THE GOLF CART MARKET TO GROW BY $ 937.32 MN DURING 2020-2024

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the golf cart market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

• What are the major trends in the market?
  The introduction of solar-powered golf carts is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  The market will accelerate at a CAGR of almost 6% and the incremental growth of the market is anticipated to be $ 937.32 mn.
• Who are the top players in the market?
  Garia AS, Hitachi Chemical Co. Ltd., Ingersoll Rand Inc., JH Global Services Inc., Maini Materials Movement Pvt. Ltd., Nordic Group of Companies Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Inc., Xiamen Dalle Electric Car Co. Ltd., and Yamaha Motor Co. Ltd., are some of the major market participants.
• What is the key market driver?
  The upcoming new golf courses is one of the major factors driving the market.
• How big is the North America market?
  The North America region will contribute to 52% of the market share

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Garia AS, Hitachi Chemical Co. Ltd., Ingersoll Rand Inc., JH Global Services Inc., Maini Materials Movement Pvt. Ltd., Nordic Group of Companies Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Inc., Xiamen Dalle Electric Car Co. Ltd., and Yamaha Motor Co. Ltd. are some of the major market participants. The upcoming new golf courses will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this golf cart market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Golf Cart Market 2020-2024: Segmentation

Golf Cart Market is segmented as below:

• Product
  • Electric-powered
  • Gasoline-powered
• Application
  • Commercial Use
  • Personal Use
• Geography
  • North America
  • APAC
  • Europe
  • South America
  • MEA

 

Golf Cart Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The golf cart market report covers the following areas:

• Golf Cart Market Size
• Golf Cart Market Trends
• Golf Cart Market Industry Analysis

This study identifies the introduction of solar-powered golf carts as one of the prime reasons driving the golf cart market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Golf Cart Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist golf cart market growth during the next five years
• Estimation of the golf cart market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the golf cart market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of golf cart market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five Forces Analysis
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Electric-powered – Market size and forecast 2019-2024
• Gasoline-powered – Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Application

• Market segments
• Comparison by Application
• Commercial use – Market size and forecast 2019-2024
• Personal use – Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America – Market size and forecast 2019-2024
• APAC – Market size and forecast 2019-2024
• Europe – Market size and forecast 2019-2024
• South America – Market size and forecast 2019-2024
• MEA – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Garia AS
• Hitachi Chemical Co. Ltd.
• Ingersoll Rand Inc.
• JH Global Services Inc.
• Maini Materials Movement Pvt. Ltd.
• Nordic Group of Companies Ltd.
• Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
• Textron Inc.
• Xiamen Dalle Electric Car Co. Ltd.
• Yamaha Motor Co. Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.