SOUTH KOREA GOLF CART MARKET

INTRODUCTION

A golf cart, often called a golf buggy or a golf car, is a compact motorized vehicle that was originally created to transport two golfers and their clubs around a golf course more easily than walking. Variants with higher passenger capacity, more useful features, or certification as a street legal low-speed vehicle were eventually created.

A typical traditional golf cart measures about 4 feet (1.2 m) wide, 8 feet (2.4 m) long, and 6 feet (1.8 m) high. It can transport two golfers and their equipment and go at a maximum speed of around 15 miles per hour (24 km/h) while weighing between 900 and 1,000 pounds (410 and 450 kg).[b]  

SOUTH KOREA GOLF CART MARKET SIZE AND FORECAST

The South Korea Golf cart market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Two ground-breaking golf car products are being introduced by USEV to the American market. Two new golf car products from USEV are being introduced to the American market, and both have the quality of being unique within their respective product categories. DY The next-generation golf car is developed and produced by INNOVATE, which has its headquarters in Seoul, Korea.

Under the direction of its sole North American distributor USE, INNOVATE will debut its new eight-passenger golf car. The golf car with the highest sales in South Korea is InnovateTM. In South Korea, the Low Speed Vehicle has a 60% market share.

Additionally, Z.ONE EV, a, is the sole North American distributor for a revolutionary lithium battery technology and design, working in conjunction with LG Energy Solution and NanoIntech Energy Solution.The market-leading performance of Nano tech Lithium-Ion (NMC) Batteries Powered by LG Energy Solution surpasses that of its rivals.

People are in awe of how good it is when they see it and get to drive it for the first time. The InnovateTM is the first golf car built on an automotive base, and all of its parts are of an equivalent quality. Nothing like it is available on the market.

COMPANY PROFILE

• Neuron Energy
• Nivel Parts
• Garia
• Bloomberg
• Vantage

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Golf carts are manufactured per annum in South Korea? Who are the sub-component suppliers in this region?
2. Cost breakup of a South Korea Golf cart and key vendor selection criteria
3. Where is the Golf cart manufactured? What is the average margin per unit?
4. Market share of South Korea Golf cart market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture South Korea Golf cart in-house
6. key predictions for next 5 years in South Korea Golf cart market
7. Average B-2-B Golf cart market price in all segments
8. Latest trends in Golf cart market, by every market segment
9. The market size (both volume and value) of the Golf cart market in 2023-2030 and every year in between?
10. Production breakup of Golf cart market, by suppliers and their OEM relationship