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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 SWOT Analysis Chapter

Golf carts have been widely accepted for use on golf courses for decades, with the industry having reached maturity long ago. Industry value added (IVA), a measure of an industry's contribution to the overall economy, is forecast to grow at an annualized rate of 1.6% over the ten years to 2020. In comparison, US GDP is anticipated to grow at an annualized rate of 2.5% over the same period of time. While IVA is forecast to grow at an annualized rate of 2.0% over the five years to 2015, but only at 1.2% over the five years to 2020.

The industry's mature life cycle stage reflects various factors. Slow growth in demand from US golf courses and the decline in US golf participation, in contrast to growing export markets are the main contributing factors... 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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