Please Wait.....
Report
Golf Cart Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
Market Reprt I 2024-12-19 I 240 Pages I Global Market Insights
The Global Golf Cart Market, valued at USD 2.6 billion in 2024, is on a promising trajectory, with projections indicating a robust CAGR of 8% from 2025 to 2034. The increasing popularity of golf as both a leisure activity and competitive sport, especially in developed regions, is a major driver of this market's expansion. As more people take up the sport and recreational facilities continue to grow, the demand for golf carts has surged. These versatile vehicles significantly enhance the golfing experience, offering convenience, efficiency, and accessibility to golfers of all ages. The trend is also supported by a broader shift toward eco-friendly alternatives in outdoor recreational activities.
Beyond golf courses, the growing use of golf carts in residential areas, resorts, and even airports further fuels the market. The convenience of electric-powered models, in particular, makes them a popular choice. Moreover, technological advancements in battery life, charging infrastructure, and vehicle design are continually enhancing their functionality and appeal. Golf carts are now viewed as not just a mode of transport on the course, but as a part of daily life in various sectors. As a result, manufacturers are actively innovating to meet evolving consumer demands for greener, more efficient, and cost-effective solutions.
The market is segmented by fuel type, with gasoline, electric, and solar-powered carts. As of 2024, the electric golf cart segment leads the market, holding a 63% share. This segment is expected to reach USD 3.6 billion by 2034, driven by the growing shift towards sustainability and the increasing environmental consciousness of consumers. Electric carts are powered by rechargeable batteries and are celebrated for their eco-friendly attributes, emitting no pollutants, which aligns with the preferences of environmentally conscious golfers. These carts are ideal for applications where low maintenance and quiet operation are key, including golf courses, residential communities, and tourist destinations.
In terms of application, the golf course segment took the largest share in 2024, holding 53%. Golf carts are indispensable on courses, offering essential services such as transporting players and equipment across expansive areas. They are especially beneficial for individuals with mobility challenges, allowing them to fully enjoy the game. Beyond player transport, golf carts are also essential for various operational needs on the course, such as maintenance, landscaping, and equipment transfer, helping to streamline management and improve overall course efficiency.
The U.S. golf cart market continues to be the largest player, accounting for 95% of the market share in 2024. By 2034, the U.S. market is expected to generate USD 3.2 billion. This growth is driven by the country's strong golfing culture, the widespread availability of golf courses, and the increasing adoption of golf carts beyond the course, such as in residential communities, retirement villages, airports, and resorts. The U.S. remains a key driver of market trends, setting the stage for continued growth and innovation in the sector.
Report Content
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry synopsis, 2021 - 2034
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Technology providers
3.1.2 Component suppliers
3.1.3 Manufacturers
3.1.4 OEMs
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Growing popularity of golf and leisure activities
3.7.1.2 Expanding applications beyond golf courses
3.7.1.3 Rising demand for eco-friendly and electric vehicles
3.7.1.4 Increasing urbanization and infrastructure development
3.7.2 Industry pitfalls & challenges
3.7.2.1 High initial costs for advanced models
3.7.2.2 Limited battery performance and charging infrastructure
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Fuel, 2021 - 2034 ($Bn, Units)
5.1 Key trends
5.2 Gasoline
5.3 Electric
5.4 Solar-powered
Chapter 6 Market Estimates & Forecast, By Application, 2021 - 2034 ($Bn, Units)
6.1 Key trends
6.2 Golf courses
6.3 Commercial services
6.4 PTV/SLV
Chapter 7 Market Estimates & Forecast, By Seating Capacity, 2021 - 2034 ($Bn, Units)
7.1 Key trends
7.2 2-Seater
7.3 4-Seater
7.4 6-Seater
7.5 Others
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Units)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 UK
8.3.2 Germany
8.3.3 France
8.3.4 Spain
8.3.5 Italy
8.3.6 Russia
8.3.7 Nordics
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 ANZ
8.4.6 Southeast Asia
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Argentina
8.6 MEA
8.6.1 UAE
8.6.2 South Africa
8.6.3 Saudi Arabia
Chapter 9 Company Profiles
9.1 Yamaha
9.2 Club Car
9.3 EZ-GO
9.4 Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD.
9.5 Marshell Green Power Co. Ltd
9.6 Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
9.7 GUANGZHOU LANGQING ELECTRIC CAR CO., LTD.
9.8 Garia Inc.
9.9 Polaris Industries Inc.
9.10 STAR EV Corporation
9.11 HDK Electric Vehicle
9.12 Columbia Vehicle Group Inc.
9.13 Cushman (A subsidiary of Textron Inc.)
9.14 Tomberlin (A Polaris Company)
9.15 JH Global Services Inc. (Star EV)
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security