Solar Powered Golf Cart Segment to Witness Significant Demand in North America through 2024

Increasing demand for economic and convenient alternative for travelling short distance to drive North America golf cart market during forecast period

North America Golf Cart Market

According to TechSci Research report, North America Golf Cart Market By Product, By Operating System, By End User, By Country, Competition, Forecast & Opportunities, 2024”, North America golf cart market is anticipated to grow at a brisk rate in the coming years on account of increasing utilization of golf cart in tourism, airports, hospitality and universities. Furthermore, according to the National Golf Foundation, there were over 500 golf courses under construction in various parts of the world in 2018, which is positively influencing the growth of the market in North America as well. Ease of operation, low emissions, low noise and multiple seating capacity are some of the major factors that are contributing to the growing popularity of North America golf cart market.

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North America golf cart market can be segmented based on product, operating system and end user. Based on the product, the market can be segmented into electric golf cart, solar golf cart, push pull golf cart and gasoline golf cart. Electric and solar powered golf carts are anticipated to register significant growth over the next five years on account of ongoing initiatives to reduce carbon emission, low emission and reduced maintenance. Based on the end user, market can be segmented into golf courses, tourist destinations, hotel & resorts, airports, among others. Golf course end user segment is expected to account for the major demand owing to rising popularity of golf in the region.

Yamaha Motor Co., Ltd., Ingersoll Rand Inc., JH Global Services, Inc., Textron Specialized Vehicles Inc., Tomberlin (Nordic of Companies, Ltd.), among others are the leading players operating in the North America golf cart market. The companies operating in the market are using organic strategies such as product launches, and mergers and collaborations in order to register positive growth in the market.

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“North America golf cart market is anticipated to grow at a formidable growth rate during the forecast period owing to presence of favorable policies for the low speed vehicles in the region. Moreover. The United States accounts for more than 45% of the golf courses present in the world, thereby contributing to the growing demand for golf carts in the region. Furthermore, presence of major golf cart manufacturers in the region would further steer growth in the market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“North America Golf Cart Market By Product, By Operating System, By End User, By Country, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of North America golf cart market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the North America golf cart market.

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