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GOLF CART MARKET ANALYSIS

Golf Cart Market, By Type (Electric Golf Cart, Gasoline Golf Cart, Solar Golf Cart), By Applications (Golf, Personal/Residential, Commercial), lBy Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Regional Analysis

Golf Cart Market Regional Insights

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North America dominates the global golf cart market with an estimated market share of 38.3% in 2024. The region has the largest number of golf courses globally with over 16,000 courses as of recent estimates. This thriving golf tourism industry boosts demand for golf carts in the region. American companies like Club Car, E-Z-Go and Yamaha Golf-Car hold major market shares in the domestic as well as international markets, giving the U.S. a clear infrastructure advantage. Stringent emission norms in America have also pushed technological innovations in electric golf carts, improving product offerings for global customers. On the trade front, while the U.S. imports niche models from Asian markets, it largely caters to exports, consolidating its position as the key manufacturing base.

China has emerged as one of the fastest growing regional markets for golf carts due to its  rapidly expanding domestic golf industry. China has witnessed a golf boom with over 500 new courses opening in the last decade. Both commercial and recreational interest in golf is surging the Chinese middle class. While import-dependence currently remains high due to limited local manufacturing, Chinese companies are making investments to develop low-cost golf cart models. This includes electric models alongside gasoline variants considering operational costs. Collaboration with international brands also allows technology transfers over time.

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