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
Having existed for about 60 years, the Golf Cart Manufacturing industry passed its growing life cycle stage long ago, and new product developments have failed to return it to significant growth. Over the 10 years to 2017, the industry's value added or contribution to the overall economy is projected to increase at an annualized rate of 3.7%. In contrast, GDP is expected to increase at an annualized rate of 1.8%, reflecting the industry's relatively stable share of the economy.
The industry's mature life cycle stage reflects various factors. Slow growth in demand from US golf courses and a stable participation rate among the US population are the main contributing factors... purchase to read more