ASIA-PACIFIC GOLF CART MARKET FORECAST 2022-2030


TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY              

1.1. STUDY OBJECTIVES               

1.2. SCOPE OF STUDY                  

1.3. METHODOLOGY           

1.4. ASSUMPTIONS & LIMITATIONS                  

2. EXECUTIVE SUMMARY                   

2.1. MARKET SIZE & ESTIMATES             

2.2. MARKET OVERVIEW               

3. MARKET DYNAMICS             

3.1. KEY DRIVERS               

3.1.1. INCREASING NUMBER OF GOLF COURSES           

3.1.2. GOVERNMENT REGULATIONS REGARDING VEHICULAR EMISSIONS              

3.1.3. GROWTH IN GOLF TOURISM              

3.2. KEY RESTRAINTS                   

3.2.1. HIGH COST OF GOLF MEMBERSHIPS AND GOLF CARTS

4. KEY ANALYTICS          

4.1. IMPACT OF COVID-19 ON GOLF CART MARKET             

4.2. KEY MARKET TRENDS            

4.3. PORTER’S FIVE FORCES ANALYSIS           

4.3.1. BUYERS POWER             

4.3.2. SUPPLIERS POWER                  

4.3.3. SUBSTITUTION                

4.3.4. NEW ENTRANTS              

4.3.5. INDUSTRY RIVALRY                  

4.4. OPPORTUNITY MATRIX          

4.5. VENDOR LANDSCAPE             

4.6. REGULATORY FRAMEWORK            

5. MARKET BY SEATING CAPACITY             

5.1. ONE-TO-FOUR-SEATER          

5.2. ABOVE-FIVE-SEATER              

6. MARKET BY END-USER                  

6.1. GOLF AND RECREATION                  

6.2. COMMERCIAL USAGE             

6.3. PERSONAL USAGE                 

7. MARKET BY VEHICLE TYPE            

7.1. GAS GOLF CART           

7.2. ELECTRIC GOLF CART           

7.3. SOLAR GOLF CART                

8. GEOGRAPHICAL ANALYSIS                      

8.1. ASIA-PACIFIC                

8.1.1. MARKET SIZE & ESTIMATES               

8.1.2. KEY GROWTH ENABLERS                   

8.1.3. KEY CHALLENGES          

8.1.4. KEY PLAYERS                 

8.1.5. COUNTRY ANALYSIS                

8.1.5.1. CHINA            

8.1.5.2. JAPAN           

8.1.5.3. INDIA             

8.1.5.4. SOUTH KOREA                  

8.1.5.5. INDONESIA              

8.1.5.6. THAILAND                

8.1.5.7. VIETNAM                 

8.1.5.8. AUSTRALIA & NEW ZEALAND                

8.1.5.9. REST OF ASIA-PACIFIC                                   

9. COMPETITIVE LANDSCAPE            

9.1. KEY STRATEGIC DEVELOPMENTS             

9.1.1. MERGERS & ACQUISITIONS               

9.1.2. PRODUCT LAUNCHES               

9.1.3. PARTNERSHIPS              

9.1.4. DIVESTITURES                

9.2. COMPANY PROFILES             

9.2.1. CLUB CAR             

9.2.2. CRUISE CAR INC             

9.2.3. EVOLUTION ELECTRIC VEHICLES                

9.2.4. E-Z-GO (ACQUIRED BY TEXTRON INC)                  

9.2.5. GARIA         

9.2.6. HAWK CARTS                  

9.2.7. HDK ELECTRIC VEHICLE          

9.2.8. KARRIOR ELECTRIC VEHICLES          

9.2.9. MARSHELL            

9.2.10. POLARIS INDUSTRIES INC      

9.2.11. STAR EV CORPORATION                  

9.2.12. THAI SUMMIT GROUP             

9.2.13. TOMBERLIN                   

9.2.14. VARLEY GROUP            

9.2.15. YAMAHA GOLF-CAR COMPANY (YAMAHA CORPORATION)            


LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - GOLF CART

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: ASIA-PACIFIC GOLF CART MARKET, BY SEATING CAPACITY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC GOLF CART MARKET, BY SEATING CAPACITY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC GOLF CART MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC GOLF CART MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC GOLF CART MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC GOLF CART MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC GOLF CART MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC GOLF CART MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 11: LEADING PLAYERS OPERATING IN ASIA-PACIFIC GOLF CART MARKET

TABLE 12: LIST OF MERGERS & ACQUISITIONS

TABLE 13: LIST OF PRODUCT LAUNCHES

TABLE 14: LIST OF PARTNERSHIPS

TABLE 15: LIST OF DIVESTITURES

 

