Industry: Automotive
Published Date: December-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 170
Report ID: PMRREP33133
The market is valued at US$ 812.1 Mn in 2024 and is projected to expand steadily at a CAGR of 4.3% to reach a market valuation of US$ 1.23 Bn by the end of 2032.
Golf cart sales in the United States currently account for 31.2% share of the global golf cart market.
| Attribute | Key Insights |
|---|---|
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U.S. Golf Cart Market Size (2024E) |
US$ 812.1 Mn |
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Projected Market Value (2032F) |
US$ 1.23 Bn |
|
Value CAGR (2024-2032) |
4.3 % |
|
Southern U.S. Market Share (2032) |
30.6% |
An increase in the number of golf courses and country clubs, stringent government rules & regulations regarding vehicle emissions, rising number of sports enthusiasts, and increase in purchasing power are some of the factors driving the demand growth for golf carts in the U.S.
At present, the Southern United States dominates the market in the United States and is expected to hold 30.6% market share by the end of 2032.
Demand for golf carts in the U.S. was valued at US$ 784 Mn at the end of 2021 As per Persistence Market Research analysis, the U.S. golf cart market is anticipated to expand at a volume CAGR of 3.8% between 2024 and 2032.
Golf carts are not only used at golf courses. Due to the rise in urbanization and industrialization, demand for golf carts is surging in other areas such as sports, hotels, weddings, amusement parks, tourism spots, airports, railways, security & patrolling, and cargo transport (light equipment).
Earlier, light-duty electric vehicles were only used for specific purposes such as at golf courses, amusement parks, etc. But owing to the rising awareness about the advantages of golf carts, these vehicles are now being used for many other purposes.
Today, there is a large market base that favors customized golf carts. Broader business demographics have led to the development of custom golf cart bodies having all-weather enclosures, fiberglass build, air-conditioning, stereo systems, and lift kits, to name a few.
Golf carts are designed to exceed not more than 20 miles per hour; hence, they are preferably used for short-distance trips on internal roadways, privately-owned spaces, or off-road purposes, considering the safety and convenience of pedestrians and cart occupants.
Travel and tourism companies are also getting on board when it comes to golf cart usage. Golf cart transportation also proves to be an effective way to protect important places such as heritage sites, zoos, etc., which are vulnerable to pollution.
In the increasingly competitive scenario, golf carts are becoming a necessity for packaging manufacturers to match the quality standards and guarantee consumer satisfaction.
Persistence Market Research predicts the U.S. market for golf carts to expand at 4.3% value CAGR through 2032.
“High Usage of Golf Carts as Utility Vehicles”
Golf carts are used for different purposes such as utility vehicles and mobility cars in small communities, large apartment complexes, and university campuses. Maintenance personnel can load their equipment onto these carts and schedule their services to desired places.
Golf carts can also be used to transport light cargo and facilitate on-time logistics. Since they can traverse easily from grass to land, they are used on all types of terrains to effectively move goods.
Golf carts are equipped with utility beds to deliver props and equipment to sports teams at stadiums. They are also used at railway stations and airports for carriage movement. They are soon expected to be used to perform activities such as the delivery of groceries, medicines, and essentials to cut down costs that come with the use of conventional utility vehicles.
“Emergence of Customized Golf Carts & Rental Services”
Customized golf carts and rental services have been growing in prominence over the last few years owing to an increase in the number of golf courses in the country and also due to the increasing use of golf cart vehicles at hotels, hospitality industry, tourism industry, and amusement parks.
The government's initiative to promote tourism and the growing preference for low-speed vehicles in various industries are expected to help the market grow steadily over the forecast period.
“Emergence of Technologically-Savvy Golf Carts”
Golf cart manufacturers are working toward the modernization and customization of their product offerings, such as computer-aided manufacturing and design processes. Some solar-powered golf carts have already been incorporated with cutting-edge accessories such as launch monitors, golf robots, and remote-controlled features.
Public golf courses and country clubs have been among the first to latch onto such fully-loaded golf carts, as they are then able to attract new clientele with such advanced offerings.
What is the Regional Analysis of the U.S. Golf Cart Market?
“Southern United States to Account for High Sales of Golf Carts”
In 2024, the Southern market is expected to register 3.3% year-on-year growth by volume. The Southern U.S. market is projected to witness steady growth during the forecast period with the development of new golf courses in the region.
The study projects that the Southern U.S. market will reach revenue worth US$ 378.2 Mn by the end of 2032.
“Western United States to Remain Prominent Regional Market”
The Western United States is expected to emerge as a significant market for golf cart consumption in the United States by the end of 2032. The Western United States golf cart rentals industry has been benefiting from a continuous increase in rental demand, supported by an improving macroeconomic environment.
Market revenue is expected to increase as demand for rental golf equipment from key golf courses and country clubs grows, alongside the rising popularity of outdoor sports in the region.
The Western United States market is set to reach a market valuation of US$ 335.4 Mn by the end of 2032.
Which End User Accounts for Significant Share in the U.S. Golf Cart Market Landscape?
“Golf Clubs Anticipated to Drive High Demand for Golf Carts”
A golf cart is a small motorized vehicle that is widely used to carry passengers and other golf equipment across golf courses. Golf surged in popularity in 2021 by nearly every metric, as people sought socially-distanced outdoor activities amid the pandemic.
The United States is one of the best countries in the world to play golf, which means that there is a large number of golf courses across the country. This is thereby driving the demand for golf carts in the country.
The golf club segment is projected to create an absolute dollar opportunity of US$ 136.45 Mn between 2024 and 2032.
Which Type of Golf Cart is Gaining Huge Popularity in the U.S.?
“Electric Golf Carts to Hold Prominent Market Share”
Electric golf carts are projected to create an absolute dollar opportunity of US$ 365.7 Mn between 2024 and 2032.
Golf carts are available in the gasoline as well as electric forms. If we compare electric golf carts with gasoline golf carts, both have their advantages and disadvantages. However, since the world is moving toward sustainability and EVs are trending in the market, EV golf cart shares are rapidly increasing in the United States.
Over the past few years, more acquisitions and expansions have been witnessed to improve the supply chain of the U.S. golf cart market. Major manufacturers are providing a wide range of customized golf carts depending on specific customer requirements. The emergence of several new golf cart manufacturers has also been witnessed in this space.
For Instance,
| Attribute | Details |
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Forecast Period |
2024-2032 |
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Historical Data Available for |
2019-2023 |
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Market Analysis |
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Key U.S. Regions Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
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The U.S. golf cart market is valued at US$ 812.1 Mn in 2022.
Sales of golf carts in the U.S. are set to increase at 4.3% CAGR through 2032.
Club Car, LLC, E-Z-GO, Yamaha Motor Corporation, Polaris Industries, and Textron Inc are leading golf cart suppliers.
The Southern United States market is expected to increase at 3.7% CAGR over the decade.
Golf clubs account for 27.9% market share, which is the highest among all end users.
