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Golf Carts-Global Market Insights and Sales Trends 2024
Synopsis
Golf carts are used by golfers to carry heavy golf clubs and equipment. They are also used for daily commuting needs over short distances. Golf carts are usually gasoline-powered or electric, but recently solar-powered golf carts have also been developed. Electric golf carts have more preference among consumers.
The global Golf Carts market size is expected to reach US$ 1806.9 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Golf Carts in various end use industries. The expanding demands from the Golf Courses, Tourist Attraction, Residential and Campus, are propelling Golf Carts market. Single Seat Golf Cart, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Walking Follow-up Golf Cart segment is estimated at % CAGR for the next seven-year period.
Global Golf Cart key players include Yamaha, Textron, Club Car, etc. Global top three manufacturers hold a share over 50%.
North America is the largest market, with a share about 50%, followed by Asia-Pacific, and Europe, both have a share over 40 percent.
In terms of product, Multiple Seat Golf Cart is the largest segment, with a share over 78%. And in terms of application, the largest application is Golf Courses, followed by Tourist Attraction, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Golf Carts, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Golf Carts market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Golf Carts market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Golf Carts sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Golf Carts covered in this report include Yamaha Golf Cars, Textron (E-Z-Go and Cushman), Club Car, Columbia Vehicle Group Inc, Suzhou Eagle Electric Vehicle Manufacturing, Garia Inc., Guangdong Lvtong, JH Global Services Inc and Xiamen Dalle Electric Car, etc.
The global Golf Carts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Yamaha Golf Cars
Textron (E-Z-Go and Cushman)
Club Car
Columbia Vehicle Group Inc
Suzhou Eagle Electric Vehicle Manufacturing
Garia Inc.
Guangdong Lvtong
JH Global Services Inc
Xiamen Dalle Electric Car
Marshell Green Power
American Custom Golf Cars
Bintelli Electric Vehicles
Dongguan Excellence Golf & Sightseeing Car
Speedways Electric
Global Golf Carts market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Golf Carts market, Segment by Type:
Single Seat Golf Cart
Walking Follow-up Golf Cart
Multiple Seat Golf Cart
Entertainment Type Golf Cart
Global Golf Carts market, by Application
Golf Courses
Tourist Attraction
Residential
Campus
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Golf Carts manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Golf Carts in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Golf carts are used by golfers to carry heavy golf clubs and equipment. They are also used for daily commuting needs over short distances. Golf carts are usually gasoline-powered or electric, but recently solar-powered golf carts have also been developed. Electric golf carts have more preference among consumers.
The global Golf Carts market size is expected to reach US$ 1806.9 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Golf Carts in various end use industries. The expanding demands from the Golf Courses, Tourist Attraction, Residential and Campus, are propelling Golf Carts market. Single Seat Golf Cart, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Walking Follow-up Golf Cart segment is estimated at % CAGR for the next seven-year period.
Global Golf Cart key players include Yamaha, Textron, Club Car, etc. Global top three manufacturers hold a share over 50%.
North America is the largest market, with a share about 50%, followed by Asia-Pacific, and Europe, both have a share over 40 percent.
In terms of product, Multiple Seat Golf Cart is the largest segment, with a share over 78%. And in terms of application, the largest application is Golf Courses, followed by Tourist Attraction, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Golf Carts, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Golf Carts market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Golf Carts market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Golf Carts sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Golf Carts covered in this report include Yamaha Golf Cars, Textron (E-Z-Go and Cushman), Club Car, Columbia Vehicle Group Inc, Suzhou Eagle Electric Vehicle Manufacturing, Garia Inc., Guangdong Lvtong, JH Global Services Inc and Xiamen Dalle Electric Car, etc.
The global Golf Carts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Yamaha Golf Cars
Textron (E-Z-Go and Cushman)
Club Car
Columbia Vehicle Group Inc
Suzhou Eagle Electric Vehicle Manufacturing
Garia Inc.
