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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 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
$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 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

 


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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