A golf cart, also known as a golf car or golf buggy, is a small vehicle designed for transporting golfers and their equipment around a golf course. Golf carts are primarily used in golf courses but can also be found in other settings such as resorts, parks, retirement communities, and large properties.
According to the new market research report “Golf Cart- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Golf Cart market size is projected to reach USD 3.99 billion by 2030, at a CAGR of 8.8% during the forecast period.
- Global Golf Cart MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Golf Cart- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Golf Cart Top17Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Golf Cart- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Golf Cart include Yamaha Golf Cars, Club Car, Textron (E-Z-Go and Cushman), Guangdong Lvtong, Garia Inc., JH Global Services Inc, Marshell Green Power, American Custom Golf Cars, Columbia Vehicle Group Inc, Speedways Electric, etc. In 2023, the global top five players had a share approximately 68.0% in terms of revenue.
- Golf Cart,Global Market Size, Split by Product Segment
Source: QYResearch, "Golf Cart- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Four-seater is the largest segment, hold a share of 43.9%.
Market Drivers: The expansion and development of golf courses globally contribute to the demand for golf carts. As more golf courses are built or existing ones are renovated, there is a need for reliable and efficient transportation options for golfers and their equipment. Golf carts serve as an essential mode of transportation within golf courses, enhancing the overall golfing experience. The popularity of golf as a recreational sport has been increasing, leading to a larger player base. As more individuals take up golf, the demand for golf carts rises accordingly. Golf carts provide convenience and ease of navigation around the course, particularly for players who may have difficulty walking long distances or carrying their equipment.
About The Authors
| Chen - Senior Analyst
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Email: chenglijun@qyresearch.com |
| Lijun Chen is a senior research analyst who has 8 years’ experience in semiconductor, materials, chemicals and mineral resource, etc.. | |
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