Golf Cart Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Canada, Japan, UK, Germany - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 162 SKU: IRTNTR40478

Golf Cart Market 2024-2028

  • The global golf cart market size is estimated to grow by USD 967.31 million between  2023 and 2028
  • The market is accelerating at a  compound annual growth rate of 5.23%.

The report includes a comprehensive outlook on the market offering forecasts for the industry segmented by Deployment, which comprises celectric-powered and gasoline-powered. Additionally, it categorizes End-user into commercial use and personal use and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments. The report covers market trends and analysis also includes an in-depth analysis of increasing innovations in lightweight materials for golf carts, increasing technological advancements in the manufacturing of golf carts, and rising environmental concerns from traditional use of gas-powered golf carts. 

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Key Major Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

Alphard Golf Inc: The company offers golf carts such as Alphard club booster V2 remote controlled electric golf caddy.

The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including Alphard Golf Inc., Axglo International Inc., Bat-Caddy LLC, Callaway Golf Co., Cargotec Corp., Cart Tek, Clicgear Industrial Design Hong Kong Ltd., Decathlon SA, Dynamic Brands, Golf Tech Golfartikelvertriebs GmbH, Kaddey, Maini Materials Movement Pvt. Ltd., Motocaddy, Nordic Group Ltd., Ram Golf, Stewart Golf, Sun Mountain Sports, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Inc., The Proactive Sports Group, and Yamaha Motor Co. Ltd.

Qualitative and quantitative analysis of market growth and trends of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Size And Market Dynamic

Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Drivers

Increasing innovations in lightweight materials for golf carts are notably driving market growth. Innovations in lightweight materials stand out as a key driver in the market, influencing design and performance. Manufacturers are increasingly exploring advanced materials such as carbon fiber, aluminum alloys, and composite materials to construct golf carts. These innovations aim to improve efficiency, extend battery life in electric models, and enhance overall maneuverability. The use of lightweight materials reduces the overall weight of the golf cart, contributing to energy conservation and increased range.

Additionally, lighter materials lead to improved handling and responsiveness, providing a smoother and more enjoyable user experience. This trend aligns with the broader industry focus on sustainability, as lightweight materials often have a lower environmental impact during production and contribute to energy efficiency, positioning them as a driving force behind the ongoing evolution of the market during the forecast period.

Significant Market Trends

The advent of lithium-powered golf carts is an emerging trend shaping market growth. The advent of lithium-powered golf carts represents a prominent trend in the market, transforming the industry by addressing environmental concerns and enhancing performance. Lithium-ion batteries have become the preferred power source over traditional lead-acid batteries due to their lighter weight, longer lifespan, and higher energy density. A growing emphasis on sustainability and eco-friendliness drives this trend. Lithium-powered golf carts offer a cleaner and more efficient alternative, reducing greenhouse gas emissions and contributing to a greener golfing experience. 

Moreover, the adoption of lithium-powered golf carts brings notable advantages, including faster charging times, longer-range capabilities, and lower maintenance requirements. Golfers benefit from extended playtime on a single charge, while golf course operators appreciate the reduced operational downtime for recharging. Such benefits boost the growth of the market during the forecast period.

Major Market Challenges

Rising environmental concerns from the traditional use of gas-powered golf carts is a significant challenge hindering market growth. The emissions from internal combustion engines contribute to greenhouse gas emissions and air quality issues, aligning poorly with the increasing emphasis on sustainability and environmental responsibility. While the shift towards electric golf carts is a positive step, it introduces challenges related to the environmental impact of battery production, usage, and disposal. The manufacturing and disposal of lithium-ion batteries, commonly used in electric golf carts, raise concerns about resource extraction, energy consumption, and proper recycling practices.

Moreover, the perception of golf courses as serene and environmentally conscious spaces clashes with the noise and emissions generated by gas-powered carts, leading to potential conflicts with environmental regulations and community expectations. Thus, increasing environmental concerns related to gas-powered golf carts hampers the growth of the market during the forecast period.

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Market Segmentation And Region

By Deployment

The market share growth by the electric-powered segment will be significant during the forecast period. The market is witnessing positive growth in electric-powered models, reflecting a growing emphasis on sustainability and eco-friendly transportation solutions. Electric golf carts are gaining popularity due to their lower environmental impact, reduced emissions, and cost-effective operation. These carts typically feature advanced battery technologies such as lithium-ion, offering extended range and faster charging capabilities. The electric-powered segment was the largest and was valued at USD 2,362.40 million in 2018. Electric golf carts contribute to the overall green initiatives of golf courses and clubs, aligning with the industry commitment to environmental stewardship. In response to the global push towards sustainable practices, the electric-powered segment in the market continues to evolve, with ongoing research and development efforts aimed at improving battery efficiency, reducing charging times, and incorporating cutting-edge materials. As golf courses worldwide embrace eco-friendly alternatives, the electric-powered segment is expected to play a pivotal role in shaping the future of the market during the forecast period.

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By End-user Analysis

Based on the end-user, the market has been segmented into commercial use and personal. The commercial use segment will account for the largest share of this segment.?  

Geographical Analysis

North America is estimated to contribute 55% during the forecast period.

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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The US, Canada, and Mexico are considered the traditional markets for golf carts, as golf has long remained a popular sport in those countries. Favorable geographical factors and climatic conditions are also expected to fuel the growth of the market in North America. Given the numerous golf courses, coupled with a huge number of golf enthusiasts and favorable regulatory conditions, the market in North America is likely to witness rapid growth during the forecast period. Moreover, the presence of key players such as Textron Inc., Axglo International Inc., and Callaway Golf Co. in North America renders the growth of the market in the region Further, primarily used for transportation within golf courses, resorts, and gated communities, these electric or gas-powered vehicles have witnessed steady growth in North America.

In addition, the US and Canada are the key contributors to this regional market, with a well-established golfing culture and a high number of golf courses. Factors such as increasing awareness of eco-friendly transportation solutions, coupled with the rising popularity of golf as a recreational activity, have driven the demand for golf carts in the region. Furthermore, advancements in technology have led to the development of electric golf carts with enhanced features, contributing to the growth of the regional market during the forecast period.

Golf Cart Market Scope

Report Coverage

Details

Page number

120

Base year

2023

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.23%

Market Growth 2024-2028

USD 967.31 million

Market structure

Fragmented

YoY growth (%)

5.11

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 55%

Key consumer countries

US, Canada, Japan, UK, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Alphard Golf Inc., Axglo International Inc., Bat-Caddy LLC, Callaway Golf Co., Cargotec Corp., Cart Tek, Clicgear Industrial Design Hong Kong Ltd., Decathlon SA, Dynamic Brands, Golf Tech Golfartikelvertriebs GmbH, Kaddey, Maini Materials Movement Pvt. Ltd., Motocaddy, Nordic Group Ltd., Ram Golf, Stewart Golf, Sun Mountain Sports, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Inc., The Proactive Sports Group, and Yamaha Motor Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

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.

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What are the Key Data Covered in this Golf Cart Market Research Report?

  • CAGR of the market forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global golf cart market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global golf cart market 2018 - 2022 ($ million)
    • 4.2 Deployment Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Deployment Segment 2018 - 2022 ($ million)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Deployment

