Golf Cart Market Overview – Future Trends and Opportunities 2027
Golf cart market witness a rise in demand across Europe as they are being considered as a cost-effective travel option. In addition to that, they also provide comfortable rides and convenience, further fueling their adoption in the region. There is also a rise in number of registered golfers in European countries like the UK, Spain, Portugal, and Ireland.
Escalating participation of youth and adults in golf activities along with the introduction of highly advanced golf carts having four-wheel drive systems could generate new growth strides in golf cart market. There is surging popularity of golf and rising disposable income in the Asia Pacific and North America regions which is supporting overall industry expansion.
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Electric golf carts are witnessing technological advancements like high power and maximum range. Huge investments in R&D by companies to create very efficient golf cart motors and batteries are fueling product demand, as is the production of gasoline powered, low-noise golf carts. Golf cart manufacturers are launching new models consisting of various features and price ranges to meet the demands of different consumers. Golf cart companies are also focusing on expanding business operations.
The travel and tourism sector is growing at a rapid pace. The number of golf courses is increasing, hence adding to golf cart market growth. Golf carts are commonly used in resorts and hotels owing to their large passenger carrying capacity, less noise, and easy maneuverability, features which are likely to boost product demand.
Speaking of which, the product demand has taken a massive leap, encouraging manufacturers to advent innovative products. Prominent golf cart manufacturers are constantly investing a huge amount in technological advancement and R&D activities, to develop a highly efficient golf cart with high power. Recently, a golf cart manufacturing company Club Car introduced its new golf cart with a 4.7 KWH lithium-ion-powered motor. The company states that this vehicle can climb on hilly areas with the help of its 375-amp motor controller.
However, the COVID-19 pandemic hampered the development of the golf cart industry. The shortage of raw materials and labor, as well as trade barriers across the world, slowed business growth in 2020. Several well-known suppliers, including Yamaha Golf-Car Company and Club Car, had to halt their production temporarily. Furthermore, the golf cart industry was disrupted by the closing of golf courses and hotels & resorts due to the imposed lockdown.
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Partial Chapter of the Table of Content
Chapter 4 Golf Cart Market Competitive Landscape,
4.1 Introduction
4.2 Company market share analysis, 2020
4.3 Competitive analysis of top golf cart manufacturers
4.3.1 Yamaha Golf-Car Company
4.3.2 Club Car
4.3.3 E-Z-GO
4.3.4 Company 4
4.3.5 Company 5
4.3.6 Company 6
4.3.7 Company 7
Chapter 5 Golf Cart Market, By Fuel Type
5.1 Key trends, by fuel type
5.2 Gas
5.2.1 Market estimates and forecast, 2017 – 2027
5.3 Electric
5.3.1 Market estimates and forecast, 2017 – 2027
5.4 Solar-powered
5.4.1 Market estimates and forecast, 2017 – 2027
Chapter 6 Golf Cart Market, By Application
6.1 Key trends, by application
6.2 Golf courses
6.2.1 Market estimates and forecast, 2017 – 2027
6.3 Commercial services
6.3.1 Golf Cart Market estimates and forecast, 2017 – 2027
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