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The golf cart market has the potential to grow by USD 856.86 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.15%.
This golf cart market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (electric-powered and gasoline-powered), application (commercial use and personal use), and geography (North America, APAC, Europe, South America, and MEA). The golf cart market report also offers information on several market vendors, including Garia AS, HDK ELECTRIC VEHICLE, JH Global Services Inc., Maini Materials Movement Pvt. Ltd., Nordic Group Ltd., Platinum Equity Advisors LLC, SHOWA DENKO K.K., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Inc., and Yamaha Motor Co. Ltd. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The upcoming new golf courses is notably driving the golf cart market growth, although factors such as high maintenance cost may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the golf cart market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This golf cart market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the golf cart market encompasses successful business strategies deployed by the key vendors. The golf cart market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The golf cart market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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46% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for golf cart market in North America. Market growth in this region will be faster than the growth of the market in MEA.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The golf cart market share growth by the electric-powered segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the golf cart market size and actionable market insights on post COVID-19 impact on each segment.
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Golf Cart Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
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Market growth 2021-2025 |
$ 856.86 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.03 |
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Regional analysis |
North America, APAC, Europe, South America, and MEA |
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Performing market contribution |
North America at 46% |
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Key consumer countries |
US, Japan, Canada, UK, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Garia AS, HDK ELECTRIC VEHICLE, JH Global Services Inc., Maini Materials Movement Pvt. Ltd., Nordic Group Ltd., Platinum Equity Advisors LLC, SHOWA DENKO K.K., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Inc., and Yamaha Motor Co. Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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