Top 3 Emerging Trends Impacting The Global Golf Cart Market From 2017-2021

Technavio’s latest report on the global golf cart market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

The global golf cart market is divided into electric and gasoline segments. The electric golf cart segment has the majority, with a market share of over 71%. Long lasting, energy efficient, and eco-friendly golf cart batteries made of mainly Lithium-ion are the driving force behind the popularity of the segment.

Columbia ParCar is one of the leading vendors in the market space, specializing in long-lasting, eco-friendly products. It manufactures a range of zero emission vehicles and has some of the cleanest manufacturing processes, which comply with all governmental guidelines. The company currently enjoys one of the strongest footholds in the global market due to these factors.

The top three emerging trends driving the global golf cart market according to Technavio research analysts are:

• Technologically advanced golf carts

• Growing popularity of FootGolf

• Multipurpose usage of golf carts