U.S. Golf Cart Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2032

Description

Persistence Market Research has recently released a comprehensive report on the U.S. Golf Cart Market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the U.S. Golf Cart Market from 2024 to 2031.

Key Insights:

U.S.Golf Cart Market Size (2024E): US$ 812.1 Mn
Projected Market Value (2031F): US$ 1.23 Bn
U.S. Market Growth Rate (CAGR 2024 to 2031):4.3 %

Golf Cart Market - Report Scope:

Golf carts have evolved beyond their traditional use in golf courses, finding applications in residential communities, commercial establishments, and industrial settings. These versatile vehicles are designed for short-distance transportation, offering a sustainable and efficient solution for various mobility needs. The market caters to golf courses, resorts, gated communities, airports, and industrial warehouses, with products ranging from electric to gasoline-powered carts.

Market Growth Drivers:

The U.S. golf cart market is propelled by several key factors, including the growing popularity of golf as a leisure activity and the expanding use of golf carts in non-golf applications. Increased demand for eco-friendly and electric vehicles, coupled with advancements in battery technology, further drives market expansion. Urbanization and the rising number of planned residential communities also contribute to the growing adoption of golf carts for personal transportation.

Moreover, the increasing emphasis on sustainability and the transition to electric vehicles have led to innovations in electric golf carts, enhancing energy efficiency, durability, and overall performance. These advancements, alongside supportive government regulations promoting low-emission vehicles, are fostering the growth of the U.S. golf cart market.

Market Restraints:

Despite promising growth prospects, the U.S. golf cart market faces challenges such as high initial investment costs, limited battery range, and maintenance concerns. The availability of cheaper alternatives and resistance to adopting new mobility solutions in some regions also impede market growth. Additionally, the lack of infrastructure for electric golf carts, particularly in rural areas, poses a barrier to widespread adoption.

Addressing these challenges requires industry stakeholders to invest in research and development, focusing on cost-effective, long-lasting, and user-friendly solutions that cater to diverse customer needs.

Market Opportunities:

The U.S. golf cart market presents significant growth opportunities driven by innovations in electric mobility and expanding applications in tourism, hospitality, and urban mobility. The integration of smart technologies, such as GPS navigation, remote control systems, and IoT connectivity, enhances user experience and operational efficiency, creating new avenues for market players.

Furthermore, the rising trend of using customized golf carts for branding and promotional purposes offers a niche market opportunity for manufacturers. Partnerships with tourism boards, real estate developers, and industrial players can unlock new revenue streams and drive market expansion.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the U.S. golf cart market?
How are advancements in electric mobility influencing the adoption of golf carts across various sectors?
Who are the key players in the U.S. golf cart market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the U.S. golf cart market?

Competitive Intelligence and Business Strategy:

Leading players in the U.S. golf cart market, including Textron Inc., Yamaha Golf-Car Company, and Club Car LLC, focus on innovation, product diversification, and strategic collaborations to gain a competitive edge. These companies are investing in R&D to develop advanced electric and hybrid models, catering to the growing demand for sustainable mobility solutions.

Collaborations with real estate developers, golf course operators, and commercial entities facilitate market penetration and promote product adoption. Emphasis on customer education, after-sales services, and fleet management solutions further enhances market growth and strengthens customer loyalty.

Key Companies Profiled:

Textron Inc.
Yamaha Golf-Car Company
Club Car LLC
Polaris Inc.
Garia Inc.
Columbia Vehicle Group, Inc.
Bintelli Electric Vehicles

Segmentation of U.S. Golf Cart Industry Survey

By Product Type:

Electric Golf Carts
Gasoline Golf Carts

By Seating Capacity:

Small (2-4) Golf Carts
Medium (6-8) Golf Carts
Large (10+) Golf Carts

By End Use:

Golf Clubs
Hotels/Resorts
Housing Projects
Airports
Railways
PSUs
Private Communities

By Region:

Northeastern United States Golf Cart Market
Western United States Golf Cart Market
Midwestern United States Golf Cart Market
Southern United States Golf Cart Market

Product Code: PMRREP33133

1. Executive Summary

1.1. Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. U.S. Golf Cart Market Demand Analysis 2019 - 2023 and Forecast, 2024 - 2032

5.1. Historical Market Volume (Units) Analysis, 2019 - 2023
5.2. Current and Future Market Volume (Units) Projections, 2024 - 2032
5.3. Y-o-Y Growth Trend Analysis

