Global Electric Golf Cart Market 2022-2027

    Multi User License - $2,500

    In Stock

    Coming Soon

    GLOBAL ELECTRIC GOLF CART MARKET

     

    INTRODUCTION

    A golf cart is a small, battery-powered, three- or four-wheel vehicle used for transporting one or two golfers and their equipment around a golf course. They also are an efficient means of transportation for groundskeepers, maintenance workers, Food Services, Campus Services, and tour guides. Employees driving golf carts are not an unusual sight.

     

    E Golf carts mostly use a 110-volt battery to power their batteries. An electric-powered golf cart needs at least 8 to 12 hours to charge a drained battery cell in full. Most recently, golf cart makers are building more environmentally friendly carts that recharge their own batteries using solar panels mounted on their rooftops. Golfers can just park the cart in the sun to recharge the battery, making it more convenient.

     

    infographic: Electric Golf Cart Market , Electric Golf Cart Market Size, Electric Golf Cart Market Trends, Electric Golf Cart Market Forecast, Electric Golf Cart Market Risks, Electric Golf Cart Market Report, Electric Golf Cart Market Share

     

    Golf carts can be fun and easy to operate; however, they can also be dangerous. They are involved in a number of accidents each year, resulting in personal injury, death, and property damage. Common accidents include cart overturns, collisions, falling, and people being struck or run over by a cart.

     

    Every day, golf car and electric vehicle manufacturers are integrating technological advancements requiring more powerful battery technology. There are various battery designs being integrated which play an essential role in enhancing your experience on and off the course by delivering a whole new class of deep cycle technology.

     

    GLOBAL ELECTRIC GOLF CART MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Star EV Golf Cart Manufacturing entity to perform large investment A manufacturer of electric golf carts and other recreational vehicles will expand its operations in upstate South Carolina in coming years USA This would enhance better EV battery Technologies and production
    2 Transportation Facility of EV Golf Cart at Delhi Chandni Chowk The Delhi government will engage an expert agency to finalise modalities to expedite selection of the entity for running the vintage-look electric golf cart, mainly for elderly and physically weak, on the redeveloped Chandni Chowk main road. India This would help in better presence and social responsibility on increased levels of requirements
    3 Yamaha makes approach towards EV Golf Carts It is being brought into the market with premium features of cooling and advanced GPS based navigation specific to golf courses. India This would improve its presence and production capability of new generation batteries golf carts

     

    GLOBAL ELECTRIC GOLF CART MARKET DYNAMICS

     

    SI No Timeline Developments
    1 Q4-2021 The Club Car is offering many services and benefits  to its customers through innovation and design experience, in order to strengthen its relationships and also to increase its sales revenue.
    2 Q4-2021 Thailand Government announced new norms of vehicle excise tax scheme for golf carts, ATVs, and buggies of smaller motor vehicles, by collecting tax from motorized vehicles and promoting electric vehicles on environmental concerns. The voltage based tax scheme for smaller electric vehicles that operates on more than 12V.
    3 Q3-2021 Club Car launched Sustainability Grant Program to reduce carbon emissions by offering its Carryall golf car and other EV models in college campuses and universities.
    4 Q2-2021 DSG Global Inc. to set up its first manufacturing and also research and development facility at North America to produce its Pacer Single Rider Golf and to assemble electric vehicles models.

     

    Their primary production of golf cart vehicles is small, wheeled units which most resemble a golf cart, however, they make a wide variety of models from large transportation units that can carry as many as 10 people at a time.

     

    Now, their primary source of manufacturing is based out of China, so you may often hear others refer to it as Chinese made. Most of what is in the market today is Chinese made, however, the more important relevance is how they are assembled and whether or not you can get parts.

     

    As range improves, lithium is also becoming a more attractive option for Club Car’s commercial fleet customers, colleges, hotels, and corporations buying vehicles for security and maintenance crews. Lead acid batteries are heavy, dirty, and a hassle to maintain. They need to be watered regularly.

