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Golf Cart Market Size Will Reach USD 1853.6 Million By 2028 With A CAGR of 3.5% - Valuates Reports

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Valuates Reports

25 Feb, 2022, 15:00 GMT

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BANGALORE, India, Feb. 25, 2022 /PRNewswire/ -- Golf Cart Market By Type - Single Seat Golf Cart, Walking Follow-up Golf Cart, Multiple Seat Golf Cart, Entertainment Type Golf Cart, By Application - Golf Courses, Tourist Attraction, Residential, Campus, Other. Global Opportunity Analysis and Industry Forecast 2022 - 2028. It is published in Valuates Reports under the Golf Category.

The global Golf Cart market size is estimated to be worth USD 1507.9 million in 2022 and is forecast to be a readjusted size of USD 1853.6 million by 2028 with a CAGR of 3.5% during the review period.

Major factors driving the growth of the golf cart market

Due to an increase in the number of people interested in golf, the number of golf courses and country clubs has increased, this would invariably result in the growth of the golf cart market.

The golf cart market is expected to grow due to a shift toward mall culture, high-tech and smart residential and commercial housing projects, and increased use of golf cart vehicles in hotels, hospitality, tourism, and amusement parks.

The use of golf carts for short trips in educational institutions such as colleges and universities, as well as in airports, is expected to drive the golf carts market.

Browse The Table Of Contents And List Of Figures At https://reports.valuates.com/market-reports/QYRE-Auto-23H377/global-golf-cart

TRENDS INFLUENCING THE GROWTH OF THE GOLF CART MARKET

An increase in the number of golf courses is supported by an increase in the number of people who are interested in the sport. This has a direct impact on the growth of golf cart demand. In addition, the number of country clubs and golf courses in the United States is increasing. 

Furthermore, an increase in disposable income leads to an increase in recreational time and discretionary income. All of these factors contribute to the golf cart market's expansion.

Golf courses appear to be ideal socially distant spaces for recreation in the midst of the COVID-19 pandemic, with isolation restrictions and closures gradually easing. The game has seen a significant increase in interest as a result of this. This, in turn, is expected to fuel the golf cart market's expansion.

The golf cart market is expected to grow as more people use electric golf carts for mall and campus tours. The electric golf cart will address the issue of transporting different types of users in malls, such as the elderly, physically challenged, uninitiated, and shoppers with children. Golf cart tours are available on campus for visitors who want a more private, shorter tour or for guests with limited mobility.

Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-23H377/Global_Golf_Cart_Market

GOLF CART MARKET SHARE ANALYSIS

Based on region, With a market share of around 50%, North America is the largest market, followed by Asia-Pacific and Europe, both with market shares of over 40%.

Based on product, With a market share of more than 75%, the Multiple Seat Golf Cart is the most popular.

Based on application, Golf Courses are the most common application, followed by Tourist Attractions, and so on.

Inquire For Customization: https://reports.valuates.com/request/customisation/QYRE-Auto-23H377/Global_Golf_Cart_Market

Golf Cart Market By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Golf Cart Market By Application

  • Golf Courses
  • Tourist Attraction
  • Residential
  • Campus
  • Other

Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Auto-23H377/Global_Golf_Cart_Market

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-23H377&lic=single-user

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SIMILAR REPORTS

-  The global Push-Pull Golf Cart market size is estimated to be worth USD million in 2022 and is forecast to be a readjusted size of USD million by 2028 with a CAGR of % during the review period.

-  The global Golf Cart Bags market size is estimated to be worth USD 1007.8 million in 2022 and is forecast to a readjusted size of USD 1177.6 million by 2028 with a CAGR of 2.6% during the review period.

-   The global Neighborhood Electric Vehicle (NEV) market size was USD 2793.5 million and it is expected to reach USD 4315.1 million by the end of 2027, with a CAGR of 6.4% during 2021-2027.

-  The global Indoor Golf Equipment market size is projected to reach USD 1377.7 million by 2027, from USD 722.1 million in 2020, at a CAGR of 9.8% during 2021-2027.

-  The global Golf GPS Equipment market size is estimated to be worth USD 367.5 million in 2022 and is forecast to be a readjusted size of USD 425 million by 2028 with a CAGR of 2.5% during the review period.

-  Global and United States Electric Golf Cart Market Insights, Forecast to 2027

-  Global Electric Golf Trolley Market Insights and Forecast to 2028

-  China Golf Cart Battery Market Report & Forecast 2021-2027

-  Global Multiple Seat Golf Cart Market Research Report 2022

-  Global Golf Cart Batteries Sales Market Report 2021

Click Here To See Related Reports on Golf Cart Market

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Contact Us:

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
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