by The global India Golf Cart Market is estimated to be valued at US$ 25.66 Mn in 2023 and is expected to exhibit a CAGR of 21.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Golf carts are small, light utility vehicles designed specifically for transporting golfers and their equipment around golf courses. They provide efficient transportation with features like comfortable seating for 4-6 passengers, secure storage for golf bags and gear. Electric and gasoline powered models are available catering to different mobility needs.
Market key trends:
One of the key trends spurring market growth is rising construction of new golf courses in the country. India has witnessed significant investments in construction of international standard golf courses by both public and private sector in recent years. This has augmented the demand for fleet of golf carts required for efficient transportation at such facilities. Additionally, inclination of people from higher income groups towards leisure sports like golf has also boosted the sales of golf carts. Various models with additional features like GPS navigation and Bluetooth connectivity are gaining traction among customers looking for enhanced golfing experience.
Segment Analysis
The India golf cart market is dominated by the passenger golf carts segment. Passenger golf carts are primarily used to transport people and small luggage around golf courses. These carts offer high passenger capacity of 2-6 people and comes equipped with features like windshields, suspension seats, storage space, etc. to provide comfortable rides.
Key Takeaways
India Golf Cart Market Demand is expected to witness high growth, exhibiting CAGR of 21% over the forecast period, due to increasing investment in golf tourism and development of new golf courses.
Regional analysis
The North region dominates India’s golf cart market due to presence of large number of golf courses. States like Maharashtra, Karnataka and Tamil Nadu are witnessing increasing investments in golf course development projects which is driving regional demand for golf carts.
The global India golf cart market is expected to witness high growth, exhibiting CAGR of 21.% over the forecast period, due to increasing investment in golf tourism and development of new golf courses.
Key players
Key players operating in the India golf cart market are Auto Power, Volmac Engg. (P) Limited, Club Car, LLC, Carrieall Car Private Limited, Speedways Electric, GDrive Golf Carts, Maini Material Movement Pvt. Ltd., Nebula Automotive Pvt. Ltd., Prevalence Ltd., and Yamaha Golf-Car Company. The market is dominated by international brands like Club Car and Yamaha that offer a wide variety of passenger and utility golf carts.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
