Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

At 4.12% CAGR, Golf Cart Market is Expected to reach USD 2381.4 Mn by 2027, Says Brandessence Market Research

This image opens in the lightbox

News provided by

Brandessence Market Research And Consulting Private Limited

22 Oct, 2021, 14:05 GMT

Share this article

Share toX

Share this article

Share toX

LONDON, Oct. 22, 2021 /PRNewswire/ -- The golf cart market size reached USD 1795.1 Million in 2020. The market is expected to grow by 4.12% CAGR during 2020-2027, to take the total golf car market size to USD 2381.4 Million by 2027 end.

3 million new players joined Golf in the US in 2020. This is Golf industry's seventh-straight year of recording more than 2 million new players each year. Rising interest in golf, increased accessibility, and benchmark standard set by golf cart in the sport remain key drivers of growth in the golf cart market. Apart from ferrying players at golf courses, golf carts are becoming the signature transport medium at country clubs, colleges, large private properties, small private farms, construction sites, landscaping, and off-road vacation sites like camps.

Request a Sample Report: @ https://brandessenceresearch.com/requestSample/PostId/1584

Scope of The Report:

Golf carts are also known as a golf buggy, and a golf car. These are small vehicles, designed to carry relatively high-loads and make a quick trip to the desired destination. The standard size of a golf cart is 4 feet wide, and 8 feet long. Golf carts can weigh as much as 410 kg, or 900 pounds. Bigger size golf carts weighing 1,000 pounds or 450 kg are increasingly making their way into the golf cart market. Depending on the requirement, golf carts can be purchased for as little as $3,000, and as high as $20,000. For special purposes like country clubs, posh golf carts with ability to carry many passengers with comfort can be essential. Hence, these golf carts or more accurately, cars cost considerably higher. Furthermore, depending on requirements like type of energy power, and storage facility, the price of golf carts also varies significantly. Additional features like cooler trays, ball cleaners, windshields, upgraded motor, and speed controller also impact pricing. The growing variety in golf carts to meet a wide range of purposes remains a bright prospect for end-consumers, as golf carts has overtaken most other forms of short-distance transports to become the most envious mode of transportation globally.

Growing interest in golf cart has led to significant innovation recently. Thanks to technological innovation, golf carts also remain a new prospect for disabled individuals. New technology like SoloRider enables disabled individuals to stand upright, swing using both hands, and be supported, while providing the ability to swirl around in their seat using its signature technology. The technology is an adaptive version of the classic golf cart designed for a single person use. On the other hand, other technological advancement have enabled the use of golf carts alongside Ultra Terrain Vehicles (UTV). The new golf carts known as the Side by Side vehicles, sometimes include just minor tweaks to enable off-road application, and also major upgrades including full-fledged automobile engines. Some modern golf carts enable a ride similar to a skateboard, with golfer controlling the cart while standing in an upright position.

Golf Cart market: Competitive Analysis

The global golf cart market remains an innovative, and open landscape, thanks to growing innovation like solar powered golf carts, and relatively low manufacturing costs as compared to conventional vehicles. Key players in the market are increasingly seeking opportunities for mergers, and collaborations as technological innovation, cost-effectiveness, and niche expertise remain key to growth. Some key golf cart manufacturers are Platinum Equity Aadvisors, Garia Inc, Yamaha Motor, Textron Inc, Showa Denko, and more.

Request for Methodology of this report: https://brandessenceresearch.com/requestMethodology/PostId/1584

Golf Cart market: Key Trends

  • Golf cart continues to undergo much advancement, thanks to its increased diverse application. For campus, and university, increasing solar-powered golf carts are making their way into the market. The long-term cost savings, the seasonal use of these golf carts to ferry passengers during admissions, and growing prestige associated with golf cart use continues to drive its application on university campuses.
  • Autonomous driving golf carts remain the future frontier on golf courses. Increasing innovation in the field, thanks to autonomous driving carts is taking place. Golf courses are vast landscapes, and golfers also enjoy golf due to the solace that it offers. Furthermore, mishaps like forgetting things like trolley bags, and cart bags, or the right stick can be a common occurrence. The autonomous driving golf carts represent an important service to high-value customers in the near future.
  • Increasing power of golf carts has led to new concerns on golf courses, and other commercial application. Powered golf carts are leading to more accidents, and this has led to increased demand for steering control systems. the conventional golf carts were meant for an easy-drive, with most states in countries like United States allowing the drive for 13-year old plus drivers. The increased power of golf carts has led to electronic advancements including decrease in the steady-state error, high stability in voltage, and increased algorithm-based methods for steering.

