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Golf Cart Manufacturing: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Golf Cart Manufacturing Market Research Report | NAICS OD4365 | Aug 2015

Tee it up: Revenue will grow, but waning consumer interest in golf may inhibit demand

The Golf Cart Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$894m
Annual Growth 10-15
-0.5%
Annual Growth 15-20
Annual Growth
Profit
Profit
Employment
623
Businesses
19
Industry Threats & Opportunities
  • Demand from foreign economies and an increasing golfer population will support growth
  • Domestic demand for imported golf carts has collapsed over the past five years
  • The industry is expected to develop new products and improve technology to boost sales
  • ... purchase to read more

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 SWOT Analysis Chapter

Golf carts have been widely accepted for use on golf courses for decades, with the industry having reached maturity long ago. Industry value added (IVA), a measure of an industry's contribution to the overall economy, is forecast to grow at an annualized rate of 1.6% over the ten years to 2020. In comparison, US GDP is anticipated to grow at an annualized rate of 2.5% over the same period of time. While IVA is forecast to grow at an annualized rate of 2.0% over the five years to 2015, but only at 1.2% over the five years to 2020.

The industry's mature life cycle stage reflects various factors. Slow growth in demand from US golf courses and the decline in US golf participation, in contrast to growing export markets are the main contributing factors. Lik.. ... 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 Trade-weighted index in the Golf Cart Manufacturing industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    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


    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
  • Trade-weighted index
  • Per capita disposable income
  • Time spent on leisure and sports
  • World price of steel
  • Current Performance
  • Golf’s uncertain future
  • Dwindling 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
  • Gas-powered golf carts
  • Golf cart parts
  • Chart: Golf Cart Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Public golf courses
  • Private golf courses
  • Country clubs and other businesses and organizations
  • Exports
  • Consumers
  • 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
    Textron Inc.
    Ingersoll-Rand Public Limited Company
  • Table: Textron Inc. - financial performance
  • Table: Ingersoll-Rand Public Limited Company - 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
  • Includes:
  • Industry Revenue (2006-2020)
  • Industry Gross Product (2006-2020)
  • Establishments (2006-2020)
  • Businesses (2006-2020)
  • Employment (2006-2020)
  • Exports (2006-2020)
  • Imports (2006-2020)
  • Wages (2006-2020)
  • Time spent on leisure and sports (2006-2020)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Golf Carts
  • Propelled vehicles that are used on a golf course, for short travel distances or for hospitality purposes
  • Neighborhood Electric Vehicles (Nev)
  • Propelled vehicles that are used for transportation in cities and communities.
  • Trade-Weighted Index (Twi)
  • This index measures the value of the dollar 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 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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