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European Golf Cart Market size to cross $250 Mn by 2027
Published Date: 2022-04-28
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European Golf Cart Market size is estimated to reach USD 250 million by 2027, according to a latest forecast report by Graphical Research.
The market growth is due to the rapid development of hotels & resorts, amusement parts, golf courses, and recreational projects. For instance, in March 2022, Angus Council approved a sum of USD 131 million for hotel, spa, and golf resort developments. The revised plan will support the development of 175 guest rooms and 1,900 square meters of spa & leisure facilities. The plan will also facilitate the development of golf courses along with a clubhouse and a golf academy with a driving range. This, in turn, will drive the demand for golf carts to carry guests and golfers around hotel premises, clubhouses, and parks.
The COVID-19 pandemic adversely impacted the golf cart industry in Europe. Stringent lockdown measures and mass quarantines in the majority of European countries restricted the movement of residents from March to May 2020. This critically affected the availability of skilled labor for manufacturers, thereby hampering the production process of golf carts. Additionally, high uncertainties related to the COVID-19 health crisis have led to increasing financial insecurities among hotels, resorts, and golf clubs, thereby hampering the regional demand for golf carts.
Browse detailed statistical insights from the report, “Europe Golf Cart Market Forecast 2027 By Fuel Type (Gas, Electric, Solar-powered), By Application (Golf Courses, Commercial Services), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The commercial application segment will hold a high market share in 2020, owing to the expansion of railway stations and airports and the construction of theme parks, hotels, and resorts. The capability of golf carts to carry passengers & luggage is contributing to their higher deployments in hotels, resorts, airports, and recreational parks. Golf carts are low-speed vehicles that are compact in size and can carry around 4-14 passengers along with luggage during a single trip, reducing manual workloads in theme parks, hotels, and golf courses.
The golf cart in Europe 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:
Europe Market, By Fuel Type
Europe Market, By Application
- Golf courses
- Commercial services
The above information is provided on a country-basis for the following: