Golf Cart Market
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Global <strong>Golf</strong> <strong>Cart</strong><br />
<strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2014 – 2020<br />
Future <strong>Market</strong> Insights<br />
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Report Description<br />
<strong>Golf</strong> carts are usually used on country clubs and golf courses. However, they can also be use on other<br />
locations such as resorts, hotels and retirement villages among others. Further these carts are used in<br />
airports, shopping malls and other places to carry the luggage within the building, for this matter, electric<br />
golf carts are preferred over other cars due to obvious reasons such as pollution. Furthermore golf carts are<br />
used at fun and entertainment places such Disneyland (California) and Essel World (India) among others.<br />
Additionally, golf carts are available on rent with some security deposits and agreement among the parties.<br />
The market for golf carts has suffered a downfall over the past decade due to its dependency on golf courses<br />
and number of golfers across the globe. The penetration of golfers across the globe and high cost to<br />
establish new golf courses is the major factors that pose challenges to the golf cart manufacturers. The<br />
companies in golf cart manufacturing had to suffer decline in new sales due to the economic crisis, thus in<br />
order to compensate for the same companies such as Club Car, Inc. and E-Z GO have raised their renovation<br />
programs for the clubs which are trying to attract the gofers to their golf courses. However, the rising<br />
disposable income and change in lifestyle of the population across the globe are expected to raise the<br />
market. Additionally, the rising number of sports events such as Olympics, Asian Games and Commonwealth<br />
games are expected to raise the sales of golf carts across the globe.<br />
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<strong>Golf</strong> cart market is divided into three segments, namely, electric golf cart, gas powered golf cart and diesel<br />
powered golf cart. Diesel and gasoline powered golf carts can further be segmented on the basis of motors<br />
used in the carts. The most preferred golf cart is electric golf cart, due to the fact that electric cars are<br />
produced in high quantity for the use in golf courses.
Report Description<br />
Moreover, the gasoline and diesel powered golf carts are produced in small volumes due to the rise in fuel<br />
prices, demand for environment friendly vehicles, noise pollution and regulations related to emission.<br />
Further, this trend is expected to continue over the coming years as the electric cars are capable of achieving<br />
less distance and usage time as compared to gasoline and diesel cars.<br />
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Geographically golf cart market is segmented under four regions, namely, North America, Europe, Asia-<br />
Pacific and Rest of the World. Owing to the fact that North America holds the leading number of golf course<br />
in the World, it has become the major market of the golf cart manufacturers. Moreover, the U.S. holds the<br />
most number of golf courses among other countries across the globe. Further, fun and entertainment places<br />
in North American countries such as California and United States are expected to use golf carts extensively<br />
over the coming years.<br />
Georgia headquarters world’s three leading manufacturers of golf carts. The leading players in golf cart<br />
market are Ingersoll Rand, Inc., Club Car, Inc., Yamaha <strong>Golf</strong> Car Company, Evergreen Electric Vehicles, Tesla<br />
Motors, Inc., Cushman, HDK Electric Vehicles, E-Z-GO, Sanyo, Hitachi and E-Way among others.<br />
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