Report Overview
Golf carts are small, motorized vehicles designed primarily for transporting golfers and their equipment across golf courses. However, their utility extends beyond golf courses to residential communities, resorts, airports, campuses, and commercial establishments where low-speed transportation is preferred. These vehicles operate on various power sources, including electric, gasoline, and solar energy.
Market Analysis
The global Golf Carts Market was valued at US$ 3,302.6 million in 2024 and is projected to reach US$ 4,553.77 million by 2030.
Growing at a CAGR of 5.5% during the forecast period from 2024 to 2030.
The steady expansion is driven by increasing demand for electric golf carts, technological advancements, and environmental regulations favoring sustainable transportation.
Regional Analysis
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Competitor Analysis
Yamaha Golf Cars
Textron (E-Z-Go and Cushman)
Club Car
Columbia Vehicle Group Inc.
Suzhou Eagle Electric Vehicle
Manufacturing
