| Product Code: ETC4938825 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium experienced a decline in the growth rate of golf cart import shipments, with a notable decrease of -6.77%. However, the market saw a shift from moderate to low concentration according to the Herfindahl-Hirschman Index (HHI). Top exporting countries such as Poland, Germany, Taiwan, Metropolitan France, and China played a significant role in supplying golf carts to Belgium. Despite the recent dip in growth rate, the compound annual growth rate (CAGR) from 2020 to 2024 stood at a steady 2.68%, indicating a steady overall trend in the import market for golf carts in Belgium.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Golf Carts Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Golf Carts Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Golf Carts Market - Industry Life Cycle |
3.4 Belgium Golf Carts Market - Porter's Five Forces |
3.5 Belgium Golf Carts Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Belgium Golf Carts Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Belgium Golf Carts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of golf as a recreational activity in Belgium |
4.2.2 Growing awareness about environmental sustainability leading to the preference for electric golf carts |
4.2.3 Rise in disposable income and leisure spending among Belgian consumers |
4.3 Market Restraints |
4.3.1 High initial cost of purchasing golf carts |
4.3.2 Limited availability of charging infrastructure for electric golf carts in Belgium |
4.3.3 Seasonal nature of golfing leading to fluctuations in demand for golf carts |
5 Belgium Golf Carts Market Trends |
6 Belgium Golf Carts Market Segmentations |
6.1 Belgium Golf Carts Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Golf Carts Market Revenues & Volume, By Electric Golf Cart, 2021-2031F |
6.1.3 Belgium Golf Carts Market Revenues & Volume, By Gasoline Golf Cart, 2021-2031F |
6.1.4 Belgium Golf Carts Market Revenues & Volume, By Solar Golf Cart, 2021-2031F |
6.2 Belgium Golf Carts Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Belgium Golf Carts Market Revenues & Volume, By Golf Course, 2021-2031F |
6.2.3 Belgium Golf Carts Market Revenues & Volume, By Personal Services, 2021-2031F |
6.2.4 Belgium Golf Carts Market Revenues & Volume, By Commercial Services, 2021-2031F |
7 Belgium Golf Carts Market Import-Export Trade Statistics |
7.1 Belgium Golf Carts Market Export to Major Countries |
7.2 Belgium Golf Carts Market Imports from Major Countries |
8 Belgium Golf Carts Market Key Performance Indicators |
8.1 Average utilization rate of golf carts in Belgium |
8.2 Number of golf courses offering electric golf carts as an option |
8.3 Percentage of golf cart manufacturers in Belgium investing in RD for eco-friendly technologies |
9 Belgium Golf Carts Market - Opportunity Assessment |
9.1 Belgium Golf Carts Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Belgium Golf Carts Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Belgium Golf Carts Market - Competitive Landscape |
10.1 Belgium Golf Carts Market Revenue Share, By Companies, 2024 |
10.2 Belgium Golf Carts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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