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Global Golf Cart
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014
Future Market Insights
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Report
Description
Report Description
Golf carts are usually used on country clubs and golf courses. However, they can also be
use on other locations such as resorts, hotels and retirement villages among others.
Further these carts are used in airports, shopping malls and other places to carry the
luggage within the building, for this matter, electric golf carts are preferred over other
cars due to obvious reasons such as pollution. Furthermore golf carts are used at fun and
entertainment places such Disneyland (California) and Essel World (India) among others.
Additionally, golf carts are available on rent with some security deposits and agreement
among the parties.
The market for golf carts has suffered a downfall over the past decade due to its
dependency on golf courses and number of golfers across the globe. The penetration of
golfers across the globe and high cost to establish new golf courses is the major factors
that pose challenges to the golf cart manufacturers. The companies in golf cart
manufacturing had to suffer decline in new sales due to the economic crisis, thus in order
to compensate for the same companies such as Club Car, Inc. and E-Z GO have raised
their renovation programs for the clubs which are trying to attract the gofers to their golf
courses. However, the rising disposable income and change in lifestyle of the population
across the globe are expected to raise the market. Additionally, the rising number of
sports events such as Olympics, Asian Games and Commonwealth games are expected to
raise the sales of golf carts across the globe.
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Report
Description
Report Description
Golf cart market is divided into three segments, namely, electric golf cart, gas powered
golf cart and diesel powered golf cart. Diesel and gasoline powered golf carts can further
be segmented on the basis of motors used in the carts. The most preferred golf cart is
electric golf cart, due to the fact that electric cars are produced in high quantity for the
use in golf courses. Moreover, the gasoline and diesel powered golf carts are produced in
small volumes due to the rise in fuel prices, demand for environment friendly vehicles,
noise pollution and regulations related to emission. Further, this trend is expected to
continue over the coming years as the electric cars are capable of achieving less distance
and usage time as compared to gasoline and diesel cars.
Geographically golf cart market is segmented under four regions, namely, North America,
Europe, Asia-Pacific and Rest of the World. Owing to the fact that North America holds
the leading number of golf course in the World, it has become the major market of the
golf cart manufacturers. Moreover, the U.S. holds the most number of golf courses
among other countries across the globe. Further, fun and entertainment places in North
American countries such as California and United States are expected to use golf carts
extensively over the coming years.
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Georgia headquarters world’s three leading manufacturers of golf carts. The leading
players in golf cart market are Ingersoll Rand, Inc., Club Car, Inc., Yamaha Golf Car
Company, Evergreen Electric Vehicles, Tesla Motors, Inc., Cushman, HDK Electric Vehicles,
E-Z-GO, Sanyo, Hitachi and E-Way among others.
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