Go Kart Global Market Report 2024

The go kart market size has grown strongly in recent years. It will grow from $112.37 billion in 2023 to $118.78 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historical period can be attributed to the demand for leisure and entertainment, the integration of go-karts in amusement parks, the influence of motorsports, and the engagement of do-it-yourself (DIY) enthusiasts.

The go kart market size is expected to see steady growth in the next few years. It will grow to $143.62 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The anticipated growth in the forecast period can be attributed to factors such as increased accessibility and expansion, a growing interest in motorsports, heightened environmental concerns, and increased engagement and education among youth. Significant trends expected in the forecast period include advancements in technology, the adoption of electric go-karts, integration of augmented reality (AR), a focus on customization and personalization, emphasis on safety and accessibility, and the establishment of professional training centers.

The anticipated growth in the go-kart market is driven by the increasing engagement in recreational activities. Recreational activities, which offer leisure and entertainment, find go-karts as a popular choice, providing an exhilarating experience for individuals of various ages and skill levels. Notably, data from the Sports & Fitness Industry Association (SFIA) in March 2023 revealed that over 76% of Americans, equivalent to 236.9 million people, participated in recreational activities in 2022, marking a 1.9% increase from the previous year. This heightened participation in sports, fitness exercises, and outdoor recreation activities contributes to the expansion of the go-kart market.

The go-kart market is expected to benefit from rapid urbanization. The process of population concentration in cities and the transformation of rural areas into urban spaces has led to advancements in go-karting technologies, including electric karts and virtual reality karting simulators. These innovations make go-karting more accessible and enjoyable for individuals of diverse ages and abilities. Global urbanization trends, as reported by the United Nations Department of Economic and Social Affairs in September 2021, indicate that 4.46 billion people resided in urban areas in 2021, and this number is projected to increase to 6.68 billion by 2050. The rapid pace of urbanization is expected to fuel substantial demand in the go-kart market.

A prominent trend in the go-kart market is the emphasis on product innovations. Major companies in the industry are actively developing innovative go-kart products to stay competitive. For example, in June 2023, Razor LLC, a US-based electric vehicle manufacturing company, introduced the Ground Force Elite electric go-kart. This model, designed for teens and adults, features enhancements such as a 36-volt electric motor, a padded bucket seat, a forward and reverse drive switch, hand-operated rear disc brake, and a commendable weight capacity. The Razor Ground Force Elite electric go-kart stands out as an exciting and safe option for those seeking an entertaining mode of transportation.

Strategic collaborations are a key focus for major players in the go-kart market to maintain their market positions. In October 2023, Bingemans Hospitality and K1 Speed Canada joined forces to establish a new go-kart facility within the Cambridge Centre Mall. This collaboration led to the approval of a rezoning permit by Cambridge Council, enabling the transformation of an old cement ice pad into a dynamic go-kart track. The partnership aims to create a vibrant and thrilling go-karting experience for residents and visitors in the Cambridge area.

In July 2022, Qcapital AG and Bic Capital acquired a 70% stake in OTK Kart Group S.R.L. This strategic move by the private equity firms aims to expand offerings, introduce new products and services, and enhance operational efficiency. OTK Kart Group S.R.L., an Italian company specializing in manufacturing racing go-karts, aligns with the growth strategies of Qcapital AG and Bic Capital in the dynamic go-kart market.

Major companies operating in the go kart market report are Yamaha Motor Co. Ltd., Briggs & Stratton LLC, Comer Industries, Lotus Cars Ltd., Sodikart S.A.S., Praga Co., Birel ART S.r.l., CRG S.p.A., The IAME, Tony Kart S.r.l., Mach1 Kart, OTL Italia s.r.l., BMS Motorsports Inc., DuroMax Power Equipment, Kosmic Kart, Wildkart Factory, Energy Corse S.r.l., Top Kart USA Inc., Comet Kart Sales, CKR Go Kart, Margay Racing LLC, Dr Racing Kart S.r.l., Vemme Kart, Parolin Racing Kart S.r.l., Righetti Ridolfi S.r.l., AMV Kart Components, Vega Karts S.r.l., TAOTAO Go Karts.

North America was the largest region in the go-kart market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the go kart market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the go kart market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The main types of go-karts are electric, gasoline, and others. An electric go-kart is powered by an electric motor instead of a traditional internal combustion engine. It is available in both single and double seating capacities and is suitable for various age groups, including kids, teens, and adults. Electric go-karts find applications in activities such as rental services and racing.

The go-karts market research report is one of a series of new reports that provides go-karts market statistics, including go-karts industry global market size, regional shares, competitors with a go-karts market share, detailed go-karts market segments, market trends, and opportunities, and any further data you may need to thrive in the go-karts industry. This go-karts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The go-kart market consists of sales of go-kart chassis, go-kart engines, go-kart tires, karting accessories, track equipment, karting apparel, and karting consumables. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.