Golf Cart Market Size - By Fuel, By Application, By Seating Capacity, Analysis, Share, Growth Forecast, 2025 - 2034

Golf Cart Market Size

The global golf cart market size was valued at USD 2.6 billion in 2024 and is projected to grow at a CAGR of 8% between 2025 and 2034. The increasing popularity of golf as a sport and leisure activity, particularly in developed countries, has been a significant driver for the market. The rise of professional golf tournaments, coupled with a growing interest in recreational golfing, has boosted demand for golf carts on courses.
 

Additionally, golf carts are not only used by players but also by course maintenance staff, contributing to a broader market base. The development of luxury golf resorts and the rise of golf tourism in regions like North America, Europe, and Asia-Pacific further fuel this demand.
 

Golf carts are no longer restricted to golf courses; their use has expanded to various sectors, including residential communities, airports, hotels, resorts, and industrial facilities. In gated communities and retirement homes, they are valued for short-distance transportation, offering convenience and ease of mobility. Airports and resorts utilize golf carts for passenger transport, enhancing customer experiences. Industrial facilities employ utility golf carts for material handling and internal logistics. This diversification of applications significantly broadens the market potential.
 

The global emphasis on sustainability and environmental conservation has led to a surge in demand for electric and solar-powered golf carts. These carts offer eco-friendly alternatives to gasoline-powered vehicles, reducing emissions and operational costs. Governments in many countries are promoting the adoption of electric vehicles through incentives and policies, which further supports the shift toward green energy solutions. Technological advancements in battery life and charging infrastructure also make electric golf carts more practical and attractive.
 

Golf Cart Market Trends

The shift toward electric and solar-powered golf carts is one of the most significant trends in the market. As environmental concerns grow and regulations on emissions tighten, there is increasing demand for eco-friendly alternatives to traditional gasoline-powered models. Electric golf carts, with their lower operational costs and reduced carbon footprint, are becoming the preferred choice across various sectors. Solar-powered models are also gaining traction, particularly in sunny regions, as they offer renewable energy solutions and reduce dependence on conventional power sources.
 

Golf carts are evolving into smart vehicles with the integration of advanced technologies such as GPS navigation, IoT-enabled monitoring, and remote-control functionalities. These innovations enhance convenience, improve operational efficiency, and cater to the growing demand for connected devices. For instance, smart golf carts equipped with real-time tracking systems and fleet management tools are increasingly used in golf courses, resorts, and industrial facilities. This trend aligns with the broader adoption of automation and connectivity across industries.
 

Golf carts are no longer confined to golf courses; their applications are diversifying rapidly. They are now commonly used in gated communities, airports, resorts, theme parks, factories, and farms. This trend reflects the growing recognition of golf carts as versatile and cost-effective transportation solutions for short distances. For example, in urban areas, they are being adopted for last-mile connectivity and eco-friendly public transport in pedestrian-friendly zones.
 

Golf Cart Market Analysis

Based on fuel, the market is segmented into gasoline, electric and solar powered. In 2024, the electric segment accounted for over 63% of the market share and is expected to exceed USD 3.6 billion by 2034, due to their eco-friendly nature, cost efficiency, and alignment with global sustainability trends. Powered by rechargeable batteries, electric golf carts produce zero emissions, making them a preferred choice for environmentally conscious users, particularly in golf courses, residential communities, and tourist destinations where minimizing pollution is a priority. Their lower operational and maintenance costs compared to gasoline-powered models also contribute to their growing popularity.
 

Advances in battery technology, such as the adoption of lithium-ion batteries, have further enhanced their range, reliability, and charging efficiency, making them suitable for various applications. Additionally, government incentives promoting electric vehicles and the increasing availability of charging infrastructure are driving the transition toward electric models, solidifying their dominance in the golf cart market.
 

Based on the application, the golf cart market is divided into golf course, commercial service and PTV/SLV. The golf course segment held around 53% of the market share in 2024, as these vehicles are integral to the sport’s operational and player experience. Golf carts are essential for transporting players and their equipment across vast courses, ensuring convenience and enhancing the overall experience, especially for older players or those with mobility challenges. Additionally, they are used by maintenance staff for course upkeep, transporting equipment, and performing landscaping tasks efficiently.
 

