Lewes, DE -- (SBWIRE) -- 03/01/2017 -- Report forecast the global golf carts market to grow at a CAGR of 10.16% during the period 2017-2021.

The trend of using golf carts for daily commuting is growing. This is due to the fluctuating fuel prices and stringent emission regulations imposed by governments of most countries across the world. These carts are low cost, energy efficient, and mostly used for shopping and recreational purposes.

The report covers the present scenario and the growth prospects of the global golf carts market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of golf carts.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, though golf courses remain highly concentrated in the top 20 golfing nations, their number is increasing across the globe. In January 2015, a total of 34,011 golf facilities were identified worldwide. Most (70%) of these facilities were located in the top 10 golfing countries including Australia, Canada, England, Japan, and the US. Most of these facilities are in private clubs, golf resorts, and golf-centric real estate, and are thus largely accessible. 70% of the total 34,011 golf facilities across the globe are open to the public.

Further, the report states that fantasy golf is an online game in which each participant assembles a virtual team of real players and then scores points based on the performance of the selected players in actual games. The popularity of fantasy golf is growing significantly. The number of fantasy golf players increased from 2.3 million in 2007 to 6.3 million in 2014. According to DraftKings, a Boston-based start-up specializing in fantasy golf, the number of participants in its fantasy golf games grew tenfold between 2014 and 2015.

Global Golf Carts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global golf cart market: Columbia ParCar, Hitachi Automotive Systems, Ingersoll Rand, Textron, and Yamaha

Other Prominent Vendors in the market are: BIG MAX, citEcar Electric Vehicles, Dongguan Excellence Golf & Sightseeing Car, Dynamic Brands (Bag Boy), Garia, ProActive, and Sun Mountain

Market driver
- Growing number of golf courses across the globe
- For a full, detailed list, view our report

Market challenge
- Lack of infrastructure facilities for charging golf carts
- For a full, detailed list, view our report

Market trend
- Technologically advanced golf carts
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 72 pages and 37 Exhibits "Global Golf Cart Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-golf-cart-market-2017-2021

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