Market Share of Golf Cart Industry
The golf cart market is fragmented, owing to the presence of several regional players. For instance, major players include Yamaha Golf-Car Company, Club Car LLC, Textron Inc., HDK Electric Vehicles, and Guangdong Lvtong New Energy Electric Vehicle Technology Co. Ltd. With extremely new applications, such as short-distance tourism and electric mobility, coming into the picture, these companies have been offering new models that cater to such applications with advanced technologies.
- In October 2021, Columbia announced its partnership with Inventus Power, a global leader in designing and manufacturing advanced battery systems. The partnership aimed at incorporating a lithium battery pack option in Columbia Utilitruck products from 2022.
Golf Cart Market Leaders
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Yamaha Golf-Car Company
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Textron Specialized Vehicles Inc.
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Club Car LLC
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Lvtong New Energy Electric Vehicle Technology Co., LTD
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HDK Elecctric Vehicles
*Disclaimer: Major Players sorted in no particular order
