It is anticipated that rising urbanisation and industrialization will enhance mall culture, theme parks, amusement parks, and smart housing projects, among other things, in a number of growing economies, including South Korea, Brazil, South Africa, China, and India. This has raised the need for internal transportation to move people and goods, which has in turn increased demand for golf carts. Customers' rising demands for items that are specifically tailored to their needs in terms of seating capacity and vehicle aesthetics have created enormous potential for industry competitors.
The market for Golf Carts was valued at US$ 3,262.3 million in 2017; it is anticipated to grow at a CAGR of 6.3% from 2019 to 2027, reaching US$ 5,590.0 million.
Major Players in the Golf Cart Industry:
1. Club Car, LLC: Established in 1958. United States headquarters. Augusta, Georgia-based manufacturer of light industrial utility vehicles and golf carts. The business provides multi-passenger shuttle cars, off-road and rough-terrain utility vehicles, golf cars, turf utility cars, and mobile beverage merchandising vehicles. For golf cars and utility vehicles, it also offers a variety of accessories, including enclosures and seat coverings, windscreens, storage, and organisers, brush guards and toolboxes, cargo boxes and seats, wheel covers, tyres, and hunting equipment. In a deal worth roughly $1.7 billion, Platinum Equity said today that it has signed a legally binding agreement to buy Club Car from Ingersoll Rand (NYSE:IR).
2. Yamaha Golf-Car Company: Established in 1978. United States headquarters. Dealer of specialist Yamaha Golf Cars with full-service intended to sell its goods in Minnesota. Customers can enjoy high-quality services thanks to the Yamaha Golf Car portfolio of the company, which includes fleet, PTV, transit, and utility vehicles. Notice Regarding the Status of the Purchase of Own Shares (Purchase of own shares in accordance with Article 165(2) of the Companies Act)
- E-Z-GO: Established in 1980. United States headquarters. Operating a convenience shop chain out of Oklahoma City. The business offers conveniences like parking, diesel, and DEF. At the locations, the retail operations sell additional consumer goods in addition to groceries, drinks, snacks, tobacco, gifts, and fresh food. The purchase of EZ GO by Love's Travel Stops & Country Stores from Carey Johnson Oil, located in Lawton, Oklahoma, has been finalised.
4. EverGreen Electrical Vehicles: Established in 2004. United States headquarters. Producer of electric vehicles. The business sells new and used automobiles, low-speed street-legal vehicles, golf and recreational vehicles, hoss commercial and industrial vehicles, and goat off-road vehicles. -In Oregon, California, and Washington, Arcimoto, Inc. ® has announced that it is currently accepting client reservations for the FUV Evergreen Edition, their new flagship electric car.
5. Columbia ParCar Corp: Established in 2007. Headquarters in Colombia. Owner of a website for independent news reporting that targets English-speaking readers and covers Colombia. Customers may stay up to speed on the most recent news thanks to the company's platform, which uses technology to give independently sourced general, business, and sports news.
6. Hitachi Chemical Co., Ltd: Established in 2006. Head office in China. Manufacturer of laminates with copper trim. In Guangzhou, China, the business manufactures laminates for printed wire boards. According to a report in 2020, Hitachi Ltd., a Japanese electronics manufacturer, plans to acquire Hitachi High-Technologies Corp. to improve the parent company's internet of things platform Lumada.
7. Maini Material Movement Pvt. Ltd: Established in 1973. Bangalore, Karnataka, is home to the headquarters. Precision component and assembly manufacturers aim to offer goods with zero defects and less time delays and complaints. Precision components, machined castings and forgings, fuel filters and sub-assemblies used in engines, transmissions, fuel injection, turbochargers, passenger commercial vehicles, machined castings and forgings for other industries are just a few of the products the company offers to design, develop, and supply, enabling its clients to get reliable, flexible, and adaptable products in accordance with their needs.
Definition: A golf cart is a small motorized vehicle designed originally to carry two golfers and their golf clubs around a golf course with less effort than walking.
