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Golf Cart Market Trends

  • Report ID: GMI3285
  • Published Date: Apr 2024
  • Report Format: PDF

Golf Cart Market Trends

The golf cart industry has witnessed significant technological advancements in electric golf carts. Electric golf carts are witnessing high demand in the industry due to their quiet operations. These carts do not cause disturbances to other golfers and allow them to play peacefully. Companies operating in the golf cart industry are focused on introducing fast battery chargers and high-capacity batteries to enhance the performance of electric golf carts.
 

Advancements in battery technology are leading to longer ranges on a single charge. This enables golfers to play multiple rounds or navigate larger courses without worrying about running out of power. Advancements are resulting in electric carts with additional amenities such as GPS navigation systems, Bluetooth connectivity for music, comfy seating options, and even beverage coolers. These characteristics improve the overall comfort and enjoyment of the golf experience.
 

For instance, in May 2023, Mansory, a Germany-based company, unveiled an electric golf cart based on the Garia Supersport model. This golf cart features a 10.24-kilowatt-hour lithium-ion battery pack that provides a range of up to 80 kilometers. It is equipped with a 10.7-horsepower electric motor, offering a blend of luxury and performance for golf enthusiasts.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The golf cart market was valued at USD 2.5 billion in 2023 and set to grow at 7.5% CAGR between 2024 & 2032, driven by the growing construction of golf courses across the globe.

The electric fuel type segment in the golf cart market held over 60% revenue share in 2023 and is set to grow rapidly by 2032, driven by growing consumer awareness about the rising pollution levels.

North America golf cart industry held over 70% revenue share in 2023 and is set to grow at a decent pace till 2032, due to increased recreational & utility use.

Alke, Club Car, Eagle Electric, EZ-GO, Hawk Carts, HDK Electric Vehicle, LANGQING, Lvtong , Marshell , Yamaha among others.

Golf Cart Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 200
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