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EUROPE GOLF CART MARKET FORECAST 2022-2030

The Europe golf cart market is predicted to grow with a CAGR of 5.65% over the forecasted years of 2022 to 2030, capturing a revenue share of $649.90 million by 2030.

EUROPE GOLF CART MARKET FORECAST 2022-2030

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

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The Europe golf cart market is predicted to grow with a CAGR of 5.65% over the forecasted years of 2022 to 2030, capturing a revenue share of $649.90 million by 2030.

The region’s market growth is attributable to key drivers such as the high per capita income and significant purchasing power, in addition to stringent government regulations associated with vehicular emissions. However, since the European market is highly saturated, the further growth of the region’s golf cart market is limited.

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. As the largest market for golf courses, the United Kingdom harbored 3,101 golf courses as of 2021, with 883,500 people playing golf in 2020. The United Kingdom also has the highest percentage of link golf courses globally. Moreover, the unpopular Vnuk law was repealed in the country, exempting golf carts from mandatory motor insurance in terms of their usage as mobility aids. Subsequently, this factor played an essential role in lowering the cost of vehicle acquisition while encouraging relatively new or smaller corporations to expand their fleet of golf carts used for various purposes.

On the other hand, Germany is the second-largest market for golf equipment in Europe. The number of golfers registered in the nation has been continually increasing, thereby generating tremendous opportunities for golf-related goods’ suppliers. For instance, between 2017 and 2018, over 640,000 golfers registered in Germany. The country’s golf sector is also proliferating steadily, with more than 730 facilities as well as 1,000 courses.

The German Ministry of Environment mandates that only renewable energy resources, including solar as well as wind power, may be utilized for the generation of electricity required to recharge plug-in vehicles. Since golf carts running on renewable energy are anticipated to increase, this factor would bolster the sale of golf carts as well as similar low-emission vehicles. Hence, these drivers are expected to influence the Europe golf cart market growth over the forecast 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. Unlike the private exclusivity that previously governed the market, golf clubs are now accessible to the general public, as well, thus fueling the growth of the golf and recreation segment. Furthermore, golf carts are also becoming widely popular among hospitality and travel end-users.

Conversely, the commercial usage of golf carts includes the cargo and industrial logistics segment. These golf carts or low-utility vehicles also entail key specifications, including passenger capacity, power sources, and other features.

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

Polaris Inc, headquartered in the United States, is engaged in the manufacturing, designing, and engineering of sports vehicles, including off-road vehicles (ORV), military and commercial off-road vehicles, motorcycles, boats, snowmobiles, quadricycles, moto-roadsters, as well as aftermarket accessories and apparel.

The company’s GEM e2 is an electric vehicle comprising three-point seat belts and an automotive glass windshield. The two-seater vehicle has a top speed of 35 mph (50 km/h).

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Seating Capacity, End-User, Vehicle Type
Countries Analyzed The United Kingdom, Germany, Sweden, the Netherlands, France, Spain, Ireland, Denmark, and Rest of Europe
Companies Analyzed

Club Car, Cruise Car Inc, E-Z-Go (Acquired by Textron Inc), HDK Electric Vehicle, Varley Group, Hawk Carts, Evolution Electric Vehicles, Polaris Industries Inc, Star EV Corporation, Thai Summit Group, Yamaha Golf-Car Company (Yamaha Corporation), Garia, Karrior Electric Vehicles, Tomberlin, Marshell