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: ASIA-PACIFIC GOLF CART MARKET, GROWTH POTENTIAL, BY SEATING CAPACITY, IN 2021

FIGURE 6: ASIA-PACIFIC GOLF CART MARKET, BY ONE-TO-FOUR-SEATER, 2022-2030 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC GOLF CART MARKET, BY ABOVE-FIVE-SEATER, 2022-2030 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC GOLF CART MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

FIGURE 9: ASIA-PACIFIC GOLF CART MARKET, BY GOLF AND RECREATION, 2022-2030 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC GOLF CART MARKET, BY COMMERCIAL USAGE, 2022-2030 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC GOLF CART MARKET, BY PERSONAL USAGE, 2022-2030 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC GOLF CART MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021

FIGURE 13: ASIA-PACIFIC GOLF CART MARKET, BY GAS GOLF CART, 2022-2030 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC GOLF CART MARKET, BY ELECTRIC GOLF CART, 2022-2030 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC GOLF CART MARKET, BY SOLAR GOLF CART, 2022-2030 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC GOLF CART MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

FIGURE 17: CHINA GOLF CART MARKET, 2022-2030 (IN $ MILLION)

FIGURE 18: JAPAN GOLF CART MARKET, 2022-2030 (IN $ MILLION)

FIGURE 19: INDIA GOLF CART MARKET, 2022-2030 (IN $ MILLION)

FIGURE 20: SOUTH KOREA GOLF CART MARKET, 2022-2030 (IN $ MILLION)

FIGURE 21: INDONESIA GOLF CART MARKET, 2022-2030 (IN $ MILLION)

FIGURE 22: THAILAND GOLF CART MARKET, 2022-2030 (IN $ MILLION)

FIGURE 23: VIETNAM GOLF CART MARKET, 2022-2030 (IN $ MILLION)

FIGURE 24: AUSTRALIA & NEW ZEALAND GOLF CART MARKET, 2022-2030 (IN $ MILLION)

FIGURE 25: REST OF ASIA-PACIFIC GOLF CART MARKET, 2022-2030 (IN $ MILLION)

 

KEY FINDINGS

The Asia-Pacific golf cart market is projected to record a CAGR of 6.04% during the forecast years of 2022 to 2030. The fiscal and monetary policies, the increase in demand from premium buyers, and the growth in new constructions, primarily in the real estate and tourism industry, are set to fortify the regional market’s growth.

 

Get more Insights into the Asia-Pacific Golf Cart Market:

https://inkwoodresearch.com/reports/asia-pacific-golf-cart-market/  

 

MARKET INSIGHTS

The Asia-Pacific golf cart market growth assessment encompasses the analysis of China, Indonesia, Vietnam, Thailand, India, Australia & New Zealand, Japan, South Korea, and Rest of Asia-Pacific. Golf is considered an aspirational sport in India, with the country having 196 golf courses as of 2021. Golf carts are gradually gaining popularity in the country, primarily owing to the increasing need from high-end consumers. Moreover, the nation is a significant market for low-speed vehicles (LSVs), as well. With India poised to become the third-largest economy by 2030, the increasing incomes, as well as disposable incomes, are anticipated to further fuel the purchase of golf carts.

Conversely, Indonesia harbors over 130 golf courses. In addition, destination marketing company Asia World Indonesia and inbound specialist tour operation Golfasian are set to tee off in an attempt to attract overseas golfers to Indonesia. Moreover, with four courses, Bali’s core inbound golf tourism markets include New Zealand, Australia, Japan, and Korea. Golfing also has tremendous potential in Indonesia, owing to the fact that it is an emerging economy. Hence, these factors are expected to propel the Asia-Pacific golf cart market growth.

 

COMPETITIVE INSIGHTS

Major firms operating in the market include Garia, Yamaha Golf-Car Corporation, HDK Electric Vehicle, 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

 

SEGMENTATION

1. CLUB CAR                   

2. CRUISE CAR INC                  

3. EVOLUTION ELECTRIC VEHICLES            

4. E-Z-GO (ACQUIRED BY TEXTRON INC)              

5. GARIA               

6. HAWK CARTS             

7. HDK ELECTRIC VEHICLE                

8. KARRIOR ELECTRIC VEHICLES                

9. MARSHELL                  

10. POLARIS INDUSTRIES INC 

11. STAR EV CORPORATION              

12. THAI SUMMIT GROUP                   

13. TOMBERLIN              

14. VARLEY GROUP

15. YAMAHA GOLF-CAR COMPANY (YAMAHA CORPORATION)

 

 

 

 

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