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View:1095 Reply:1 A swift rise of urbanisation and industrialisation is driving revenue growth of the global golf cart market   Return List
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    Last Login:Oct 24, 2017, 01:45 PM
    Post by :Jun 16, 2017, 04:52 PM
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    Countries such as India, China, South Africa, Brazil, and South Korea have undergone rapid urbanisation over the past decade. This swift rise of urbanisation and industrialisation is expected to boost mall culture, hi-tech and smart housing projects, and amusement and theme parks. All these developments are expected to drive the demand for internal transportation to carry people and goods, thus creating significant demand for golf carts. Also, growth in the golf course projects in North America, Asia, and Europe leads to high demand for golf carts. The development of tourism and hospitality industry and ease of operation supports the growth of the global golf cart market. The demand for customisation by the end users in relation to vehicle aesthetics and seating capacity has increased. To leverage this opportunity, manufacturers are expanding their offerings and providing customised solutions according to end-use applications. Hotels & resorts, rental services, and amusement parks are some of the major end users with high demand for customisation. 

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