Used 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 1.1 billion by 2034, due to their superior performance in terms of power, range, and versatility. Unlike electric used golf carts, which are limited by battery capacity and charging infrastructure, gasoline models offer extended operational ranges and faster refueling times, making them suitable for demanding applications. They are particularly favored in industrial, agricultural, and rugged outdoor settings where heavy loads, uneven terrain, or prolonged use is required.

Additionally, their ability to perform reliably in regions with underdeveloped electrical infrastructure makes them a practical choice in emerging markets. While environmental concerns and the shift toward sustainability are encouraging the adoption of electric alternatives, the durability, ease of maintenance, and high torque of gasoline-powered carts ensure their continued preference in specific sectors, particularly where operational efficiency and high power are prioritized over environmental considerations.

Based on the application, the used golf cart market is divided into golf course, commercial service and personal use. The golf course segment held around 51% of the market share in 2024, due to their consistent and large-scale demand for cost-effective fleet solutions. Golf carts are integral to course operations, facilitating player mobility across vast grounds while enhancing the overall golfing experience. Since golf courses typically maintain a substantial number of carts, they regularly refresh their fleets to ensure reliability and reduce maintenance costs. Used carts are often sold during this upgrade cycle, feeding the resale market.

Additionally, many smaller or budget-conscious golf courses prefer purchasing pre-owned carts to avoid the high capital expenditure of new models, leveraging their durability and relatively low operational costs. The cyclic nature of fleet replacement, combined with the high volume of usage within golf courses, makes this segment a dominant driver in the used golf cart market.

The U.S. used golf cart market accounted for 95% of the revenue share in 2024 and is expected to exceed USD 995 million by 2034, due to its extensive network of golf courses, with over 16,000 courses catering to a large golfing population. Beyond golf, golf carts are widely adopted in gated communities, retirement villages, and industrial facilities, where they serve as convenient and cost-effective transport solutions.

The country also has a mature secondary market supported by authorized dealerships, online platforms, and refurbishing businesses. Regulations promoting sustainable transport encourage the resale of electric carts, further boosting the market. Seasonal demand in warmer states like Florida and California adds to the vibrancy of the used golf cart sector in the U.S.

Countries with strong golfing traditions, such as the UK, Spain, and France, create a steady demand for pre-owned carts. Furthermore, resorts and eco-tourism zones across Europe use golf carts for guest transport, favouring refurbished or second-hand options to align with green initiatives. The European Union’s strict environmental regulations also encourage the reuse of electric carts, fostering a robust refurbishing ecosystem that supports the resale market??.

Countries like Japan, South Korea, and Australia have a growing number of golf courses, while markets like China and India are leveraging golf carts for short-distance urban transport and commercial applications. The affordability of used carts makes them particularly attractive in price-sensitive markets. Additionally, the rising popularity of electric models in this region aligns with government policies promoting eco-friendly solutions, boosting demand for refurbished and pre-owned golf carts.