A golf cart is a small, motorized vehicle designed primarily for transporting golfers and their equipment across a golf course. The golf cart market has witnessed steady growth, driven by an increase in demand across golf courses, resorts, residential communities, industrial facilities, and commercial establishments. While traditionally used for golf course mobility, the market has expanded significantly into sectors such as hospitality, urban transport, and industrial applications.
Rise in population, coupled with increase in purchasing power, stringent government rules & regulations toward vehicle emission, and increase in number of golf courses & country clubs boosts the growth of the market across the globe. However, high initial maintenance & purchasing cost, low power & speed, and short overall drive range hamper the market growth to a certain extent. Rise in carbon emissions from fuel combustion has become a major concern for governments and environmentalists, driving demand for electric and solar powered golf carts. This shift is expected to further boost market growth globally. Moreover, increase in fuel prices at international level, rise in pollution, and traffic congestion, especially in urban areas, have increased acceptance of golf carts to be used as recreational vehicles across the globe. In addition, the higher running and maintenance cost of gasoline golf carts has led to a shift in preference for electric golf carts for shorter transits, which, in turn, is expected to boost market growth during the forecast period.
Private golf clubs and resorts increasingly transition to electric golf carts to align with sustainability goals and mitigate the rise in operational costs associated with fuel-powered vehicles. For instance, in November 2024, London Golf Club in Kent acquired 50 Club Car Tempo golf buggies from Bradshaw Electric Vehicles to enhance guest and member experiences. This purchase marked the 25-year partnership between the two companies. Bradshaw Electric Vehicles, a key supplier of Club Car vehicles across the UK, has built a strong reputation among prestigious golf courses. Earlier this year, the company surpassed 5,000 Club Car vehicle sales, earning the 5000 Club accolade, making it only the third dealership in Europe to achieve this milestone. This trend highlights the surge in preference for electric mobility solutions in the golf industry.
Popularity of outdoor recreational activities and adventure tourism boosts demand for golf carts in the recreation and leisure segment. For instance, in July 2024, EA Carts, founded by entrepreneur Theodore “TJ” Johnson, entered the recreational golf cart market with a focus on providing affordable, stylish, and fun golf carts. The company has rapidly gained traction, securing two key partnerships that highlight its fast growth and innovative approach in the industry. This trend reflects the expanding use of golf carts beyond traditional golf courses, catering to leisure, tourism, and outdoor adventure markets.
The golf cart market is segmented into product type, application, sales channel, and region. On the basis of product type, the market is divided into electric golf carts, gasoline golf carts, and solar golf carts. As per application, the market is categorized into golf course, residential communities, resorts & hospitality, commercial & industrial, personal, recreation & leisure, and others. On the basis of sales channel, the market is bifurcated into online and offline. Region-wise, the market is analyzed across North America, Europe, AsiaPacific, and LAMEA.
Key players covered in the report include ELLWEE, Textron Inc., Marshell Green Power, Maini Corporate Pvt Ltd., HDK Electric Vehicles, Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd., Evolution Electric Vehicles, ICON Electric Vehicles, Waev Inc., VIVID EV, Dealer Spike (Advanced EV), Nordic Group of Companies, Ltd., Club Car, Yamaha Motor Co., Ltd., Denago EV, Kandi America, and Star EV Corporation, USA. These companies are actively enhancing their market positioning through strategies such as product launches, contract acquisitions, geographic expansions, partnership agreements, and other initiatives. These efforts aim to drive innovation, improve competitiveness, and cater to the growing demand for advanced golf cart.
Rise in population, coupled with increase in purchasing power, stringent government rules & regulations toward vehicle emission, and increase in number of golf courses & country clubs boosts the growth of the market across the globe. However, high initial maintenance & purchasing cost, low power & speed, and short overall drive range hamper the market growth to a certain extent. Rise in carbon emissions from fuel combustion has become a major concern for governments and environmentalists, driving demand for electric and solar powered golf carts. This shift is expected to further boost market growth globally. Moreover, increase in fuel prices at international level, rise in pollution, and traffic congestion, especially in urban areas, have increased acceptance of golf carts to be used as recreational vehicles across the globe. In addition, the higher running and maintenance cost of gasoline golf carts has led to a shift in preference for electric golf carts for shorter transits, which, in turn, is expected to boost market growth during the forecast period.
Private golf clubs and resorts increasingly transition to electric golf carts to align with sustainability goals and mitigate the rise in operational costs associated with fuel-powered vehicles. For instance, in November 2024, London Golf Club in Kent acquired 50 Club Car Tempo golf buggies from Bradshaw Electric Vehicles to enhance guest and member experiences. This purchase marked the 25-year partnership between the two companies. Bradshaw Electric Vehicles, a key supplier of Club Car vehicles across the UK, has built a strong reputation among prestigious golf courses. Earlier this year, the company surpassed 5,000 Club Car vehicle sales, earning the 5000 Club accolade, making it only the third dealership in Europe to achieve this milestone. This trend highlights the surge in preference for electric mobility solutions in the golf industry.
Popularity of outdoor recreational activities and adventure tourism boosts demand for golf carts in the recreation and leisure segment. For instance, in July 2024, EA Carts, founded by entrepreneur Theodore “TJ” Johnson, entered the recreational golf cart market with a focus on providing affordable, stylish, and fun golf carts. The company has rapidly gained traction, securing two key partnerships that highlight its fast growth and innovative approach in the industry. This trend reflects the expanding use of golf carts beyond traditional golf courses, catering to leisure, tourism, and outdoor adventure markets.
The golf cart market is segmented into product type, application, sales channel, and region. On the basis of product type, the market is divided into electric golf carts, gasoline golf carts, and solar golf carts. As per application, the market is categorized into golf course, residential communities, resorts & hospitality, commercial & industrial, personal, recreation & leisure, and others. On the basis of sales channel, the market is bifurcated into online and offline. Region-wise, the market is analyzed across North America, Europe, AsiaPacific, and LAMEA.
Key players covered in the report include ELLWEE, Textron Inc., Marshell Green Power, Maini Corporate Pvt Ltd., HDK Electric Vehicles, Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd., Evolution Electric Vehicles, ICON Electric Vehicles, Waev Inc., VIVID EV, Dealer Spike (Advanced EV), Nordic Group of Companies, Ltd., Club Car, Yamaha Motor Co., Ltd., Denago EV, Kandi America, and Star EV Corporation, USA. These companies are actively enhancing their market positioning through strategies such as product launches, contract acquisitions, geographic expansions, partnership agreements, and other initiatives. These efforts aim to drive innovation, improve competitiveness, and cater to the growing demand for advanced golf cart.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the golf cart market analysis from 2023 to 2033 to identify the prevailing golf cart market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the golf cart market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global golf cart market trends, key players, market segments, application areas, and market growth strategies.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GOLF CART MARKET, BY PRODUCT TYPE
CHAPTER 5: GOLF CART MARKET, BY APPLICATION
CHAPTER 6: GOLF CART MARKET, BY SALES CHANNEL
CHAPTER 7: GOLF CART MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- ELLWEE
- TEXTRON, INC.
- MARSHELL GREEN POWER
- MAINI CORPORATE PVT LTD.
- HDK ELECTRIC VEHICLES
- ICON ELECTRIC VEHICLES
- WAEV INC.
- VIVID EV
- DEALER SPIKE (ADVANCED EV)
- CLUB CAR
- YAMAHA MOTOR CO., LTD.
- DENAGO EV
- KANDI AMERICA
- STAR EV CORPORATION, USA
- SUZHOU EAGLE ELECTRIC VEHICLE MANUFACTURING CO., LTD
- EVOLUTION ELECTRIC VEHICLES
- NORDIC GROUP OF COMPANIES, LTD.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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