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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Ingersoll Rand Ingersoll Rand  market share
Textron Textron market share
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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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 Key Buyers Chapter

The Golf Cart Manufacturing industry has a moderate to high level of market share concentration, with the industry's four largest companies expected to account for less than 41.6% of overall industry revenue. Industry market share concentration has grown over the past five years. Despite the lack of acquisitions, the industry's largest firms, Textron and Ingersoll Rand, have pumped money into their respective subsidiaries, E-Z-GO and Club Car. This strategy has allowed these firms to increase their market share by expanding their manufacturing capacity. Additionally, concentration increased during the recession as smaller players pulled back expenses, in turn, producing fewer golf carts... 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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