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    Asia Pacific 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: GR2099   |   Delivery: PDF  Request Free Sample

    Asia Pacific Golf Cart Market size valued at USD 100 million in 2020 and is anticipated to exhibit a CAGR of 7% from 2021 to 2027.

    Asia Pacific Golf Cart Market Size By Region

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    The rapid development of hi-tech smart city projects, theme parks, hotels & resorts, recreational parks, and golf courses due to rising urbanization is driving the demand for golf carts. Moreover, the rising number of golf courses along with the increasing participation rate in golfing is anticipated to boost the market growth.

    Asia Pacific Market, By Fuel Type

    The electric golf cart market in Asia Pacific held a high revenue share in 2021. The rising demand for electric golf carts can be credited to the growing concerns to control vehicular emissions and lower operating costs of electric golf carts. Technologically advanced batteries have various benefits including low energy consumption and provide a good range in a single charge, thereby reducing operating costs.

    Golf cart manufacturers are launching high-power batteries to enhance their vehicle capacities. For instance, in January 2020, Yamaha launched the Trojan Motive T875-AGM, an advanced & reliable battery for its golf vehicles. The Absorbed Glass Mat (AGM) provides high energy to support the high electrical demand for golf carts. These batteries are easy to maintain, do not require water, have short charging cycles as compared to standard Lead Acid batteries, and are manufactured from recyclable materials.

    Competitive Industry Landscape

    Prominent participants operating across the Asia Pacific golf cart market include Hawk Carts, G H Varley Pty Limited, STAR EV CORPORATION, Polaris Industries, Inc., Club Car, E-Z-GO, Cario, Yamaha Golf-Car Company, Guangdong Marshell Electric Vehicle Co., Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd., KT Pan Company Limited, Garia, and HDK Electric Vehicle.

    Companies are introducing new battery-powered models to reduce carbon footprints and provide high comfort & performance. For instance, in January 2022, Yamaha Golf-Car Company introduced its golf car powered by lithium-ion batteries. The Drive2 PowerTech Li with independent rear suspension is designed to offer improved comfort, reliability, and performance to customers. The lithium-ion battery, manufactured by RoyPow, has been further optimized by Yamaha and specifically made for its fuel types to provide enhanced efficiency & comfort.

    Frequently Asked Question(FAQ) :

    How big is the Asia Pacific golf cart market?
    The market for golf cart in Asia Pacific was valued at USD 100 million in 2020 and is expected to grow at a CAGR of 7% between 2021 and 2027 owing to the rising development of theme parks, hi-tech smart city projects, recreational parks, hotels & resorts, and others.
    Which are the different types of golf carts in the APAC market?
    On the basis of fuel, the Asia Pacific market can be segmented into solar-powered, electric, and gas carts.
    What factors will impel electric golf cart industry share in the APAC?
    The market for golf cart in Asia Pacific is estimated to record appreciable growth through 2027 driven by the rising concerns for controlling vehicular emissions and the benefit of low energy consumption.
    Which are major players in the Asia Pacific golf cart landscape?
    Key companies in the Asia Pacific industry comprise Club Car, STAR EV CORPORATION, Cario, Guangdong Marshell Electric Vehicle Co., Ltd., KT Pan Company Limited, Yamaha Golf-Car Company, and others.

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