U.S. Golf Cart Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Country: (U.S.)

Description

The U.S. golf cart market is witnessing steady growth driven by various factors, including the rising number of golf courses, the popularity of sports, and the increasing use of golf carts beyond traditional applications. The U.S. golf cart market is poised for steady growth, with the market expected to reach a valuation of USD 800 million in 2024 and further expand to USD 1,176 million by 2031, reflecting a compound annual growth rate (CAGR) of 5.70%.These vehicles, once primarily associated with golf courses, are now being utilized in a variety of settings, including hotels, amusement parks, airports, and industrial sites. This shift in usage patterns is largely due to the versatility and convenience offered by golf carts.

Expanding Applications of Golf Carts

The use of golf carts has extended far beyond the greens. Urbanization and industrialization have spurred demand for these vehicles in areas such as hospitality, tourism, security, and light cargo transport. Golf carts are increasingly being seen as a practical solution for short-distance transportation in privately owned spaces, offering both safety and convenience.

Golf carts are now customized to meet the specific needs of different industries. These customizations include all-weather enclosures, enhanced comfort features like air-conditioning and stereo systems, and utility beds for carrying equipment. Such innovations have broadened the appeal of golf carts, making them a preferred choice in various non-golf-related sectors.

Utility and Customization

Golf carts have become essential in several sectors due to their utility and ease of customization. Maintenance teams in large complexes, university campuses, and small communities use them for transporting equipment and personnel. Their ability to move seamlessly across different terrains makes them ideal for light cargo transport, enhancing logistics efficiency.

In sports arenas, golf carts are used to deliver equipment to teams, while in airports and railway stations, they assist with the movement of luggage. The growing trend of using golf carts for activities such as grocery and medicine delivery highlights their potential to replace traditional utility vehicles in certain applications.

Rise of Golf Cart Rental Services

The golf cart rental market has gained prominence with the increase in the number of golf courses and the rising popularity of low-speed vehicles in various industries. Hotels, resorts, and amusement parks are some of the sectors driving the demand for rental golf carts. The government's initiatives to promote tourism have further bolstered the rental market.

Rental services offer the flexibility of using golf carts without the long-term commitment of ownership. This is particularly attractive in the hospitality and tourism industries, where the need for transportation solutions can fluctuate seasonally. As more businesses recognize the advantages of golf carts, the rental market is expected to grow steadily.

Technological Advancements in Golf Carts

Golf cart manufacturers are focusing on technological innovations to enhance their product offerings. The incorporation of advanced features such as solar power, remote control, and cutting-edge accessories is becoming more common. These advancements are particularly appealing to public golf courses and country clubs, which use them to attract customers.

The trend towards technologically savvy golf carts reflects the broader shift in consumer preferences towards sustainable and high-tech solutions. As manufacturers continue to innovate, golf carts are likely to become even more versatile and integrated with modern technology.

Regional Insights

The U.S. golf cart market is characterized by regional variations in demand. The Southern United States is currently the largest market, driven by the high concentration of golf courses in the region. The development of new courses and the region's warm climate contribute to sustained demand.

In the Western United States, the market for golf cart rentals is growing, supported by a favorable economic environment and the popularity of outdoor sports. The region's diverse Analysiss and outdoor lifestyle make golf carts an attractive option for both recreational and utility purposes.

Key End Users

Golf clubs remain the primary end users of golf carts, with the sport's popularity driving consistent demand. The U.S. is home to numerous golf courses, which require reliable transportation solutions for both players and equipment. This has created a stable market for golf carts, with golf clubs accounting for a significant share of overall sales.

Beyond golf courses, hotels and resorts are increasingly investing in golf carts to enhance guest experiences. These vehicles are used for transporting guests within the property, offering a convenient and environmentally friendly alternative to traditional vehicles.

Product Type Trends

Electric golf carts are gaining popularity due to the growing emphasis on sustainability and environmental responsibility. Compared to gasoline-powered carts, electric models offer a quieter, more eco-friendly option, aligning with the broader trend towards electric vehicles (EVs). As the adoption of EVs continues to rise, electric golf carts are expected to capture a larger share of the market.

Manufacturers are responding to this demand by expanding their electric cart offerings, incorporating features such as longer battery life and faster charging times. The shift towards electric carts is also driven by regulatory changes aimed at reducing emissions, making them a more attractive option for both consumers and businesses.

Competitive Analysis

The U.S. golf cart market is competitive, with major manufacturers focusing on expanding their product lines and enhancing customization options. Companies are also pursuing strategic acquisitions and partnerships to strengthen their market position and improve supply chain efficiency.

