NEWARK, Del, July 18 2022 (GLOBE NEWSWIRE) — In the latest report on the global golf cart market, Future Market Insights (FMI), an ESOMAR-certified market research and advisory firm, offers an overview of key factors affecting the trajectory of the market. in the midst of COVID-19. This edition is intended to update stakeholders on key developments in the golf cart market. It also offers recommendations on how to respond to this change. To this end, key industry parameters have been extensively discussed and their impact on golf cart sales analyzed.
The popularity of golf carts is increasing every day due to changing lifestyles and the growing inclination towards sustainable energy solutions, one of the major growth factors. While increasing attendance of golf activities remains a primary growth driver, the golf cart market is not limited to the same but has penetrated other sectors such as hotels, wedding events, amusement parks , tourist sites, airports, stadiums, security and patrols, and freight transport.
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Key points to remember
- The global golf cart market is expected to grow as commercial vehicles find more and more applications other than golf course use.
- With the development of the leisure and tourism industry and due to emerging trends such as electrification, the demand for golf carts is expected to swell tremendously.
- The consumer inclination towards sustainable alternatives will create attractive opportunities for solar powered golf cart sales, framing positive growth prospects for the market.
- Golf carts are mainly used in golf courses, but with the increase in urban spaces and the customization of their design, the demand from other industries is also expected to increase.
- Golf carts are used as utility vehicles and mobility tools in small communities, apartments and college campuses, at the train station for moving cars and for other purposes.
- With the availability of alternative modes of transportation, golf carts are seen as a flexible tool that has helped improve mobility in urban spaces.
- The United States is expected to remain one of the most lucrative markets for golf cart sales. The presence of several prominent players such as Club Car, LLC, Yamaha Golf-Car Company, EZ-GO and others will drive the growth in the United States.
Club Car, LLC, Yamaha Golf-Car Company, EZ-GO, EverGreen Electrical Vehicles, Columbia ParCar Corp, Hitachi Chemical Co., Ltd.), Xiamen Dalle Electric Car Co., Ltd. Company, Maini Material Movement Pvt. Ltd, Garia Luxury Golf Car., Cruise Car, Inc., Toyota Motor Corporation, Polaris Inc, Solorider, GDRIVE Golf Cart, Carrieall Car Pvt Ltd, Volmac Engineering Pvt Ltd are some of the major companies profiled in the full version of the report . .
Companies operating in the golf cart market are focusing on capacity expansion through product launches. In addition to this, they introduce cutting-edge technologies to gain a competitive advantage.
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More insights into the golf cart market
According to IMF analysis, the United States is expected to remain one of the most lucrative markets for golf cart sales. The presence of several prominent players such as Club Car, LLC, Yamaha Golf-Car Company, EZ-GO and others will drive the growth in the United States.
Remarkable growth recorded in construction activities and infrastructure development in UK is estimated to boost the golf cart market. The growth of the British automotive industry is responsible for accelerating sales of electric golf carts.
Europe leads the world in new construction investment share thanks to an extensive rail network, which will create significant sales opportunities in the years to come
Population growth and technological advancements in China, along with increasing globalization, are the major factors contributing to the growth of the market.
India has emerged as one of the most lucrative markets for golf carts. The ‘Make in India’ campaign is likely to create an enabling environment for the manufacture of golf carts. The advent of lithium-ion batteries and lithium-polymer batteries should bode well for the market.
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Global Golf Cart Market by Category
type of product
- push-pull golf cart
- Gas-powered golf cart
- Electric golf cart
- Solar Powered Golf Cart
- Golf course
- Personal use
- Industrial use
- North America
- Latin America
- East Asia
- South Asia and the Pacific
- Middle East and Africa
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About FMI – Automotive Industry
FMI’s automotive segment offers distinct and accurate analysis of the materials industry. This elaborate coverage spans from revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, trends, and price analysis. Our research studies serve as a benchmark for market guidelines for industrial manufacturer channel partners and government agencies
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Key Market Trends
3.1. Key trends impacting the market
3.2. Product Innovation / Development Trends
4. Key success factors
4.1. Product Adoption / Usage Analysis
4.2. USP/Product Features
4.3. Strategic promotional strategies
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For more Source @ https://www.accesswire.com/636738/Demand-for-Pollution-Free-Vehicles-in-Golf-Cart-Market-Generates-Opportunities-for-Electric-Vehicle-Offerings-FMI-Report
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