United States Golf Cart Market Forecast 2024-2032
The United States golf cart market is set to register a CAGR of 5.60% during the forecasting period. The base year considered for the studied market is 2023 and the projection years are from 2024 to 2032. The enduring popularity of golf, in addition to the investments in golf infrastructure and private ownership, remains a driving force behind the United States golf cart market growth.
MARKET INSIGHTS
The United States hosts major golf tournaments like the Professional Golfers’ Association of America (PGA), receiving extensive media coverage totaling 900 hours of PGA Tour golf annually. As such, the demand for golf carts continues to thrive, fueled not only by the allure of prestigious tournaments and luxurious amenities but also by the practical convenience they offer on the green. With innovation driving advancements in golf cart technology, including eco-friendly and technologically advanced models, the market is expected to record significant growth.
Furthermore, the country’s plethora of luxury hotels, national parks, and theme parks presents a considerable market for golf course amenities. Moreover, with a concentration of billionaires and high-net-worth individuals, there exists a significant potential market for personal golf cart ownership. Thus, the aforementioned factors are set to boost the market growth of the country during the forecast years.
COMPETITIVE INSIGHTS
The top firms operating in the market include Garia, Karrior Electric Vehicles, Tomberlin USA, 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 - United States
- 2.3. Country Analysis - United States
- 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. Cruise Car Inc
- 8.2.2.1. Company Overview
- 8.2.2.2. Product List
- 8.2.2.3. Strengths & Challenges
- 8.2.3. E-z-go (Acquired By Textron Inc)
- 8.2.3.1. Company Overview
- 8.2.3.2. Product List
- 8.2.3.3. Strengths & Challenges
- 8.2.4. Hdk Electric Vehicle
- 8.2.4.1. Company Overview
- 8.2.4.2. Product List
- 8.2.4.3. Strengths & Challenges
- 8.2.5. Varley Group
- 8.2.5.1. Company Overview
- 8.2.5.2. Product List
- 8.2.5.3. Strengths & Challenges
- 8.2.6. Evolution Electric Vehicles
- 8.2.6.1. Company Overview
- 8.2.6.2. Product List
- 8.2.6.3. Strengths & Challenges
- 8.2.7. Star Ev Corporation
- 8.2.7.1. Company Overview
- 8.2.7.2. Product List
- 8.2.7.3. Strengths & Challenges
- 8.2.8. Thai Summit Group
- 8.2.8.1. Company Overview
- 8.2.8.2. Product List
- 8.2.8.3. Strengths & Challenges
- 8.2.9. Yamaha Golf-car Company
- 8.2.9.1. Company Overview
- 8.2.9.2. Product List
- 8.2.9.3. Strengths & Challenges
- 8.2.10. Garia
- 8.2.10.1. Company Overview
- 8.2.10.2. Product List
- 8.2.10.3. Strengths & Challenges
- 8.2.11. Karrior Electric Vehicles
- 8.2.11.1. Company Overview
- 8.2.11.2. Product List
- 8.2.11.3. Strengths & Challenges
- 8.2.12. Tomberlin Usa
- 8.2.12.1. Company Overview
- 8.2.12.2. Product List
- 8.2.12.3. Strengths & Challenges
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