Key Companies Profiled

Club Car, LLC
E-Z-GO
Yamaha Motor Corporation
Polaris Industries
Textron Inc
Garia Golf Carts
Cruise Car Inc
STAR EV Corporation
Tomberlin U.S.A
Spartan-EV
ICON Electric Vehicles
HDk Golf Carts

Segmentation of U.S. Golf Cart Industry Survey

By Product Type:

Electric Golf Carts
Gasoline Golf Carts

By Seating Capacity:

Small (2-4) Golf Carts
Medium (6-8) Golf Carts
Large (10+) Golf Carts

By End Use:

Golf Clubs
Hotels/Resorts
Housing Projects
Others (Private)
Airports
Railways
PSUs
Private Communities
Others (Gov)

By Region:

Northeastern United States Golf Cart Market
Western United States Golf Cart Market
Midwestern United States Golf Cart Market
Southern United States Golf Cart Market

1. Executive Summary

1.1. U.S. Golf Cart Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Price Analysis, 2019 - 2023

3.1. U.S. Average Price Analysis, by Product Type, US$ Per Unit, 2019 - 2023
3.2. Prominent Factor Affecting Golf Cart Prices
3.3. U.S. Average Price Analysis, by Country, US$ Per Unit

4. U.S. Golf Cart Market Outlook, 2018 - 2031

4.1. U.S. Golf Cart Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Electric Golf Carts
  - 4.1.1.2. Gasoline Golf Carts
4.2. U.S. Golf Cart Market Outlook, by Seating Capacity, Value (US$ Mn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Small (2-4) Golf Carts
  - 4.2.1.2. Medium (6-8) Golf Carts
  - 4.2.1.3. Large (10+) Golf Carts
4.3. U.S. Golf Cart Market Outlook, by End-use, Value (US$ Bn, 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. Golf Clubs
  - 4.3.1.2. Hotels/Resorts
  - 4.3.1.3. Housing Projects
  - 4.3.1.4. Others (Private)
  - 4.3.1.5. Airports
  - 4.3.1.6. Railways
  - 4.3.1.7. PSUs
  - 4.3.1.8. Private Communities
  - 4.3.1.9. Others
4.4. U.S. Golf Cart Market Outlook, by Zones, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 4.4.1. Key Highlights
  - 4.4.1.1. West
  - 4.4.1.2. Midwest
  - 4.4.1.3. Southwest
  - 4.4.1.4. Southeast
  - 4.4.1.5. Northeast

5. West Golf Cart Market Outlook, 2018 - 2031

5.1. West Golf Cart Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Electric Golf Carts
  - 5.1.1.2. Gasoline Golf Carts
5.2. West Golf Cart Market Outlook, by Seating Capacity, Value (US$ Mn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Small (2-4) Golf Carts
  - 5.2.1.2. Medium (6-8) Golf Carts
  - 5.2.1.3. Large (10+) Golf Carts
5.3. West Golf Cart Market Outlook, by End-use, Value (US$ Bn, 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Golf Clubs
  - 5.3.1.2. Hotels/Resorts
  - 5.3.1.3. Housing Projects
  - 5.3.1.4. Others (Private)
  - 5.3.1.5. Airports
  - 5.3.1.6. Railways
  - 5.3.1.7. PSUs
  - 5.3.1.8. Private Communities
  - 5.3.1.9. Others
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Midwest Golf Cart Market Outlook, 2018 - 2031

6.1. Midwest Golf Cart Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Electric Golf Carts
  - 6.1.1.2. Gasoline Golf Carts
6.2. Midwest Golf Cart Market Outlook, by Seating Capacity, Value (US$ Mn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Small (2-4) Golf Carts
  - 6.2.1.2. Medium (6-8) Golf Carts
  - 6.2.1.3. Large (10+) Golf Carts
6.3. Midwest Golf Cart Market Outlook, by End-use, Value (US$ Bn, 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Golf Clubs
  - 6.3.1.2. Hotels/Resorts
  - 6.3.1.3. Housing Projects
  - 6.3.1.4. Others (Private)
  - 6.3.1.5. Airports
  - 6.3.1.6. Railways
  - 6.3.1.7. PSUs
  - 6.3.1.8. Private Communities
  - 6.3.1.9. Others
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Southwest Golf Cart Market Outlook, 2018 - 2031

7.1. Southwest Golf Cart Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Electric Golf Carts
  - 7.1.1.2. Gasoline Golf Carts
7.2. Southwest Golf Cart Market Outlook, by Seating Capacity, Value (US$ Mn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Small (2-4) Golf Carts
  - 7.2.1.2. Medium (6-8) Golf Carts
  - 7.2.1.3. Large (10+) Golf Carts
7.3. Southwest Golf Cart Market Outlook, by End-use, Value (US$ Bn, 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Golf Clubs
  - 7.3.1.2. Hotels/Resorts
  - 7.3.1.3. Housing Projects
  - 7.3.1.4. Others (Private)
  - 7.3.1.5. Airports
  - 7.3.1.6. Railways
  - 7.3.1.7. PSUs
  - 7.3.1.8. Private Communities
  - 7.3.1.9. Others
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Southeast Golf Cart Market Outlook, 2018 - 2031

