On par: A growing number of golfers and demand for electric carts will drive revenue growth
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.
Industry Statistics & Market Size
Annual Growth 07-12
Annual Growth 12-17
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 Products Chapter
Electric-powered golf carts
The largest share of the industry's product and services is electric-powered golf carts. These carts are powered by an electric motor and rely on batteries for its power. These carts typically do not have the horsepower that gas-powered golf carts have, and they often need recharging after two hours of continuous use (about 22 to 30 miles, depending on usage and the outer lying terrain). Smaller golf carts are ideal candidates for electric power since larger ones that are built to carry cargo and transport people require constant recharging... purchase to read more
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.
Electric-powered golf cartsGas-powered golf cartsGolf cart parts
Electric-powered golf cartGas-powered golf cartGolf cart parts