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Automotive and Transportation

Golf Cart Market by Product Type (Electric Golf Cart, Gasoline Golf Cart, and Solar Golf Cart) and Application (Golf Course, Personal Services, and Commercial Services): Global Opportunity Analysis and Industry Forecast, 2021–2028

  • ALL4621714
  • 201 Pages
  • June 2021
  • Automotive and Transportation
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Golf cart is a type of low-speed vehicle driven by electric motors, which is gas-powered or is specifically envisioned for utilization in golf courses for transportation of golfers and equipment within the course premises. It is also known as non-highway or off-road vehicle with average speed between 25 and 50 kmph.

Increase in urbanization & industrialization; shift toward mall culture; hi-tech & smart residential and commercial housing projects; and rise in utilization of golf cart vehicles in hotels, hospitality, tourism industries, and amusement parks are anticipated to boost growth of the golf cart market globally. Use of golf cart for short trips in educational institutions, such as colleges & universities and in airports are expected to propel demand for golf cart between 2021 and 2028

By region, presently North America dominates the market, followed by Europe, Asia-Pacific, and LAMEA. In North America, the U.S. dominated the global golf cart market in 2020, and is expected to maintain its dominance during the forecast period. Mexico is expected to grow at a significant rate in North America, owing to rise in preference of electric golf carts in the region.

The global golf cart market is segmented on the basis of product type and application. By product type, the market is categorized into electric golf cart, gasoline golf cart, and solar golf cart. By application, it is categorized into golf course, personal services, and commercial services. Region wise, the global golf cart market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the golf cart market include Key players identified across the value chain of this report include Garia Inc., Platinum Equity Aadvisors, LLC (Club Car), Textron Inc. (E Z GO), Yamaha Motor Co., Ltd., Showa Denko (Hitachi Chemicals), Maini Group, Nordic Group of Companies, Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd, and Xiamen Dalle New Energy automobile Co., Ltd.

KEY BENEFITS FOR STAKEHOLDERS

• This study presents analytical depiction of the golf cart market along with the current trends and future estimations to depict imminent investment pockets.

• The overall market potential is determined to understand profitable trends to enable stakeholders gain a stronger foothold in the market.

• The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.

• The current market is quantitatively analyzed from 2020 to 2028 to highlight the financial competency of the market.

• Porter’s five forces analysis illustrates potency of buyers and suppliers.

KEY MARKET SEGMENTS

By Product Type

o Electric Golf Cart

o Gasoline Golf Cart

o Solar Golf Cart

By Application

o Golf Course

o Personal Services

o Commercial Services

By Region

o North America

 U.S.

 Canada

 Mexico

o Europe

 UK

 Germany

 France

 Russia

 Rest of Europe

o Asia-Pacific

 China

 India

 Japan

 Australia

 Rest of Asia-Pacific

o LAMEA

 Latin America

 Middle East

 Africa

KEY PLAYERS

o Garia Inc.

o Platinum Equity Aadvisors, LLC (Club Car)

o Textron Inc. (E Z GO)

o Yamaha Motor Co., Ltd.

o Showa Denko (Hitachi Chemicals)

o Maini Group

o Nordic Group of Companies, Ltd.

o Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd

o Xiamen Dalle New Energy automobile Co., Ltd.

o Atul Auto Limited

CHAPTER 1:INTRODUCTION

1.1.Report description

1.2.Key benefits for stakeholders

1.3.Key market segments

1.4.Research methodology

1.4.1.Primary research

1.4.2.Secondary research

1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope

3.2.Key findings

3.2.1.Top impacting factors

3.2.2.Top investment pockets

3.2.3.Top winning strategies

3.3.Porter’s five forces analysis

3.4.Market share analysis (2020)

3.5.Vendor share analysis by application, 2020 (%)

3.6.Market dynamics

3.6.1.Drivers

3.6.1.1.Growth in population along with increase in globalization and rise in purchasing power

