Germany Golf Cart Market Forecast 2024-2032
The Germany golf cart market is set to rise with a CAGR of 5.95% during the forecasting years. The base year considered for the studied market is 2023, and the projection period is from 2024 to 2032.
MARKET INSIGHTS
Germany is the second-largest market for golf equipment in Europe, with a growing number of registered golfers and over 1,000 courses and 730 facilities. Notably, there are more than 220,000 adult female golfers in Germany, the highest rate in Europe, highlighting a key market segment. The country also maintains a substantial number of junior golfers.
Additionally, Germany is witnessing significant investment in low-carbon emission vehicles. Aligning with this, electric vehicle production increased to 1 million units in 2020, in addition to a projected 5 million units by 2030. Mandates from the German Ministry of Environment require the use of renewable energy sources for recharging plug-in vehicles, further promoting sustainability efforts. These factors, in turn, are expected to augment the Germany golf cart market growth during the forecast period.
COMPETITIVE INSIGHTS
Some of the key players operating in the market are Club Car, Garia, HanseCart, E-Z-Go (Acquired by Textron Inc), 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. Country Snapshot - Germany
- 2.3. Country Analysis - Germany
- 2.4. Scope Of Study
- 2.5. Crisis Scenario Analysis
- 2.5.1. Impact Of Covid-19 On Golf Cart Market
- 2.6. Major Market Findings
- 2.6.1. Rise Of Multi-purpose Functionality Of Golf Carts
- 2.6.2. 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. Value Chain Analysis
- 4.4.1. Raw Materials
- 4.4.2. Manufacturers
- 4.4.3. Distribution
- 4.4.4. End-users
- 4.5. Key Buying Criteria
- 4.5.1. Battery Life
- 4.5.2. Performance And Speed
- 4.5.3. Ergonomics
- 4.5.4. 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. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Mergers & Acquisitions
- 8.1.2. Product Launches & Developments
- 8.1.3. Partnerships & Agreements
- 8.1.4. Business Expansions
- 8.2. Company Profiles
- 8.2.1. Club Car
- 8.2.1.1. Company Overview
- 8.2.1.2. Product List
- 8.2.1.3. Strengths & Challenges
- 8.2.2. E-z-go (Acquired By Textron Inc)
- 8.2.2.1. Company Overview
- 8.2.2.2. Product List
- 8.2.2.3. Strengths & Challenges
- 8.2.3. Garia
- 8.2.3.1. Company Overview
- 8.2.3.2. Product List
- 8.2.3.3. Strengths & Challenges
- 8.2.4. Hansecart
- 8.2.4.1. Company Overview
- 8.2.4.2. Product List
- 8.2.4.3. Strengths & Challenges
- 8.2.5. Yamaha Golf-car Company
- 8.2.5.1. Company Overview
- 8.2.5.2. Product List
- 8.2.5.3. Strengths & Challenges
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