By: Tomas Ronolski - AllPennyStocks.com News

Thursday, December 29, 2022

LSV is an acronym for “low speed vehicle.” According to Markets and Markets, the LSV market will enjoy 8.2% compound annual growth to swell from $8.9 billion in 2022 to $14.4 billion by 2027. There are a bevy of market drivers underscored by growing adoption of electric mobility solutions in residential golf communities, agriculture, industrial, college and university campuses, entertainment, security, and hotel and resort industries, amongst others.

LSVs are characterized by top speeds around 25 miles per hour. Some names of note in the market include Textron (NYSE: TXT), Deere & Co. (NYSE: DE), Yamaha (OTCPK: YAMHF), and DSG Global, Inc. (OTCQB: DSGT).

When it comes to golf carts, North America is dominant by a long shot, controlling about 80% of the global market, with 96% of that coming from the U.S. Golf carts aren’t just for golf anymore. As explained by DSG Global in a recent announcement re-capping 2022 and looking ahead into 2023, the explosion in usage is propelled in part by an aging population with substantial disposable income and seeking environmentally responsible lifestyles retiring in golf-oriented communities, such as the Villages in central Florida. It is estimated that over 100,000 golf carts are used in the Villages, where people can avoid crossing heavily trafficked roads by traveling in golf carts through bridges and tunnels.

Communities where golf carts are encouraged – or even mandated – are cropping up all over the South. Places like Bald Head Island, NC don’t have cars at all. People get there by boat and then get around on golf carts, bikes, e-bikes, and afoot. Peachtree City in Georgia has been nicknamed the golf cart city, owing to 90 miles of paths interconnected to work for golf carts, bike riders, and walkers.

The growth is translating to improving sales at DSG Global, a company founded over 12 years ago by original pioneers of the GPS Golf Fleet Management industry. 

DSG covers both the commercial and consumer LSV markets through 2 distinct product suites under the Vantage Tag brand. The commercial market is serviced through the industry leading GPS Fleet Management System which is a combination of hardware/software that operates with or without golfer information display options. This is now being expanded to an integrated line of Fleet carts which are being introduced at the PGA Show in Orlando January 2023 beginning with the flagship V-Club. 

The booming consumer market will be addressed with the recent acquisition of the worldwide rights to the coveted Carroll Shelby line of high-performance golf carts and e-bikes, also to be introduced at the PGA Show in January 2023. This combination of innovative commercial and consumer products immediately positions Vantage Tag at the forefront of the lucrative LSV market.

2022 was a transformative year for the company, highlighted by new partnerships, a key acquisition, launch of industry-leading carts, and an 8-figure backlog of orders on the books. Early in the year, DSG acquired exclusive worldwide rights to sell and distribute the full line-up of legendary Carroll Shelby high-performance golf carts and E-bikes for the consumer and golf community markets. The carts are unmistakably Shelby, including iconic stripes, cobra badge, and impeccable quality that will stand out in any golf cart community. 

The Vantage Tag Fleet Carts are aimed at disrupting the incumbent (Club Car, E-Z-Go, Yamaha) offerings with rich feature sets – bigger tires, nicer rims, more USB ports, full-size steering wheel, etc. – and attractive price point led by the flagship V-Club. In that same lane, Vantage has also introduced a lineup of new products and improvements to its legacy GPS Fleet Management System, including a new 10-inch-high-definition display screen that is ceiling or steering wheel mountable to provide golfers with all the pertinent information for a round of golf, complete with a messaging system connected to the clubhouse.

All these new products will be on display at booth 3433 from January 24-27 at the popular PGA Show in Orlando, Florida. In celebration of the launches, Vantage is giving away a fully loaded V-Club Fleet Carts to two lucky winners during the event.

In one of the most anticipated unveilings in the golf space, Vantage will finally show off its new SR1 single rider golf cart at the PGA Show. The SR1 is designed to solve pace of play issues for course management, capitalizing on lessons learned from the COVID-19 pandemic when rules dictated only one player per cart, which ultimate sped up pace of play. SR1 is equipped with all the latest technology and expected to experience high demand for its utility and revenue share model that doesn’t require an upfront capital investment from the operator.

To bolster awareness, DSGT has engaged renowned branding firms Polish Your Image Marketing, tasking them with launching new product sites and messaging strategies that will help capture additional market share with its innovative products that represent one of the most complete suites available today.

According to Pat Parenti, Senior VP of Global Sales at Vantage Tag Systems, the company had a great year with over $12.5 million in orders in hand. Expectations are high for 2023 with the new products hitting the market, in addition to another 125 dealers joining their network and new members being hired for the sales team. 

It is with good reason that the company is excited about the trajectory of its golf cart business for 2023. 

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DSG Global, Inc. (OTCQB: DSGT) Full Corporate Write-Up: Click Here.

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