3.6.1.1.Stringent government rules and regulations towards vehicle emission

3.6.1.2.Increase in the number of golf courses and country clubs

3.6.1.3.Growing inclination towards solar powered golf carts

3.6.2.Restraints

3.6.2.1.High initial maintenance and purchasing cost

3.6.2.2.Low power and speed

3.6.2.3.Low overall drive range

3.6.3.Opportunities

3.6.3.1.Technological advancement for golf carts

3.6.3.2.Reduction in cost of fuel cells and batteries

3.7.Impact of COVID-19 on the market

3.7.1.Evolution of outbreaks

3.7.1.1.SARS

3.7.1.2.COVID-19

3.7.2.Micro-economic impact analysis

3.7.2.1.Consumer trend

3.7.2.2.Technology trends

3.7.2.3.Regulatory trend

3.7.3.Impact on the Golf Cart industry analysis

CHAPTER 4:GLOBAL GOLF CART MARKET, PRODUCT TYPE

4.1.Overview

4.2.Electric Golf Cart

4.2.1.Key market trends, growth factors, and opportunities

4.2.2.Market size and forecast, by region

4.2.3.Market analysis, by country

4.3.Gasoline Golf Cart

4.3.1.Key market trends, growth factors, and opportunities

4.3.2.Market size and forecast, by region

4.3.3.Market analysis, by country

4.4.Solar Golf Cart

4.4.1.Key market trends, growth factors, and opportunities

4.4.2.Market size and forecast, by region

4.4.3.Market analysis, by country

CHAPTER 5:GLOBAL GOLF CART MARKET, BY APPLICATION

5.1.Overview

5.2.Golf Course

5.2.1.Key market trends, growth factors, and opportunities

5.2.2.Market size and forecast, by region

5.2.3.Market analysis, by country

5.3.Personal Services

5.3.1.Key market trends, growth factors, and opportunities

5.3.2.Market size and forecast, by region

5.3.3.Market analysis, by country

5.4.Commercial Services

5.4.1.Key market trends, growth factors, and opportunities

5.4.2.Market size and forecast, by region

5.4.3.Market analysis, by country

CHAPTER 6:GOLF CART MARKET, BY REGION

6.1.Overview

6.2.North America

6.2.1.Key market trends, growth factors, and opportunities

6.2.2.Market size and forecast, by Product Type

6.2.3.Market size and forecast, by Application

6.2.4.Market size and forecast, by country

6.2.4.1.U.S.

6.2.4.1.2.Market size and forecast, by Product Type

6.2.4.1.3.Market size and forecast, by Application

6.2.4.2.Canada

6.2.4.2.2.Market size and forecast, by Product Type

6.2.4.2.3.Market size and forecast, by Application

6.2.4.3.Mexico

6.2.4.3.2.Market size and forecast, by Product Type

6.2.4.3.3.Market size and forecast, by Application

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities

6.3.2.Market size and forecast, by Product Type

6.3.3.Market size and forecast, by Application

6.3.4.Market size and forecast, by country

6.3.4.1.UK

6.3.4.1.2.Market size and forecast, by Product Type

6.3.4.1.3.Market size and forecast, by Application

6.3.4.2.Germany

6.3.4.2.2.Market size and forecast, by Product Type

6.3.4.2.3.Market size and forecast, by Application

6.3.4.3.France

6.3.4.3.2.Market size and forecast, by Product Type

6.3.4.3.3.Market size and forecast, by Application

6.3.4.4.Russia

6.3.4.4.2.Market size and forecast, by Product Type

6.3.4.4.3.Market size and forecast, by Application

6.3.4.5.Rest of Europe

6.3.4.5.2.Market size and forecast, by Product Type

6.3.4.5.3.Market size and forecast, by Application

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities

6.4.2.Market size and forecast, by Product Type

6.4.3.Market size and forecast, by Application

6.4.4.Market size and forecast, by country

6.4.4.1.China

6.4.4.1.2.Market size and forecast, by Product Type

6.4.4.1.3.Market size and forecast, by Application

6.4.4.2.India

6.4.4.2.2.Market size and forecast, by Product Type

6.4.4.2.3.Market size and forecast, by Application

6.4.4.3.Japan

6.4.4.3.2.Market size and forecast, by Product Type

6.4.4.3.3.Market size and forecast, by Application

6.4.4.4.Australia

6.4.4.4.2.Market size and forecast, by Product Type

6.4.4.4.3.Market size and forecast, by Application

6.4.4.5.Rest of Asia-Pacific

6.4.4.5.2.Market size and forecast, by Product Type

6.4.4.5.3.Market size and forecast, by Application

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities

6.5.2.Market size and forecast, by Product Type

6.5.3.Market size and forecast, by Application

6.5.4.Market size and forecast, by country

6.5.4.1.Latin America

6.5.4.1.2.Market size and forecast, by Product Type

6.5.4.1.3.Market size and forecast, by Application

6.5.4.2.Middle East

6.5.4.2.2.Market size and forecast, by Product Type

6.5.4.2.3.Market size and forecast, by Application

6.5.4.3.Africa

6.5.4.3.2.Market size and forecast, by Product Type

6.5.4.3.3.Market size and forecast, by Application

CHAPTER 7:COMPANY PROFILES

7.1.GARIA

7.1.1.Company overview

7.1.2.Key executives

7.1.3.Company snapshot

7.1.4.Product portfolio

7.1.5.Key strategic moves and developments

7.2.JH GLOBAL SERVICES, INC.

