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APAC Golf Cart Market revenue to hit $200 Mn by 2027
Published Date: 2022-04-28
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APAC Golf Cart Market size is set to cross USD 200 million by 2027, according to a latest forecast report by Graphical Research.
The rising number of golf facilities along with a growing inclination among the youth toward recreational activities will propel the market demand. Additionally, increasing electric golf cart deployments in hotels and resorts owing to improved efficiency and the ability to carry passengers & luggage will support the regional market growth.
The outbreak of COVID-19 in Asia Pacific countries severely impacted the regional automotive industry, resulting in the declining sales revenues of regional golf cart manufacturers. The sealing of international borders and trade restrictions by several countries in Asia Pacific and Europe severely impacted the Asia Pacific manufacturing sector. In the long run, the market is expected to be driven by supportive policy regulations, increasing participation in golfing activities, and the introduction of new electric models.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
Gasoline-powered golf carts are compact vehicles that run on combustion engines and are designed to carry two or more golfers and their golf clubs. They are available in multiple seating configurations, ranging from two to 14 seaters. These vehicles require frequent services and the replacement of moving parts, thereby increasing their maintenance costs. Regular oil changes, tune-ups, and spark plug, drive belt, and filter replacements add to the operating cost of golf carts. Due to the high maintenance cost, the market share of gas-powered golf carts is being captured by electric golf carts. Gas-powered golf carts create more pollution & noise as compared to electric vehicles; however, they are still preferred due to higher speed & power, enhanced climbing capacity, and towing capability.
The golf cart in APAC market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Fuel Type
Asia Pacific Market, By Application
- Golf courses
- Commercial services
The above information has been provided for the following countries:
- Asia Pacific
- South Korea
- New Zealand