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golf cart market is projected to reach $1.79 billion by 2028

The global golf cart market size was valued at $1.62 billion in 2018, and is projected to reach $2.25 billion by 2026, registering a CAGR of 4.2% from 2019 to 2026.

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golf cart market is projected to reach $1.79 billion by 2028

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  2. Golf Cart Market The golf cart market was valued at $1.34 billion in 2020, and is projected to reach $1.79 billion by 2028, registering a CAGR of 3.9% from 2021 to 2028  Golf cart is a type of low-speed vehicle driven by electric motors, which is gas-powered and is specifically envisioned for utilization in golf courses for transportation of golfers and equipment within the course premises. It is also known as non-highway or off-road vehicle with the average speed between 25 and 50 kmph.  Request Customization

  3. Golf Cart Market The COVID-19 outbreak severely impacted the golf cart industry on a global level. The rapid spread of COVID-19 in the North America, Europe, and Asian economies resulted in nationwide lockdowns and a temporary halt of production facilities to prevent further spread. Furthermore, the golf courses were being forced to remain closed due to lockdown and social distancing measures, resulting in a sharp drop in the number of rounds played at the beginning of 2020 which resulted in the declining sales of golf carts on a global level. However, the ease of customizability and use of golf carts as slow speed vehicle is foreseen to reinforce the demand of golf carts during the forecast duration. Connect Analyst

  4. Golf Cart Market • Key Benefits For Stakeholders • This study presents analytical depiction of the golf cart market analysis along with the current trends and future estimations to depict the imminent investment pockets. • The overall market potential is determined to understand the profitable trends to gain a stronger foothold. • The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis. • The current golf cart market size is quantitatively analyzed from 2020 to 2028 to benchmark the financial competency. • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the golf cart industry. Purchase Enquiry

  5. Golf Cart Market • MajorCompanies: • Garia Inc. • Platinum Equity Aadvisors, LLC (Club Car) • Textron Inc. (E‑Z‑GO) • Yamaha Motor Co., Ltd. • Showa Denko (Hitachi Chemicals) • Maini Group • Nordic Group of Companies, Ltd. • Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd  • Xiamen Dalle New Energy automobile Co., Ltd.  • Atul Auto Limited Request Customization [ "COVID-19 impact" ]

  6. Golf Cart Market Contact: DavidCorrea 5933 NE Win Sivers Drive #205, Portland, OR 97220 UnitedStates Toll Free(USA/Canada): +1-800-792-5285, +1-503-894-6022,+1-503-446-1141 UK: +44-845-528-1300 Hong Kong:+852-301-84916 India (Pune): +91-20-66346060 Fax:+1⟨855⟩550-5975 help@alliedmarketresearch.com Web:https://www.alliedmarketresearch.com

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