According to the report by Expert Market Research (EMR), the United States golf cart market is projected to grow at a CAGR of 4.7% between 2024 and 2032. Aided by increasing popularity of golfing and growing demand for sustainable transportation modes such as golfing carts, the market is expected to grow significantly by 2032.
Golf carts are small vehicles designed primarily to carry two golfers and their golf clubs around a golf course or on other short trips. However, the usage of golf carts has transcended beyond golf courses, with these vehicles now commonly seen in large campuses, resorts, parks, and gated communities for personal transportation. Golf carts’ adaptability and versatility, combined with environmental benefits due to their electric variants, contribute to their popularity and demand.
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The rising interest in golf as a recreational and competitive sport is propelling the United States golf cart market growth. As golf becomes increasingly accessible to a broader demographic, including younger players and women, the demand for golf carts has escalated. The expansion of golf infrastructure, including the development of new golf courses and the upgrade of existing ones, has further fuelled golf cart demand.
In addition to their traditional use, golf carts are becoming a preferred mode of transport in large spaces, like university campuses, airports, and residential communities, where low-speed transportation is required. The convenience, easy manoeuvrability, and low maintenance cost associated with golf carts make them an ideal choice for such applications, thereby expanding the United States golf cart market demand.
The increasing consciousness regarding environmental conservation has encouraged the adoption of electric golf carts. These electric variants produce zero emissions, have lower operational costs, and significantly reduce noise pollution. As sustainability becomes a key concern for consumers and businesses alike, the demand for electric golf carts is expected to witness an upsurge, propelling the United States golf cart market development.
Furthermore, technological advancements are broadening the scope of golf carts. Modern golf carts come equipped with GPS systems, radio consoles, and USB ports, enhancing user convenience and experience. Some even feature sophisticated tracking and management software that allows for efficient fleet management. These advancements, combined with the development of more durable and lightweight materials, are expected to drive the market.
The golf cart market is also witnessing the growth of a robust rental market. Many golf courses, resorts, and event management companies prefer renting golf carts instead of purchasing, considering the high upfront costs and depreciation. This trend is expected to contribute to the United States golf cart market expansion over the forecast period.
Market Segmentation
The market can be divided based on product type and application.
Market Breakup by Product Type
- Electric Golf Cart
- Gasoline Golf Cart
- Solar Golf Cart
Market Breakup by Application
- Golf Course
- Personal Services
- Commercial Services
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the United States golf cart companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Club Car, LLC
- Textron Inc.
- Yamaha Motor Co., Ltd.
- Star EV Corporation
- ACG, Inc.
- Waev Inc.
- Garia Inc.
- Textron Specialized Vehicles Inc.
- Cruise Car® Inc.
- Columbia Vehicle Group Inc.
- Others
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