Golf Cart Market Share

  • Report ID: 1216
  • Published Date: Apr 26, 2024
  • Report Format: PDF, PPT

Golf Cart Market Share

North America Market Statistics

The Golf Cart market in the North American region is expected to hold the largest with a share of about 42% by the end of 2036. The market growth in the region is also expected on account of increased golfers and rising golf awareness. For instance, in the US, more than 57,000 golf driving ranges were registered in 2020, which increased the demand for golf carts in this region.

The presence of the greatest number of golf courses in the country and the maximum number of golf players can both be strongly attributed to the growth of the regional market. For instance, the National Golf Foundation reports that there are more than 16,000 golf courses in the United States, making up around 40% of all golf courses worldwide. Furthermore, rising disposable income among consumers drives up spending on leisure activities, and the popularity of these sports is projected to contribute to the expansion of the regional market.

APAC Market Analysis

The APAC region will also encounter huge growth for the golf cart market during the forecast period and will hold the second position. This is owing to higher focus on mobility services, urbanization, governmental regulations, and an increase in fuel prices boosts the increasing demand for non-fuel-based vehicles over the fuel-based vehicles. Several technological advancements are also taking place in electrical vehicles, owing to governmental regulations and initiatives, which increase the market demand in this region.

Research Nester
Golf Cart Market Size
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Author Credits:  Saima Khursheed


  • Report ID: 1216
  • Published Date: Apr 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of golf carts was over USD 1.42 billion.

The market size for golf carts is projected to cross USD 3.09 billion by the end of 2036 expanding at a CAGR of 6.7% during the forecast period i.e., between 2024-2036.

The major players in the market are Platinum Equity Aadvisors LLC (Club Car), Textron Inc. (E Z GO), Yamaha Motor Co Ltd., Showa Denko (Hitachi Chemicals), Maini Group, Nordic Group of Companies Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Xiamen Dalle New Energy Automobile Co. Ltd., and others.

In terms of product type, the electric golf cart segment is anticipated to account for the largest market share of 48% during 2024-2036.

The North American golf cart sector is poised to hold the highest share of 35% by 2036.
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