Golf Carts Market Size, Share, Trends, Growth Outlook

Golf Carts Market is estimated to increase at a growth rate of 6.8% CAGR over the forecast period from 2024 to 2030.

The global Golf Carts Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Electric Golf Cart, Gasoline Golf Cart, Solar Golf Cart), By Application (Golf, Personal/Residential, Commercial).

An Introduction to Global Golf Carts Market, 2024

The Golf Carts Market in 2024 is witnessing significant growth and innovation driven by the increasing demand for eco-friendly transportation solutions in golf courses, resorts, retirement communities, and industrial facilities worldwide. Golf carts, also known as golf cars or buggies, are electric or gasoline-powered vehicles used for transporting golfers, equipment, and supplies across golf courses and recreational facilities. With advancements in electric propulsion technology, battery efficiency, and design aesthetics, golf cart manufacturers offer a diverse range of products that provide enhanced performance, comfort, and sustainability compared to traditional gasoline-powered models. Moreover, the integration of features such as onboard chargers, regenerative braking systems, and GPS navigation enhances the functionality and user experience of golf carts, ensuring efficient operation and convenience for golfers and facility operators. Additionally, the customization options and accessories available for golf carts, including weather enclosures, seating configurations, and storage compartments, cater to the diverse needs and preferences of users in various recreational and commercial settings. As golf courses and leisure facilities prioritize environmental stewardship, energy efficiency, and customer satisfaction, the Golf Carts Market continues to evolve, offering innovative solutions to meet the evolving demands of modern transportation and mobility in recreational and industrial environments.

Golf Carts Competitive Landscape

The global Golf Carts market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Golf Carts Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Golf Carts Market Industry include- Club Car LLC, Columbia ParCar Corp, Cruise Car Inc, Dongguan Excellence Golf & Sightseeing Car Co. Ltd, Garia Inc, HDK Electric Vehicles, JH Global Services Inc , Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd , Textron Specialized Vehicles Inc, Yamaha Golf-Car Company.

Golf Carts Market Trend: Shift Towards Electric-Powered Golf Carts

The most prominent trend in the golf carts market is the shift towards electric-powered models. With increasing emphasis on environmental sustainability and energy efficiency, there is a growing preference for electric golf carts over traditional gasoline-powered ones. Electric golf carts offer several advantages, including quieter operation, zero emissions, and lower operating costs, making them ideal for golf courses, resorts, and recreational facilities. Moreover, advancements in battery technology have improved the performance and range of electric golf carts, driving their adoption among consumers and golf course operators. This trend towards electric-powered golf carts is reshaping the market landscape, with manufacturers investing in electric vehicle technology and expanding their electric cart offerings to meet growing demand.

Golf Carts Market Driver: Rising Demand for Golf Tourism and Leisure Activities

A key driver shaping the golf carts market is the rising demand for golf tourism and leisure activities. As golf continues to gain popularity as a recreational sport and leisure activity worldwide, there is a corresponding increase in the demand for golf carts to enhance the golfing experience for players and spectators alike. Golf carts provide convenient transportation around golf courses, allowing players to navigate the course efficiently and carry their clubs and equipment comfortably. Additionally, golf carts are commonly used for leisurely rides and sightseeing tours in resorts, retirement communities, and recreational facilities, further driving their demand. The growth of golf tourism and leisure activities fuels the demand for golf carts, stimulating market growth and encouraging investments in product innovation and fleet expansion.

Golf Carts Market Opportunity: Integration of Smart Features and Connectivity

An opportunity for growth in the golf carts market lies in the integration of smart features and connectivity. With advancements in technology and the Internet of Things (IoT), there is potential to enhance the functionality and experience of golf carts through the integration of smart features such as GPS navigation, onboard entertainment systems, and wireless connectivity. Smart golf carts equipped with GPS-enabled navigation systems can provide real-time course mapping, distance measurements, and shot tracking, helping golfers improve their game and navigate unfamiliar courses more efficiently. Additionally, connectivity features such as Wi-Fi and Bluetooth enable golfers to stream music, access online content, and communicate with other players and course staff from their carts. By embracing smart technology and connectivity, golf cart manufacturers can differentiate their products, attract tech-savvy consumers, and capitalize on opportunities to enhance the golfing experience while driving market growth and innovation.

Golf Carts Market Segmentation

By Type
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
By Application
Golf
Personal/Residential
CommercialGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Golf Carts Companies

Club Car LLC
Columbia ParCar Corp
Cruise Car Inc
Dongguan Excellence Golf & Sightseeing Car Co. Ltd
Garia Inc
HDK Electric Vehicles
JH Global Services Inc
Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd
Textron Specialized Vehicles Inc
Yamaha Golf-Car Company
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Golf Carts Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Golf Carts Market Size Outlook, $ Million, 2021 to 2030
3.2 Golf Carts Market Outlook by Type, $ Million, 2021 to 2030
3.3 Golf Carts Market Outlook by Product, $ Million, 2021 to 2030
3.4 Golf Carts Market Outlook by Application, $ Million, 2021 to 2030
3.5 Golf Carts Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Golf Carts Industry
4.2 Key Market Trends in Golf Carts Industry
4.3 Potential Opportunities in Golf Carts Industry
4.4 Key Challenges in Golf Carts Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Golf Carts Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Golf Carts Market Outlook by Segments
7.1 Golf Carts Market Outlook by Segments, $ Million, 2021- 2030
By Type
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
By Application
Golf
Personal/Residential
Commercial

8 North America Golf Carts Market Analysis and Outlook To 2030
8.1 Introduction to North America Golf Carts Markets in 2024
8.2 North America Golf Carts Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Golf Carts Market size Outlook by Segments, 2021-2030
By Type
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
By Application
Golf
Personal/Residential
Commercial

9 Europe Golf Carts Market Analysis and Outlook To 2030
9.1 Introduction to Europe Golf Carts Markets in 2024
9.2 Europe Golf Carts Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Golf Carts Market Size Outlook by Segments, 2021-2030
By Type
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
By Application
Golf
Personal/Residential
Commercial

10 Asia Pacific Golf Carts Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Golf Carts Markets in 2024
10.2 Asia Pacific Golf Carts Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Golf Carts Market size Outlook by Segments, 2021-2030
By Type
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
By Application
Golf
Personal/Residential
Commercial

11 South America Golf Carts Market Analysis and Outlook To 2030
11.1 Introduction to South America Golf Carts Markets in 2024
11.2 South America Golf Carts Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Golf Carts Market size Outlook by Segments, 2021-2030
By Type
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
By Application
Golf
Personal/Residential
Commercial

12 Middle East and Africa Golf Carts Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Golf Carts Markets in 2024
12.2 Middle East and Africa Golf Carts Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Golf Carts Market size Outlook by Segments, 2021-2030
By Type
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
By Application
Golf
Personal/Residential
Commercial

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Club Car LLC
Columbia ParCar Corp
Cruise Car Inc
Dongguan Excellence Golf & Sightseeing Car Co. Ltd
Garia Inc
HDK Electric Vehicles
JH Global Services Inc
Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd
Textron Specialized Vehicles Inc
Yamaha Golf-Car Company

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
By Application
Golf
Personal/Residential
Commercial