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    North America Golf Cart Market Forecast 2027 By Application (Golf Courses, Commercial Services), By Fuel Type (Gas, Electric, Solar-powered), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: April 2022   |   Report ID: GR2098   |   Delivery: PDF  Request Free Sample

    North America Golf Cart Market size crossed USD 1 billion in 2020 and is poised to expand at a CAGR of 4% from 2021 to 2027. The rising disposable income and increasing golf facilities will propel the market demand. In addition, rising golf cart deployments in hotels and resorts owing to higher efficiency and band maneuverability will support the market growth.

    North America Golf Cart Market Size By Region

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    The COVID-19 pandemic severely affected the automotive industry owing to the global lockdown and travel restrictions. The production process of golf carts was impacted owing to raw material & labor shortages. Manufacturing shutdowns and shipping delays affected the golf cart market revenue during the pandemic period. However, the market is witnessing recovery owing to increasing hotel & resort constructions along with the rising popularity of recreational activities among the youth.

    North America Golf Cart Market, By Fuel Type

    Solar golf carts are witnessing an upward trend in the market due to their environment-friendly nature. They are powered by mounting a photovoltaic panel on top of the existing roof. The charge controller converts the sun’s energy to charge golf cart batteries. Solar energy extends battery life and increases driving distances along with taking carts off the electric grid.

    Solar-powered golf carts provide a better range than conventional golf carts with high mileage. Solar power also eliminates overcharging risks. Several government initiatives offer federal tax credits, rebates, and grants for manufacturing solar-powered golf carts. For instance, the U.S. Department of Energy (DoE) offers tax credits & subsidies for supporting the adoption of electric & solar-powered vehicles under its Electric Vehicle Charging & Solar initiative.

    North America Market, By Country

    The U.S. accounts for the highest number of golf participants and global courses around the world. According to the National Golf Foundation Report (NGF), there were over 16,100 golf courses at 14,100 facilities in the U.S. and one out of three U.S. citizens played golf, on or off-course, toward the end of 2020. The U.S. alone accounts for 43% of the world’s total golf courses. The abundant availability of golf courses and country clubs in towns & cities has made golfing quite popular, thereby supporting the rapid adoption of golf carts in this region.

    Competitive Industry Landscape

    Major participants in the North America golf cart market include Polaris Industries, Inc., Club Car, Yamaha Golf-Car Company, Guangdong Marshell Electric Vehicle Co., Ltd., E-Z-GO, Hawk Carts, STAR EV CORPORATION, HDK Electric Vehicle, and G H Varley Pty Limited.

    Companies are emphasizing on launching new electric golf carts to gain a competitive edge over rivals and capture greater market shares. For instance, in April 2021, Polaris GEM launched a new line of offerings for its street-legal GEM vehicles. The all-new electric personal carts consist of panoramic sky roofs, new sports tires & rims, premium upholstery options, audio, and interior glow lighting. These new options offer over 10,000 configurations to customers, leading to the creation of its own personalized cart.

    Frequently Asked Question(FAQ) :

    How big is North America golf cart market?
    The market share for golf cart in North America was exceeded USD 1 billion in 2020 and is predicted to showcase 4% CAGR between 2021 and 2027.
    Why are solar golf carts gaining momentum among customers in North America?
    The industry size for golf cart in North America will expand at a notable rate through 2027 as the product is eco-friendly, enhances battery life, and can travel long distances.
    What makes the U.S a profitable market for golf carts?
    The U.S. will capture a sizeable share of the regional market by 2027 as the country has a large percentage of golf enthusiasts and global courses.
    Who are the producers of golf carts in North America?
    Club Car, Yamaha Golf-Car Company, E-Z-GO, Hawk Carts, Guangdong Marshell Electric Vehicle Co., Ltd., and G H Varley Pty Limited, among several others, are the main players in this market.

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