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Golf Cart Accessories Market Size

Report ID: GMI6032
Published Date: Jun 2023
Report Format: PDF

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Golf Cart Accessories Market Size

Golf Cart Accessories Market size surpassed USD 350 million in 2022 and is anticipated to grow at 6% CAGR from 2023 to 2032. Rising disposable incomes, an increasing number of golf courses particularly in high-income countries, and global golf tourism are driving the industry growth.

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Furthermore, the increasing presence of women on golf courses will present significant growth opportunities in the coming years. Major industry players are also focused on developing innovative golf equipment, which is expected to support market development. Golf has recently become a leisure activity, making it a lifestyle sport. Factors including the development & expansion of new golf courses as well as increased government initiatives to promote golf tourism have increased the popularity of this sport, thereby increasing demand for its associated equipment.

Golf Cart Accessories Market Report Attributes
Report Attribute	Details
Base Year:	2022
Golf Cart Accessories Market Size in 2022:	USD 350 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6%
2032 Value Projection:	USD 600 Million
Historical Data for:	2018 – 2022
No. of Pages:	350
Tables, Charts & Figures:	229
Segments covered:	Accessory, Application
Growth Drivers:	Increasing participation in recreational activities in North America & Europe Rapidly developing hotel & resorts industry in Asia Pacific & Latin America Expansion of Golf cart accessories brands into emerging markets Rising disposable income and increasing customization trends in golf carts
Pitfalls & Challenges:	High cost associated with Golf cart accessories.

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High costs associated with these products can act as a restraint, limiting the affordability & accessibility of golf cart accessories for a broad consumer base. Moreover, evolving consumer preferences and trends can impact the demand for specific products. Shifts in fashion trends, technological advancements in equipment, and changing consumer preferences for more sustainable or eco-friendly products can also influence the golf cart accessories market dynamics, posing challenges for manufacturers and retailers.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of golf cart accessories crossed USD 350 million in 2022 and will record over 6% CAGR between 2023 and 2032 owing to the rising number of golf courses particularly in high-income countries, and golf tourism worldwide.

The lift kits segment held a industry share of 25% in 2022 and will be valued at over USD 150 million by 2032 as they help golf carts to traverse challenging terrains including rugged paths, hilly areas, and uneven surfaces.

North America golf cart accessories industry accounted for 75% share in 2022 and is estimated amass USD 450 million by 2032 due to the existence of well-developed golf infrastructure, which includes a diverse range of golf courses, driving ranges and golf clubs.

Buggies Gone Wild, Buggies Unlimited, Carts Zone, Club Car, Everything Carts, EZGO, Golf Cart Gurus, and Golf Cart King.