Below par: Revenue will grow, but waning consumer interest in golf may inhibit demand

The Golf Cart Manufacturing industry has only recently begun to emerge from its recessionary slump. Moreover, golf cart manufacturers have found it increasingly difficult to expand their sales each year, with country clubs and golf courses withholding purchases of new carts and choosing to prolong the life of their existing fleet instead. Despite these difficulties, revenue has grown. Over the five years to 2022 the industry is expected to decline modestly as as pent up demand from the recession is satiated. To counteract the effects of waning consumer interest in golf, the industry has expanded the technology range of its products, and it will continue to target consumers off the golf course over the next five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
8.5%
Forecast Growth 17-22
Profit
Employment
2,142
Businesses
10

Industry Threats & Opportunities

  • To counteract the effects of waning consumer interest in golf, the industry has expanded its range
  • As the number Americans playing golf has declined, operators have expanded their product lines
  • The industry is expected to develop new products and improve technology to boost sales
  • Industry Report - Industry Analysis Chapter

    Over the five years to 2017, the Golf Cart Manufacturing industry has been recovering from its recessionary depths; however, during this five-year period a critical structural dilemma facing the industry was exposed: The United States’ declining interest in golf culture.Demand for golf cart manufacturing largely depends on purchases from golf course and country club owners; when golfers reduce club visits, the effects reverberate up the supply chain to golf cart manufacturers. The industry’s prolonged decline has, until now, been largely the result of elevated unemployment levels and a slow growth in consumer spending, which had a significant negative effect on golf cart manufacturers. Bot...purchase to read more.

    Additional Insights for the Golf Cart Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Golf Cart Manufacturing Industry are

  • Proximity to key markets
  • Economies of scale
  • Provision of superior after sales service
  • IBISWorld analysts also discuss how external factors such as Demand from golf courses and country clubs and Per capita disposable income in the Golf Cart Manufacturing industry impact industry performance..

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    What's in this report

    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 carts and parts
  • Gas-powered golf carts and parts
  • Industry Activities
  • Electric-powered golf cart
  • Gas-powered golf cart
  • Golf cart parts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from golf courses and country clubs
  • Per capita disposable income
  • Trade-weighted index
  • Time spent on leisure and sports

  • Current Performance
  • Golf’s uncertain future
  • International trade
  • Profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic demand
  • International growth
  • Table: Golf Cart Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Golf Cart Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Golf Courses & Country Clubs
  • Golf Driving Ranges & Family Fun Centers

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Structural Metal Product Manufacturing
  • Tire Manufacturing

  • Products & Services
  • Electric-powered golf carts and parts
  • Gas-powered golf carts and parts
  • Chart: Golf Cart Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Private golf courses and country clubs
  • Public golf courses
  • Consumers
  • Exports
  • Chart: Major Market Segmentation for the Golf Cart Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Golf Cart Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Golf Cart Manufacturing Industry

  • Industry Globalization
    Yamaha Corporation, Ingersoll-Rand PLC, Textron Inc.,
  • Table: Yamaha Corporation - financial performance
  • Table: Ingersoll-Rand PLC - financial performance
  • Table: Textron Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Golf Cart Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Golf Cart Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Time spent on leisure and sports (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Golf Carts
  • Vehicles that are used on a golf course, for traveling short distances or for hospitality purposes
  • Neighborhood Electric Vehicles (Nev)
  • Vehicles that are used for transportation in cities and communities.
  • Trade-Weighted Index (Twi)
  • This index measures the value of the dollar relative to other currencies.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Golf Cart Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Golf Cart Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Golf Cart Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Golf Cart Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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