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Global Golf Cart Market Growth by 2030 | Inkwood Research

The global golf cart market is anticipated to capture $3308.55 million by 2030, growing at a CAGR of 5.78% during the forecast period. Get Free Sample Report.<br>

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Global Golf Cart Market Growth by 2030 | Inkwood Research

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  1. Increasing Golf Courses to Accelerate Global Golf Cart Market Growth with 5.78% CAGR As per Inkwood Research, the Global Golf Cart Market is predicted to register a CAGR of 5.78% in terms of revenue during the forecasting years of 2022-2030. “Browse 42 market Data Tables and 41 Figures spread over 159 Pages, along with an in-depth TOC on the Global Golf Cart Market Forecast 2022-2030.” VIEW TABLE OF CONTENT LINK -https://inkwoodresearch.com/reports/golf-cart-market/#table-of- contents Golf carts entail low-speed vehicles (LSVs) that use an internal combustion engine (ICE) or an electric motor. The carts are utilized to move golfers, in addition to their gear around a golf course. The top speed of a golf cart is typically lower than 45 kilometers per hour. REQUEST FREE SAMPLE LINK -https://inkwoodresearch.com/reports/golf-cart-market/#request- free-sample Increasing Number of Golf Courses to Augment Global Market Growth Since golf courses are anticipated to grow in size and require regular maintenance, the demand for golf carts has increased over recent years. Consequently, owing to the expanding number of golf courses, there is a higher need for ensuring mobility due to the broader area. This factor plays an essential role in supplementing the total golf cart sales.

  2. As per the National Golf Foundation, the United States had 24.8 million golfers in 2020, indicating an increase of 500,000 compared to 2019. The increase in the number of players further results in the rising demand for golf carts. Moreover, in the Asia-Pacific, countries such as India, Vietnam, China, and Thailand are witnessing a surge in golf courses, primarily because of the increasing popularity of the sport and the growth in golf tourism. As a result, the increasing number of golf courses is expected to propel the golf cart market during the forecast period. One-to-Four-Seater to be the Leading & Dominating Seating Capacity One-seater golf carts are gaining traction as they are affordable as well as environmentally beneficial to acquire and operate. These carts observe significant demand among seasoned golfers, as well. One-seater golf carts also entail numerous advantages, including the fact that they operate like regular golf carts while being relatively simpler to use. Powered by a single 24V lithium battery, these golf carts also feature space for golf bag carriers, thus eliminating the need for buggies’ drivers to hoist two battery sets weighing 25 kilograms each. On the other hand, two-seater golf carts or buggies are used on golf courses since they can transport two passengers while also offering storage space for golf equipment. Some of the major vendors manufacturing two-seater golf carts include E-Z-Go, Yamaha, Club Car, and others. Asia-Pacific to Lead the Global Market by End of Forecast Period The Asia-Pacific is anticipated to progress with the highest CAGR over the estimated period. The regional market’s growth is primarily credited to fiscal as well as monetary policies and the growing demand from premium buyers. The global golf cart market observes heightened rivalry between players to acquire newer geographical spaces, such as the Asia-Pacific. As a result, the threat of rivalry within the global market is intense. The top players in the market are HDK Electric Vehicle, Garia, Club Car, etc. Request for Customization: https://inkwoodresearch.com/request-for-custom-report/ About Inkwood Research Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa. Contact Us https://www.inkwoodresearch.com sales@inkwoodresearch.com 1-(857)293-0150 Related Reports: GLOBAL ROBOTIC LAWN MOWER MARKET GLOBAL ATV AND UTV MARKET

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