GOLF CART MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Increased tourism and recreational activities

Rising number of golf courses around the world can boost demand for golf carts across different regions. Golf has become one of the most popular sports globally. According to industry estimates, there are over 30,000 golf facilities spread across more than 200 countries. A majority of these facilities uses golf carts to ferry players and their equipment between holes.

Municipal golf courses and public parks are allocating land for new golf courses or expanding the size of existing ones. This allows amateur players and families to enjoy the sport at affordable rates. This will boost demand for rental golf carts at such community golf spaces. Several travel operators are also designing golf-focused vacation packages where tourists can explore multiple courses using shared transport. This trend has encouraged more property developers and local administrations to adopt golf carts for internal commute needs. Rising interest in golf as a leisure activity and growth of associated tourism industry verticals can boost demand for cart in the near future.