Hi, what are you looking for?
The U.S. is anticipated to continue to be one of the golf cart industry’s most lucrative markets. Asia Pacific is anticipated to see a striking CAGR during the predicted period. The industry is being pushed by rising golf awareness and an increase in golfers in Asia Pacific’s developing nations.
NEWARK, DE / ACCESSWIRE / September 21, 2022 / The golf cart market is anticipated to reach a valuation of US$ 1.34 billion in 2022, according to a recent market analysis by Future Market Insights (FMI). Through 2032, the market is predicted to expand at a CAGR of 3.9%.
The need for low-speed vehicles has increased for a number of functions, including short-distance commuting in parks, commercial districts, colleges, and other locations. As a result, the golf cart market is growing.
Moreover, future infrastructure and equipment developments are likely to help the industry as the leisure and tourist sector expands. Demand for golf cart is expected to rise as utility vehicles gain more and more use outside of golf courses.
Get Sample PDF Brochure @ https://www.futuremarketinsights.com/reports/sample/rep-gb-230
After the pandemic, it’s expected that restrictions are lifted and market demand can return to its pre-pandemic levels. Additionally, due to its modular architecture and variety of modification options, golf carts can be modified to match the needs of final consumers, enabling the owner to run a lucrative business.
The surge in sales of golf cart in the tourism, hospitality, academic, and other sectors is predicted to hasten the rise of golf cart market share.
A variety of federal and state laws that regulate the use of golf carts take into account a number of various factors, such as road access, passenger capacity, safety, headlights, brakes, and a valid driver’s license, which can impede the golf cart market growth.
In North America and Europe, the market is far more developed. Therefore, it is projected that future innovation and technology developments in the European and American golf cart industries, such as electrification, linked mobility, and autonomy, are fueling market expansion.
Speak to our Research Expert @ https://www.futuremarketinsights.com/ask-question/rep-gb-230
The golf cart market is projected to continue rapidly electrifying as manufacturers concentrate on creating and delivering new generation electric models with enhanced travel range and battery capacity during the projection period.
Major Market Players in the golf cart market are Club Car, LLC Yamaha Golf-Car Company, E-Z-GO, EverGreen Electrical Vehicles, Columbia ParCar Corp, Hitachi Chemical Co., Ltd, Xiamen Dalle Electric Car Co., Ltd. Company, Maini Material Movement Pvt. Ltd, Garia Luxury Golf Car, Cruise Car, Inc., Toyota Motor Corporation, Polaris Inc, Solorider, GDRIVE Golf Cart, Carrieall Car Pvt Ltd, and Volmac Engineering Pvt Ltd.
Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-230
About FMI – Automotive and Transportation
The Automotive and Transportationdivision of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behaviour.
Have a Look at Related Research Reports of Automotive Domain
Electric Golf Cart Market Trends : offer significant advantages over conventional gasoline or diesel driven golf carts considering the environmental concerns. The main benefits of golf cart include low maintenance, noise free and environmental friendliness and less expensive to operate.
Golf Cart Batteries Market Size : Golf carts are generally battery-operated vehicles, simple in construction and have maximum speed of up to 31 Kmph, making golf carts safe and favorable vehicles to be used at public places such as railway stations, airports and tourist spots apart from golf courses.
CNG and LPG Vehicles Market : is projected to have a slow-paced CAGR of 4.5% during the forecast period. The current valuation of the CNG and LPG vehicles market is US$ 5243.3 million in 2022.
Automotive ECU Market : is anticipated to reach US$ 48,500.0 million in 2022, growing at a 6.1% CAGR during the forecast period. By 2032, the market is anticipated to reach US$ 77,887.0 million.
Automotive Fasteners Market : is estimated to advance at a CAGR of 6% during the forecast period. The current valuation of the automotive fasteners market is US$ 26,342.1 Million. The market is projected to reach US$ 47,174.7 Million by 2032.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Future Market Insights, Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware – 19713, USA T: +1-845-579-5705 Enquiries: [email protected]
SOURCE: Future Market Insights, Inc.
View source version on accesswire.com: https://www.accesswire.com/716825/Golf-Cart-Market-Expected-to-Expand-at-a-CAGR-of-39-Over-the-Course-of-The-Projected-Period-2022-2032-Future-Market-Insights-Inc
News network reaching more than 1,500 media outlets in 98 countries. The newest, fastest-growing and most disruptive newswire available today.
Deadly Hurricane Fiona has strengthened into a Category 4 storm as it barrels toward Canada's Atlantic coast, according to the National Hurricane Center.
Canada launched a long-awaited review of its cannabis regulations four years after legalizing its recreational use.
Rupert Murdoch's eldest son -- who is also chief executive of Fox News parent Fox Corporation -- is suing Crikey over an opinion piece.
Asian markets fell again Friday as part of a global sell-off fuelled by recession fears.
COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Sitemaps: XML / News . Digital Journal is not responsible for the content of external sites. Read more about our external linking.