INDIA GOLF CART MARKET ANALYSIS

India Golf Cart MarketSize and Trends

The India Golf Cart Market was estimated to account for US$ 17.3 Million in terms of value in 2021 and is predicted to grow at a CAGR of 21.8% during the forecast period (2022 to 2030).

Figure 2: India Golf Cart Market (US$ Mn) Analysis and Forecast, 2017 - 2030

India Golf Cart Market was valued at US$ 17.3 Mn in 2021 and is expected to reach US$ 100.5 Mn by 2030, growing at a CAGR of 21.8% between 2022 and 2030.         

Market Trends

• Growing preference for custom-made golf carts 

A recent trend observed in the India golf cart market is increasing demand for customization by end users in relation to vehicle aesthetics and seating capacity. To leverage this opportunity, manufacturers have expanding their offerings and providing customized solutions according 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.

• Rising number of golf cart rental services

Growing popularity golf carts as a means of internal transportation have resulted in increasing adoption of various events such as expos, symposiums, tradeshows, exhibitions, and weddings. However, the need for golf carts in such events is limited to a couple of days or weeks. Thus, most end users prefer rental services in such situations. Event management firms are increasingly opting for golf cart rental to meet their internal transportation needs.