The Golf Cart Global Market Report 2023, provides comprehensive information on the golf cart market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Golf Cart Global Market Report 2023, the global golf carts market size is expected to grow from $1.54 billion in 2022 to $1.64 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global golf carts market size is expected to reach $2.04 billion in 2027 at a CAGR of 5.6%.
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Technological advancements are a key trend gaining popularity in the golf cart market. Major companies operating in the golf cart market are developing innovative technologies to sustain their position in the market. For instance, in November 2022, Neuron Energy Pvt Ltd, an India-based provider of Electric Vehicle solutions, debuted the Adler line of electric golf carts., The newest endeavour will use its new product to meet the demand for personal travel, freight, leisure, and medical help. The lithium-ion batteries from Neuron, which have a GPRS tracker and remote help, will power the golf carts where GPRS vehicle tracking system function independently conjunction with a GPS system which records the location data and transmits that data to the internet.
The golf cart market is segmented:
1) By Product Type: Push-Pull Golf Cart, Gasoline Golf Cart, Electric Golf Cart, Solar Powered Golf Cart
2) By Operation: Manual, Powered
3) By Ownership: Rented, Fully Owned
4) By Application: Golf Courses, Personal Use, Industry Use, Other Applications
North America was the largest region in the golf cart market in 2022.
The table of contents in TBRC’s golf cart market report includes:
1. Executive Summary
2. Golf Cart Market Characteristics
3. Golf Cart Market Trends And Strategies
4. Golf Cart Market – Macro Economic Scenario
5. Golf Cart Market Size And Growth
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26. Africa Golf Cart Market
27. Golf Cart Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Golf Cart Market
29. Golf Cart Market Future Outlook and Potential Analysis
30. Appendix
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