The golf cart market is witnessing significant demand across countless applications worldwide, with the utility of these compact vehicles slowly moving beyond gutter players and their equipment across golf courses. The car is used for short-distance transportation solutions on farms, hotels, resorts, multi-family housing properties and industrial sites. This, in turn, has significantly expanded the scope of application of the golf cart industry across commercial applications.
Golf cars are usually built underground to give their gravity a lower center to prevent them from spreading over uneven terrain. Furthermore, another reason that contributes to the growing popularity of modern golf cart technology is their ease of use and convenience.
In planned communities, golf cars are considered an essential part of the day-to-day activities of older people living there. To cite an example in the United States, an Atlanta-based community, Pittree City, Ga. Over the years, its residents have encouraged the use of golf carts With more than 90 miles of golf cart paths spread across the community, the use of these vehicles has not only helped streamline traffic in the area but also earned the community a place on CNN / Money’s list of the best places to live.
Most recently, in August 2020, the City Council of Clinton approved a new ordinance that would allow the use of gas and electric golf carts on city streets, subject to certain regulatory standards and operational parameters. As the presence of these vehicles expands into commercial applications outside of golf courses, the global golf cart market will maintain a strong growth trajectory and is poised to surpass USD 2 billion by 2027.
How will a new interest in the COVID-19 epidemic affect trends in the golf cart industry?
With the onset of the COVID-19 epidemic, courses were forced to close due to social distance measures and lockdowns, leading to a sharp decline in the number of game rounds in early 2020. However, in the later stages of the epidemic, hope for a change in the game. With quarantine restrictions and mass closures gradually becoming easier, golf courses have emerged as the most ideal socially remote, “safe” place for recreation. This, in turn, led to a significant increase in interest in the game.
In fact, the US NGF (National Golf Foundation) recorded 24.8 million golfers in the United States in 2020, indicating an increase of about 2% or 500,000 compared to 2019, the largest net growth recorded in 17 years. 2020 Golf is witnessing the deepest percentage growth among new and young millennial golfers.
Encouraged by the larger-than-usual volume of opt-outs from players quoting economic or epidemic-related challenges, there is some uncertainty surrounding the game’s near future in the wake of the resurgence of COVID-19 in various countries. Industry experts have hailed 2021 as a year of fundamental change, with the opinion that the post-epidemic golf landscape could become stronger with more golfers and have better momentum than the previous year, continuously expanding the size of the golf cart market.
Solar-powered golf cart models usher in a new era of light mobility
Solar-powered golf carts are gaining considerable attention today, due to their popularity among owners who have to cover large distances. End-users of vehicles include golf course fleets, resort and city transportation facilities, utility maintenance workers and VIP cart drivers on college campuses, to name a few.
The benefits of converting to solar energy as a means of transportation have been supported by many research and research efforts over the years. One such techno-economic study conducted by scientists at the University of Arhas in Denmark suggests that a 50-kart golf bogie could facilitate a reduction in power consumption from a fleet grid if each unit is equipped with a 250 watt panel. The analysis, which examines the use of solar-powered golf carts in the marble of Spain-based Los Naranjos Golf Club, claims that the acquisition of these vehicles could be a profitable endeavor, capable of saving about € 15,607 annually, considering the € 75,000 advance investment.
Technological advances and strategic collaborations among the major players in the golf cart industry will further increase the demand for solar-powered golf carts in the years to come. Developing countries are also recording a strong interest in electric golf carts. For example, in October 2020, Kinetic Green Vehicles of India announced its intention to launch a new range of solar and electric powered golf carts designed by renowned automaker Lamborghini in 2018 as part of a joint venture signed by Tonino Lamborghini and Kinetic Green.
Under the terms of the agreement, Lamborghini will handle the design of the vehicles, while Kinetic Green will manage their production and marketing for the world market through its manufacturing facilities in India. The fancy golf cart series will be equipped with a number of high-end technologies, including advanced suspension and hydraulic brakes, to ensure optimal comfort and style.
Electric golf carts have been gaining traction throughout the sport in recent years, especially considering the intense focus on zero-carbon emissions and pollution mitigation. Because electric golf buggies require relatively low operating costs and maintenance, they are preferred over their gas-powered counterparts.
A notable example of this growth is DSG Global, Inc. signing a new lease agreement to establish its first manufacturing facility in North America, which will allow the firm to build its electrically powered single rider pacer golf cart for the Vantage tag system, as well as other models for the EV industry. And type. The pacer golf cart, first introduced in 2020, is also designed to accommodate individual players to comply with social distance protocols during gameplay, thus reducing the risk of contamination or germs.
From humble caddy-drawn justice rickshaws in 1932, to today’s modern technology-charged models, the golf cart industry has seen remarkable expansion and has achieved several milestones over the years. With the utility of this vehicle, both on and off the golf course, gaining increasing global recognition, electric and solar-powered golf carts are poised to establish themselves as a key part of sustainable mobility in the near future.
Author: Global Market Insights, Inc.