ICT RESEARCH REPORTS Golf-Cart-Market | Page 2

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. Browse More About the Market Study @ https://www.coherentmarketinsights.com/market-insight/golf-cart-market-1038 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. Asia Pacific holds the second largest position in the golf cart market. Increasing adoption of electric golf carts in various end-use industries such as malls, airports, and residential apartments are fueling growth of the market in the region. China, Japan, Australia, and India are the major countries driving growth of the market for golf cart in Asia Pacific. Ask for Discount before Buying @: https://www.coherentmarketinsights.com/insight/request-discount/1038 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights