Golf Cart Market Share, Trends, Growth, Sales, Demand, Revenue, Size, Forecast and COVID-19 Impacts to 2030

 Golf Cart Market Overview

The Global Golf Cart Market was valued at USD 3,62.3 Million during the historic forecast period and it is expected to reach a CAGR of 6.3% during the forecast period. It is expected to reach up to USD 5,590 Million during the forecast period. The rise in the expansion of the industrial sector and urban sprawl are two significant factors driving the global golf cart industry forward.

The golf cart is a compact motorized vehicle that is commonly used to transport golfers and their equipment. In retail malls, airports, hotels, and other entertainment venues, these carts are also utilized to transport lighter things. The primary purpose of these carts was to transport golfers' clubs and equipment on the golf course, but they are also widely utilized in commercial settings such as railway stations, zoos, office factories, multi-residential complexes, wildlife sanctuaries, theme parties, and exhibition centers.

The breakout of the covid 19 exacerbated the golf cart market's growth crisis. To compensate, businesses produce two-seater carts, four-seater carts, six-seater carts, eight-seater carts, and so on. Golf balls, tee holders, cup holders, waste bins, charging outlets, refrigerator choices, and an air scoop are all included in these new featured carts.

The global impact of the covid 19 pandemics is expected to have a significant impact on the global golf cart market's growth; however, factors such as increased interest in golf carts, increased per capita disposable income, and leisure and sports activities are the major key factors driving the market's growth.

Industry News

The major key players of the global golf cart market are Ingersoll Rand, Inc., Yamaha Motor Company Limited, Hitachi Chemical Co. Ltd., Textron Inc., Xiamen Dalle Electric Car Co. Ltd., Polaris Inc., Lvtong New Energy Electric Vehicle Technology Co., Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Columbia Vehicle Group Inc., and Garia A/S. In the next five years, the IMARC group is predicted to contribute to the market's moderate expansion.


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