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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 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
$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 Investment Chapter

This industry has a moderate level of capital intensity, with the average industry operator spending $0.41 on capital for every $1.00 spent on labor. Wages have increased as share of industry revenue over the five years to 2015 as industry operators have increased overall new hires. Simultaneously, golf cart manufacturers have invested in improving operating efficiency through increased investment in capital and research and development. However, while this capital investment has increased industry automation, substantial labor is still required for the manufacturing process, the design of new products, for companies’ sales teams and a variety of other processes essential to industry operations... 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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