Guangdong Lvtong
JH Global Services Inc
Xiamen Dalle Electric Car
Marshell Green Power
American Custom Golf Cars
Bintelli Electric Vehicles
Dongguan Excellence Golf & Sightseeing Car
Speedways Electric
Global Golf Carts market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Golf Carts market, Segment by Type:
Single Seat Golf Cart
Walking Follow-up Golf Cart
Multiple Seat Golf Cart
Entertainment Type Golf Cart
Global Golf Carts market, by Application
Golf Courses
Tourist Attraction
Residential
Campus
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Golf Carts manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Golf Carts in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Golf Carts Market Overview
1.1 Golf Carts Product Overview
1.2 Golf Carts Market Segment by Type
1.2.1 Single Seat Golf Cart
1.2.2 Walking Follow-up Golf Cart
1.2.3 Multiple Seat Golf Cart
1.2.4 Entertainment Type Golf Cart
1.3 Global Golf Carts Market Size by Type
1.3.1 Global Golf Carts Market Size Overview by Type (2018-2029)
1.3.2 Global Golf Carts Historic Market Size Review by Type (2018-2023)
1.3.3 Global Golf Carts Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Golf Carts Sales Breakdown by Type (2018-2023)
1.4.2 Europe Golf Carts Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Golf Carts Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Golf Carts Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Golf Carts Sales Breakdown by Type (2018-2023)
2 Global Golf Carts Market Competition by Company
2.1 Global Top Players by Golf Carts Sales (2018-2023)
2.2 Global Top Players by Golf Carts Revenue (2018-2023)
2.3 Global Top Players by Golf Carts Price (2018-2023)
2.4 Global Top Manufacturers Golf Carts Manufacturing Base Distribution, Sales Area, Product Type
2.5 Golf Carts Market Competitive Situation and Trends
2.5.1 Golf Carts Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Golf Carts Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Golf Carts as of 2022)
2.7 Date of Key Manufacturers Enter into Golf Carts Market
2.8 Key Manufacturers Golf Carts Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Golf Carts Status and Outlook by Region
3.1 Global Golf Carts Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Golf Carts Historic Market Size by Region
3.2.1 Global Golf Carts Sales in Volume by Region (2018-2023)
3.2.2 Global Golf Carts Sales in Value by Region (2018-2023)
3.2.3 Global Golf Carts Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Golf Carts Forecasted Market Size by Region
3.3.1 Global Golf Carts Sales in Volume by Region (2024-2029)
3.3.2 Global Golf Carts Sales in Value by Region (2024-2029)
3.3.3 Global Golf Carts Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Golf Carts by Application
4.1 Golf Carts Market Segment by Application
4.1.1 Golf Courses
4.1.2 Tourist Attraction
4.1.3 Residential
4.1.4 Campus
4.1.5 Others
4.2 Global Golf Carts Market Size by Application
4.2.1 Global Golf Carts Market Size Overview by Application (2018-2029)
4.2.2 Global Golf Carts Historic Market Size Review by Application (2018-2023)
4.2.3 Global Golf Carts Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Golf Carts Sales Breakdown by Application (2018-2023)
4.3.2 Europe Golf Carts Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Golf Carts Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Golf Carts Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Golf Carts Sales Breakdown by Application (2018-2023)
5 North America Golf Carts by Country
5.1 North America Golf Carts Historic Market Size by Country
5.1.1 North America Golf Carts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Golf Carts Sales in Volume by Country (2018-2023)
5.1.3 North America Golf Carts Sales in Value by Country (2018-2023)
5.2 North America Golf Carts Forecasted Market Size by Country
5.2.1 North America Golf Carts Sales in Volume by Country (2024-2029)
5.2.2 North America Golf Carts Sales in Value by Country (2024-2029)
6 Europe Golf Carts by Country
6.1 Europe Golf Carts Historic Market Size by Country
6.1.1 Europe Golf Carts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Golf Carts Sales in Volume by Country (2018-2023)
6.1.3 Europe Golf Carts Sales in Value by Country (2018-2023)
6.2 Europe Golf Carts Forecasted Market Size by Country
6.2.1 Europe Golf Carts Sales in Volume by Country (2024-2029)
6.2.2 Europe Golf Carts Sales in Value by Country (2024-2029)
7 Asia-Pacific Golf Carts by Region
7.1 Asia-Pacific Golf Carts Historic Market Size by Region
7.1.1 Asia-Pacific Golf Carts Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Golf Carts Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Golf Carts Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Golf Carts Forecasted Market Size by Region
7.2.1 Asia-Pacific Golf Carts Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Golf Carts Sales in Value by Region (2024-2029)
8 Latin America Golf Carts by Country
8.1 Latin America Golf Carts Historic Market Size by Country
8.1.1 Latin America Golf Carts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Golf Carts Sales in Volume by Country (2018-2023)
8.1.3 Latin America Golf Carts Sales in Value by Country (2018-2023)
8.2 Latin America Golf Carts Forecasted Market Size by Country
8.2.1 Latin America Golf Carts Sales in Volume by Country (2024-2029)
8.2.2 Latin America Golf Carts Sales in Value by Country (2024-2029)
9 Middle East and Africa Golf Carts by Country
9.1 Middle East and Africa Golf Carts Historic Market Size by Country
