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Global Golf Carts Market To Grow At A CAGR Of 10.16% During The Period 2017-2021

Press Release   •   Jan 31, 2017 07:19 EST has recently announced the addition of a market study “ Global Golf Cart Market 2017-2021 ”, is a comparative analysis of the global market.

About Golf Cart

The trend of using golf carts for daily commuting is growing. This is due to the fluctuating fuel prices and stringent emission regulations imposed by governments of most countries across the world. These carts are low cost, energy efficient, and mostly used for shopping and recreational purposes.

Technavios analysts forecast the global golf carts market to grow at a CAGR of 10.16% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global golf carts market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of golf carts.

The market is divided into the following segments based on geography:




Technavio's report, Global Golf Carts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Columbia ParCar

Hitachi Automotive Systems

Ingersoll Rand



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Other prominent vendors


citEcar Electric Vehicles

Dongguan Excellence Golf &

Sightseeing Car

Dynamic Brands (Bag Boy)



Sun Mountain

Market driver

Growing number of golf courses across the globe

For a full, detailed list, view our report

Market challenge

Lack of infrastructure facilities for charging golf carts

For a full, detailed list, view our report

Market trend

Technologically advanced golf carts

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.

Table Of Content

PART 01: Executive summary

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

Golf industry: Ecosystem

Golf industry across the globe

PART 05: Market landscape

Global golf cart market

Five forces analysis

PART 06: Market segmentation by product

Global golf cart market: Product segmentation by fuel type

Global gasoline golf cart market

Global electric golf cart market

PART 07: Geographical segmentation

Global golf cart market by geography

Golf cart market in the Americas

Golf cart market in EMEA

Golf cart market in APAC

PART 08: Market drivers

Growing number of golf courses across the globe

High demand for golf carts powered by lithium-ion batteries

Substantial association initiatives and sponsorship deals

Growing popularity of pro-golf tournaments

PART 09: Impact of drivers

PART 10: Market challenges

Growing interest in fantasy golf

Lack of infrastructure facilities for charging golf carts

High operational costs of golf carts

PART 11: Impact of drivers and challenges

PART 12: Market trends

Technologically advanced golf carts

Growing popularity of FootGolf

Multipurpose usage of golf carts

PART 13: Vendor landscape

Competitive scenario

PART 14: Key vendor analysis