NORTH AMERICA 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. NORTH AMERICA          

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. UNITED STATES                

8.1.5.2. CANADA                                                

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: NORTH AMERICA GOLF CART MARKET, BY SEATING CAPACITY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

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

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

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

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

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

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

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

TABLE 11: LEADING PLAYERS OPERATING IN NORTH AMERICA 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: NORTH AMERICA GOLF CART MARKET, GROWTH POTENTIAL, BY SEATING CAPACITY, IN 2021

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

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

FIGURE 8: NORTH AMERICA GOLF CART MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

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

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

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

FIGURE 12: NORTH AMERICA GOLF CART MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021

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

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

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

FIGURE 16: NORTH AMERICA GOLF CART MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

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

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

 

KEY FINDINGS

The North America golf cart market is projected to register a CAGR of 5.74% across the forecasted years of 2022 to 2030. The region’s market growth is reinforced by the presence of numerous resorts, hotels, parks, and recreational areas requiring golf carts for ferrying, the increasing number of golf courses, as well as the rising participation in golf sporting events.

 

Get more Insights into the North America Golf Cart Market:

https://inkwoodresearch.com/reports/north-america-golf-cart-market/

 

MARKET INSIGHTS

The North America golf cart market growth evaluation entails the study of Canada and the United States. A total number of 2,298 registered golf courses are present in Canada. While 230 of these courses are privately owned, as of May 2021, the rest are publicly operated. Moreover, golf courses are being rapidly incorporated into the country’s real estate market, as well. Aligning with this, residential real estate sales in Canada equated to 486,800 in 2019, indicating a rise of 6.2% over the previous year. As the real estate market for golf courses expands, especially in regions such as Toronto, the demand for one- to four-seater golf carts for transportation within the estate is expected to increase, as well.

On the other hand, an increasing number of old infrastructures are being re-developed in Canada. This factor creates lucrative opportunities for the demand as well as the adoption of golf carts in the country. Golf carts are also anticipated to have a significant market for mobility within larger airports as they undergo reconstruction. Therefore, the abovementioned factors are vital for the North America golf cart market growth.

 

COMPETITIVE INSIGHTS

Some of the top companies operating in the market are E-Z-Go, 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

 

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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