6. U.S. Golf Cart Market - Pricing Analysis

6.1. Regional Pricing Analysis By Product Type
6.2. U.S. Average Pricing Analysis Benchmark

7. U.S. Golf Cart Market Demand (in Value or Size in US$ Bn) Analysis 2019 - 2023 and Forecast, 2024 - 2032

7.1. Historical Market Value (US$ Bn) Analysis, 2019 - 2023
7.2. Current and Future Market Value (US$ Bn) Projections, 2024 - 2032
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. U.S. GDP Growth Outlook
- 8.1.2. U.S. Automotive Production
- 8.1.3. U.S. Electric Vehicles Industry Overview
- 8.1.4. Industry Value-Added by Country
- 8.1.5. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Top Companies Historical Growth
- 8.2.2. Rate of Urbanization
- 8.2.3. Other Forecast Factors
8.3. Value Chain
- 8.3.1. List of Raw Material Suppliers
- 8.3.2. List of Product Manufacturers
- 8.3.3. List of End Users
- 8.3.4. Trade Margins/Profit Margins
8.4. COVID-19 Crisis - Impact Assessment
- 8.4.1. Current Statistics
- 8.4.2. Short-Mid-Long Term Outlook
- 8.4.3. Likely Rebound
8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis

9. U.S. Golf Cart Market Analysis 2019 - 2023 and Forecast 2024 - 2032, By Product Type

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Product Type, 2019 - 2023
9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Product Type, 2024 - 2032
- 9.3.1. Electric Golf Cart
- 9.3.2. Gasoline Golf Cart
9.4. Market Attractiveness Analysis By Product Type

10. U.S. Golf Cart Market Analysis 2019 - 2023 and Forecast 2024 - 2032, By Seating Capacity

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Seating Capacity, 2019 - 2023
10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Seating Capacity, 2024 - 2032
- 10.3.1. Small (2-4)
- 10.3.2. Medium (6-8)
- 10.3.3. Large (10+)
10.4. Market Attractiveness Analysis By Seating Capacity

11. U.S. Golf Cart Market Analysis 2019 - 2023 and Forecast 2024 - 2032, By End User

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Bn) and Volume Analysis By End User, 2019 - 2023
11.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By End User, 2024 - 2032
- 11.3.1. Golf Clubs
- 11.3.2. Hotels/Resorts
- 11.3.3. Housing Projects
- 11.3.4. Others (Private)
- 11.3.5. Airports
- 11.3.6. Railways
- 11.3.7. PSUs
- 11.3.8. Private Community
- 11.3.9. Others (Gov)
11.4. Market Attractiveness Analysis By End User

12. U.S. Golf Cart Market Analysis 2019 - 2023 and Forecast 2024 - 2032, by Region

12.1. Introduction
12.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019 - 2023
12.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2024 - 2032
- 12.3.1. Northeast U.S.
- 12.3.2. Midwest U.S.
- 12.3.3. South U.S.
- 12.3.4. Western U.S.
12.4. Market Attractiveness Analysis By Region

13. Northeast U.S. Golf Cart Market Analysis 2019 - 2023 and Forecast 2024 - 2032

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019 - 2023
13.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024 - 2032
- 13.4.1. By Product Type
- 13.4.2. By Seating Capacity
- 13.4.3. By End User
13.5. Market Attractiveness Analysis
- 13.5.1. By Product Type
- 13.5.2. By Seating Capacity
- 13.5.3. By End User
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis

14. Midwest U.S. Golf Cart Market Analysis 2019 - 2023 and Forecast 2024 - 2032

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019 - 2023
14.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024 - 2032
- 14.4.1. By Product Type
- 14.4.2. By Seating Capacity
- 14.4.3. By End User
14.5. Market Attractiveness Analysis
- 14.5.1. By Product Type
- 14.5.2. By Seating Capacity
- 14.5.3. By End User
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis

15. South U.S. Golf Cart Market Analysis 2019 - 2023 and Forecast 2024 - 2032

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019 - 2023
15.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024 - 2032
- 15.4.1. By Product Type
- 15.4.2. By Seating Capacity
- 15.4.3. By End User
15.5. Market Attractiveness Analysis
- 15.5.1. By Product Type
- 15.5.2. By Seating Capacity
- 15.5.3. By End User
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis

16. West U.S. Golf Cart Market Analysis 2019 - 2023 and Forecast 2024 - 2032

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019 - 2023
16.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024 - 2032
- 16.4.1. By Product Type
- 16.4.2. By Seating Capacity
- 16.4.3. By End User
16.5. Market Attractiveness Analysis
- 16.5.1. By Product Type
- 16.5.2. By Seating Capacity
- 16.5.3. By End User
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis

