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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 | Nov 2014

On par: The industry is expected to resume growth as consumers return to the gold course

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
$524m
Annual Growth 09-14
4.7%
Annual Growth 14-19
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Profit
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Employment
1,060
Businesses
14
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 SWOT Analysis Chapter

Golf carts have been widely accepted for use on golf courses since the 1950's, with the industry having reached its mature stage 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 4.3% over the ten years to 2019. In comparison, US GDP is anticipated to grow at an annualized rate of 2.5% over the same period of time. Normally, IVA growth faster than that of GDP indicates an industry in the growth stage of its life cycle. However, high IVA growth over the ten years to 2019 is primarily attributable to the industry's recovery from the collapse in demand of 2009. While IVA is forecast to grow at an annualized rate of 8.2% over the five years to 2014, but only at 0.6% over the five years to 2019... 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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