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