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Procurement Market Intelligence Report

Golf Carts
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Golf Carts?

What is the average price of Golf Carts?

This procurement report includes pricing information to help you purchase Golf Carts. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Golf Carts been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Golf Carts yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Golf Carts?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Golf Carts with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

Market share concentration for the golf carts market is high. The top four vendors in the market are all manufacturers, including Textron, Yamaha, Ingersoll Rand, Inc. and Garia, which together make up more than 50.0% of market revenue. According to ProcurementIQ estimates, there are approximately 1,400 vendors in the golf... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?

Regulation

How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Quality Control

What internal testing procedures do you use to ensure product quality?

How often do you experience defects with your golf carts?

What is your acceptable margin of error for the products I am seeking to purchase?

How many employees do you have in production roles, and how many in quality control roles?

Supply Chain

During the past three years, what percentage of your revenue has been dedicated to raw input materials?

Do you source materials from multiple suppliers or a single supplier?

How do you cope with sudden price increases of raw materials?

Can you give a recent example of a decision made by management that controlled costs and increased efficiency?

When input prices rise, how much of the cost is absorbed by you and how much is passed down to buyers?

Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?

How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?

Financial Risk

What is your company's sales history for the past five years?

Has your company ever been at risk of bankruptcy?

How does your company stay profitable during economic downturns?

What investments are you making in the company's future (new products, research and development, new plants, etc.)?

Is your company currently involved in litigation or facing the threat of litigation in the near future? If so, why?

Product Lines

What products or services do you offer in addition to golf carts?

What types of discounts do you offer for specific types or brands?

Are there any incentives for repeat customers?

What promotional deals exist for bulk buyers?

Service & Maintenance

Do you offer maintenance and repair services? If so, how much do these services cost?

How quickly can your technicians report to my site if technical support or repair is required?

What is the anticipated useful life of your product?

Are there any instances or circumstances that would significantly reduce the useful life?

Do you have a buyback program?

Customer Service

Do clients have a dedicated account manager, or do they call a general support line?

How many clients does each account manager look after?

Do you offer 24/7 customer account and technical support?

What is your process for dealing with customer problems and complaints? Do you have an escalation process?

Amidst widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should explicitly state the total contract amount.

Buyers should explain the schedule by which payments will be made.

For assistance in ascertaining a reasonable price and price range for golf carts, buyers can consult the Benchmark Price section of this report.

Selection Criteria

Buyers should look for suppliers that have been in business for a long time and have direct experience providing the kind of quality golf carts they are seeking.

Buyers should consider references from current and former customers.

Buyers should give preference to local suppliers in order to cut down on costs related to transportation. Furthermore, using a local supplier will simplify communication.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should communicate to prospective suppliers when award information results will be provided.

Buyers should state their general expectations with regard to response time and customer service.

Buyers should list the expected start and finish dates once a prospective supplier is chosen.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Vendors of golf carts are exposed to a moderate degree of supply chain risk, which primarily stems from the volatility of steel prices. As a globally traded commodity, steel prices are subject to large fluctuations due to trends in supply and demand, international trade laws, currency exchange rates and more.... Subscribe to learn more.

HIGH

MEDIUM

LOW