Market Synopsis:, Golf carts are preferred for carrying passengers or less heavy items for shorter distances in shopping malls, airports, entertainment places, and hotels. The primary use of golf cart is in country clubs and golf courses by golfers to carry their equipment, kits, and clubs, encouraging smoother and more enjoyable rounds. Furthermore, golf carts are widely used in commercial places, such as exhibition centers, railway stations, theme parties, zoos, wide life sanctuaries, office- factory visits, and multi-residential complexes., Municipalities in North America, Europe, and in developed countries of Asia-Pacific have been making efforts to reduce air pollution, registered from small engines, such as those found in dirt bikes, lawnmowers, and gas-powered golf carts. The electric powered version of the golf cart, which is eco-friendly is is more preferred due to its safety, and the environmental benefits. This is because some of the municipal authorities focus on emission reduction from electric and hybrid vehicles as their engines contribute to smog and greenhouse gas emissions and higher costs than their electric equivalents., Some of the models of golf carts manufactured by the industry participants are 2/4-seater, 6-seater, 8-seater, 11-seater, and so on. The companies are offering additional features, such as charging ports, tee holders, golf ball, air scoop, refrigerator option, waste bin, and cup holders., Rise in per capita disposable income, and growing interest and activities of sports and leisure activities in North America and Europe are the factors that drive the global golf cart market. Moreover, the global market is driven by the increasing investments by hotel and resort owners and the rising purchase of golf carts by country clubs and golf courses to meet the comfort and safety requirements of the guests., Golf Cart Market Segmentation, , The global golf cart market is segmented based on propulsion type, seating capacity, application, and region. On the basis of propulsion type, the market has been segmented into electric golf cart and gasoline golf cart. On the basis of seating capacity, the market has been segmentted into small (2-4 seater), medium (6-10 seater), and large

Market Synopsis:

Golf carts are preferred for carrying passengers or less heavy items for shorter distances in shopping malls, airports, entertainment places, and hotels. The primary use of golf cart is in country clubs and golf courses by golfers to carry their equipment, kits, and clubs, encouraging smoother and more enjoyable rounds. Furthermore, golf carts are widely used in commercial places, such as exhibition centers, railway stations, theme parties, zoos, wide life sanctuaries, office- factory visits, and multi-residential complexes.

Municipalities in North America, Europe, and in developed countries of Asia-Pacific have been making efforts to reduce air pollution, registered from small engines, such as those found in dirt bikes, lawnmowers, and gas-powered golf carts. The electric powered version of the golf cart, which is eco-friendly is is more preferred due to its safety, and the environmental benefits. This is because some of the municipal authorities focus on emission reduction from electric and hybrid vehicles as their engines contribute to smog and greenhouse gas emissions and higher costs than their electric equivalents.

Some of the models of golf carts manufactured by the industry participants are 2/4-seater, 6-seater, 8-seater, 11-seater, and so on. The companies are offering additional features, such as charging ports, tee holders, golf ball, air scoop, refrigerator option, waste bin, and cup holders.

Rise in per capita disposable income, and growing interest and activities of sports and leisure activities in North America and Europe are the factors that drive the global golf cart market. Moreover, the global market is driven by the increasing investments by hotel and resort owners and the rising purchase of golf carts by country clubs and golf courses to meet the comfort and safety requirements of the guests.

Golf Cart Market Segmentation

The global golf cart market is segmented based on propulsion type, seating capacity, application, and region. On the basis of propulsion type, the market has been segmented into electric golf cart and gasoline golf cart. On the basis of seating capacity, the market has been segmentted into small (2-4 seater), medium (6-10 seater), and large (More than 10). On the basis of application, the market has been segmented into hotels & resorts, airports, railways, golf courses, multi-residential complexes, and others.

Geographically, the global golf cart market has been segmented into four major regions, namely North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a prominent market share during the forecast period, owing to the rising demand for mobility solutions for shorter distances. Furthermore, government initiatives to adopt eco-friendly counterparts or electric golf carts in golf courses and hotels & resorts are expected to raise the demand over the forecast period.

The prominent players in the global golf cart industry are Yamaha Golf-Car Company (US), STAR EV (US), Garia A/S (Denmark), Bradshaw Electric Vehicles (UK), E-Z-GO (US), Marshell Green Power (China), Spoleman OÜ (Estonia), Polaris Industries, Inc. (US), Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD. (China), Speedways Electric (India), and Autopower (India)

The Market Research Future report on the global golf cart market covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.