The global golf cart market is primarily driven by the growing participation in golf as a luxury sport
The latest research study “Golf Cart Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that global Market size for golf carts reached $1.9 billion in 2021. Looking ahead, IMARC Group expects the market to reach $2.6 billion by 2027, at a CAGR of 5.7% over 2022-2027.
Effects of Covid-19:
We regularly track the direct impact of COVID-19 on the market as well as the indirect impact of related industries. These observations are integrated into the report.
Golfers and their equipment are transported around a golf course in compact, motorized golf carts. Also known as a golf buggy, it is powered by a petrol engine, solar panel or electric motor. The trolley is very easy to use and drives at an average speed of 25 to 50 km/h. Most of them are designed low to the ground to lower their center of gravity, which provides stability and allows them to be driven through rough terrain. These carts are often used to relieve caddies while maintaining a positive overall passenger experience. In addition, they are used in various public places such as airports, hotels, shopping malls and train stations.
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The competitive landscape of the market has been studied with the detailed profiles of the major market players. Some of these players are Club Car, LLC (Ingersoll Rand Inc.), Columbia Vehicle Group, Inc., Ez-go (Textron Inc.), Garia A/S, JH Global Services, Inc., Maini Materials Movement Pvt. Ltd, MARSHELL GREEN POWER CO., LTD., Electric Speedways, Suzhou…