     

    infographic: Electric Golf Cart Market , Electric Golf Cart Market Size, Electric Golf Cart Market Trends, Electric Golf Cart Market Forecast, Electric Golf Cart Market Risks, Electric Golf Cart Market Report, Electric Golf Cart Market Share

     

    With a top speed of 19.5 MPH an hour for common golf carts and most of the standard accessories golf carts come with such as folding windshield and battery charger. The body and plastics on the vehicles have been known to age quickly and show poor signs of longevity. In addition, some people have an issue getting parts since they sometimes have to come direct from China.

     

    At Club Car, a leading golf cart manufacturer based in Augusta, Georgia, consumer sales have roughly doubled since the pandemic began. The pandemic accelerated this rise in the younger families who don’t play golf and are just using it as a lifestyle vehicle.

     

    Club Car began offering lithium-ion carts to its fleet customers in 2018 and added a retail version the following year. Now its flagship personal transport vehicle, the Onward, comes in four propulsion-based systems: gas, two varieties of traditional lead-acid battery, and lithium-ion.

     

    To know more about global golf car market , read our report

     

    Kinetic Green, an electric vehicle manufacturer, plans to invest Rs 1,750 crore in Andhra Pradesh to build a manufacturing facility for electric golf carts as well as a battery swapping operation.

     

    Kinetic Green Energy & Power Solutions, a subsidiary of the Pune-based Kinetic Group, announced the formation of a joint venture with Tonino Lamborghini in India to design and manufacture premium golf carts and other electric off-road vehicles.

     

    The potential of establishing a unit in the SEZ for the golf cart project is being investigated. It is currently in the proposal stage.

     

    A total of Rs 1,750 crore would be invested in two projects: the establishment of an electric golf cart manufacturing factory and a battery swapping unit.

     

    GLOBAL ELECTRIC GOLF CART MARKET SEGMENTATION

     

    The Global Electric Golf Cart Market can be segmented into following categories for further analysis.

     

    Electric Golf Cart Market By EV Type

    • Small Golf Cart
    • Medium Golf Cart
    • Large Golf Cart

     

    Electric Golf Cart Market Application System Type

    • Hotels and Resorts
    • Airports
    • Golf Courses
    • Railways
    • Multi Residential Complexes
    • Others

     

    Electric Golf Cart Market By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    infographic: Electric Golf Cart Market, Electric Golf Cart Market Size, Electric Golf Cart Market Trends, Electric Golf Cart Market Forecast, Electric Golf Cart Market Risks, Electric Golf Cart Market Report, Electric Golf Cart Market Share

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL ELECTRIC GOLF CART MARKET

     

    SI No Timeline Company Developments
    1 Q1-2022 DSG Global DSG Global will launch its high performance Shelby Golf Carts series at the exclusive PGA Show.
    2 Q4-2021 GEST Green Easy Safe Transportation(GEST) carts offer electric golf carts for free transportation, green rideshare options for the people in Charlotte, to travel between uptown and South End.
    3 Q4-2021 Club Car American company that manufactures electric and gas powered golf cars Club Car partnered with ezLocator, the industry leader in daily pin placement management cloud software to manage pin locations with speed and precision for golfers in their Club golf Car.
    4 Q2-2021 EZ-GO EZ-GO revealed its new golf cart EZ-GO liberty compact cart, powered by high performing AC electric drivetrain with Samsung SDI lithium battery technology requires no battery maintenance and lasts upto either years.

     

    The rapid deployment of electric and hybrid cars has added a whole new dimension: To overcome EV customers’ range anxiety, engineers are turning to regeneration of energy. There has been extensive levels of research and development being integrated into the society at various levels to have better levels of integrations in terms of its operational capability of golf carts.

     

    There has been a recent technological innovation of in-car technology. The Golf carts have been integrated with the Fleet Management Systems connected car technology that is focused on building relationships with golfers.  It has various features of Real-time vehicle position, Pace of play, Vehicle drive history, Locate a car functionality and Real-time messaging.

     

    infographic: Electric Golf Cart Market, Electric Golf Cart Market Size, Electric Golf Cart Market Trends, Electric Golf Cart Market Forecast, Electric Golf Cart Market Risks, Electric Golf Cart Market Report, Electric Golf Cart Market Share

     

    There has also been the introduction of the Autonomous Caddies for the special purpose of golf carts based in the golf courses as required. The autonomous caddie that offers GPS yardage, carries bags, coolers, and other accessories. They are also integrated with Improved collision sensors with enhanced diagnostic messaging and audible alerts for easy maintenance. It runs on state-of-the-art wireless technology controllers with improved water proofing.

