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Changing Consumer Lifestyles Will Have a Positive Impact on the Global Golf Cart Market from 2015 to 2019: TechNavioTechNavio has announced the publication of a new market research report on the Global Golf Cart Market, which is expected to grow at a CAGR of 4.29 percent from 2015-2019. About the Report The report indicates that higher incomes, improved economic conditions and changing consumer lifestyles are the main factors impacting market growth. "As income levels increase worldwide, participation in golf is also increasing, which is affecting the popularity of the game," says Faisal Ghaus, Vice President of TechNavio. "Golf as a sport has also undergone several changes to suit evolving consumer needs, like development of the nine-hole golf course. Moreover, the game has seen a marked increase in participation from both the genders." From a technology perspective, the focus of vendors in the Global Golf Cart Market has shifted to finding ways to extend the life of li-ion batteries. These batteries have many advantages like low maintenance, high energy density, low self-discharge and can also be used for very high current applications. "With the improved features and advantages of li-ion batteries, vendors are increasingly using them in newer models of golf carts, which is expected to boost the overall market growth," says Ghaus. Key Information Covered in the Report:
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