Used Golf Cart Market to exceed $1.5 Bn by 2032, Says Global Market Insights Inc.
Major used golf cart market participants include Yamaha Golf-Car Company, Club Car, E-Z-GO, Cushman, Garia Inc., Polaris Industries Inc., Star EV, American Custom Golf Cars, JH Global Services, Inc., and Columbia Vehicle Group Inc.
Selbyville, Delaware, May 21, 2024 (GLOBE NEWSWIRE) —
The used golf cart market is expected to reach USD 1.5 billion by 2032, as reported in a
Companies like Yamaha Golf-Car Company, Club Car, and E-Z-GO focus on developing innovative features and technologies to improve the efficiency, safety, and durability of their golf carts. Strategic partnerships with retailers, rental agencies, and leisure centers allow companies to reach a wider customer base and strengthen their distribution network. Geographical expansion into emerging markets and regions where golf carts are in high demand is another important strategy used by key players to drive economic growth.
Citing an instance, in January 2024, Yamaha introduced the DRIVE H2 hydrogen concept golf cart at the 2024 PGA Show. It has two 25-liter high-pressure hydrogen tanks under the driver and the rear seat.
Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation.
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources.
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Used golf cart market 3600 synopsis, 2018 – 2032.
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Fuel trends
2.5 Application trends
2.6 Seating capacity trends
Chapter 3 Used Golf Cart Market Insights
3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Cost benefits associated with used powersports vehicles
3.10.1.2 Positive outlook for tourism activities in Latin America & the MEA
3.10.1.3 Rising investments in recreational activities
3.10.1.4 Growing demand of customized and modified golf cart
3.10.1.5 Rising commercialization across industries
3.10.2 Industry pitfalls & challenges
3.10.2.1 High maintenance and service cost
3.10.2.2 Increasing safety and environmental concern
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.3.1 Ritchie Bros
4.3.2 Club Car Inc.
4.3.3 CCE GOLF CARS
4.3.4 Winters Recreation
4.3.5 Jeffrey Allen, Inc.
4.3.6 Players Golf Cars Inc
4.3.7 Discovery Golf Cars
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022
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