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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Locations Chapter

The distribution of industry locations is concentrated in the Southeast region, which has a high proportion of golf courses and comparatively low labor costs. A high number of golf courses ensures a market for golf carts and low shipping costs for producers. Industry firms also benefit from low labor costs and can widen profit margins by paying lower relative costs for workers in comparison to other parts of the United States. Car manufacturers also follow this trend by having manufacturing facilities in the same region, to benefit from lower relative labor costs.

The Master's Golf Tournament, a major golf event, takes place annually in Augusta, GA. This fact prompted many manufacturers to cluster around the area to benefit from greater interest in golf around that area... 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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