Thailand Golf Carts Market size is projected to grow at a CAGR of 5.9% during 2024-2030

Golf Course sector by Applications held the highest revenue share in Thailand Golf Carts Market -6Wresearch

In 2023, golf course accounted for a major revenue share due to Thailand's well-established reputation as a premier golfing destination in Southeast Asia (including Vietnam, Thailand, Singapore, Laos, Cambodia, Malaysia, the Philippines, and Indonesia), boasting over 300 18-hole golf courses, the highest in the region accounting for 1/3rd share. Additionally, Golfasian partnered with the Tourism Authority of Thailand in 2022 to promote "STAY & PLAY" golf packages in key destinations such as Bangkok, Pattaya, and Phuket. This initiative significantly boosted golf tourism and attracted a substantial number of international visitors.

According to 6Wresearch, Thailand Golf Carts Market size is projected to grow at a CAGR of 5.9% during 2024-2030. Thailand Golf Carts market witnessed steady growth in recent years, driven by the expansion of real estate and hospitality sectors. In H1 2023, Bangkok experienced a rise in hotel supply due to resurgence in tourist numbers. This surge raised the total hotel inventory to 110,503 rooms, with nine new hotels adding 1,747 rooms. Increased hotel capacity boosted the demand for golf carts, particularly for intra-hotel transportation, improving guest convenience and operational efficiency. Moreover, Thailand hosts various annual golf tournaments and events every year, for instance, in 2024 Thailand hosted Thailand Golf Expo, held from May 16th to May 19th, attracted over 50,000 visitors and played a crucial role in boosting golf tourism, promoting golf resorts and courses across Thailand, and driving demand for sustainable transportation solutions such as golf carts for intra-course and resort travel.

According to Bhawna, Senior Research Analyst, 6Wresearch, By product types, electric golf cart accounted for the largest revenue and volume share in 2023 as growing concerns about environmental impact prompted manufacturers to prioritize eco-friendly solutions.  By 2030, Thailand aims to convert around 30% of its annual production of 2.5 million vehicles into electric vehicles which would further support the growth in market size of electric golf carts in the forecast period. Moreover, electric golf cart have lower maintenance requirements and provide a smoother driving experience compared to gasoline-powered models, which has led to higher adoption rates in golf courses and commercial applications. This trend is further bolstered by the growing preference for electric golf carts in hotels and resorts across popular tourist destinations such as Krabi, Bangkok, and Pattaya.

Thailand Golf Carts Market (2024-2030) report provides an in-depth analysis with 16 figures and 8 tables, covered in 62 pages. The report thoroughly covers market by product types and by applications. Thailand Golf Carts Market outlook report provides an unbiased and detailed analysis of the on-going Thailand Golf Carts Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.