According to a recent report published by KD Market Insights, titled, ” America Golf Cart Market by Passenger Capacity, Type, Fuel Type, Application, And Capacity: Opportunity Analysis and Industry Forecast, 2019-2026,” the America golf cart market size was valued at $1,191.0 million in 2018, and is projected to reach at $1,627.6 million by 2026, growing at a CAGR of 3.9% from 2019 to 2026.
A golf cart is electric powered or gas-powered low speed vehicle and it is originally manufactured for the usage in the golf course. Golf cart is very light weight and compact in size. The features such as availability of radio, windshield, rear seat, and others make it popular across various areas including stadiums, golf course, hotels, and others. At present, golf carts are categorized as electric golf cart, gasoline golf cart, and solar golf cart, based on technology. This ensures flexibility in terms of usage of different type of golf cart as per the availability. The report also covers the golf cart market based on application. The market is categorized as golf course, personal services, and commercial services, covers the market size as per the usage of golf cart.
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The America golf cart market is driven by growth in population coupled with rise in purchasing power, stringent government rules and regulations toward vehicle emission, and increase in the number of golf courses and country clubs. However, high initial maintenance and purchasing cost, low power & speed, and low overall drive range are the factors that restrict the market growth. Moreover, technological advancement for golf carts and reduction in cost of fuel cells and batteries creates lucrative growth opportunities for the market.
The global America golf cart market is segmented based on passenger capacity, type, fuel type, application, capacity, and region. Based on passenger capacity, the market is divided into two passengers, four passengers, six passengers, and eight and more passengers.
Based on type, it is categorized into open and enclosed. Based on fuel type, it is bifurcated into gasoline and electric. Golf course, personal service, and commercial services are the applications of the golf cart studied under the scope of the study. However, the commercial services segment is further segmented into applications such as resorts, rental shuttle or taxi, universities, airports, hospitals, entertainment amusement parks, convention centers, sports stadiums, and zoo. Based on region, the market is analyzed across America.
Key players operating in the 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.
KEY BENEFITS FOR STAKEHOLDERS
– This study comprises analytical depiction of the America golf cart market with current trends and future estimations to depict the imminent investment pockets.
– The overall market potential is determined to understand the profitable trends to gain a stronger coverage in the market.
– The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
– The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
– Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Passenger Capacity
– Two Passengers
– Four Passengers
– Six Passengers
– Eight and More Passengers
By Fuel Type
– Golf Course
– Personal Service
– Commercial Services
– – – Resorts
– – – Rental Shuttle or Taxi
– – – Universities
– – – Airports
– – – Hospitals
– – – Entertainment Amusement Parks
– – – Convention Centers
– – – Sports Stadiums
– – – Zoos
– Rest of America
KEY MARKET PLAYERS PROFILED
– Club Car (Ingersoll-Rand plc,)
– 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
– Bintelli Electric Vehicles
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Table of Content
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. PORTER’S FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS (2018)
3.5. MARKET DYNAMICS
188.8.131.52. Growth in population coupled with rise in purchasing power
184.108.40.206. Stringent government rules and regulations towards vehicle emission
220.127.116.11. Increase in the number of golf courses and country clubs
18.104.22.168. High initial maintenance and purchasing cost
22.214.171.124. Low power and speed
126.96.36.199. Low overall drive range
188.8.131.52. Technological advancement for golf carts
184.108.40.206. Reduction in cost of fuel cells and batteries
CHAPTER 4: AMERICA GOLF CART MARKET, BY PASSENGER CAPACITY
4.2. TWO PASSENGERS
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by country
4.2.3. Market analysis by country
4.3. FOUR PASSENGERS
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by country
4.3.3. Market analysis by country
4.4. SIX PASSENGERS
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by country
4.4.3. Market analysis by country
4.5. EIGHT AND MORE PASSENGERS
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by country
4.5.3. Market analysis by country
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