Electric Golf Cart Global Market Report 2025

The electric golf cart market size has grown rapidly in recent years. It will grow from $1.85 billion in 2024 to $2.06 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to rising participation in golf tournaments, increasing adoption of electric vehicles in leisure sectors, growing utilization of golf carts in resorts and hotels, surge in demand for eco-friendly mobility solutions, expansion of gated communities and retirement villages, and rising disposable income supporting recreational spending.

The electric golf cart market size is expected to see rapid growth in the next few years. It will grow to $3.07 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increasing tourism activities at golf destinations, rising focus on sustainable transportation solutions, growing investments in leisure and hospitality facilities, a surge in government initiatives promoting green mobility, expansion of commercial and industrial complexes using utility carts, and rising consumer preference for low-noise transportation in private properties. Key trends in the forecast period include technological advancements in battery efficiency and charging systems, advancements in lightweight material design for enhanced performance, innovations in autonomous navigation and fleet management systems, developments in solar-powered charging integration, research and development in connected cart monitoring platforms, and innovations in ergonomic seating and comfort-enhancing features.

The growing interest in electric mobility solutions is expected to propel the growth of the electric golf cart market going forward. Electric mobility solutions refer to transportation options powered primarily by electricity, such as electric cars, scooters, and carts, that aim to reduce reliance on fossil fuels and lower overall transportation costs. The rise in electric mobility solutions is driven by declining battery costs, which have made electric vehicles more affordable for both consumers and manufacturers, accelerating adoption across personal and commercial transportation segments. Electric golf carts support affordable electric mobility solutions by providing a low-cost, energy-efficient, and sustainable option for short-distance transportation across various settings. For instance, in October 2024, according to the European Environment Agency (EEA), a Denmark-based European Union agency, around 2.4 million new electric cars were registered across the European Union in 2023, up from approximately 2 million in 2022. Therefore, the growing interest in affordable electric mobility solutions is driving the growth of the electric golf cart market.

Major companies operating in the electric golf cart market are focusing on developing advanced products, such as dynamic wireless charging systems, to boost convenience, enhance user experience, and reduce the need for manual plug-in charging. Dynamic wireless charging refers to systems that allow electric vehicles to charge while parked over a charging pad without the need for physical cables, streamlining the charging process. For instance, in January 2024, WiTricity Corporation, a US-based wireless charging technology company, partnered with ICON EV, a US-based manufacturer of low-speed vehicles and golf carts, and launched the first-ever wirelessly charged electric golf carts. It utilizes WiTricity's patented magnetic resonance technology, which enables efficient dynamic wireless power transfer and is designed to withstand harsh outdoor environments. This system allows for automatic charging whenever the golf cart is parked over a ground-based charging pad, eliminating the need for operators to manually plug in the vehicles.

In February 2025, Venom EV LLC, a US-based manufacturer of premium electric golf and leisure vehicles, partnered with Volcon Inc. (Volcon ePowersports) to supply 500 electric golf carts as part of its expansion into the premium golf cart segment. This partnership aims to enhance Volcon’s presence in the premium leisure mobility market, expand Venom EV’s product offerings, and accelerate the adoption of high-performance electric golf carts across North America. Volcon Inc. (Volcon ePowersports) is a US-based electric vehicle company specializing in off-road and recreational electric mobility solutions.

Major players in the electric golf cart market are Yamaha Motor Co. Ltd., Textron Inc., Kandi Technologies Group Inc., Platinum Equity LLC, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., STAR EV Corporation, Bintelli Electric Vehicles Inc., Guangdong Lvtong New Energy Electric Vehicle Technology Co. Ltd., Speedways Electric Vehicles Global Private Limited, Evolution Electric Vehicles LLC, Dongguan Excar Electric Vehicle Co. Ltd, Skyy Rider Electric Pvt. Ltd., Royal EV Motors Private Limited, Gdrive Motors Pvt. Ltd., Hawk Carts Inc., Caddyshack Golf Cars Inc., ICON EV LLC, Xunhu Electric Vehicle Co. Ltd., Berylline Corporation, and HDK Electric Vehicle Co. Ltd.

North America was the largest region in the electric golf cart market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in electric golf cart report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electric golf cart market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the transport services sector by driving up costs for vehicles, spare parts, and fuel, key inputs often sourced from tariff-affected regions. Freight operators, logistics providers, and public transportation systems are facing squeezed profit margins as higher equipment and maintenance costs coincide with limited ability to pass on these expenses to customers due to competitive pressures. The uncertainty has also delayed fleet modernization and the adoption of greener, more efficient vehicles, slowing progress toward sustainability goals. To adapt, transport firms are optimizing route planning, investing in fuel efficiency technologies, renegotiating supplier contracts, and exploring collaborative logistics models to share costs and mitigate the impact of higher tariffs.

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

An electric golf cart is a small, battery-powered vehicle designed primarily to transport golfers and their equipment around a golf course. It operates using electric motors and rechargeable batteries, offering quiet, efficient, and eco-friendly mobility. Its primary purpose is to provide convenient, low-speed transportation for short distances within golf courses, resorts, gated communities, and campuses.

The main product types of electric golf cart are push-pull golf carts and ride-on golf carts. Push-pull golf carts are manually operated carts designed to carry golf bags and equipment, offering convenience, lightweight construction, and ease of mobility for golfers. They are powered by various battery types, including lead-acid batteries, lithium-ion batteries, gel batteries, and nickel-metal hydride batteries, and are categorized by drive types as 2-seaters, 4-seaters, and 6-seaters and above. They find applications in golf courses, personal use, commercial services, and others, serving end-users including golf clubs, resorts, airports, industrial facilities, and others.

The electric golf cart market consists of sales of battery-powered golf carts, solar-powered golf carts, street-legal golf carts, off-road golf carts, fleet golf carts, turf maintenance carts, recreational carts, and customized low-speed electric vehicles. 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 3-5 business days.