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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Analysis Chapter

Over the five years to 2012, the Golf Cart Manufacturing industry has lost a little juice. Golf cart demand depends on golf courses and country clubs; when golfers reduce visits, the effects reverberate up the supply chain to manufacturers. Therefore, the bursting of the housing bubble, the financial crash of 2008 and the subsequent recession affected the industry. These factors led to a sharp rise in unemployment and a steep reduction in consumers' spending power, which had a significant negative impact on golf cart manufacturers. Already suffering from slowly diminishing golf participation rates among Americans, the industry was dealt a severe blow in 2009 when revenue sank 28.8%, pushing revenue to its lowest point in more than a decade... 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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