PORTLAND, ORAGON, UNITED STATES, August 24, 2022 /EINPresswire.com/ — The America golf cart market size was valued at $1,191.2 million in 2018, and is projected to reach at $1,627.6 million by 2026, growing at a CAGR of 3.9% from 2019 to 2026
Golf cart is a type of low speed vehicle driven by electric motors, which is gas-powered or is specifically envisioned for utilization in golf courses for transportation of golfers and the equipment within the course premises. It is also known as non-highway or off-road vehicle with an average speed between 25 and 50 kmph.
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The major companies profiled in the America golf cart market share Club Car (Ingersoll-Rand plc.), Garia, Hitachi Chemical Co., Ltd., Star EV (JH Global Services, Inc.), Columbia Vehicle Group Inc., Evolution Electric Vehicle (HDK electric vehicles), GEM (Polaris Industries Inc.), EZ- GO (Textron Inc.), ICON Electric Vehicles, Yamaha Golf-Car Company, Smart Cart Electric Vehicles, and Bintelli Electric Vehicles.
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The America golf cart industry is segmented based on passenger capacity, type, fuel type, application, capacity, and region. Passenger capacity segment includes two passengers, four passengers, six passengers, and eight and more passengers. Based on type, it is bifurcated into open and enclosed. Based on fuel type, the America golf cart market is segmented into gasoline and electric. Based on application, it is categorized into golf course, personal service, and commercial services. Moreover, the commercial services segment is further segmented in to applications such as resorts, rental shuttle or taxi, universities, airports, hospitals, entertainment amusement parks, convention centers, sports stadiums, and zoos. Based on region, the America golf cart market share is analyzed across America.
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There has been an increase in the global population; and today, the global population in 2018 has crossed 7.6 billion. Every year, the world population grows approximately by 43 million. This boom in population has created many opportunities for many businesses and this is also true for the America golf cart market. This is owing to the demand for compact and maneuverable vehicles that occupy small parking space. Globalization on the other hand helps organizations develop international influence and this influence has helped change the outlook of different countries and region. Globalization has helped people to vouch for a different and better lifestyle; it has encouraged the people to spend more and get the best service possible. This drives the growth of the America golf cart market.
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Key Benefits for America Golf Cart Market:
This study comprises analytical depiction of the America golf cart market trends with current trends and future estimations to depict the imminent investment pockets.
The overall potential is determined to understand the profitable trends to gain a stronger foothold.
The America golf cart market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current growth and forecast is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
The study also comprises the America golf cart market opportunity which will help key players in decision making.
America golf cart market forecast report highlights the potential opportunities for the market expansion.
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