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Golf Cart Market: Global Industry Analysis by FMI

The market for golf carts has suffered a downfall over the past decade due to its dependency on golf courses and number of golfers across the globe. The penetration of golfers across the globe and high cost to establish new golf courses is the major factors that pose challenges to the golf cart manufacturers. The companies in golf cart manufacturing had to suffer decline in new sales due to the economic crisis, thus in order to compensate for the same companies such as Club Car, Inc. and E-Z GO have raised their renovation programs for the clubs which are trying to attract the gofers to their golf courses. However, the rising disposable income and change in lifestyle of the population across the globe are expected to raise the market. Additionally, the rising number of sports events such as Olympics, Asian Games and Commonwealth games are expected to raise the sales of golf carts across the globe.

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