Golf Cart Market: Regional Analysis

Golf cart market report is divided into key regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, the North America region is expected to hold the highest share of total revenues. The region is home to largest number of golf courses globally, amounting to over 15,000. Furthermore, the growing interest in golf and increased demand for other commercial applications like property maintenance, campus visits, off-road campsites, and others remain key drivers of growth in the region.  Advanced Golf Cart In US remains a prospect for furthering prestige for the carts, making them a promising investment for applications like high-end property tours, and university admissions.

The Europe Market of Golf Cart is likely to hold second-highest market share. The market remains a promising prospect, thanks to rising incomes, and growing adoption of electric vehicles in general. The increased goals of sustainability, and increased government incentives are likely to propel sales of electric golf carts in Europe to new heights.

Asia pacific region is expected to register the fastest CAGR for growth during the 2020-2027 period. The increased incomes in the region, growing cost-effective manufacturing, and conventional signature status associated with golf carts remain key drivers in Asia Pacific. The appeal of vintage golf cars for ferrying passengers around a property, country clubs, and for sightseeing remain promising drivers for new product segments in the golf cart market.

Global Golf Cart Market Segmentation:

By Product Type:

  • Electric
  • Gasoline
  • Solar

By Applications:

  • Golf clubs
  • Airports
  • College campuses
  • Sport events
  • Hospitals
  • Housing projects
  • Others

Get Golf Cart Market Research Methodologies: https://brandessenceresearch.com/construction/golf-cart-market

Table of Content

Chapter 1 Global Golf Cart Market: Summary and Quantitative Analysis
Chapter 2 Global Golf Cart Market: Overview And Qualitative Analysis
Chapter 3 Competitive Analysis
Chapter 4 Global Golf Cart Market: By Product Type
Chapter 5 Global Golf Cart Market: By Applications
Chapter 6 North America Golf Cart Market Analysis
Chapter 7 Europe Golf Cart Market Analysis
Chapter 8 Asia Pacific Golf Cart Market Analysis
Chapter 9 Latin America Golf Cart Market Analysis
Chapter 10 Middle East & Africa Golf Cart Market Analysis
Chapter 11 Competitive Analysis
Chapter 12 Market Research Findings & Conclusion
Chapter 13 Research Methodology

Have a Look at other Related Reports At Bellow

Global Home Improvement Market Size By Type (Door Hardware, Building Materials, Kitchen And Toilet Product, Others) Forecast 2020-2027

Construction Equipment Rental Market Size By Product (Earth Moving Machinery, Material Handling Machinery, Concrete & Road Construction Machinery) Forecast 2020-2025

Green Building Materials Market 2020 By Type (Linoleum, Galvalume Panels, Fiber-Cement Composites, Others), By Application (Framing, Insulation, Roofing, Exterior Siding, Interior ) Forecast To 2025

Prosthetics Market Size to hit USD 12.40 Bn by 2025

Dietary Supplements Market Size Expected to Reach 231.9 Billion by 2027

About Brandessence Market Research & Consulting Pvt ltd.

Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.

Contact Us:

Mr. Vishal Sawant
Email: vishal@brandessenceresearch.com
Email: Sales@brandessenceresearch.com  
Corporate Sales: +44-2038074155
Asia Office: +917447409162
Website: https://brandessenceresearch.com
Blog: Warehouse Automation Companies 

Logo: https://mma.prnewswire.com/media/1392316/BEMR_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.