Increase in golf course projects, especially in Europe, Asia Pacific and North America, has led to significant rise in the production sales of golf cart. Apart from this, developments in hospitality and tourism industry along with ease of operation is significantly driving the growth of golf cart market.
Future Market Insights has stated in a recent study of theirs that there is likely to be a healthy growth by 6.4% CAGR of the golf cart market during the projected period, 2016-2026. Likewise, the golf cart market reached an evaluation of approximately US$ 2,080.0Mn by 2016-end. Initiating effective golf cart for end-users has been apparently considered as a vital trend, which supports in driving the overall growth of golf cart market. The report furthermore provides highly satisfactory information regarding the growth of golf cart market, for the approaching years.
Our analysts that have been holding an important position during the development of report have made sure that they have delivered an exceptionally beneficial insight on the subject of expansion of golf cart market, through 2026. Furthermore, our analysts had spent incredible efforts, for catering to the growing concerns of market spectators and industry sponsors regarding golf cart market worldwide.
Is it possible that you state some of the foremost reasons that stand out while driving the growth of golf cart market?
Oh yes. Definitely I can. One of the foremost reason behind the significant growth of golf cart market are the rapid increase in urbanization as well as industrialization, which in turn increases the need for internal transportation as well, with regards to shift of goods.
Is it possible that you state some of the foremost reasons that stand out while restraining the growth of golf cart market?
Yes. It is. One of the foremost reasons for restraining the growth of golf cart market has been the need for numerous maintenance of the batteries in electric golf cart, which again is less effective as well as required frequent recharging.
What do you think the manufacturers will be doing for the growth of golf cart market?
Well, analysis indicates that manufacturers together with key players will be working heavily towards meeting the growing customer demands with regards to customization of seating capacity as well as vehicle aesthetics. Apart from this, manufacturers are taking immense efforts in expanding their product offerings, thereby proving the customers with flexible customized solutions, depending on their requirements.
In the golf cart market, region-wise, can you state some beneficial insights?
Sure. I can. When it comes to regions in the golf cart market, analysis indicates that North America will remain dominant in the golf cart market during the forecast period. Apart from this, Western Europe, APAC and Japan are expected to create lucrative opportunities for the growth of golf cart market in the near future.
Can you specify just the players that are currently leading in the golf cart market?
Well, analysis has clearly indicated Cruise Car, Inc., Hitachi Chemical Co., Ltd., Columbia ParCar Corp, Club Car, LLC, Garia Luxury Golf Car, Xiamen Dalle Electric Car Co., Ltd and E-Z-GO amongst others are the players that are currently leading in the golf cart market.
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