Golf Cart Market

Market Overview:

The global golf cart market grew at a CAGR of 4% during 2014-2019. A golf cart, or golf buggy, refers to a low-speed motorized vehicle that is primarily used for the transportation of golfers and equipment within the premises of a golf course. It usually runs on a gasoline engine, solar power or electric motor and is available in a wide variety of sizes and passenger capacities. Golf carts aid in saving labor, time and minimizing the workload on caddies while offering an overall enjoyable experience to the passengers. Apart from golf courses, modified versions of these carts are also used in airports, hotels, shopping malls and other private properties.

Rapid urbanization, along with the increasing preference for golf as a luxury sport, is one of the key factors driving the growth of the market. Furthermore, a rising number of golf courses and membership-only country clubs is also providing a boost to the market growth. These clubs use golf carts for various promotional and marketing activities through advertisement boards and banners to attract a large number of customers. The development of advanced electric and solar golf carts is acting as another growth-inducing factor. In comparison to the traditionally used gasoline-based carts, these golf carts are more environment-friendly and have minimal greenhouse gas (GHG) emissions. Apart from this, the advent of golf cart rental services is also creating a positive impact on the market growth. Rented golf carts are widely being used in symposiums, tradeshows, exhibitions and other events for cost-effective internal transportation. Other factors, including the introduction of GPS-enabled golf carts and upgraded lithium batteries, along with improving standards of living of the masses, are projected to drive the market further. Looking forward, IMARC Group expects the global golf cart market to continue its moderate growth during the next five years.

Breakup by Product Type:

• Electric Golf Cart
• Gasoline Golf Cart
• Solar Golf Cart
   

Breakup by Application:

• Golf Course
• Personal Services
• Commercial Services
   

Breakup by Seating Capacity:

• Small (2-4 Seater)
• Medium (6-8 Seater)
• Large (Above 8 Seats)
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Club Car (Ingersoll Rand Inc.), E-z-go (Textron), Garia Inc, JH Global Services Inc., Maini Materials Movement Pvt. Ltd, Marshell Green Power, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Tomberlin (Columbia Vehicle Group Inc.), etc.

Key Questions Answered in This Report:

• How has the global golf cart market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What has been the impact of the COVID-19 on the global golf-cart market?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the seating capacity?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global golf cart market and who are the key players?
• What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Golf Cart Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Electric Golf Cart
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Gasoline Golf Cart
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Solar Golf Cart
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Golf Course
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Personal Services
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Commercial Services
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Seating Capacity
    8.1    Small (2-4 Seater)
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Medium (6-8 Seater)
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Large (Above 8 Seats)
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
    11.1    Overview
    11.2    Inbound Logistics
    11.3    Operations
    11.4    Outbound Logistics
    11.5    Marketing and Sales
    11.6    Service
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Indicators
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Club Car (Ingersoll Rand Inc.)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    E-z-go (Textron)
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
        14.3.3   Garia Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
        14.3.4    JH Global Services Inc
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
        14.3.5    Maini Materials Movement Pvt. Ltd.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
        14.3.6    Marshell Green Power
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
        14.3.7    Speedways Electric
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
        14.3.8    Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    TTomberlin (Columbia Vehicle Group Inc.)
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 

List of Figures

Figure 1: Global: Golf Cart Market: Major Drivers and Challenges
Figure 2: Global: Golf Cart Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Golf Cart Market: Breakup by Product Type (in %), 2019
Figure 4: Global: Golf Cart Market: Breakup by Application (in %), 2019
Figure 5: Global: Golf Cart Market: Breakup by Seating Capacity (in %), 2019
Figure 6: Global: Golf Cart Market: Breakup by Region (in %), 2019
Figure 7: Global: Golf Cart Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Golf Cart (Electric Golf Cart) Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: Global: Golf Cart (Electric Golf Cart) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: Golf Cart (Gasoline Golf Cart) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Golf Cart (Gasoline Golf Cart) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Golf Cart (Solar Golf Cart) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Golf Cart (Solar Golf Cart) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Golf Cart (Personal Services) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Golf Cart (Personal Services) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Golf Cart (Commercial Services) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Golf Cart (Commercial Services) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Golf Cart (Small - 2-4 Seater) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Golf Cart (Small - 2-4 Seater) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Golf Cart (Medium - 6-8 Seater) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Golf Cart (Medium - 6-8 Seater) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Golf Cart (Large - Above 8 Seats) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Golf Cart (Large - Above 8 Seats) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: North America: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: North America: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: United States: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: United States: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Canada: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Canada: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Asia Pacific: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Asia Pacific: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: China: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: China: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Japan: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Japan: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: India: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: India: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: South Korea: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: South Korea: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Australia: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Australia: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Indonesia: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Indonesia: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Others: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Others: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Europe: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Europe: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Germany: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Germany: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: France: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: France: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: United Kingdom: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: United Kingdom: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Italy: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Italy: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Spain: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Spain: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Russia: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Russia: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Others: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Others: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Latin America: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Latin America: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Brazil: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Brazil: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Mexico: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Mexico: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Others: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Others: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Middle East and Africa: Golf Cart Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Middle East and Africa: Golf Cart Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Global: Golf Cart Industry: SWOT Analysis
Figure 73: Global: Golf Cart Industry: Value Chain Analysis
Figure 74: Global: Golf Cart Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Golf Cart Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Golf Cart Market Forecast: Breakup by Product Type (in Million US$), 2020-2025
Table 3: Global: Golf Cart Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 4: Global: Golf Cart Market Forecast: Breakup by Seating Capacity (in Million US$), 2020-2025
Table 5: Global: Golf Cart Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Golf Cart Market: Competitive Structure
Table 7: Global: Golf Cart Market: Key Players