Increasing innovations with technology have made life more at ease and convenient. Golf carts as a means of public transport is becoming more popular and emerging as a significant part of industries for internal transportation. Today, electric golf cart has gained significant popularity. Along with the use in conventional golf courses, electric golf carts are also suitable for everyday usage.
Electric golf carts offer significant advantages over conventional gasoline or diesel driven golf carts considering the environmental concerns. The main benefits of golf cart include low maintenance, noise free and environmental friendliness and less expensive to operate. The ability to eliminate emission of greenhouse gases, ozone forming toxins and noise pollution to remain instrumental in driving the demand for electric golf cart market.
Demand for golf carts majorly come from tourist places, higher urbanization & industrialization countries and developing countries. Owing to above mentioned factors, the demand for electric golf cart is anticipated to witness significant growth thus contributing to the global electric golf market during the forecast period.
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Electric Golf Cart Market: Dynamics
With rapid urbanization and industrialization, the adoption of electric golf carts as Neighbourhood Electric Vehicles (NEVs) is increasing. Golf course has gained much popularity all over the world. Worldwide growth in the golf course projects in private clubs, golf-centric real estate developments, and golf resorts are the factors which lead to the rise in the global demand for electric golf carts. In addition, developing tourism and hospitality industry is fuelling the growth of the global electric golf cart market.
A recent trend observed in the global electric golf cart market is increasing demand for customization by end users in relation to vehicle aesthetics and seating capacity. With growing awareness regarding electric golf carts as a means of internal transportation, there is an increasing adoption of electric golf carts in various events such as expos, symposiums, tradeshows and exhibitions. Owing to this trend, most of the domestic manufacturers have expanded their service portfolio by including electric golf cart rental services too.
Electric Golf Cart Market: Regional Outlook
In Asia Pacific, countries such as India and China are expected to create significant opportunities for electric golf cart owing to growing use of golf carts at railway stations and airports. Japan is also estimated to witness steady growth in the global electric golf cart market. In developed countries such as U.S. and Canada the demand for electric golf cart is stated to be driven by growing environmental awareness and use of electric vehicles. This will drive the growth in North America. Tourism industry in GCC countries will create more demand for electric golf cart in the coming years, which in turn will drive the electric golf cart market in Middle East & Africa. In European countries such as Italy and Scotland among others are leading players of golf on the global scale. This is estimated to create healthy opportunities for the market growth in Europe.
Electric Golf Cart Market: Key Participant
Some of the key players in the global Electric Golf Cart market are:
- Textron Specialized Vehicles Inc.
- Xiamen Dalle Electric Car Co., Ltd.
- Speedways Electric
- Cruise Car, Inc.
- Golf Cart India
- National Golf Foundation
- Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
- Electric Vehicles (Thailand) Co.Ltd.
- Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD.
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The report covers exhaustive analysis on:
- Electric Golf Cart Market Segments
- Electric Golf Cart Market Dynamics
- Electric Golf Cart Market Size
- New Sales of Electric Golf Cart
- Current Trends/Issues/Challenges in the Electric Golf Cart Market
- Competition & Companies Involved in Electric Golf Cart
- New Technology for Electric Golf Cart
- Value Chain of the Electric Golf Cart Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The global Electric Golf Cart market can be segmented on the basis of application, ownership, and Type.
On the basis of application, the global Electric Golf Cart market is segmented as:
- Golf Course
- Personal Use
- Industry Use
- Rental Services
On the basis of ownership, the global Electric Golf Cart market is segmented as:
- Fully Owned
On the basis of Type, the global Electric Golf Cart market is segmented as::
- 4 Seater
- 6 Seater
- 8 Seater
- Above 8 Seater
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- Detailed overview of parent market
- Changing market dynamics in the Electric Golf Cart market
- In-depth Electric Golf Cart market segmentation
- Historical, current, and projected Electric Golf Cart market size in terms of volume and value
- Recent industry trends and developments in the global Electric Golf Cart market
- Competitive landscape
- Strategies of key players and products offered in the global Electric Golf Cart market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Electric Golf Cart market performance
- Must-have information for market players in Electric Golf Cart market to sustain and enhance their market footprint