The India Golf Carts Market to witness an exhilarating CAGR of 18% between 2019 and 2029
The sales of golf carts in India reached ~2,500 (Units) in 2018, discloses the latest report on the India golf cart market by Persistence Market Research. According to the analysis, the India golf cart market is projected to grow at ~18% CAGR during the forecast period. Mounting traction in tourism and hospitality industries, as well as demand for customization in golf carts in India is projected to boost the growth of the India golf cart market during the forecast period.
According to our brief research and deep dive analysis, tourism and hospitality industries form a major part of the service sector in India. Over the past few years, these have attracted decent investments owing to several factors. Moreover, governments have launched various initiatives over time to promote tourism. Under these, state governments have started using golf carts at tourist spots for transporting tourists, including children, elderly folks, and physically challenged people across long distances and hillocks.
The government is also focusing on increasing golf tourism in India by organizing golf events. These factors are collectively expected to boost the growth of the India golf cart market over the forecast period.
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FACTS AT A GLANCE
Companies: Yamaha Golf-Car Company, Club Car, LLC, Speedways Electric, Maini Material Movement Pvt. Ltd., Prevalence Ltd., Auto Power, Nebula Automotive Pvt. Ltd., GDrive Golf Carts, Carrieall Car Private Limited, Volmac Engg. (P) Limited, and among others.
Coverage: All major geographies and key segments
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Segments: India Golf Carts Market Segmented By Electric Golf Carts, Gasoline Golf Carts in Seating Capacity Small, Medium, Large Used in PSUs, Housing Projects, Golf Clubs
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
Persistence Market Research (PMR) recently published a study report on the India golf cart market. The report provides detailed valuation on the key market dynamics such as drivers, trends, opportunities, and restraints, as well as thorough information about the India golf cart market structure. This market research report represents exclusive facts and figures about how the India golf cart market will grow over the forecast period.
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Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the India golf cart market over the forecast period.
The study is relevant for stakeholders in the India golf cart market, including manufacturers, distributors, suppliers, and investors, and it can also help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the India golf cart market can leverage the information and statistics presented in PMR’s research report.
The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the India golf cart market. The study also offers actionable insights based on the future trends in the India golf cart market. Furthermore, regional players and new entrants in the India golf cart market can also use the information presented in this report to make business decisions and gain momentum in the market.
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