Golf Cart Market: Key Geographies that will Drive Growth

Garia AS, HDK ELECTRIC VEHICLE, JH Global Services Inc., Maini Materials Movement Pvt. Ltd., Nordic Group Ltd. are among the key vendors discussed in the research

The golf cart market will grow by $ 856.86 million, fragmented at a CAGR of almost 5.15% over the next five years. Our research report provides a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios.

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Golf Cart Market: North America to lead market growth during the forecast period

• 46% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Golf Cart Market size.
• Upcoming new golf courses will be a significant factor in driving the growth of the golf cart market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
• The golf cart market is segmented by Product (Electric-powered and Gasoline-powered), Application (Commercial use and Personal use), and Geography (North America, APAC, Europe, South America, and MEA). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

Golf Cart Market: Vendor Landscape

Some of the leading vendors in this market are Garia AS, HDK ELECTRIC VEHICLE, JH Global Services Inc., Maini Materials Movement Pvt. Ltd., Nordic Group Ltd., Platinum Equity Advisors LLC, SHOWA DENKO K.K., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Inc., and Yamaha Motor Co. Ltd.. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

Browse through some of other related market research reports for more insights:

1. Golf Tourism Market: Technavio’s Golf Tourism Market is set to grow by $ 41.04 billion, and the market will decelerate at a CAGR of over 17.83% till 2025. 
2. Golf Equipment Market: The golf equipment market will grow by $ 1.37 billion, fragmented at a CAGR of almost 2.90% over the next five years.  
3. Golf Push and Pull Cart: Technavio’s Golf Push and Pull Cart Market is set to grow by $ 112.15 million, and the market will progress at a CAGR of almost 3.59% till 2025. 
4. Global Golf Apparel, Footwear, and Accessories Market: The Global golf apparel, footwear, and accessories market is expected to grow by $ 3.27 billion, accelerating at a CAGR of almost 5% during the forecast period.
5. Golf Bags Market: Technavio has been monitoring the golf bags market and it is expected to grow by $ 122.44 million, accelerating at a CAGR of almost 3% during the forecast period.
6. Golf Cart Battery Market: Technavio has been monitoring the golf cart battery market and it is expected to grow by $ 92.65 million, accelerating at a CAGR of almost 5% during the forecast period. 

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 5.15%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 856.86 mn through 2021-2025.
    
3. What is a key factor driving this market?
   Upcoming new golf courses will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   46% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are Garia AS, HDK ELECTRIC VEHICLE, JH Global Services Inc., Maini Materials Movement Pvt. Ltd., Nordic Group Ltd., Platinum Equity Advisors LLC, SHOWA DENKO K.K., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Inc., and Yamaha Motor Co. Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Electric-powered and Gasoline-powered), Application (Commercial use and Personal use), and Geography (North America, APAC, Europe, South America, and MEA).

Market Segmentation by Product

• • Golf Cart Market Split by Product
    • Electric-powered
    • Gasoline-powered
  • Golf Cart Market Split by Application
    • Commercial use
    • Personal use
  • Golf Cart Market Split by Geography
    • North America
    • APAC
    • Europe
    • South America
    • MEA

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Garia AS
• HDK ELECTRIC VEHICLE
• JH Global Services Inc.
• Maini Materials Movement Pvt. Ltd.
• Nordic Group Ltd.
• Platinum Equity Advisors LLC
• SHOWA DENKO K.K.
• Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
• Textron Inc.
• Yamaha Motor Co. Ltd.

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