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EUROPE GOLF CART MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Europe Golf Cart Market by Seating Capacity (One-to-Four-seater, Above-Five-seater) Market by Vehicle Type (Gas Golf Cart, Electric Golf Cart, Solar Golf Cart) Market by End-user (Golf and Recreation, Commercial Usage, Personal Usage) by Geography


MARKET OVERVIEW

The Europe golf cart market is predicted to grow with a CAGR of 5.56% over the forecasted years of 2024 to 2032, capturing a revenue of $xx million by 2032.

The growth of the region’s market can be attributed to several key factors, including high per capita income, significant purchasing power, and stringent government regulations concerning vehicular emissions. However, due to saturation in the European market, the further expansion of the region’s golf cart industry is constrained.

Europe Golf Cart Market

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The Europe golf cart market growth study comprises the assessment of the United Kingdom, Germany, Sweden, the Netherlands, France, Spain, Ireland, Denmark, and Rest of Europe. Golf enjoys widespread popularity across the United Kingdom; England stands out with the highest number of registered golf courses, boasting a total of 1,872 courses. In addition, the repeal of the Vnuk law in the nation exempted golf carts from compulsory motor insurance when used as mobility aids. This has effectively reduced the cost of acquiring vehicles, facilitating the expansion of golf cart fleets by newer or smaller businesses.

Meanwhile, as per reports, Germany is ranked as the second-largest market for golf equipment in Europe. The number of registered golfers in the country has been steadily rising, presenting considerable opportunities for suppliers of golf-related goods. Furthermore, the golf sector in the country is flourishing, boasting over 730 facilities and 1,000 courses.

Germany’s Ministry of Environment mandates the use of renewable energy sources, such as solar and wind power, for generating electricity needed to recharge plug-in vehicles. As the adoption of renewable energy-powered golf carts continues to rise, this regulation is anticipated to drive the sales of golf carts and similar low-emission vehicles. Consequently, these factors are set to influence the growth of the Europe golf cart market in the upcoming years.

The Europe golf cart market is segmented into seating capacity, end-user, and vehicle type. The end-user category is further classified into golf and recreation, commercial usage, and personal usage. In contrast to the past, where the industry was primarily governed by private exclusivity, golf clubs are now accessible to the general public. This factor has significantly contributed to the growth of the golf and recreation segment. 

Additionally, golf carts are highly popular among hospitality and travel end-users. These low-utility vehicles are used commercially in the cargo and industrial logistics segment, as well, with notable specifications, including passenger capacity, power sources, and others.

Key players operating in the Europe golf cart market are Yamaha Golf-Car Company, Garia, etc.

Garia, headquartered in Denmark, manufactures and sells electric golf cars, focusing primarily on luxury golf and leisure vehicles. The company expanded its business by launching a new division called Garia Utility, specializing in the production of compact electric utility vehicles, namely the Garia Utility Park and the street-legal Garia Utility City models. 

Both vehicles are marketed under the Garia Utility brand name and are distributed through dedicated independent distributors. The Garia Street Legal is a luxury electric vehicle designed for golf, leisure, and street use. Meanwhile, the Garia Courtesy is a versatile electric vehicle with various customization options available.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Seating Capacity, End-User, Vehicle Type
Countries AnalyzedThe United Kingdom, Germany, Sweden, the Netherlands, France, Spain, Ireland, Denmark, and Rest of Europe
Companies AnalyzedClub Car, Cruise Car Inc, E-Z-Go (Acquired by Textron Inc), HDK Electric Vehicle, Varley Group, Hawk Carts, Evolution Electric Vehicles, Star EV Corporation, Thai Summit Group, Yamaha Golf-Car Company, Garia, Karrior Electric Vehicles, Tomberlin USA, Marshell Electric Vehicle Co Ltd
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON GOLF CART MARKET
    5. MAJOR MARKET FINDINGS
      1. RISE OF MULTI-PURPOSE FUNCTIONALITY OF GOLF CARTS
      2. GROWING FOCUS ON SAFETY FEATURES
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. EXPANSION OF THE GOLFING INDUSTRY
      2. SHIFT TOWARDS ELECTRIC GOLF CARTS TO REDUCE EMISSIONS
      3. SURGE IN GOLF TOURISM
    2. KEY RESTRAINTS
      1. HIGH COST OF GOLF MEMBERSHIP AND CARTS
      2. LEGAL LIMITATIONS AND REGULATORY CONSTRAINTS REGARDING GOLF CARTS
      3. AVAILABILITY OF ALTERNATE TRANSPORTATION SOLUTIONS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. RISING PREFERENCE FOR ECO-FRIENDLY GOLF CART OPTIONS
      2. INTEGRATION OF SMART TECHNOLOGY IN GOLF CARTS 
      3. INCREASING POPULARITY OF RENTAL AND SHARED MOBILITY SERVICES
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTIONS
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET CONCENTRATION ANALYSIS
    5. VALUE CHAIN ANALYSIS
      1. RAW MATERIALS
      2. MANUFACTURERS
      3. DISTRIBUTION
      4. END-USERS
    6. KEY BUYING CRITERIA 
      1. BATTERY LIFE
      2. PERFORMANCE AND SPEED
      3. ERGONOMICS
      4. STORAGE CAPACITY
  5. MARKET BY SEATING CAPACITY
    1. ONE-TO-FOUR-SEATER
    2. ABOVE-FIVE-SEATER
  6. MARKET BY VEHICLE TYPE
    1. GAS GOLF CART
    2. ELECTRIC GOLF CART
    3. SOLAR GOLF CART
  7. MARKET BY END-USER
    1. GOLF AND RECREATION
    2. COMMERCIAL USAGE
    3. PERSONAL USAGE
  8. GEOGRAPHICAL ANALYSIS
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE GOLF CART MARKET DRIVERS
      3. EUROPE GOLF CART MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE GOLF CART MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
        2. GERMANY
        3. FRANCE
        4. SPAIN
        5. IRELAND
        6. DENMARK
        7. NETHERLANDS
        8. SWEDEN
        9. REST OF EUROPE
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS 
    2. COMPANY PROFILES
      1. CLUB CAR
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. CRUISE CAR INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. EVOLUTION ELECTRIC VEHICLES
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. E-Z-GO (ACQUIRED BY TEXTRON INC)
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. GARIA
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. HAWK CARTS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. HDK ELECTRIC VEHICLE
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. KARRIOR ELECTRIC VEHICLES
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      9. MARSHELL ELECTRIC VEHICLE CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      10. STAR EV CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      11. THAI SUMMIT GROUP
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      12. TOMBERLIN USA
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      13. VARLEY GROUP
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      14. YAMAHA GOLF-CAR COMPANY
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – GOLF CART