9.1.1 Middle East and Africa Golf Carts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Golf Carts Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Golf Carts Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Golf Carts Forecasted Market Size by Country
9.2.1 Middle East and Africa Golf Carts Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Golf Carts Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Yamaha Golf Cars
10.1.1 Yamaha Golf Cars Company Information
10.1.2 Yamaha Golf Cars Introduction and Business Overview
10.1.3 Yamaha Golf Cars Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Yamaha Golf Cars Golf Carts Products Offered
10.1.5 Yamaha Golf Cars Recent Development
10.2 Textron (E-Z-Go and Cushman)
10.2.1 Textron (E-Z-Go and Cushman) Company Information
10.2.2 Textron (E-Z-Go and Cushman) Introduction and Business Overview
10.2.3 Textron (E-Z-Go and Cushman) Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Textron (E-Z-Go and Cushman) Golf Carts Products Offered
10.2.5 Textron (E-Z-Go and Cushman) Recent Development
10.3 Club Car
10.3.1 Club Car Company Information
10.3.2 Club Car Introduction and Business Overview
10.3.3 Club Car Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Club Car Golf Carts Products Offered
10.3.5 Club Car Recent Development
10.4 Columbia Vehicle Group Inc
10.4.1 Columbia Vehicle Group Inc Company Information
10.4.2 Columbia Vehicle Group Inc Introduction and Business Overview
10.4.3 Columbia Vehicle Group Inc Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Columbia Vehicle Group Inc Golf Carts Products Offered
10.4.5 Columbia Vehicle Group Inc Recent Development
10.5 Suzhou Eagle Electric Vehicle Manufacturing
10.5.1 Suzhou Eagle Electric Vehicle Manufacturing Company Information
10.5.2 Suzhou Eagle Electric Vehicle Manufacturing Introduction and Business Overview
10.5.3 Suzhou Eagle Electric Vehicle Manufacturing Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Suzhou Eagle Electric Vehicle Manufacturing Golf Carts Products Offered
10.5.5 Suzhou Eagle Electric Vehicle Manufacturing Recent Development
10.6 Garia Inc.
10.6.1 Garia Inc. Company Information
10.6.2 Garia Inc. Introduction and Business Overview
10.6.3 Garia Inc. Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Garia Inc. Golf Carts Products Offered
10.6.5 Garia Inc. Recent Development
10.7 Guangdong Lvtong
10.7.1 Guangdong Lvtong Company Information
10.7.2 Guangdong Lvtong Introduction and Business Overview
10.7.3 Guangdong Lvtong Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Guangdong Lvtong Golf Carts Products Offered
10.7.5 Guangdong Lvtong Recent Development
10.8 JH Global Services Inc
10.8.1 JH Global Services Inc Company Information
10.8.2 JH Global Services Inc Introduction and Business Overview
10.8.3 JH Global Services Inc Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.8.4 JH Global Services Inc Golf Carts Products Offered
10.8.5 JH Global Services Inc Recent Development
10.9 Xiamen Dalle Electric Car
10.9.1 Xiamen Dalle Electric Car Company Information
10.9.2 Xiamen Dalle Electric Car Introduction and Business Overview
10.9.3 Xiamen Dalle Electric Car Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Xiamen Dalle Electric Car Golf Carts Products Offered
10.9.5 Xiamen Dalle Electric Car Recent Development
10.10 Marshell Green Power
10.10.1 Marshell Green Power Company Information
10.10.2 Marshell Green Power Introduction and Business Overview
10.10.3 Marshell Green Power Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Marshell Green Power Golf Carts Products Offered
10.10.5 Marshell Green Power Recent Development
10.11 American Custom Golf Cars
10.11.1 American Custom Golf Cars Company Information
10.11.2 American Custom Golf Cars Introduction and Business Overview
10.11.3 American Custom Golf Cars Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.11.4 American Custom Golf Cars Golf Carts Products Offered
10.11.5 American Custom Golf Cars Recent Development
10.12 Bintelli Electric Vehicles
10.12.1 Bintelli Electric Vehicles Company Information
10.12.2 Bintelli Electric Vehicles Introduction and Business Overview
10.12.3 Bintelli Electric Vehicles Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Bintelli Electric Vehicles Golf Carts Products Offered
10.12.5 Bintelli Electric Vehicles Recent Development
10.13 Dongguan Excellence Golf & Sightseeing Car
10.13.1 Dongguan Excellence Golf & Sightseeing Car Company Information
10.13.2 Dongguan Excellence Golf & Sightseeing Car Introduction and Business Overview
10.13.3 Dongguan Excellence Golf & Sightseeing Car Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Dongguan Excellence Golf & Sightseeing Car Golf Carts Products Offered
10.13.5 Dongguan Excellence Golf & Sightseeing Car Recent Development
10.14 Speedways Electric
10.14.1 Speedways Electric Company Information
10.14.2 Speedways Electric Introduction and Business Overview
10.14.3 Speedways Electric Golf Carts Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Speedways Electric Golf Carts Products Offered
10.14.5 Speedways Electric Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Golf Carts Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Golf Carts Industrial Chain Analysis
11.4 Golf Carts Market Dynamics
11.4.1 Golf Carts Industry Trends
11.4.2 Golf Carts Market Drivers
11.4.3 Golf Carts Market Challenges
11.4.4 Golf Carts Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Golf Carts Distributors
12.3 Golf Carts Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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