America Golf Cart Market to Reach $1.62 Bn by 2026 at 3.9% CAGR: Allied Market Research Growth in population coupled with rise in purchasing power, strict government rules and regulations toward vehicle emission, and rise in number of golf courses and country clubs fuel the growth of the America golf cart market. Allied Market Research published a report, titled, “America Golf Cart Market by Passenger Capacity, Type, Fuel Type, Application, And Capacity: Opportunity Analysis and Industry Forecast, 2019–2026,” As per the report, the America Golf Cart market was estimated at $1.19 billion in 2018 and is expected to hit $1.62 billion by 2026, garnering a CAGR of 3.9% from 2019 to 2026. The report also offers an in-depth analysis of top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. Growth in population coupled with rise in purchasing power, strict government rules & regulations toward vehicle emission, and rise in number of golf courses and country clubs fuel the growth of the America golf cart market. On the other hand, high initial maintenance and purchasing cost, low power & speed, and low overall drive range hamper the growth to some extent. However, technological advancements for golf carts and reduction in cost of fuel cells as well as batteries are expected to create multiple opportunities for the key players in the industry. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5376
The 4 passengers segment to lead the trail during the forecast periodBased on passenger capacity, the 4 passengers segment accounted for more than half of the total market share in 2018 and is expected to dominate through 2019–2026. The fact that it has more leg space and load carrying capacity when compared with basic two-seater golf carts spurs the growth of the segment. The 8 and more passengers segment, on the other hand, is expected to grow at the fastest CAGR of 7.0% till 2026.
The open segment to maintain its dominance during the estimated periodBased on type, the open segment contributed to more than four-fifths of the total revenue in 2018 and is anticipated to be dominant during the study period. The simple, rugged and powerful nature of open golf carts drive the growth of the segment.
U.S to retain its top status till 2026 Based on region, U.S. generated the highest share in 2018, accounting for more than three-fourths of the total market. The presence of leading golf manufacturers, which are constantly contributing to the development of better golf carts by incorporating convenient and safety features into the cart has propelled the growth. On the other hand, Brazil would showcase the highest CAGR of 7.3% throughout the study period. For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5376
Frontrunners in the Industry Leading market players discussed in the America golf cart market report include Garia, Hitachi Chemical Co., Ltd., Columbia Vehicle Group Inc., ICON Electric Vehicles, Evolution Electric Vehicle (HDK electric vehicles), Club Car (Ingersoll-Rand plc,), GEM (Polaris Industries Inc.), EZ-GO (Textron Inc.), Bintelli Electric Vehicles, Yamaha Golf-Car Company, Star EV (JH Global Services, Inc.), and Smart Cart Electric Vehicles. Access
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https://www.alliedmarketresearch.com/knowledgetree Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas. Similar Reports: Golf Cart Market Expected to Reach $2,591.69 Million by 2023 North America was the highest revenue contributor to the golf cart market in 2016, accounting for around 38.76% share, owing to surge in demand for mobility for short distance across the villages and community areas. Low speed electric vehicle Market is Predicted to Reach $7,617.3 Million by 2025 The market is primarily driven by stringent government rules and regulations toward vehicle emission and increase in fuel costs. In addition, rise in pollution, technological advancements, surge in automobile industry, and decrease in fossil fuel reserves have fueled the growth in the development and production of low speed electric vehicle. About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.� AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary
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