Portland, OR -- (SBWire) -- 06/29/2017 --Golf cart is a type of low speed vehicle driven by electric motors, which is gas-powered or is specifically envisioned for the utilization in golf courses for transportation of golfers and the equipment within the course premises. It is also known as non-highway or off-road vehicle with the average speed between 25-50 kmph.

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The global golf cart market is segmented based on product into electric, gasoline, solar, and others. Based on application, it is classified into golf course, airport, hotel, and others. Geographically, it is categorized across North America, Europe, Asia-Pacific, and LAMEA. Growth in number of vehicle sales, urbanization in countries, such as India and China, and rise in usage of golf cart especially in golf courses are anticipated to expand the growth of golf carts market between 2017-2023. .

Key players identified across the value chain of this report include Yamaha Golf Car Company, Club Car LLC., EverGreen Electrical Vehicles, Hitachi Chemical Co. Ltd., Cruise Car, Xiamen Dalle Electric Car Co. Ltd., Columbia ParCar Corp., Textron, Garia Golf Cart, and others.

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Golf Cart Market Key Segmentation

By Product

- Electric
- Gasoline
- Solar
- Others

By Application

- Golf Courses
- Airport
- Hotel
- Others

By Geography

North America
- U.S.
- Canada
- Mexico

Europe
- France
- Germany
- UK
- Rest of Europe

Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific

LAMEA
- Latin America
- Middle East
- Africa

Key Players

- Yamaha Golf Car Company
- Club Car LLC.
- EverGreen Electrical Vehicles
- Hitachi Chemical Co. Ltd.
- Cruise Car
- Xiamen Dalle Electric Car Co. Ltd.
- Columbia ParCar Corp.
- Textron
- Garia Golf Cart