Saudi Arabia Golf Carts Market (2024-2030) | Growth, Share, Size, Trends, Value, Outlook, Forecast, Industry, Companies, Revenue, Analysis

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: ETC016559 Publication Date: Jul 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Saudi Arabia Golf Carts Market Synopsis

The Saudi Arabia golf carts market is expected to register a CAGR of 6.4% during the forecast period, 2020-2026. The increasing popularity of golf as a leisure activity and its growing number of courses are likely to bolster the demand for electric powered golf carts in the country over the coming years. Furthermore, numerous government initiatives towards promoting tourism activities are expected to further drive up the sales of these vehicles in Saudi Arabia.

Market Drivers

Government Initiatives Towards Promoting Tourism Activities Within KSA, the Vision 2030 Plan announced by Crown Prince Mohammed bin Salman aims at transforming Saudi Arabia into a major center for entertainment & recreation industry through diversification away from oil exports coupled with massive investments into building infrastructure catering towards tourist attractions including theme parks, sports arenas , stadiums etc.. These moves have already started bearing fruits as seen by opening up previously restricted destinations like Red Sea resorts offering world class facilities enabling luxury stay experience thereby attracting tourists from all parts of globe looking forward to explore exotic locations leading again increase sale volume incentivizing manufactures operating within this space thereby driving overall revenue growth substantially over time.

Challenges of the Market

Despite significant gains achieved due environmental friendly benefits associated alongwith convenience factor provided by electric powered vehicles they tend be comparatively more expensive than their gas counterparts owing high costs involved related battery installation , charging system components etc., resulting lack affordability amongst customers not willing shell out extra money upfront even though low operational cost offers long term savings eventually thus hampering potential market penetration opportunities facing manufacturers wanting capitalise on burgeoning demand present scenario turning back potential buyers.

Covid 19 Impact on the Market

The Covid-19 pandemic has adversely affected the global economy, including that of Saudi Arabia. The lockdown imposed by different countries has led to closure of several businesses around the world, resulting in decline in consumer spending on leisure activities like golfing. This situation may have an impact on sales volumes of Golf carts during 2020-2021; however it is expected that with relaxation in lockdown restrictions globally, there will be considerable recovery post 2021 when normalcy returns.

key players of the Market

Some key players operating within Saudi Arabia Golf Cart Market are FERMO Electric Cars Ltd., EZGO Corporation (Textron Inc.), Yamaha Motor Co., Ltd., Club Car LLC (Ingersoll Rand Plc.), Garia A/S and Polaris Industries Inc.

Key Highlights of the Report:

  • Saudi Arabia Golf Carts Market Outlook
  • Market Size of Saudi Arabia Golf Carts Market, 2023
  • Forecast of Saudi Arabia Golf Carts Market, 2030
  • Historical Data and Forecast of Saudi Arabia Golf Carts Revenues & Volume for the Period 2020-2030
  • Saudi Arabia Golf Carts Market Trend Evolution
  • Saudi Arabia Golf Carts Market Drivers and Challenges
  • Saudi Arabia Golf Carts Price Trends
  • Saudi Arabia Golf Carts Porter's Five Forces
  • Saudi Arabia Golf Carts Industry Life Cycle
  • Historical Data and Forecast of Saudi Arabia Golf Carts Market Revenues & Volume By Product Type for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Golf Carts Market Revenues & Volume By Electric Golf Cart for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Golf Carts Market Revenues & Volume By Gasoline Golf Cart for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Golf Carts Market Revenues & Volume By Solar Golf Cart for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Golf Carts Market Revenues & Volume By Applications for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Golf Carts Market Revenues & Volume By Golf Course for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Golf Carts Market Revenues & Volume By Personal Services for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Golf Carts Market Revenues & Volume By Commercial Services for the Period 2020-2030
  • Saudi Arabia Golf Carts Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Applications
  • Saudi Arabia Golf Carts Top Companies Market Share
  • Saudi Arabia Golf Carts Competitive Benchmarking By Technical and Operational Parameters
  • Saudi Arabia Golf Carts Company Profiles
  • Saudi Arabia Golf Carts Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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 Saudi Arabia Golf Carts Market Overview

3.1 Saudi Arabia Country Macro Economic Indicators

3.2 Saudi Arabia Golf Carts Market Revenues & Volume, 2020 & 2030F

3.3 Saudi Arabia Golf Carts Market - Industry Life Cycle

3.4 Saudi Arabia Golf Carts Market - Porter's Five Forces

3.5 Saudi Arabia Golf Carts Market Revenues & Volume Share, By Product Type, 2020 & 2030F

3.6 Saudi Arabia Golf Carts Market Revenues & Volume Share, By Applications, 2020 & 2030F

4 Saudi Arabia Golf Carts Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Saudi Arabia Golf Carts Market Trends

6 Saudi Arabia Golf Carts Market, By Types

6.1 Saudi Arabia Golf Carts Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Saudi Arabia Golf Carts Market Revenues & Volume, By Product Type, 2020-2030F

6.1.3 Saudi Arabia Golf Carts Market Revenues & Volume, By Electric Golf Cart, 2020-2030F

6.1.4 Saudi Arabia Golf Carts Market Revenues & Volume, By Gasoline Golf Cart, 2020-2030F

6.1.5 Saudi Arabia Golf Carts Market Revenues & Volume, By Solar Golf Cart, 2020-2030F

6.2 Saudi Arabia Golf Carts Market, By Applications

6.2.1 Overview and Analysis

6.2.2 Saudi Arabia Golf Carts Market Revenues & Volume, By Golf Course, 2020-2030F

6.2.3 Saudi Arabia Golf Carts Market Revenues & Volume, By Personal Services, 2020-2030F

6.2.4 Saudi Arabia Golf Carts Market Revenues & Volume, By Commercial Services, 2020-2030F

7 Saudi Arabia Golf Carts Market Import-Export Trade Statistics

7.1 Saudi Arabia Golf Carts Market Export to Major Countries

7.2 Saudi Arabia Golf Carts Market Imports from Major Countries

8 Saudi Arabia Golf Carts Market Key Performance Indicators

9 Saudi Arabia Golf Carts Market - Opportunity Assessment

9.1 Saudi Arabia Golf Carts Market Opportunity Assessment, By Product Type, 2020 & 2030F

9.2 Saudi Arabia Golf Carts Market Opportunity Assessment, By Applications, 2020 & 2030F

10 Saudi Arabia Golf Carts Market - Competitive Landscape

10.1 Saudi Arabia Golf Carts Market Revenue Share, By Companies, 2023

10.2 Saudi Arabia Golf Carts Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All