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASING NUMBER OF GOLF COURSES
        • GOVERNMENT REGULATIONS REGARDING VEHICULAR EMISSIONS
        • GROWTH IN GOLF TOURISM
      • KEY RESTRAINTS
        • HIGH COST OF GOLF MEMBERSHIPS AND GOLF CARTS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON GOLF CART MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • REGULATORY FRAMEWORK
    2. MARKET BY SEATING CAPACITY
      • ONE-TO-FOUR-SEATER
      • ABOVE-FIVE-SEATER
    3. MARKET BY END-USER
      • GOLF AND RECREATION
      • COMMERCIAL USAGE
      • PERSONAL USAGE
    4. MARKET BY VEHICLE TYPE
      • GAS GOLF CART
      • ELECTRIC GOLF CART
      • SOLAR GOLF CART
    5. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • SPAIN
          • IRELAND
          • DENMARK
          • NETHERLANDS
          • SWEDEN
          • REST OF EUROPE
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES
        • PARTNERSHIPS
        • DIVESTITURES
      • COMPANY PROFILES
        • CLUB CAR
        • CRUISE CAR INC
        • EVOLUTION ELECTRIC VEHICLES
        • E-Z-GO (ACQUIRED BY TEXTRON INC)
        • GARIA
        • HAWK CARTS
        • HDK ELECTRIC VEHICLE
        • KARRIOR ELECTRIC VEHICLES
        • MARSHELL
        • POLARIS INDUSTRIES INC
        • STAR EV CORPORATION
        • THAI SUMMIT GROUP
        • TOMBERLIN
        • VARLEY GROUP
        • YAMAHA GOLF-CAR COMPANY (YAMAHA CORPORATION)

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – GOLF CART

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: EUROPE GOLF CART MARKET, BY SEATING CAPACITY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: EUROPE GOLF CART MARKET, BY SEATING CAPACITY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 5: EUROPE GOLF CART MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: EUROPE GOLF CART MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 7: EUROPE GOLF CART MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: EUROPE GOLF CART MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 9: EUROPE GOLF CART MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 10: EUROPE GOLF CART MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 11: LEADING PLAYERS OPERATING IN EUROPE GOLF CART MARKET

    TABLE 12: LIST OF MERGERS & ACQUISITIONS

    TABLE 13: LIST OF PRODUCT LAUNCHES

    TABLE 14: LIST OF PARTNERSHIPS

    TABLE 15: LIST OF DIVESTITURES          

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: EUROPE GOLF CART MARKET, GROWTH POTENTIAL, BY SEATING CAPACITY, IN 2021

    FIGURE 6: EUROPE GOLF CART MARKET, BY ONE-TO-FOUR-SEATER, 2022-2030 (IN $ MILLION)

    FIGURE 7: EUROPE GOLF CART MARKET, BY ABOVE-FIVE-SEATER MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 8: EUROPE GOLF CART MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 9: EUROPE GOLF CART MARKET, BY GOLF AND RECREATION, 2022-2030 (IN $ MILLION)

    FIGURE 10: EUROPE GOLF CART MARKET, BY COMMERCIAL USAGE, 2022-2030 (IN $ MILLION)

    FIGURE 11: EUROPE GOLF CART MARKET, BY PERSONAL USAGE, 2022-2030 (IN $ MILLION)

    FIGURE 12: EUROPE GOLF CART MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021

    FIGURE 13: EUROPE GOLF CART MARKET, BY GAS GOLF CART, 2022-2030 (IN $ MILLION)

    FIGURE 14: EUROPE GOLF CART MARKET, BY ELECTRIC GOLF CART, 2022-2030 (IN $ MILLION)

    FIGURE 15: EUROPE GOLF CART MARKET, BY SOLAR GOLF CART, 2022-2030 (IN $ MILLION)

    FIGURE 16: EUROPE GOLF CART MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 17: UNITED KINGDOM GOLF CART MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 18: GERMANY GOLF CART MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 19: FRANCE GOLF CART MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 20: SPAIN GOLF CART MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 21: IRELAND GOLF CART MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 22: DENMARK GOLF CART MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 23: NETHERLANDS GOLF CART MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 24: SWEDEN GOLF CART MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 25: REST OF EUROPE GOLF CART MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • SPAIN
          • IRELAND
          • DENMARK
          • NETHERLANDS
          • SWEDEN
          • REST OF EUROPE
    1. MARKET BY SEATING CAPACITY
      • ONE-TO-FOUR-SEATER
      • ABOVE-FIVE-SEATER
    2. MARKET BY END-USER
      • GOLF AND RECREATION
      • COMMERCIAL USAGE
      • PERSONAL USAGE
    3. MARKET BY VEHICLE TYPE
      • GAS GOLF CART
      • ELECTRIC GOLF CART
      • SOLAR GOLF CART

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