8.1. Southeast Golf Cart Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Electric Golf Carts
  - 8.1.1.2. Gasoline Golf Carts
8.2. Southeast Golf Cart Market Outlook, by Seating Capacity, Value (US$ Mn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Small (2-4) Golf Carts
  - 8.2.1.2. Medium (6-8) Golf Carts
  - 8.2.1.3. Large (10+) Golf Carts
8.3. Southeast Golf Cart Market Outlook, by End-use, Value (US$ Bn, 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Golf Clubs
  - 8.3.1.2. Hotels/Resorts
  - 8.3.1.3. Housing Projects
  - 8.3.1.4. Others (Private)
  - 8.3.1.5. Airports
  - 8.3.1.6. Railways
  - 8.3.1.7. PSUs
  - 8.3.1.8. Private Communities
  - 8.3.1.9. Others
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Northeast Golf Cart Market Outlook, 2018 - 2031

9.1. Northeast Golf Cart Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Electric Golf Carts
  - 9.1.1.2. Gasoline Golf Carts
9.2. Northeast Golf Cart Market Outlook, by Seating Capacity, Value (US$ Mn), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Small (2-4) Golf Carts
  - 9.2.1.2. Medium (6-8) Golf Carts
  - 9.2.1.3. Large (10+) Golf Carts
9.3. Northeast Golf Cart Market Outlook, by End-use, Value (US$ Bn, 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Golf Clubs
  - 9.3.1.2. Hotels/Resorts
  - 9.3.1.3. Housing Projects
  - 9.3.1.4. Others (Private)
  - 9.3.1.5. Airports
  - 9.3.1.6. Railways
  - 9.3.1.7. PSUs
  - 9.3.1.8. Private Communities
  - 9.3.1.9. Others
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

10.1. Company Market Share Analysis, 2023
10.2. Competitive Dashboard
10.3. Company Profiles
- 10.3.1. Club Car, LLC
  - 10.3.1.1. Company Overview
  - 10.3.1.2. Product Portfolio
  - 10.3.1.3. Financial Overview
  - 10.3.1.4. Business Strategies and Development
- 10.3.2. E-Z-GO
  - 10.3.2.1. Company Overview
  - 10.3.2.2. Product Portfolio
  - 10.3.2.3. Financial Overview
  - 10.3.2.4. Business Strategies and Development
- 10.3.3. Yamaha Motor Corporation
  - 10.3.3.1. Company Overview
  - 10.3.3.2. Product Portfolio
  - 10.3.3.3. Financial Overview
  - 10.3.3.4. Business Strategies and Development
- 10.3.4. Polaris Industries
  - 10.3.4.1. Company Overview
  - 10.3.4.2. Product Portfolio
  - 10.3.4.3. Financial Overview
  - 10.3.4.4. Business Strategies and Development
- 10.3.5. Textron Inc
  - 10.3.5.1. Company Overview
  - 10.3.5.2. Product Portfolio
  - 10.3.5.3. Financial Overview
  - 10.3.5.4. Business Strategies and Development
- 10.3.6. Garia Golf Carts
  - 10.3.6.1. Company Overview
  - 10.3.6.2. Product Portfolio
  - 10.3.6.3. Financial Overview
  - 10.3.6.4. Business Strategies and Development
- 10.3.7. Cruise Car Inc
  - 10.3.7.1. Company Overview
  - 10.3.7.2. Product Portfolio
  - 10.3.7.3. Financial Overview
  - 10.3.7.4. Business Strategies and Development
- 10.3.8. STAR EV Corporation
  - 10.3.8.1. Company Overview
  - 10.3.8.2. Product Portfolio
  - 10.3.8.3. Financial Overview
  - 10.3.8.4. Business Strategies and Development
- 10.3.9. Tomberlin U.S.A
  - 10.3.9.1. Company Overview
  - 10.3.9.2. Product Portfolio
  - 10.3.9.3. Financial Overview
  - 10.3.9.4. Business Strategies and Development
- 10.3.10. Spartan-EV
  - 10.3.10.1. Company Overview
  - 10.3.10.2. Product Portfolio
  - 10.3.10.3. Financial Overview
  - 10.3.10.4. Business Strategies and Development
- 10.3.11. ICON Electric Vehicles
  - 10.3.11.1. Company Overview
  - 10.3.11.2. Product Portfolio
  - 10.3.11.3. Financial Overview
  - 10.3.11.4. Business Strategies and Development
- 10.3.12. HDk Golf Carts
  - 10.3.12.1. Company Overview
  - 10.3.12.2. Product Portfolio
  - 10.3.12.3. Financial Overview
  - 10.3.12.4. Business Strategies and Development

11. Appendix

11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations