Growing Urban Population In Tier 2 And 3 Cities Is Anticipated To Openup The New Avanue For India Golf Cart Market
Golf Cart Market The India Golf Cart Market is estimated to be valued at US$ 25.66 Mn or Mn in 2023 and is expected to exhibit a CAGR of 21.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Golf carts are battery-powered vehicles used to transport golfers and their equipment around golf courses and for convenience purposes at public parks, resort communities, and airports. Growing golf tourism in India driven by rising numbers of golf courses is driving demand for these specialty vehicles in the country. Golf carts come in various models suited for both personal and commercial applications. Market Dynamics: India is witnessing a rapid urbanization with middle-class population shifting to Tier 2 and Tier 3 cities. This is augmenting the construction of public amenities such as gardens, parks, and recreational areas in these cities. Subsequently, the demand for outdoor mobility solutions such as golf carts