Golf Cart Market, By Type (Electric Golf Cart, Gasoline Golf Cart, Solar Golf Cart), By Applications (Golf, Personal/Residential, Commercial), lBy Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Global Golf Cart Market is estimated to be valued at USD 3.28 Bn in 2025 and is expected to reach USD 5.10 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 3.28 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
6.50%
2032 Value Projection:
USD 5.10 Bn
Figure. Golf Cart Market Share (%), By Region 2025
Golf carts have transformed from simple electric carts to recreational carts that provide enhanced comfort and mobility options. Advancements in battery technology and lightweight yet durable materials have enabled golf cart manufacturers to introduce new models with superior performance. Rising interest in golf and increasing demand for recreational vehicles boosts demand for golf carts worldwide. Government support for infrastructure development of golf courses and clubs can drive the market growth. However, high maintenance and purchase costs of electric golf carts can hamper the market growth.
Market Dynamics:
Global golf cart market growth is driven by rising number of golf courses and golf tourism activities across regions. According to National Golf Foundation, over 15 million rounds of golf were played in the U.S. during 2017. Growing popularity of golf as a recreational sport has encouraged construction of golf courses worldwide, thus, boosting demand for golf carts. Golf cart batteries require periodic replacement, which increases operational expenses. Moreover, regional price fluctuations of raw materials used in manufacturing of carts can hamper the market growth. Introduction of economic rental models and pay-per-use cart services can present lucrative growth opportunities. Incorporation of latest technologies such as GPS tracking and Bluetooth connectivity in premium models is gaining popularity.
Key features of the study:
This report provides in-depth analysis of the global golf cart market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global golf cart market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Cario, Club Car LLC, Columbia ParCar Corp., Cruise Car Inc., E-Z-GO (Textron Inc.), Garia Inc., Guangdong Marshell Electric Vehicle Co., Hawk Carts, HDK Electric Vehicle, KT Pan Company Limited, Polaris Industries, Sayulita Life.com, Suzhou Eagle Electric Vehicle Manufacturing Co., Textron Specialized Vehicles, Yamaha Golf-Car Company.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global golf cart market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global golf cart market.
Detailed Segmentation:
By Type
Electric Golf Cart
Gasoline Golf Cart
Solar Golf Cart
By Applications
Golf
Personal/Residential
Commercial
By Regional
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players Insights
Cario
Club Car LLC
Columbia ParCar Corp.
Cruise Car Inc.
E-Z-GO (Textron Inc.)
Garia Inc.
Guangdong Marshell Electric Vehicle Co.
Hawk Carts
HDK Electric Vehicle
KT Pan Company Limited
Polaris Industries
Sayulita Life.com
Suzhou Eagle Electric Vehicle Manufacturing Co.
Textron Specialized Vehicles
Yamaha Golf-Car Company
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Applications
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Golf Cart Market, By Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
Electric Golf Cart
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Gasoline Golf Cart
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Solar Golf Cart
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
5. Global Golf Cart Market, By Applications, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
Golf
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Personal/Residential
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Commercial
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
6. Global Golf Cart Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
North America
Regional Trends
Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, By Applications, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, By Applications, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, By Applications, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, By Applications, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, By Applications, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)