    • 6.1 Market segments
      • Exhibit 30: Chart on Deployment - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Deployment - Market share 2023-2028 (%)
    • 6.2 Comparison by Deployment
      • Exhibit 32: Chart on Comparison by Deployment
      • Exhibit 33: Data Table on Comparison by Deployment
    • 6.3 Electric-powered - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Electric-powered - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Electric-powered - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Electric-powered - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Electric-powered - Year-over-year growth 2023-2028 (%)
    • 6.4 Gasoline-powered - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Gasoline-powered - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Gasoline-powered - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Gasoline-powered - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Gasoline-powered - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Deployment
      • Exhibit 42: Market opportunity by Deployment ($ million)
      • Exhibit 43: Data Table on Market opportunity by Deployment ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Commercial use - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Commercial use - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Commercial use - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Commercial use - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Commercial use - Year-over-year growth 2023-2028 (%)
    • 7.4 Personal use - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Personal use - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Personal use - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Personal use - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Personal use - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 56: Market opportunity by End-user ($ million)
      • Exhibit 57: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 Japan - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.10 Canada - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ million)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Alphard Golf Inc.
              • Exhibit 111: Alphard Golf Inc. - Overview
              • Exhibit 112: Alphard Golf Inc. - Product / Service
              • Exhibit 113: Alphard Golf Inc. - Key offerings
            • 12.4 Axglo International Inc.
              • Exhibit 114: Axglo International Inc. - Overview
              • Exhibit 115: Axglo International Inc. - Product / Service
              • Exhibit 116: Axglo International Inc. - Key offerings
            • 12.5 Bat-Caddy LLC
              • Exhibit 117: Bat-Caddy LLC - Overview
              • Exhibit 118: Bat-Caddy LLC - Product / Service
              • Exhibit 119: Bat-Caddy LLC - Key offerings
            • 12.6 Callaway Golf Co.
              • Exhibit 120: Callaway Golf Co. - Overview
              • Exhibit 121: Callaway Golf Co. - Business segments
              • Exhibit 122: Callaway Golf Co. - Key offerings
              • Exhibit 123: Callaway Golf Co. - Segment focus
            • 12.7 Cart Tek
              • Exhibit 124: Cart Tek - Overview
              • Exhibit 125: Cart Tek - Product / Service
              • Exhibit 126: Cart Tek - Key offerings
            • 12.8 Clicgear Industrial Design Hong Kong Ltd.
              • Exhibit 127: Clicgear Industrial Design Hong Kong Ltd. - Overview
              • Exhibit 128: Clicgear Industrial Design Hong Kong Ltd. - Product / Service
              • Exhibit 129: Clicgear Industrial Design Hong Kong Ltd. - Key offerings
            • 12.9 Dynamic Brands
              • Exhibit 130: Dynamic Brands - Overview
              • Exhibit 131: Dynamic Brands - Product / Service
              • Exhibit 132: Dynamic Brands - Key offerings
            • 12.10 Golf Tech Golfartikelvertriebs GmbH
              • Exhibit 133: Golf Tech Golfartikelvertriebs GmbH - Overview
              • Exhibit 134: Golf Tech Golfartikelvertriebs GmbH - Product / Service
              • Exhibit 135: Golf Tech Golfartikelvertriebs GmbH - Key offerings
            • 12.11 Nordic Group Ltd.
              • Exhibit 136: Nordic Group Ltd. - Overview
              • Exhibit 137: Nordic Group Ltd. - Business segments
              • Exhibit 138: Nordic Group Ltd. - Key offerings
              • Exhibit 139: Nordic Group Ltd. - Segment focus
            • 12.12 Ram Golf
              • Exhibit 140: Ram Golf - Overview
              • Exhibit 141: Ram Golf - Key offerings
            • 12.13 Stewart Golf
              • Exhibit 142: Stewart Golf - Overview
              • Exhibit 143: Stewart Golf - Product / Service
              • Exhibit 144: Stewart Golf - Key offerings
            • 12.14 Sun Mountain Sports
              • Exhibit 145: Sun Mountain Sports - Overview
              • Exhibit 146: Sun Mountain Sports - Product / Service
              • Exhibit 147: Sun Mountain Sports - Key offerings
            • 12.15 Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
              • Exhibit 148: Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd. - Overview
              • Exhibit 149: Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd. - Product / Service
              • Exhibit 150: Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd. - Key offerings
            • 12.16 Textron Inc.
              • Exhibit 151: Textron Inc. - Overview
              • Exhibit 152: Textron Inc. - Business segments
              • Exhibit 153: Textron Inc. - Key news
              • Exhibit 154: Textron Inc. - Key offerings
              • Exhibit 155: Textron Inc. - Segment focus
            • 12.17 The Proactive Sports Group
              • Exhibit 156: The Proactive Sports Group - Overview
              • Exhibit 157: The Proactive Sports Group - Product / Service
              • Exhibit 158: The Proactive Sports Group - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 159: Inclusions checklist
                • Exhibit 160: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 161: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 162: Research methodology
                • Exhibit 163: Validation techniques employed for market sizing
                • Exhibit 164: Information sources
              • 13.5 List of abbreviations
                • Exhibit 165: List of abbreviations

              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

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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