Golf Cart Accessories Market Analysis

Golf Cart Accessories Market Analysis

The lift kits segment held a market share of 25% in 2022 and is expected to cross a valuation of USD 150 million in 2032. Lift kits enable golf carts to traverse challenging terrains including rugged paths, hilly areas, and uneven surfaces. This expanded off-road capability has attracted golfers who enjoy playing on courses or areas that demand more robust transportation solutions. Lift kits allow golfers to access remote or less-developed golfing locations, adding versatility and adventure to their golfing experience.
 

The commercial services sector exceeded USD 120 million in 2022 and will depict 5% growth rate between 2023 and 2032. This segment expands beyond individual golfers, attracting businesses, organizations & industries that utilize golf cart accessories for various purposes. This segment provides additional revenue streams for manufacturers, suppliers, and retailers in the golf cart accessories market, leading innovation, customization & diversification in product offerings. As commercial applications continue to evolve and expand, the demand for golf carts will increase which will help the business expansion.
 

North America golf cart accessories industry dominated 75% of the share in 2022 and is estimated to amass USD 450 million in 2032. The region has a well-developed golf infrastructure, which includes a diverse range of golf courses, driving ranges, and golf clubs. These facilities allow golfers to participate in this sport, in turn, fueling the need for golf cart accessories such as clubs, balls, bags, apparel, and training aids. The diverse needs and preferences of this active golfing population propel the product demand.