The rapid urbanization and continual developments witnessed across leading nations including the adoption of a modern lifestyle and the push gained by the recreational and entertainment activities are creating promising prospects for businesses such as those involved in supplying related products. The increasing number of large-sized shopping malls and facilities are creating major demand for vehicles that aid in seamless internal commute and transport in these recreational centers. Golf carts are amongst such vehicles used for this purpose.
Apart from its conventional use on the golf course, golf carts are considered as a viable option for its application in other workspaces. As modern consumers demand quick service and relish the alternatives that enable them to commute from place to place eliminating the need to walk, the demand for golf carts is likely to rise predominantly over the coming years. Its precise design and effective functionality deliver the desired convenience and quick and easy transport to consumers across a number industries including tourism, hospitality, and rental services. Ahead of this, companies operating in the golf carts market are incorporating new technologies and working to align with ongoing industry trends.
Electric Golf Carts – Is Vehicle Electrification Influential for the Market?
Given the proliferation of vehicle electrification and the growing market for fuel-efficient and electric vehicles, the providers of golf carts expect promising growth with the electric golf cart variants. The replacement of ordinary golf carts with electric golf carts is largely witnessed across various facilities. This has propelled the manufacturers to bring more electric golf carts to the market.
Tennessee Department of Environment and Conservation (TDEC) recently replaced its gas-powered golf carts at the nine Tennessee State Park courses with electric ones. This replacement would not only improve the golfing experience by minimizing the noise associated to gas-powered carts but is also likely to result in an annual savings of nearly $80,000 and prevent the release of 350,000 pounds of annual carbon emissions.
The City of Vallejo recently released a request for proposal (RFP) in quest of recognized companies to provide the fleet of electric golf carts for their use at the Blue Rock Springs Golf Course.
Increasing Implementation in Asia Pacific Market to Offer Profitable Prospects
The golf carts market players are witnessing promising potential in the Asia Pacific region. The increasing deployment of golf carts across a number of facility centers in the Asian regions along with the continual developments made in terms of manufacturing of golf carts are opening major opportunities for the golf carts market players.
The deployment of golf carts is largely witnessed across various commercial spaces, airports being one of the most prominent ones. Owing to this, airports would contribute to the worldwide growth of golf carts market. Recently, the Pune Airport authorities have obtained three golf carts to transport passengers outside the terminal. With this move, the airport authorities hope to aid the challenges faced by the physically challenged and senior citizens.
Pune, India’s Kinetic Group’s Kinetic Green Energy and Power Solutions recently signed a joint venture agreement with Italy-based Tonino Lamborghini SPA with an aim to design and engineer premium golf carts. According to officials, the first batch of golf carts would be rolled out from Kinetic’s Ahmednagar plant by September 2019. The joint venture would focus on the production of both electric and solar-powered golf carts.
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