India Golf Carts Market Expectations and Growth Trends Highlighted Until 2029

The sales of golf carts in India reached ~2,500 (Units) in 2018, discloses the latest report on the India golf cart market by Persistence Market Research. According to the analysis, the India golf cart market is projected to grow at ~18% CAGR during the forecast period. Mounting traction in tourism and hospitality industries, as well as demand for customization in golf carts in India is projected to boost the growth of the India golf cart market during the forecast period.

According to our brief research and deep dive analysis, tourism and hospitality industries form a major part of the service sector in India. Over the past few years, these have attracted decent investments owing to several factors. Moreover, governments have launched various initiatives over time to promote tourism. Under these, state governments have started using golf carts at tourist spots for transporting tourists, including children, elderly folks, and physically challenged people across long distances and hillocks.

The government is also focusing on increasing golf tourism in India by organizing golf events. These factors are collectively expected to boost the growth of the India golf cart market over the forecast period.

The entry of new players is expected to create significant opportunities in the India golf cart market in the period of 2019-2029.

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India Golf Cart Market: Vendor Insights

Persistence Market Research’s business analysis also highlights inventive perceptions about the competitive set-up of the India golf cart market and distinctive approaches of regional market players. Some key players in the market are Yamaha Golf-Car Company, Club Car, LLC, Speedways Electric, Maini Material Movement Pvt. Ltd., Prevalence Ltd., Auto Power, Nebula Automotive Pvt. Ltd., GDrive Golf Carts, Carrieall Car Private Limited, Volmac Engg. (P) Limited, and among others.