Important Factors Shaping the Golf Cart Market

Adoption of Golf Carts for Promotional Activities

Apart from their traditional use in golf course, golf carts are increasingly employed for promotional and marketing activities and short distance transportation at airports and resorts. In an attempt to attract a large number of customers, various end users are modifying golf carts to accommodate their advertisement boards and banners.

For instance, in India, manufacturers are showing interest and putting immense efforts in deploying golf carts at Chennai airport and providing free transportation to passengers and finding sponsors that are willing to publicize and endorse their amenities or products.

Increasing Application Scope of Golf Carts in Different Verticals

The use of golf carts has been gaining increasing momentum in sports events, airports, resorts, golf clubs, golf tourism, hospitals, railway stations, military bases, college campuses, and housing projects. Moreover, golf carts are safer, easy to drive, cheaper means of transport, and provide ease of operation.

Electric golf carts that offer significant environmental advantages over conventional gasoline or diesel-driven vehicles are likely to witness robust demand in the coming years. The ability to eliminate emission of greenhouse gases, ozone forming toxins, noise pollution will remain instrumental in growing demand for electric golf carts and consequently for golf cart batteries as well.

In recent years, the use of golf carts as a means public transport has been becoming popular, as they can be used as a substitute for fossil-fuelled passenger cars. Furthermore, golf carts are emerging as a significant part of industries for internal transportation. As a result, growth of the manufacturing sector, especially in developing countries, is expected to create healthy growth opportunities for manufacturers of golf carts.

Increasing Number of Golf Cart Rental Services

With uptake of car rental services globally, awareness regarding the use of golf carts as a means of internal transportation, has also witnessed an increase in various events such as expos, symposiums, tradeshows, exhibitions, and weddings. However, the use of golf carts in such events is limited to a couple of days or weeks, thereby end users are showing preference for rental services.

Event management firms are increasingly opting for golf cart rentals to meet their internal transportation needs, which is likely to complement the market growth. In order to cater to changing demand and maintain their position in the market, most of the domestic manufacturers are focusing on extending their golf cart rental services.