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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 | Aug 2015

Tee it up: Revenue will grow, but waning consumer interest in golf may inhibit demand

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
$894m
Annual Growth 10-15
-0.5%
Annual Growth 15-20
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Profit
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Employment
623
Businesses
15
Industry Analysis & Industry Trends

The Golf Cart Manufacturing industry has struggled to recover the losses it suffered amid the recession. However, the industry is expected to grow over the next five years, albeit at a slow rate. Industry growth will likely hinge on demand from foreign economies, particularly from rapidly developing countries as domestic interest in golf, especially among youth athletes, is expected to continue its decline. Nevertheless, the industry will continue to seek growth in domestic sales through the development of new products that attract customers with increased performance and improved technologies that create more energy-efficient carts and more capable off-road vehicles.... purchase to read more

Industry Report - Industry Products Chapter

Electric-powered golf carts

The largest share of the industry's product and services is electric-powered golf carts. These carts are powered by an electric motor and rely on batteries for its power. These carts typically do not have the horsepower that gas-powered golf carts have, and they often need recharging after two hours of continuous use (about 22 to 30 miles, depending on usage and the outer lying terrain). Smaller golf carts are ideal candidates for electric power since larger ones that are built to carry cargo and transport people require constant recharging... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Golf Cart Manufacturing Industry?

Companies in this industry manufacture golf carts. Industry products are used for passenger transport on golf courses and, to a lesser extent, for transportation in other settings, such as 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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