Golf Carts are loaded to reach USD 2,688.92 million by 2027
- The golf cart market is expected to reach USD 2,688.92 million by 2027, growing at a CAGR of 5.71% during the forecast period (2022-2027)
- Manufacturers have been introducing new models of golf carts with several accessories and features to cater the demand for the golf courses. E-Z-GO of the Textron company has launched the new golf cart Liberty in June 2021, that comes with four forwarding seats in a compact layout.
Electric Golfcart: This Is Where We'll Be Driving in The Future
- With an outlook toward electric golf carts in the coming years, Kinetic Green Energy & Power Solutions Ltd, has partnered with Lamborghini in Nov 2021, to develop and sale Italian-designed and India-made solar golf carts across the world. The sales of these vehicles are expected to go live in 2022.
- In March 2021, Simolo Customs Ltd. of Canada had released a new line of street-legal electric golf cart for the Canadian market with such high numbers of golf courses and following the increase in demand for electric golf carts.
Read our related report on: Global Golf Equipment Market
Triumphing Golf Courses
- By the end of 2021, United Kingdom was home to more than 3,101 golf courses, providing active golfing activities and related services including golf carts.
- Spain recorded a total estimate of 405 golf courses and driving ranges across the country in 2021.
- As of October 2021, China had 4000 golf courses which are catering the demand of the golf players, moreover 100 of the more ranges are being constructed.
- In Japan, the total number of active golf courses offering golfing and affiliated services in the country was numbered at 3,140 courses by the end of 2021.
Key Developments in Golf Cart Corridor
- In Jan 2022, HDK unveiled the new golf cart named D3. This vehicle is powered by a lithium-ion battery and offers unmatched maneuverability with increased performance.
- In July 2021, STAR EV Brand announced its plans to expand its operations in Greenville County through an USD 8.7 million investment. The company aims to raise brand recognition to a new level in the global market through this expansion.
- In June 2021, E-Z-GO, a Textron Specialized Vehicles business, announced its new vehicle, E-Z-GO Liberty, four forward-facing seats in a compact, golf-car-sized footprint. It is powered by Samsung SDI lithium-ion battery system.