The global popularity of golf, supported by an increasing number of tournaments, luxury golf resorts, and recreational golfers, solidifies golf courses as the dominant end-users. Moreover, golf carts are considered standard amenities in modern golf courses, with many adopting advanced electric or solar-powered models to align with sustainability goals. This consistent demand for both functional and eco-friendly golf carts make golf courses the largest and most stable market segment.
 

The U.S. golf cart market accounted for 95% of the revenue share in 2024 and is expected to exceed USD 3.2 billion by 2034, due to its strong golfing culture and extensive infrastructure. With thousands of golf courses spread across the country, ranging from public courses to high-end private clubs, the U.S. represents one of the largest markets for golf carts. Additionally, the adoption of golf carts extends beyond the sport, with significant usage in gated communities, retirement homes, and commercial applications such as resorts and airports.
 

The country’s emphasis on sustainability has also driven the adoption of electric golf carts, further expanding the market. Favorable government policies, a robust manufacturing ecosystem, and the availability of advanced technologies make the U.S. a leader in this industry.
 

Countries like the United Kingdom, Germany, and Spain have a thriving golf culture, contributing to strong demand for golf carts. Additionally, the use of golf carts in resorts, heritage sites, and pedestrian-friendly urban zones has grown due to the region's focus on enhancing visitor experiences and reducing carbon emissions. Europe’s stringent environmental regulations also encourage the adoption of electric and solar-powered carts, positioning the region as a key market for sustainable models??.
 

Countries like China, Japan, South Korea, and India are experiencing an increasing adoption of golf carts, not just for golf courses but also for industrial, agricultural, and commercial applications. The rise of luxury resorts and integrated townships in the region has further boosted the demand for golf carts. Additionally, government initiatives supporting electric vehicle adoption and infrastructure development are fostering growth in this market. The region’s potential for both traditional and non-traditional applications makes Asia-Pacific a key driver of the global golf cart industry.
 

Golf Cart Market Share

Club Car and EZ-GO collectively held a substantial market share of over 37% in the golf cart industry in 2024, due to their strong brand reputation, extensive product portfolios, and commitment to innovation. Both companies have a long-standing presence in the industry, earning customer trust with their reliable and high-quality products. Their ability to offer a wide range of models spanning electric, gasoline, and custom carts caters to diverse end-user needs, including golf courses, residential communities, and industrial facilities.
 

They have also invested heavily in integrating advanced technologies such as GPS systems, IoT connectivity, and lithium-ion batteries, keeping their offerings aligned with modern consumer preferences.
 

Furthermore, their well-established distribution networks and strong after-sales services ensure customer loyalty and widespread availability. Strategic partnerships with golf resorts, commercial clients, and sustainability-focused projects further solidify their position as market leaders.
 

Golf Cart Market Companies

Major players operating in the golf cart industry are:

• Club Car
• EZ-GO
• Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD.
• GUANGZHOU LANGQING ELECTRIC CAR CO., LTD.
• Marshell Green Power Co. Ltd
• Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
• Yamaha
   

Golf Cart Industry News

• In August 2024, Club Car delivered a new fleet of golf and utility vehicles to St Andrews Links, one of the world's most renowned golf destinations. This delivery underscores Club Car's role in providing high-quality vehicles to prestigious golf courses globally.
   
• In July 2024, Club Car extended its partnership with U.S. Kids Golf, reinforcing its commitment to junior golf development. This collaboration supports various initiatives aimed at nurturing young talent in the sport.
   
• In January 2024, WiTricity and ICON EV unveiled the 2024 ICON Low-Speed Vehicles (LSVs) featuring an industry-first wireless charging option. This innovation aims to enhance convenience and efficiency in electric golf cart usage, with availability slated for Summer 2024.
   

The golf cart market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) & shipment (Units) from 2021 to 2034, for the following segments:

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Market, By Fuel

• Gasoline
• Electric
• Solar-powered

Market, By Application

• Golf courses
• Commercial services
• PTV/SLV

Market, By Seating Capacity

• 2-Seater
• 4-Seater
• 6-Seater
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa