Golf Cart Market Report 2026

The golf cart market size has grown steadily in recent years. It will grow from $1.79 billion in 2025 to $1.87 billion in 2026 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to growth of golf tourism, rising golf course development, demand for convenient mobility, increasing leisure activities, availability of affordable models.

The golf cart market size is expected to see strong growth in the next few years. It will grow to $2.36 billion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to expansion of resort and hospitality sector, growth of eco friendly transport solutions, demand for personal mobility vehicles, rising use in gated communities, advancements in battery technology. Major trends in the forecast period include rising adoption of electric golf carts, increasing customization and comfort features, growing use of golf carts beyond golf courses, expansion of solar assisted golf carts, integration of smart monitoring systems.

The increasing use of golf carts in tourism is expected to drive the growth of the golf cart market in the coming years. Tourism involves travel that includes commercial activities, and golf carts are commonly used by tourists for transportation to hotels, theme parks, zoos, museums, and other attractions due to their comfort, affordability, and eco-friendliness. As tourism grows, the demand for golf carts rises accordingly. For instance, in February 2024, the United Nations World Tourism Organization (UNWTO), a Spain-based UN specialized agency, reported that global international tourist arrivals reached an estimated 1.28 trillion in 2023, a 34% increase over 2022. Therefore, the rising utilization of golf carts in tourism is boosting the golf cart market.

Key companies in the golf cart market are focusing on innovations in electric mobility, such as high-capacity lithium-ion batteries, to extend driving range and support environmentally friendly transportation. High-capacity lithium-ion batteries are advanced rechargeable power units that store more energy and provide longer performance compared to traditional lead-acid batteries. For example, in May 2023, Mansory Design & Holding GmbH, a Germany-based luxury and specialty vehicle manufacturer, launched an electric golf cart approved for public road use in both the United States and Europe. The cart is powered by a 10.24-kilowatt-hour lithium-ion battery, offering a range of over 50 miles (80 km) on a single charge, with an electric motor producing 10.7 horsepower (8 kilowatts).

In December 2024, Cart Mart Inc., a US-based golf cart manufacturer, acquired Rainbow Custom Cars for an undisclosed amount. This acquisition aims to expand Cart Mart’s operational presence in Southern California, enhance production capacity, and strengthen service and sales capabilities across Los Angeles, Orange, Riverside, and San Bernardino counties. Rainbow Custom Cars, based in the US, is a dealership that provides sales, service, rentals, and parts for golf carts and utility vehicles and specializes in custom-built golf carts for industrial, recreational, and low-speed vehicle applications.

Major companies operating in the golf cart market report include Textron Inc., Yamaha Motor Co., Ltd., Club Car, LLC, Marshell Green Power Co., Ltd., Guangdong Lvtong Electric Vehicle Co., Ltd., Suzhou Eagle Electric Vehicle Co., Ltd., HDK EV Co., Ltd., Dongguan Excar Electric Vehicle Co., Ltd., STAR EV Pvt. Ltd., Kandi Technologies Group, Inc., Borcart Golf Cars, Garia A/S, Stewart Golf Cars, Melex Electric Vehicles, Icon Golf Cart, CCE Golf Cars, Mission Golf Cars, King of Carts, Golf Car Worx, Evo Motors.

North America was the largest region in the golf cart market in 2025. The regions covered in the golf cart market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the golf cart market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The golf cart market consists of sales of utility golf carts, hybrid golf carts and neighborhood golf carts. 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.

This product will be delivered within 1-3 business days.