Below par: 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.


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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Locations Chapter

    Given the very small number of total establishments in the Golf Cart Manufacturing industry, businesses are heavily concentrated in two regions of the country: The Southeast and the West. In particular, Georgia is home to three of the largest industry operators: Yamaha Motor Company Ltd., Club Car Corporation and E-Z-GO Corporation. In general, the Southwest has experienced growth in manufacturing over the past several decades, due to its low tax burden and cost of labor. Additionally, Augusta Georgia is home to the Masters Tournament, one of the four major professional golf tournaments in the United States and the only major even that takes place annually in the same location. Thi..

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    Yamaha CorporationIngersoll-Rand PLCTextron Inc.
  • Table: Yamaha Corporation - financial performance
  • Table: Ingersoll-Rand PLC - financial performance
  • Table: Textron Inc. - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Golf Cart Manufacturing Industry
  • 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
    Jargon & Glossary
    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.
  • Why buy this report?

    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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