North America Golf Cart Market Forecast 2024-2032
The North America golf cart market is projected to record a CAGR of 5.63% across the forecasted years of 2024 to 2032. The region’s market growth is fueled by the presence of numerous resorts, hotels, parks, and recreational areas requiring golf carts for ferrying, the rising participation in golf sporting events, as well as the increasing number of golf courses.
MARKET INSIGHTS
The North America golf cart market growth evaluation entails the study of Canada and the United States. In Canada, there are more than 2,298 registered golf courses, with 230 of them privately owned, leaving the remainder under public operation. The integration of golf courses into the country’s real estate market is gaining momentum, evidenced by the 6.2% rise in residential real estate sales, totaling 486,800 transactions. This trend is particularly prominent in regions like Toronto, where golf courses are becoming increasingly sought after.
Simultaneously, the revitalization of old infrastructures across Canada presents promising opportunities for the demand and adoption of golf carts. These versatile vehicles are expected to play a crucial role in transportation within these redeveloped areas. Moreover, as major airports undergo reconstruction, there is a growing demand for golf carts to facilitate mobility within such expansive facilities. Therefore, the abovementioned factors are vital for the North America golf cart market growth during the forecast period.
COMPETITIVE INSIGHTS
Some of the top companies operating in the market are E-Z-Go (Acquired by Textron Inc), Club Car, Yamaha Golf-Car Company, 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. North America
- 8.1.1. Market Size & Estimates
- 8.1.2. North America Golf Cart Market Drivers
- 8.1.3. North America Golf Cart Market Challenges
- 8.1.4. Key Players In North America Golf Cart Market
- 8.1.5. Country Analysis
- 8.1.5.1. United States
- 8.1.5.2. Canada
- 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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