India Golf Carts Market 2022
Golf carts have been growing in popularity as a mode of transportation for a variety of purposes. Many people are using golf carts to get around on golf courses, and there is also a large market for golf carts used for other purposes such as hunting, fishing, and farm work. Golf cart manufacturers are seeing the potential in this market and are starting to create more varieties of golf carts that can be used for different purposes. There are even electric golf carts that can be used for short distances.
According to the analysis, the India golf cart market is projected to grow at ~18% CAGR during the forecast period. Mounting traction in tourism and hospitality industries, as well as demand for customization in golf carts in India is projected to boost the growth of the India golf cart market during the forecast period.
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Persistence Market Research (PMR) recently published a study report on the India golf cart market. The report provides detailed valuation on the key market dynamics such as drivers, trends, opportunities, and restraints, as well as thorough information about the India golf cart market structure. This market research report represents exclusive facts and figures about how the India golf cart market will grow over the forecast period.
The study is relevant for stakeholders in the India golf cart market, including manufacturers, distributors, suppliers, and investors, and it can also help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the India golf cart market can leverage the information and statistics presented in PMR’s research report.
The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the India golf cart market. The study also offers actionable insights based on the future trends in the India golf cart market. Furthermore, regional players and new entrants in the India golf cart market can also use the information presented in this report to make business decisions and gain momentum in the market.
- Club Car, LLC
- Yamaha Golf-Car Company
- Speedways Electric
- Maini Material Movement Pvt. Ltd.
- Prevalence Ltd.
- Auto Power
- Nebula Automotive Pvt. Ltd.
- GDrive Golf Carts
- Carrieall Car Private Limited
- Volmac Engg. (P) Limited and more
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India Golf Cart Market: Research Methodology
In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the India golf cart market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by assistant analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred by analysts during the evaluation of the India golf cart market study, which comprises the facts and figures from USGA, CMAA, NFG, IRGF, ILTVA websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.
Comprehensive information acquired from primary resources and secondary resources is validated from companies in the India golf cart market to make PMR’s projections on the growth prospects of the India golf cart market more accurate and reliable.
Rising Preference for Customized Golf Carts
A recent trend observed in the India golf cart market is increasing demand for customized golf carts by the consumer segment and end-use industries, attributing to aesthetic features, lavish looking vehicles, and comfortable seating capacity. To capitalize on this opportunity, manufacturers and OEMs are expanding their product portfolios and offerings in golf carts, thus, providing customized solutions in accordance to end-use applications.
There is increasing demand for luxury, vintage, and outdoor catering carts in India. Hotels & resorts, rental services, and amusement parks are some of the major end users with high demand for customization. Speedways Electric recently introduced ‘Classique Sightseeing Cart’ suited for resorts, malls, zoos, and amusement parks. The company also offers customization on seats, roofs, and luggage racks.
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As per PMR’s deep dive analysis, the market is fragmented in India with local and emerging key players exploring ways to penetrate in the golf cart market. Stable governmental policies and regulations as well as demand for golf carts from various end-use industries will ensure lucrative opportunities for manufacturers.
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