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The global golf cart market was valued at US$ 3,262.3 million in 2017 and is projected to exhibit a CAGR of 6.3% during the forecast period (2019u20132027), reaching US$ 5,590.0 million by 2027.
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Golf Cart Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2018-2026
REPORT DESCRIPTION Golf Cart Market – Overview The global golf cart market was valued at US$ 3,262.3 million in 2017 and is projected to exhibit a CAGR of 6.3% during the forecast period (2019–2027), reaching US$ 5,590.0 million by 2027. Growing urbanization and industrialization are driving demand for golf carts, this in turn fueling growth of the global golf cart market. However, high initial costs associated with golf carts act as a major roadblock to the growth of the market. Additionally, lack of infrastructure for charging points of golf carts in emerging economies also hinders growth of the golf cart market. Increasing urbanization and industrialization in various emerging economies such as South Korea, Brazil, South Africa, China, and India are expected to boost mall culture, theme parks, amusement parks, and smart housing projects, among others. This in turn, has increased the demand for internal transportation to carry goods and people, subsequently fueling demand for golf carts. Increasing demand for customized products by end users, related to seating capacity and vehicle aesthetics have provided immense opportunities for market players.
REPORT DESCRIPTION Golf Cart Market – Dynamics The increasing deployment of golf carts across a number of facility centers in the Asia pacific region is driving the growth of the global golf cart market. According to analysis by Coherent Market Insights in 2018, the Asia pacific region has more than 2,000 golf facilities which is positively impacting the market growth for golf cart. Moreover, continual developments made in terms of manufacturing of golf carts are opening major opportunities for the golf carts market players. According to the data from Automobile Industry in 2019, the deployment of golf carts is highly expected across various spaces, airports being one of the most prominent ones. Owing to this, airports would contribute to the worldwide growth of golf carts market. Furthermore, growing urbanization and industrialization have increased the demand for internal transportation to carry goods and people. For instance, in 2018, in India, Pune Airport authorities have obtained three golf carts to transport passengers outside the terminal. Get PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1038
REPORT DESCRIPTION Golf Cart Market – Key Players • Robert Bosch GmbH • Industria Macchine Automatiche S.p.A. • Marchesini Group S.p.A. • Korber AG • MG2 s.r.l. • Accutek Packaging Equipment Companies, Inc. • Vanguard Pharmaceuticals Machinery • Romaco Pharmatechnik Read More @ https://www.coherentmarketinsights.com/market-insight/golf-cart-market-1038
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