Market Forecast By Product Type (Electric Golf Cart, Gasoline Golf Cart, Solar Golf Cart), By Applications (Golf Course, Personal Services, Commercial Services) And Competitive Landscape
Product Code: ETC016548 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Indonesia Golf Carts Market |
Forecast period | 2025-2031 |
CAGR | 7.1% |
Growing Sector | Electric Golf Cart |
The Indonesia Golf Carts Market report comprehensively covers the market by Product Type and Applications. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The Indonesia Golf Carts Market is poised for substantial growth, driven by the rising popularity of golf as a leisure activity and the expanding use of golf carts beyond traditional golf courses.
According to 6Wresearch, the Indonesia Golf Carts Market is anticipated to grow at a CAGR of 7.1% from 2025-2031. The electric golf cart segment is witnessing significant growth, primarily due to its eco-friendly nature and lower operational costs. The increasing awareness of environmental sustainability is pushing both commercial and personal users towards electric variants. Additionally, the expansion of commercial services, including resorts and gated communities, is fueling the demand for golf carts.
However, the market faces certain challenges, such as the high initial cost of electric golf carts, which can be a barrier to adoption for some users. Additionally, the limited infrastructure for charging electric vehicles in certain areas may hinder the widespread use of electric golf carts. The market also faces competition from alternative transport modes within golf courses and commercial establishments, which may impact market growth.
Key players in the Indonesia Golf Carts Market include Yamaha Golf-Car Company, Club Car, and E-Z-GO. Yamaha Golf-Car Company is known for its high-performance gasoline and electric golf carts, which are popular in both personal and commercial applications. Club Car offers a diverse range of electric and solar-powered golf carts, focusing on sustainability and innovation. E-Z-GO specializes in manufacturing durable and reliable golf carts, catering to golf courses and commercial services with a strong emphasis on customer satisfaction and after-sales support.
The Indonesian government is actively promoting the use of electric vehicles, including golf carts, as part of its broader environmental sustainability initiatives. Policies aimed at reducing carbon emissions and encouraging the adoption of green technologies are expected to drive the demand for electric golf carts. Additionally, the government is investing in infrastructure development, including charging stations, which will support the growth of the electric golf cart market. These initiatives are aligned with the country's commitment to reducing its carbon footprint and promoting eco-friendly transportation solutions.
The Indonesia Golf Carts Market is set to experience robust growth over the forecast period, driven by the increasing adoption of electric and solar-powered golf carts. The shift towards eco-friendly transportation solutions is expected to continue, with electric golf carts leading the market. The rise of commercial services, such as resorts, hotels, and gated communities, will further boost the demand for golf carts. Technological advancements, including enhanced battery life and smart features, are likely to attract more users, expanding the market. Additionally, the government's support for green technologies and infrastructure development will play a crucial role in shaping the future of the market, making it more sustainable and accessible.
According to Ravi Bhandari, Research Head, 6Wresearch, the electric golf cart segment dominates the market due to its environmental benefits and cost-efficiency, appealing to a broad range of consumers. Gasoline golf carts continue to be popular in areas with limited charging infrastructure, providing reliable performance for both personal and commercial use. Solar golf carts are gaining attention as a sustainable alternative, particularly in regions with high solar irradiance, offering an eco-friendly option with lower operational costs.
The golf course segment remains the primary application area for golf carts, driven by the growing popularity of the sport and the development of new golf courses across the country. The personal services segment is expanding, with more consumers opting for golf carts as a convenient mode of transport within gated communities and large residential complexes. Commercial services, including resorts, hotels, and airports, are increasingly utilizing golf carts for efficient and eco-friendly transportation, contributing to the overall market growth.
The report provides a detailed analysis of the following market segments:
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 Indonesia Golf Carts Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Golf Carts Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Golf Carts Market - Industry Life Cycle |
3.4 Indonesia Golf Carts Market - Porter's Five Forces |
3.5 Indonesia Golf Carts Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Indonesia Golf Carts Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Indonesia Golf Carts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Golf Carts Market Trends |
6 Indonesia Golf Carts Market, By Types |
6.1 Indonesia Golf Carts Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Golf Carts Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Indonesia Golf Carts Market Revenues & Volume, By Electric Golf Cart, 2021-2031F |
6.1.4 Indonesia Golf Carts Market Revenues & Volume, By Gasoline Golf Cart, 2021-2031F |
6.1.5 Indonesia Golf Carts Market Revenues & Volume, By Solar Golf Cart, 2021-2031F |
6.2 Indonesia Golf Carts Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Golf Carts Market Revenues & Volume, By Golf Course, 2021-2031F |
6.2.3 Indonesia Golf Carts Market Revenues & Volume, By Personal Services, 2021-2031F |
6.2.4 Indonesia Golf Carts Market Revenues & Volume, By Commercial Services, 2021-2031F |
7 Indonesia Golf Carts Market Import-Export Trade Statistics |
7.1 Indonesia Golf Carts Market Export to Major Countries |
7.2 Indonesia Golf Carts Market Imports from Major Countries |
8 Indonesia Golf Carts Market Key Performance Indicators |
9 Indonesia Golf Carts Market - Opportunity Assessment |
9.1 Indonesia Golf Carts Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Indonesia Golf Carts Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Indonesia Golf Carts Market - Competitive Landscape |
10.1 Indonesia Golf Carts Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Golf Carts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |