.), E-z-go (Textron), Garia Inc, JH Global Services Inc., Maini Materials Movement Pvt. Ltd, Marshell Green Power, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Tomberlin (Columbia Vehicle Group Inc.), etc.

Key Questions Answered

• How has the global golf cart market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What has been the impact of the COVID-19 on the global golf-cart market?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the seating capacity?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global golf cart market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Golf Cart Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Product Type

6.1 Electric Golf Cart

6.2 Gasoline Golf Cart

6.3 Solar Golf Cart

7 Market Breakup by Application

7.1 Golf Course

7.2 Personal Services

7.3 Commercial Services

8 Market Breakup by Seating Capacity

8.1 Small (2-4 Seater)

8.2 Medium (6-8 Seater)

8.3 Large (Above 8 Seats)

9 Market Breakup by Region

9.1 North America

9.2 Asia Pacific

9.3 Europe

9.4 Latin America

9.5 Middle East and Africa

10 SWOT Analysis

10.1 Overview

10.2 Strengths

10.3 Weaknesses

10.4 Opportunities

10.5 Threats

11 Value Chain Analysis

11.1 Overview

11.2 Inbound Logistics

11.3 Operations

11.4 Outbound Logistics

11.5 Marketing and Sales

11.6 Service

12 Porters Five Forces Analysis

12.1 Overview

12.2 Bargaining Power of Buyers

12.3 Bargaining Power of Suppliers

12.4 Degree of Competition

12.5 Threat of New Entrants

12.6 Threat of Substitutes

13 Price Indicators

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

• Club Car (Ingersoll Rand Inc.)
• E-z-go (Textron)
• Garia Inc.
• JH Global Services Inc.
• Maini Materials Movement Pvt. Ltd.
• Marshell Green Power
• Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
• Tomberlin (Columbia Vehicle Group Inc.)

For more information about this report visit https://www.researchandmarkets.com/r/6acpae

View source version on businesswire.com: https://www.businesswire.com/news/home/20200825005676/en/