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Golf Cart Market Growth, Size, Analysis | Forecast 2017-2023

According to a new report by Allied Market Research, titled, Golf cart Market by Product type and Application: Global Opportunities Analysis and Industry Forecast, 2017-2023, the golf cart market was valued at $ 1,607.75 million in 2016, and is projected to reach at $ 2,591.69 million by 2023, growing at a CAGR of 7.20% from 2017 to 2023.

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Golf Cart Market Growth, Size, Analysis | Forecast 2017-2023

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2016-2023 Pages: 165 Tables: 83 Charts: 62

  2. GOLF CART MARKET OVERVIEW Golf cart is a gas-powered, low-speed vehicle driven by electric motors, which is utilization in golf courses for transportation of golfers and the equipment within the course premises. It is also known as non-highway or off-road vehicle with the average speed between 25‐50 km ph. Increase in urbanization & industrialization; hi-tech & smart residential & commercial housing projects; and rise in utilization of golf cart vehicles in hotels, hospitality, tourism industries, and amusement parks are anticipated to fuel the growth of the global golf cart market. Moreover, the usage of golf carts for short trips in educational institutions, such as colleges & universities, and in airports is expected to propel their demand. The key players operating in the golf cart market include Garia Inc., Hitachi Chemical Co. Ltd, Ingersoll Rand plc, JH Global Services, Inc., Maini Materials Movement Pvt. Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Specialized Vehicles Inc., Tomberlin, X iamen Dalle Electric Car Co. Ltd., and Yamaha Golf Car Company.

  3. GOLF CART MARKET According to a new report by Allied Market Research, titled, Golf cart Market by Product type and Application: Global Opportunities Analysis and Industry Forecast, 2017-2023, the golf cart market was valued at $ 1,607.75 million in 2016, and is projected to reach at $ 2,591.69 million by 2023, growing at a CAGR of 7.20% from 2017 to 2023. Access Full Summary at : https://www.alliedmarketresearch.com/golf-cart-market A golf cart is a lightweight motorized vehicle used for the short-distance transportation of golfers around the golf course, and makes it easier for them to carry the required accessories. In 2016, electric golf cart segment dominated the market, in terms of revenue, due to increase in investment on building golf course infrastructure. North America was the highest revenue contributor to the golf cart market in 2016, accounting for around 38.76% share, owing to surge in demand for mobility for short distance across the villages and community areas.

  4. GOLF CART MARKET Key Findings of the Golf Cart Market: The electric golf cart segment accounted for the highest share in 2016, growing at a CAGR of 7.80% from 2017 to 2023. • Golf course segment generated the highest revenue, accounting for $724.88 million in 2016. • North America is expected to dominate the market, in terms of market share, during the forecast period. •

  5. SEGMENT OVERVIEW The global golf cart market is segmented based on product type, application, and geography. On the basis of product type, the market is categorized into electric golf cart, gasoline, and solar. By application, it is classified into golf course, personal services, and commercial services. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Growth in number of vehicle sales, urbanization in countries, such as India and China, and rise in usage of golf cart, especially in golf courses are anticipated to boost the growth of golf carts market from 2017 to 2023. Download free Sample Report @: https://www.alliedmarketresearch.com/request-sample/2099 The report features a competitive scenario of the golf cart market and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are Garia Inc., Hitachi Chemical Co. Ltd, Ingersoll Rand plc, JH Global Services, Inc., Maini Materials Movement Pvt. Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Specialized Vehicles Inc., Tomberlin, Xiamen Dalle Electric Car Co. Ltd., and Yamaha Golf Car Company. These players have adopted competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

  6. GOLF CART MARKET By Region North America • Europe • Asia-Pacific • LAMEA •

  7. GOLF CART MARKET Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/purchase-enquiry/2099 Follow Us On

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