North America Golf Cart Market Forecast 2024-2032

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

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