17. Market Structure Analysis

17.1. Market Analysis by Tier of Companies (Golf Carts)
17.2. Market Share Analysis of Top Players
17.3. Golf Carts Imported vs Locally Produced
17.4. Market Presence Analysis

18. Competition Analysis

18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive
- 18.3.1. Club Car, LLC
  - 18.3.1.1. Overview
  - 18.3.1.2. Product Portfolio
  - 18.3.1.3. Sales Footprint
  - 18.3.1.4. Strategy Overview
    - 18.3.1.4.1. Marketing Strategy
    - 18.3.1.4.2. Product Strategy
    - 18.3.1.4.3. Channel Strategy
- 18.3.2. E-Z-GO
  - 18.3.2.1. Overview
  - 18.3.2.2. Product Portfolio
  - 18.3.2.3. Sales Footprint
  - 18.3.2.4. Strategy Overview
    - 18.3.2.4.1. Marketing Strategy
    - 18.3.2.4.2. Product Strategy
    - 18.3.2.4.3. Channel Strategy
- 18.3.3. Yamaha Motor Corporation
  - 18.3.3.1. Overview
  - 18.3.3.2. Product Portfolio
  - 18.3.3.3. Sales Footprint
  - 18.3.3.4. Strategy Overview
    - 18.3.3.4.1. Marketing Strategy
    - 18.3.3.4.2. Product Strategy
    - 18.3.3.4.3. Channel Strategy
- 18.3.4. Polaris Industries
  - 18.3.4.1. Overview
  - 18.3.4.2. Product Portfolio
  - 18.3.4.3. Sales Footprint
  - 18.3.4.4. Strategy Overview
    - 18.3.4.4.1. Marketing Strategy
    - 18.3.4.4.2. Product Strategy
    - 18.3.4.4.3. Channel Strategy
- 18.3.5. Textron Inc
  - 18.3.5.1. Overview
  - 18.3.5.2. Product Portfolio
  - 18.3.5.3. Sales Footprint
  - 18.3.5.4. Strategy Overview
    - 18.3.5.4.1. Marketing Strategy
    - 18.3.5.4.2. Product Strategy
    - 18.3.5.4.3. Channel Strategy
- 18.3.6. Cruise Car Inc
  - 18.3.6.1. Overview
  - 18.3.6.2. Product Portfolio
  - 18.3.6.3. Sales Footprint
  - 18.3.6.4. Strategy Overview
    - 18.3.6.4.1. Marketing Strategy
    - 18.3.6.4.2. Product Strategy
    - 18.3.6.4.3. Channel Strategy
- 18.3.7. Garia Golf Carts
  - 18.3.7.1. Overview
  - 18.3.7.2. Product Portfolio
  - 18.3.7.3. Sales Footprint
  - 18.3.7.4. Strategy Overview
    - 18.3.7.4.1. Marketing Strategy
    - 18.3.7.4.2. Product Strategy
    - 18.3.7.4.3. Channel Strategy
- 18.3.8. STAR EV Corporation
  - 18.3.8.1. Overview
  - 18.3.8.2. Product Portfolio
  - 18.3.8.3. Sales Footprint
  - 18.3.8.4. Strategy Overview
    - 18.3.8.4.1. Marketing Strategy
    - 18.3.8.4.2. Product Strategy
    - 18.3.8.4.3. Channel Strategy
- 18.3.9. Tomberlin U.S.A
  - 18.3.9.1. Overview
  - 18.3.9.2. Product Portfolio
  - 18.3.9.3. Sales Footprint
  - 18.3.9.4. Strategy Overview
    - 18.3.9.4.1. Marketing Strategy
    - 18.3.9.4.2. Product Strategy
    - 18.3.9.4.3. Channel Strategy
- 18.3.10. Spartan-EV
  - 18.3.10.1. Overview
  - 18.3.10.2. Product Portfolio
  - 18.3.10.3. Sales Footprint
  - 18.3.10.4. Strategy Overview
    - 18.3.10.4.1. Marketing Strategy
    - 18.3.10.4.2. Product Strategy
    - 18.3.10.4.3. Channel Strategy
- 18.3.11. ICON Electric Vehicles
  - 18.3.11.1. Overview
  - 18.3.11.2. Product Portfolio
  - 18.3.11.3. Sales Footprint
  - 18.3.11.4. Strategy Overview
    - 18.3.11.4.1. Marketing Strategy
    - 18.3.11.4.2. Product Strategy
    - 18.3.11.4.3. Channel Strategy

(Note: The list of companies is not exhaustive, the company list may be refined and augmented during the course of research)