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Golf Cart Market Trends

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

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.

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.

Golf Cart Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 15
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 240
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