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GERMANY GOLF CART MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Germany 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)

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MARKET OVERVIEW

The Germany golf cart market is anticipated to develop with a CAGR of 5.95% over the forecasting period, recording a revenue of $xx million by 2032. While the base year considered for the studied market is 2023, the forecast years are from 2024 to 2032.

Germany stands as the second-largest market for golf equipment in Europe, with a steadily growing number of registered golfers. This presents significant opportunities for suppliers in the golf industry. With more than 1,000 courses and 730 facilities, Germany offers a thriving landscape for golf-related businesses. Notably, the presence of more than 220,000 adult female golfers, maintaining the highest rate in Europe, underscores a crucial market segment for suppliers. Moreover, Germany has also continued to record a substantial overall number of junior golfers over the years.

Germany Golf Cart Market

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In parallel, large corporations are actively investing in low-carbon emission vehicles, aligning with Germany’s commitment to sustainability. The nation’s production of electric vehicles is on the rise, reaching 1 million units in 2020 and a projected 5 million units by 2030. Furthermore, mandates by the German Ministry of Environment stipulate the use of renewable energy sources like solar and wind power for recharging plug-in vehicles. This shift towards renewable energy is expected to propel the adoption of golf carts and similar low-emission vehicles, consequently boosting their sales in the market.

The Germany 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. Commercial usage encompasses the cargo and industrial logistics sector, with golf carts and buggies showing significant market potential within industries and warehouses. Yamaha, Polaris GEM, Cushman, and Taylor-Dunn are among the providers offering warehouses and industrial establishments with carts, utility vehicles, and rolling carts tailored for industrial use. These vehicles, characterized by specifications like power sources and passenger capacity, serve diverse purposes. 

Gas-powered engines propel golf carts used in industries, accommodating two to four passengers, while electric motor variants are preferred for general transportation within refineries and manufacturing sites. With the surge in online shopping, warehouses are witnessing increased activity, handling tasks such as stockpiling, loading, unloading, order fulfillment, shipping, and inventory transportation. Accordingly, golf carts play a crucial role in the transportation of goods within warehouse premises.

Some of the main players operating in the Germany golf cart market are Club Car, E-Z-Go (Acquired by Textron Inc), Garia, HanseCart, etc.

Yamaha Corporation, along with its subsidiaries, operates globally in the musical instruments, audio equipment, and related industries. Additionally, the company is involved in the production and sale of audio and visual media software, as well as the management of music and educational institutions.

Furthermore, Yamaha offers electronic devices, factory automation equipment, automotive interior wood components, and golf products. Alongside these ventures, Yamaha operates resorts, as well. The company is headquartered in Hamamatsu, Japan.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast Units

Revenue ($ Million)

Segments Analyzed
Seating Capacity, End-User, Vehicle Type
Countries AnalyzedGermany
Companies AnalyzedClub Car, E-Z-Go (Acquired by Textron Inc), Garia, HanseCart, Yamaha Golf-Cart Company

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT – GERMANY
    3. COUNTRY ANALYSIS – GERMANY
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON GOLF CART MARKET
    6. 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. VALUE CHAIN ANALYSIS
      1. RAW MATERIALS
      2. MANUFACTURERS
      3. DISTRIBUTION
      4. END-USERS
    5. 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. 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. E-Z-GO (ACQUIRED BY TEXTRON INC)
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. GARIA
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. HANSECART
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. YAMAHA GOLF-CAR COMPANY
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – GOLF CART

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

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

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

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

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

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

TABLE 8: LIST OF MERGERS & ACQUISITIONS

TABLE 9: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 10: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 11: 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: VALUE CHAIN ANALYSIS

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: GERMANY GOLF CART MARKET, GROWTH POTENTIAL, BY SEATING CAPACITY, IN 2023

FIGURE 7: GERMANY GOLF CART MARKET, BY ONE-TO-FOUR-SEATER, 2024-2032 (IN $ MILLION)

FIGURE 8: GERMANY GOLF CART MARKET, BY ABOVE-FIVE-SEATER, 2024-2032 (IN $ MILLION)

FIGURE 9: GERMANY GOLF CART MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2023

FIGURE 10: GERMANY GOLF CART MARKET, BY GAS GOLF CART, 2024-2032 (IN $ MILLION)

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

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

FIGURE 13: GERMANY GOLF CART MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 14: GERMANY GOLF CART MARKET, BY GOLF AND RECREATION, 2024-2032 (IN $ MILLION)

FIGURE 15: GERMANY GOLF CART MARKET, BY COMMERCIAL USAGE, 2024-2032 (IN $ MILLION)

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

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