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Golf Cart Market Share

Report ID: GMI3285
Published Date: Dec 2024
Report Format: PDF

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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

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of golf cart reached USD 2.6 billion in 2024 and is set to grow at an 8% CAGR from 2025 to 2034, driven by the increasing popularity of golf and leisure activities.

The golf course segment held approximately 53% of the market share in 2024, as these vehicles are essential for player convenience and operational efficiency on expansive courses.

The U.S. market accounted for 95% of the revenue share in 2024 and is projected to exceed USD 3.2 billion by 2034, supported by a strong golfing culture and extensive infrastructure.

The key players in the industry include 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, and Yamaha.