7.2.1.Company overview

7.2.2.Key executives

7.2.3.Company snapshot

7.2.4.Product portfolio

7.3.MAINI GROUP

7.3.1.Company overview

7.3.2.Key executives

7.3.3.Company snapshot

7.3.4.Product portfolio

7.3.5.Key strategic moves and developments

7.4.NORDIC GROUP OF COMPANIES, LTD.

7.4.1.Company overview

7.4.2.Key executives

7.4.3.Company snapshot

7.4.4.Product portfolio

7.4.5.Key strategic moves and developments

7.5.PLATINUM EQUITY AADVISORS, LLC

7.5.1.Company overview

7.5.2.Key executives

7.5.3.Company snapshot

7.5.4.Product portfolio

7.5.5.Key strategic moves and developments

7.6.SHOWA DENKO K.K.

7.6.1.Company overview

7.6.2.Key executives

7.6.3.Company snapshot

7.6.4.Operating business segments

7.6.5.Product portfolio

7.6.6.R&D expenditure

7.6.7.Business performance

7.6.8.Key strategic moves and developments

7.7.SUZHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD

7.7.1.Company overview

7.7.2.Key executives

7.7.3.Company snapshot

7.7.5.Product portfolio

7.8.TEXTRON INC.

7.8.1.Company overview

7.8.2.Key executives

7.8.3.Company snapshot

7.8.4.Operating business segments

7.8.5.Product portfolio

7.8.6.R&D expenditure

7.8.7.Business performance

7.8.8.Key strategic moves and developments

7.9.XIAMEN DALLE AUTOMOTIVE CO., LTD.

7.9.1.Company overview

7.9.2.Key executives

7.9.3.Company snapshot

7.9.4.Product portfolio

7.10.YAMAHA MOTOR CO., LTD.

7.10.1.Company overview

7.10.2.Key executives

7.10.3.Company snapshot

7.10.4.Operating business segments

7.10.5.Product portfolio

7.10.6.R&D expenditure

7.10.7.Business performance

7.10.8.Key strategic moves and developments

LIST OF TABLES

TABLE 01.VENDORS SHARE ANALYSIS BY APPLICATION, 2020 (%)

TABLE 02.GOLF CART MARKET, BY PRODUCT TYPE, 2020-2028 ($MILLION)

TABLE 03.GOLF CART MARKET FOR ELECTRIC GOLF CART, BY REGION 2020-2028 ($MILLION)

TABLE 04.GOLF CART MARKET FOR GASOLINE GOLF CART, BY REGION 2020-2028 ($MILLION)

TABLE 05.GOLF CART MARKET FOR ELECTRIC GOLF CART, BY REGION 2020-2028 ($MILLION)

TABLE 06.GOLF CART MARKET, BY APPLICATION, 2020-2028 ($MILLION)

TABLE 07.GOLF CART MARKET FOR GOLF COURSE, BY REGION 2020-2028 ($MILLION)

TABLE 08.GOLF CART MARKET FOR PERSONAL SERVICES, BY REGION 2020-2028 ($MILLION)

TABLE 09.GOLF CART MARKET FOR COMMERCIAL SERVICES, BY REGION 2020-2028 ($MILLION)

TABLE 10.GOLF CART MARKET, BY REGION 2020–2028 ($MILLION)

TABLE 11.NORTH AMERICA GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 12.NORTH AMERICA GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 13.U.S. GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 14.U.S. GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 15.CANADA GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 16.CANADA GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 17.MEXICO GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 18.MEXICO GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 19.EUROPE GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 20.EUROPE GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 21.UK GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 22.UK GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 23.GERMANY GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 24.GERMANY GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 25.FRANCE GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 26.FRANCE GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 27.RUSSIA GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 28.RUSSIA GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 29.REST OF EUROPE GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 30.REST OF EUROPE GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 31.ASIA-PACIFIC GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 32.ASIA-PACIFIC GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 33.CHINA GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 34.CHINA GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 35.INDIA GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 36.INDIA GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 37.JAPAN GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 38.JAPAN GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 39.AUSTRALIA GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 40.AUSTRALIA GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 41.REST OF ASIA-PACIFIC GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 42.REST OF ASIA-PACIFIC GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 43.LAMEA GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 44.LAMEA GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 45.LATIN AMERICA GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 46.LATIN AMERICA GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 47.MIDDLE EAST GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 48.MIDDLE EAST GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 49.AFRICA GOLF CART MARKET, BY PRODUCT TYPE, 2020–2028 ($MILLION)

TABLE 50.AFRICA GOLF CART MARKET, BY APPLICATION, 2020–2028 ($MILLION)

TABLE 51.GARIA: KEY EXECUTIVES

TABLE 52.GARIA: COMPANY SNAPSHOT

TABLE 53.GARIA: PRODUCT PORTFOLIO

TABLE 54.JH GLOBAL SERVICES, INC.: KEY EXECUTIVES

TABLE 55.JH GLOBAL SERVICES, INC.: COMPANY SNAPSHOT

TABLE 56.JH GLOBAL SERVICES, INC.: PRODUCT PORTFOLIO

TABLE 57.MAINI GROUP: KEY EXECUTIVES

TABLE 58.MAINI GROUP: COMPANY SNAPSHOT

TABLE 59.MAINI GROUP: PRODUCT PORTFOLIO

TABLE 60.NORDIC GROUP OF COMPANIES, LTD.: KEY EXECUTIVES

TABLE 61.NORDIC GROUP OF COMPANIES, LTD.: COMPANY SNAPSHOT

TABLE 62.NORDIC GROUP OF COMPANIES, LTD.: PRODUCT PORTFOLIO

TABLE 63.NORDIC GROUP OF COMPANIES, LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS

TABLE 64.PLATINUM EQUITY AADVISORS, LLC: KEY EXECUTIVES

TABLE 65.PLATINUM EQUITY AADVISORS, LLC: COMPANY SNAPSHOT

TABLE 66.PLATINUM EQUITY AADVISORS, LLC: PRODUCT PORTFOLIO

TABLE 67.PLATINUM EQUITY AADVISORS, LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS

TABLE 68.SHOWA DENKO K.K.: KEY EXECUTIVES

TABLE 69.SHOWA DENKO K.K.: COMPANY SNAPSHOT

TABLE 70.SHOWA DENKO K.K.: OPERATING SEGMENTS

TABLE 71.SHOWA DENKO K.K.: PRODUCT PORTFOLIO

TABLE 72.SHOWA DENKO K.K.: R&D EXPENDITURE, 2018–2020 ($MILLION)

TABLE 73.SHOWA DENKO K.K.: NET SALES, 2018–2020 ($MILLION)

TABLE 74.SUZUHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD: KEY EXECUTIVES

TABLE 75.SUZUHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD: COMPANY SNAPSHOT

TABLE 76.SUZUHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD: PRODUCT PORTFOLIO

TABLE 77.TEXTRON INC.: KEY EXECUTIVES

TABLE 78.TEXTRON INC.: COMPANY SNAPSHOT

TABLE 79.TEXTRON INC.: OPERATING SEGMENTS

TABLE 80.TEXTRON INC.: PRODUCT PORTFOLIO

TABLE 81.TEXTRON INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)

TABLE 82.TEXTRON INC.: NET SALES, 2018–2020 ($MILLION)

TABLE 83.TEXTRON INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS

TABLE 84.XIAMEN DALLE NEW ENERGY AUTOMOBILE CO., LTD.: KEY EXECUTIVE

TABLE 85.XIAMEN DALLE NEW ENERGY AUTOMOBILE CO., LTD.: COMPANY SNAPSHOT

TABLE 86.XIAMEN DALLE NEW ENERGY AUTOMOBILE CO., LTD.: PRODUCT PORTFOLIO

TABLE 87.YAMAHA MOTOR CO., LTD.: KEY EXECUTIVES

TABLE 88.YAMAHA MOTOR CO., LTD.: COMPANY SNAPSHOT

TABLE 89.YAMAHA MOTOR CO., LTD.: OPERATING SEGMENTS

TABLE 90.YAMAHA MOTOR CO., LTD.: PRODUCT PORTFOLIO

TABLE 91.YAMAHA MOTOR CO., LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)

TABLE 92.YAMAHA MOTOR CO., LTD.: NET SALES, 2018–2020 ($MILLION)

TABLE 93.YAMAHA MOTOR CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS

 
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