Electric golf carts are small vehicles powered entirely by electricity and are mainly designed for internal transport to carry goods or persons. These automobiles use electricity stored in a battery to drive an electric motor. Grid electricity is used in recharging the batteries of golf carts. Electric cars offer many advantages with compared to petrol or diesel vehicles such as zero emission, smooth functionality, low noise, and low operating cost.
Browse full research report :
https://www.radiantinsights.com/research/global-electric-golf-carts-market-research-report-2017
Utilization in Airports & Shopping Malls to Boost Demand
Golf carts are initially designed to carry golfers and their golf clubs across the golf course with less efforts than walking. These vehicles can be used to travel short distance with limited speed between 15.53 mph to 31.06 mph. However, other than golf course, these vehicles are extensively being used in hotels, parks, tourist destinations, airports, residential and commercial premises, and institutions.
The golf course segment is expected to boost demand over the forecast period. This growth can be attributed to increasing personal disposable incomes and changing lifestyle of individuals. In addition, increasing number of sports events such as Olympics, Commonwealth games, and others can boost the demand for these vehicles.
Customized carts are also increasingly utilized in airports to carry luggage or small number of passengers over a short distance or inside the building as they don’t release emissions. Rise in development of infrastructural projects in emerging countries is likely to increase the number of new airports, which will boost the demand for electric carts in the coming years.
Market Overview
According to a report available on Radiant Insights, Inc., the electric golf carts market is likely to grow steadily by 2021. Growing personal disposable incomes, rapid urbanization and industrialization in emerging countries, and technological improvements in batteries such as lithium ion battery can propel the electric golf cart market over the forecast period (2017 to 2021). Growing use of eco-friendly vehicles in commercial as well as residential projects for small rides or transportation due to stringent environmental guidelines can boost the market growth.
North America is one of the attractive markets as golf is very popular in the United States and Canada. Asia Pacific is likely to be the fastest growing market over the forecast period. The growth can be attributed to increasing use of electric carts in shopping malls and airport to carry goods.
Some of the leading vendors operating in the market include Ingersoll Rand, Inc.; Tesla Motors. Inc.; HDK Electric Vehicles; Club Car, Inc.; and Evergreen Electric Vehicles.
Utilization in Airports & Shopping Malls to Boost Demand
Golf carts are initially designed to carry golfers and their golf clubs across the golf course with less efforts than walking. These vehicles can be used to travel short distance with limited speed between 15.53 mph to 31.06 mph. However, other than golf course, these vehicles are extensively being used in hotels, parks, tourist destinations, airports, residential and commercial premises, and institutions.
The golf course segment is expected to boost demand over the forecast period. This growth can be attributed to increasing personal disposable incomes and changing lifestyle of individuals. In addition, increasing number of sports events such as Olympics, Commonwealth games, and others can boost the demand for these vehicles.
Customized carts are also increasingly utilized in airports to carry luggage or small number of passengers over a short distance or inside the building as they don’t release emissions. Rise in development of infrastructural projects in emerging countries is likely to increase the number of new airports, which will boost the demand for electric carts in the coming years.
Market Overview
According to a report available on Radiant Insights, Inc., the electric golf carts market is likely to grow steadily by 2021. Growing personal disposable incomes, rapid urbanization and industrialization in emerging countries, and technological improvements in batteries such as lithium ion battery can propel the electric golf cart market over the forecast period (2017 to 2021). Growing use of eco-friendly vehicles in commercial as well as residential projects for small rides or transportation due to stringent environmental guidelines can boost the market growth.
North America is one of the attractive markets as golf is very popular in the United States and Canada. Asia Pacific is likely to be the fastest growing market over the forecast period. The growth can be attributed to increasing use of electric carts in shopping malls and airport to carry goods.
Some of the leading vendors operating in the market include Ingersoll Rand, Inc.; Tesla Motors. Inc.; HDK Electric Vehicles; Club Car, Inc.; and Evergreen Electric Vehicles.
Request free sample :
No comments:
Post a Comment