Furthermore, increasing demand for customized products related to seating capacity and
vehicle aesthetics have provided immense opportunities for market players.
Increasing demand for electric golf carts fuels growth of the global golf cart market
On the basis of product type, the global golf cart market is segmented into electric golf carts and
gasoline golf carts. The electric golf carts segment held a dominant position in 2016 and is
projected to retain its dominance throughout the forecast period. Increasing demand for
pollution-free vehicles, surging prices of fuels, coupled with low costs associated with
maintenance of electric carts are creating a conducive environment for growth of the segment.
Electric golf carts are powered by lead-acid batteries that enables the increase in its weight-to-
performance ratio. Lithium golf cart batteries are half the size of a traditional lead-acid battery,
and two-thirds of the battery weight, which enables the golf cart to reach higher speeds with
less energy and can transport more weight.
North America holds a dominant position in the global golf cart market
On the basis of geography, the global golf cart market is segmented into North America, Europe,
Asia Pacific, Latin America, Africa, and the Middle East. According to Coherent Market Insights,
North America held a dominant position in the global golf cart market in 2016 and is projected
to retain its dominance throughout the forecast period. High popularity of golf sport in this
region has resulted in the establishment of a large number of golf clubs, in turn increasing the
demand for golf carts in the region. The U.S. and Canada are the major countries driving growth
of the golf cart market in North America.
Browse
more
about
the
research
report
https://www.coherentmarketinsights.com/market-insight/golf-cart-market-1038
@
Key companies covered as a part of this study include Club Car, LLC, Columbia ParCar Corp,
Cruise Car, Inc, EverGreen Electrical Vehicles, E-Z-GO, Garia Luxury Golf Car, Hitachi Chemical
Co., Ltd., Maini Material Movement Pvt. Ltd., Xiamen Dalle Electric Car Co., Ltd, and Yamaha
Golf-Car Company