Global Golf Car Market

To Surpass US$ 1.11 Bn in Revenues in 2016.

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Future Market Insights delivers key insights on the global golf cart market in its latest report titled ‘Golf Cart Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.’ The long-term outlook on the global golf cart market remains positive, with market value expected to increase at a CAGR of 6.4% during the forecast period (2016 - 2026). Among product types, the electric golf cart segment is expected to expand at a significant CAGR in terms of value over the forecast period. Among applications, the personal use segment is anticipated to witness higher CAGR in terms of value over the forecast period. Global sales of golf carts is estimated to be valued at US$ 1,115 Mn by the end of 2016, witnessing a Y-o-Y growth of 5.3% over the year 2015. North America is estimated to account for a value share of 41.6% in the global golf cart market by 2016 end and it is anticipated to retain its dominance throughout the forecast period.