Market Research News Global Golf Cart Market | Page 2

“Golf
Cart
Market:
Global
Demand
Analysis
&
Opportunity Outlook 2023”
Golf cart are basically used to travel short distances, they can also be used
in different location for different purposes such as resorts, hotels and
retirement villages and others. These carts are also used in airports and
shopping malls to carry luggage over short distance or inside a building.
The participation rate in golf game is increasing due to increasing personal
disposable income of consumers and as well as changing life style. Golf is
considered as a luxurious game; therefore higher personal disposable
income ensures that a greater number of people can afford to play golf. Golf
carts are available with various fuel inputs such as electric powered golf
cart, gasoline powered golf cart and natural powered golf cart. Due to
obvious reason of environmental pollution, electric golf cart is anticipated
to be in high demand over the forecast period.
Global Golf Cart Market is expected to register a 6.14% CAGR over the
forecast period. Moreover, the market of global golf cart market is
anticipated to reach notable revenue by the end of 2023. The market is
expected to expand on the back of the rising adoption of golf carts in the
airport sector.
The airport golf cart sector segment by end user is estimated to register a
phenomenal CAGR of 6.20% during the forecast period. Moreover, the
airport authorities are also adopting electric golf carts for various purposes
including carrying passenger, luggage and heavy utilities. The golf carts are
used inside the premises of airports to commute the passenger.
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