     

    There have also been recent integrations of the 72-volt Technology of  BMS integration. It gives better torque integrations with the ability to go over the gill and climb. AC drivetrain is up to 25% more efficient than competitive DC models. The Lithium Battery based vehicles have two times faster charging than lead-acid batteries.

     

    RECENT ACQUISITIONS

     

    Lars Larsen Group and Club Car have signed a definitive agreement for Club Car to buy Garia A/S (“Garia”), a Danish manufacturer of electric low-speed cars for utility, consumer, and golf industries. The financial details were kept under wraps. The deal is scheduled to be completed in the second quarter.

     

    Garia, a luxury golf and leisure automobile manufacturer created in 2005, is most known for its high-performance and distinctive Scandanavian design. Garia Utility, a growing series of compact cars for utility applications such as public sector, property management, leisure and outdoor, and last-mile delivery, was launched by the business in 2015.

     

    ELECTRIC GOLF CART MARKET COMPETITIVE LANDSCAPE

     

    SI No Timeline Company Developments
    1 Q4-2021 DSG Global Inc. DSG Global Inc. revenue in the third quarter of 2021 witnessed growth of 49%, compared to the same quarter of 2020. The overall sales revenue for the three months ending September was $498,380 and the company’s new Infinity product release propelled the revenue.
    2 Q4-2021 DSG Global Inc. DSG Global will supply its electric golf carts at 25 Caribbean Islands for the transportation, by partnering with its subsidiary company Imperium Motor Corp.
    3 Q2-2021 Club Car Ingersoll Rand sold the Specialty Vehicle Technologies Segment of Club Car business to Platinum Equity in an all cash transaction valued at $1.68 billion. Club Car became a standalone company under the ownership of Platinum Equity.
    4 Q2-2021 Club Car Club Car recorded total revenue of $1.4 billion and profits of $152 million in FY 2020-21, the company’s golf car and utility vehicle segment revenue reached $246 million.

    Golf carts have been in the market as part of development requirements in the past few years as part of the basic necessity possible and affordable to various dimensions of requirements. The integration of EV based propulsion into these golf carts has enhanced its level of operation towards greener and sustainable behaviour-based operations.

     

    infographic: Electric Golf Cart Market , Electric Golf Cart Market Size, Electric Golf Cart Market Trends, Electric Golf Cart Market Forecast, Electric Golf Cart Market Risks, Electric Golf Cart Market Report, Electric Golf Cart Market Share

     

    The Club Car is one of the most prominent utility golf cart vehicle manufacturers in the market from a global perspective of operations. It has recently introduced the Precedent I2 Fleet of utility Golf cart vehicles. It has been made of an Aluminium Frame for Longer Life.

     

    EZ Go has been part of the much-required diverse presence of golf carts in the tourism industry at all times. It has introduced the Elite Series of Battery-Operated E Golf Carts into the market.

     

    The ELiTE Series utilizes trusted and reliable Samsung SDI lithium batteries and an advanced Battery Management System that makes these vehicles completely worry-free. The Freedom RXV ELiTE has the industry’s first under-seat storage compartment. E‑Z‑GO’s advanced Battery Management System monitors the efficiency, temperatures, state of charge, and the health of the batteries, optimizing performance.

     

    ELECTRIC GOLF CART MARKET COMPANIES PROFILED

    • Club Car
    • EZ Go
    • Yamaha
    • Polaris GEM
    • Garia Inc
    • Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD.
    • Xiamen Dalle Electric Car Co., Ltd
    • Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd
    • Columbia
    • Electric Vehicles (Thailand) Co.Ltd

     

    THIS ELECTRIC GOLF CART MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Electric Golf Cart Market size and Forecast, by region, by application
    2. Average B-2-B price for Electric Golf Cart Market, by region, per user
    3. Technology trends and related opportunity for new Electric Golf Cart Market tech suppliers
    4. Electric Golf Cart Market share of leading vendors, by region,
    5.  Coronavirus impact on Electric Golf Cart Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

    0
      0
      Your Cart
      Your cart is emptyReturn to Shop