New York, NY -- (SBWIRE) -- 06/12/2019 -- The global golf cart market was valued at $1,607.75 million in 2016, and is estimated to reach $2,591.69 million by 2023, growing at a CAGR of 7.20% from 2017 to 2023. Golf cart is lightweight utility vehicle, which is used for short-distance transportation across golf course, hotels, hospitals, and others. The global golf cart market is expected to witness significant growth in the future, owing to rising in purchasing power and strengthening economy across the globe.

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Apart from this, the valuable document weighs upon the performance of the industry on the basis of a product service, end-use, geography and end customer.

The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Golf Cart industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the Golf Cart industry.

The golf cart market is segmented based on product type, application, and geography. On the basis of product type, the market is classified into electric golf cart, gasoline golf cart, and solar golf cart. By application, it is divided as golf course, personal services, and commercial services. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

A quick look at the industry trends and opportunities:

The researchers find out why sales of Golf Cart are projected to surge in the coming years. The study covers the trends that will strongly favor the industry during the forecast period, 2019 to 2023. Besides this, the study uncovers important facts associated with lucrative growth and opportunities that lie ahead for the Golf Cart industry.

Segment by Type
- Electric Golf Cart
- Gasoline Golf Cart
- Solar Golf Cart

Segment by Application
- Golf Course
- Personal Services
- Commercial Services

Region wise performance of the Golf Cart industry:

This report studies the global Golf Cart market status and forecast, categorizes the global Golf Cart market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

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Key points from TOC:

4.1. OVERVIEW:
4.2. ELECTRIC GOLF CART:

4.2.1. Key market trends and opportunities
4.2.2. Market size and forecast by region
4.2.3. Market analysis by country

4.3. GASOLINE GOLF CART:

4.3.1. Key market trends and opportunities
4.3.2. Market size and forecast by region
4.3.3. Market analysis by country

4.4. SOLAR GOLF CART:

4.4.1. Key market trends and opportunities
4.4.2. Market size and forecast by region
4.4.3. Market analysis by country

Continue...

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This Golf Cart market report holds answers to some important questions like:

- What is the status of the Golf Cart market that is segmented on the basis sale as well as types?
- Which segment will generate more revenue for the Golf Cart industry in the coming years?
- Who are the leading international Golf Cart brands? Which product is consumed more?
- Which countries are expected to grow at the fastest rate?
- Which factors have attributed to an increased sale worldwide?
- What is the present status of competitive development?

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