Emerging U.S. Golf Cart Market Analysis, Future Growth and 2030 Business Opportunities

PORTLAND, ORAGON, USA, Aug. 24, 2022 /EINPresswire.com/ — The U.S. golf cart market size was valued at $1,191.2 million in 2018 and is expected to reach $1,627.6 million in by 2026, with a CAGR of 3.9% from 2019 to 2026

Golf cart is a type of low-speed vehicle driven by electric motors, which is gas-powered or is specifically intended for use in golf courses for transporting golfers and equipment around course premises . It is also known as an off-road or all-terrain vehicle with an average speed of between 25 and 50 km/h.

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Major companies featured in the US golf cart market include Club Car (Ingersoll-Rand plc.), Garia, Hitachi Chemical Co., Ltd., Star EV (JH Global Services, Inc.), Columbia Vehicle Group Inc. , Evolution Electric Vehicle (HDK electric vehicles), GEM (Polaris Industries Inc.), EZ-GO (Textron Inc.), ICON Electric Vehicles, Yamaha Golf-Car Company, Smart Cart Electric Vehicles and Bintelli Electric Vehicles.

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The US golf cart industry is segmented on the basis of passenger capacity, type, fuel type, application, capacity, and region. The passenger capacity segment includes two passengers, four passengers, six passengers and eight and more passengers. Based on the type, it is divided into open and closed. Based on fuel type, the US golf cart market is segmented into gasoline and electric. Based on the application, it is categorized into golf course, personal service, and business services. Further, the commercial services segment is further segmented into applications such as resorts, shuttle or taxi rental, universities, airports, hospitals, amusement parks, convention centers, sports stadiums and zoos. Based on region, America golf cart market share is analyzed across America.

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There has been an increase in world population; and today, the world population in 2018 has exceeded 7.6 billion. Each year, the world’s population increases by approximately 43 million. This population boom has created many opportunities for many companies and this is also true for the US golf cart market. This is due to the demand for compact and maneuverable vehicles that occupy small parking spaces. Globalization, on the other hand, helps organizations to develop international influence and this influence has helped to change the perspectives of different countries and regions. Globalization has helped people to vouch for a different and better way of life; he encouraged people to spend more and get the best service possible. This is driving the growth of the US golf cart market.

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Key Benefits for the US Golf Cart Market:
This study includes an analytical description of the US Golf Cart market trends with current trends and future estimates to outline the impending investment pockets.
Global potential is determined to understand profitable trends to establish a stronger foothold.
The US Golf Carts Market analysis report presents information related to key drivers, restraints and opportunities with detailed impact analysis.
Current growth and forecasts are analyzed quantitatively from 2018 to 2026 to assess financial competence.
Porter’s five forces analysis illustrates the power of buyers and suppliers in the industry.
The study also includes the US Golf Carts market opportunity which will help the key players in the decision making.
The U.S. Golf Cart Market Forecast report highlights potential opportunities for market expansion.

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