Europe Golf Cart Market Forecast 2024-2032
The Europe golf cart market is set to rise with a CAGR of 5.56% over the forecast period of 2024 to 2032. The regional market’s growth is mainly fueled by factors such as stringent government regulations associated with vehicular emissions, in addition to the high per capita income and significant purchasing power.
MARKET INSIGHTS
The Europe golf cart market growth evaluation covers the assessment of Sweden, the Netherlands, France, Spain, the United Kingdom, Germany, Ireland, Denmark, and Rest of Europe. France, recognized as a highly developed nation with substantial purchasing power among its citizens, sees a notable demand for golf carts. Over recent years, according to the Golf Course Association Europe, France boasted more than 402,990 registered golfers, significantly contributing to the growing demand for various types of golf carts in the country.
On the other hand, Spain, with its diverse geography and varying weather conditions, is not only a popular tourist destination but also an ideal location for golfing year-round. The increasing tourism activity in Spain plays a crucial role in driving the growth of the golfing industry across the nation. Aligning with this, in Puerto Banus, Marbella, Ecocarinvest offers a diverse range of Low-Speed-Vehicles (LSV) street-legal vehicle rentals.
These vehicles cater to the unique needs of travelers, providing ample luggage storage and boasting a range of up to 40 km. Additionally, they are available in either fully electric or alternative fuel options. Therefore, tourism emerges as a significant driving force behind the rising demand for golf carts in Spain. Consequently, these factors are expected to augment the golf cart market growth in Europe in the forecast years.
COMPETITIVE INSIGHTS
Some of the major companies in the market include Yamaha Golf-Car Company, Garia, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.4.1. Impact Of Covid-19 On Golf Cart Market
- 2.5. Major Market Findings
- 2.5.1. Rise Of Multi-purpose Functionality Of Golf Carts
- 2.5.2. Growing Focus On Safety Features
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Expansion Of The Golfing Industry
- 3.1.2. Shift Towards Electric Golf Carts To Reduce Emissions
- 3.1.3. Surge In Golf Tourism
- 3.2. Key Restraints
- 3.2.1. High Cost Of Golf Membership And Carts
- 3.2.2. Legal Limitations And Regulatory Constraints Regarding Golf Carts
- 3.2.3. Availability Of Alternate Transportation Solutions
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.1.1. Rising Preference For Eco-friendly Golf Cart Options
- 4.1.2. Integration Of Smart Technology In Golf Carts
- 4.1.3. Increasing Popularity Of Rental And Shared Mobility Services
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitutions
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.4. Market Concentration Analysis
- 4.5. Value Chain Analysis
- 4.5.1. Raw Materials
- 4.5.2. Manufacturers
- 4.5.3. Distribution
- 4.5.4. End-users
- 4.6. Key Buying Criteria
- 4.6.1. Battery Life
- 4.6.2. Performance And Speed
- 4.6.3. Ergonomics
- 4.6.4. Storage Capacity
- 5. Market By Seating Capacity
- 5.1. One-to-four-seater
- 5.2. Above-five-seater
- 6. Market By Vehicle Type
- 6.1. Gas Golf Cart
- 6.2. Electric Golf Cart
- 6.3. Solar Golf Cart
- 7. Market By End-user
- 7.1. Golf And Recreation
- 7.2. Commercial Usage
- 7.3. Personal Usage
- 8. Geographical Analysis
- 8.1. Europe
- 8.1.1. Market Size & Estimates
- 8.1.2. Europe Golf Cart Market Drivers
- 8.1.3. Europe Golf Cart Market Challenges
- 8.1.4. Key Players In Europe Golf Cart Market
- 8.1.5. Country Analysis
- 8.1.5.1. United Kingdom
- 8.1.5.2. Germany
- 8.1.5.3. France
- 8.1.5.4. Spain
- 8.1.5.5. Ireland
- 8.1.5.6. Denmark
- 8.1.5.7. Netherlands
- 8.1.5.8. Sweden
- 8.1.5.9. Rest Of Europe
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Mergers & Acquisitions
- 9.1.2. Product Launches & Developments
- 9.1.3. Partnerships & Agreements
- 9.1.4. Business Expansions
- 9.2. Company Profiles
- 9.2.1. Club Car
- 9.2.1.1. Company Overview
- 9.2.1.2. Product List
- 9.2.1.3. Strengths & Challenges
- 9.2.2. Cruise Car Inc
- 9.2.2.1. Company Overview
- 9.2.2.2. Product List
- 9.2.2.3. Strengths & Challenges
- 9.2.3. Evolution Electric Vehicles
- 9.2.3.1. Company Overview
- 9.2.3.2. Product List
- 9.2.3.3. Strengths & Challenges
- 9.2.4. E-z-go (Acquired By Textron Inc)
- 9.2.4.1. Company Overview
- 9.2.4.2. Product List
- 9.2.4.3. Strengths & Challenges
- 9.2.5. Garia
- 9.2.5.1. Company Overview
- 9.2.5.2. Product List
- 9.2.5.3. Strengths & Challenges
- 9.2.6. Hawk Carts
- 9.2.6.1. Company Overview
- 9.2.6.2. Product List
- 9.2.6.3. Strengths & Challenges
- 9.2.7. Hdk Electric Vehicle
- 9.2.7.1. Company Overview
- 9.2.7.2. Product List
- 9.2.7.3. Strengths & Challenges
- 9.2.8. Karrior Electric Vehicles
- 9.2.8.1. Company Overview
- 9.2.8.2. Product List
- 9.2.8.3. Strengths & Challenges
- 9.2.9. Marshell Electric Vehicle Co Ltd
- 9.2.9.1. Company Overview
- 9.2.9.2. Product List
- 9.2.9.3. Strengths & Challenges
- 9.2.10. Star Ev Corporation
- 9.2.10.1. Company Overview
- 9.2.10.2. Product List
- 9.2.10.3. Strengths & Challenges
- 9.2.11. Thai Summit Group
- 9.2.11.1. Company Overview
- 9.2.11.2. Product List
- 9.2.11.3. Strengths & Challenges
- 9.2.12. Tomberlin Usa
- 9.2.12.1. Company Overview
- 9.2.12.2. Product List
- 9.2.12.3. Strengths & Challenges
- 9.2.13. Varley Group
- 9.2.13.1. Company Overview
- 9.2.13.2. Product List
- 9.2.13.3. Strengths & Challenges
- 9.2.14. Yamaha Golf-car Company
- 9.2.14.1. Company Overview
- 9.2.14.2. Product List
- 9.2.14.3. Strengths & Challenges
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