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Golf Cart Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Golf Cart Manufacturing Market Research Report | Consumer Goods & Services | Leisure Product Manufacturing | Jan 2013

On par: A growing number of golfers and demand for electric carts will drive revenue growth

IBISWorld’s Golf Cart Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Ingersoll Rand Ingersoll Rand  market share
Textron Textron market share
Industry Statistics & Market Size
Revenue
$625m
Annual Growth 07-12
2.3%
Annual Growth 12-17
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Profit
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Employment
1,176
Businesses
16
Industry Analysis & Industry Trends

The industry's performance will shape up over the next five years, after declining golf participation rates hurt demand during the recession. As the economy improves, a rising number of golfers will contribute to industry growth. Also, demand for electric-powered golf carts will be a source of growth over the next five years.... purchase to read more

Industry Report - Industry Investment Chapter

The Golf Cart Manufacturing industry carries a high level of capital intensity. For every dollar spent on labor, golf cart operators invest about $0.41 in capital equipment. Over the five years to 2012, industry wages have grown minimally, by about 1.6% annually. Instead, operators have chosen to improve technology acquisitions, increase importation of finished parts and components and spend more on research and development. As a result, capital investment is estimated to have grown in the past five years. Increasing import competition and a growing trade deficit have caused industry companies to invest in these labor-saving technologies that will produce greater cost efficiencies.

Golf cart manufacturers have mainly focused on streamlining the manufacturing process... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Golf Cart Manufacturing Industry?

Industry firms manufacture golf carts. These products are used for transportation on golf courses and to a lesser extent, for transportation in gated and elderly communities.

Industry Products
Electric-powered golf cartsGas-powered golf cartsGolf cart parts
 
Industry Activities
Electric-powered golf cartGas-powered golf cartGolf cart parts


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