TABLE 2: EUROPE GOLF CART MARKET, BY SEATING CAPACITY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: EUROPE GOLF CART MARKET, BY SEATING CAPACITY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: EUROPE GOLF CART MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: EUROPE GOLF CART MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: EUROPE GOLF CART MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: EUROPE GOLF CART MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: EUROPE GOLF CART MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: EUROPE GOLF CART MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: KEY PLAYERS OPERATING IN EUROPE GOLF CART MARKET

TABLE 11: LIST OF MERGERS & ACQUISITIONS

TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 14: LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING 

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: VALUE CHAIN ANALYSIS

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: EUROPE GOLF CART MARKET, GROWTH POTENTIAL, BY SEATING CAPACITY, IN 2023

FIGURE 8: EUROPE GOLF CART MARKET, BY ONE-TO-FOUR-SEATER, 2024-2032 (IN $ MILLION)

FIGURE 9: EUROPE GOLF CART MARKET, BY ABOVE-FIVE-SEATER, 2024-2032 (IN $ MILLION)

FIGURE 10: EUROPE GOLF CART MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2023

FIGURE 11: EUROPE GOLF CART MARKET, BY GAS GOLF CART, 2024-2032 (IN $ MILLION)

FIGURE 12: EUROPE GOLF CART MARKET, BY ELECTRIC GOLF CART, 2024-2032 (IN $ MILLION)

FIGURE 13: EUROPE GOLF CART MARKET, BY SOLAR GOLF CART, 2024-2032 (IN $ MILLION)

FIGURE 14: EUROPE GOLF CART MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 15: EUROPE GOLF CART MARKET, BY GOLF AND RECREATION, 2024-2032 (IN $ MILLION)

FIGURE 16: EUROPE GOLF CART MARKET, BY COMMERCIAL USAGE, 2024-2032 (IN $ MILLION)

FIGURE 17: EUROPE GOLF CART MARKET, BY PERSONAL USAGE, 2024-2032 (IN $ MILLION)

FIGURE 18: EUROPE GOLF CART MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 19: UNITED KINGDOM GOLF CART MARKET, 2024-2032 (IN $ MILLION)

FIGURE 20: GERMANY GOLF CART MARKET, 2024-2032 (IN $ MILLION)

FIGURE 21: FRANCE GOLF CART MARKET, 2024-2032 (IN $ MILLION)

FIGURE 22: SPAIN GOLF CART MARKET, 2024-2032 (IN $ MILLION)

FIGURE 23: IRELAND GOLF CART MARKET, 2024-2032 (IN $ MILLION)

FIGURE 24: DENMARK GOLF CART MARKET, 2024-2032 (IN $ MILLION)

FIGURE 25: NETHERLANDS GOLF CART MARKET, 2024-2032 (IN $ MILLION)

FIGURE 26: SWEDEN GOLF CART MARKET, 2024-2032 (IN $ MILLION)

FIGURE 27: REST OF EUROPE GOLF CART MARKET, 2024-2032 (IN $ MILLION)

FAQ’s