The Real Economic Impact of Golf

By Nikhil Hutheesing - 2013-07-26T21:13:08Z

Courtesy Neoteric Hovercraft 

Company Symbol % Change
6 of 14

Golf Carts

How would you like a golf cart that skims across water and travels at up to 50 miles per hour, carrying four passengers and two golf bags? The space-age hovercraft golf cart makes its debut July 27 at the Windy Knoll Golf Club in Springfield, Ohio. Originally created as a promotional tool for champion Bubba Watson, course officials at Windy Knoll bought two of the carts at $58,000 each. During this year's British Open, Mercedes released a concept for its own futuristic cart. This one is operated with a joystick and has solar panels on the roof to charge the battery (and an iPhone docking station, of course). High-tech golf carts may be just what the golf cart business needs, after suffering a 29 percent decline in sales during the recession. In 2012, revenue started to rebound, with sales up 6.4 percent, to $625.2 million, according to market researcher IBISWorld.

Sales of Golf Carts: $625.2 million

Advertisement