About Golf Cart Market
Golf carts are used by golfers to carry heavy golf clubs and equipment. They are also used for daily commuting needs over short distances. Golf carts are usually gasoline-powered or electric, but recently solar-powered golf carts have also been developed. Electric golf carts have more preference among consumers. The global economic recession of 2008-2009 had a negative impact on golf, which subsequently impacted the Golf Cart and Golf Equipment market worldwide. The economic recession impacted consumer preference due to financial instability and, hence, participation in golf declined. Since the economic recession, a subtle change has been observed in consumers’ choices, and there is renewed interest in golf. Golf has become an important sport even in the emerging economies such as China and India. The inclusion of golf in the 2016 Olympics, which will be held in Brazil, is expected to positively drive the growth of the Global Golf Cart market
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TechNavio’s analysts forecast the Global Golf Cart Market to grow at a CAGR of 4.29 percent over the period 2014-2019.
Covered in this Report
Technavio report, the Global Golf Cart Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region and the EMEA region; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
• Columbia CarPar
• Ingersoll Rand
• Yamaha Golf Cars
Other Prominent Vendors
• Auto Power
• citEcar Electric Vehicles
• Dongguan Excellence Golf & Sightseeing Car
• Melex Golf Cars
• Nanning South Machine Power
• Polaris Industries
• Shenzhen Marshell Green Power
• Speedways Electric
• Suzhou Eagle Electric Vehicle Manufacturing
• Suzhou Falcon Electric Vehicle Manufacturing
• Volmac Engineering
• Zhuhai E-Way Electrical Industry
• Zhuhai Tozhiny Electronic & Technological
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