Increasing demand for
economic and convenient alternative for travelling short distance to drive
North America golf cart market during forecast period
According
to TechSci Research report, “North America Golf Cart
Market By
Product, By Operating System, By End User, By Country, Competition, Forecast
& Opportunities, 2024”, North America golf cart market is anticipated to grow at a
brisk rate in the coming years on account of increasing utilization of golf
cart in tourism, airports, hospitality and universities. Furthermore, according
to the National Golf Foundation, there were over 500 golf courses under
construction in various parts of the world in 2018, which is positively
influencing the growth of the market in North America as well. Ease of
operation, low emissions, low noise and multiple seating capacity are some of
the major factors that are contributing to the growing popularity of North
America golf cart market.
Browse
market data Tables and Figures spread through 80 Pages and an in-depth TOC on "North
America Golf Cart Market"
North America golf cart market can be segmented based on product,
operating system and end user. Based on the product, the market can be
segmented into electric golf cart, solar golf cart, push pull golf cart and
gasoline golf cart. Electric and solar powered golf carts are anticipated to
register significant growth over the next five years on account of ongoing
initiatives to reduce carbon emission, low emission and reduced maintenance.
Based on the end user, market can be segmented into golf courses, tourist
destinations, hotel & resorts, airports, among others. Golf course end user
segment is expected to account for the major demand owing to rising popularity
of golf in the region.
Yamaha Motor Co., Ltd., Ingersoll Rand Inc., JH Global Services, Inc.,
Textron Specialized Vehicles Inc., Tomberlin (Nordic of Companies, Ltd.), among
others are the leading players operating in the North America golf cart market.
The companies operating in the market are using organic strategies such as
product launches, and mergers and collaborations in order to register positive
growth in the market.
Customers
can also request for 10% free customization on this report.
“North America golf cart market is anticipated to grow at a formidable
growth rate during the forecast period owing to presence of favorable policies
for the low speed vehicles in the region. Moreover. The United States accounts
for more than 45% of the golf courses present in the world, thereby
contributing to the growing demand for golf carts in the region. Furthermore,
presence of major golf cart manufacturers in the region would further steer
growth in the market during the forecast period.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“North America Golf Cart Market By Product, By
Operating System, By End User, By Country, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of North America golf cart market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decision. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in the North America golf cart market.
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