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United States Golf Cart Market Size, Share, Growth, Forecast: By Product Type: Electric Golf Cart, Gasoline Golf Cart, Solar Golf Cart; By Application: Golf Course, Personal Services, Commercial Services; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
United States Golf Cart Market Outlook
The United States golf cart market size is projected to grow at a CAGR of 4.7% between 2024 and 2032. The market is being driven by the increasing popularity of golfing and the rising demand for golfing carts as sustainable transportation modes in the United States.
Key Trends in the Market
A golf cart refers to a compact motor vehicle which is typically used to transport golf players from one place to another within a golf course. This vehicle also has several compartments to store golfing equipment.
- The surge in golfing activities among the retired as well as young population and the increasing construction of new golf courses are crucial United States golf cart market trends.
- Increasing acceptance of golf carts as a safe and secure transportation option due to their simplicity, efficiency, ease of usage, and environmental benefits is propelling their sales. In addition, the compact size, cost advantage, and high accessibility of golf carts make them ideal as low-speed vehicles (LSVs) to provide enhanced convenience to users for short commutes.
- Technological advancements and the rising use of innovative materials by key players are expected to fuel the United States golf cart market growth. Moreover, in the forecast period, the customisable and versatile properties of golf carts are likely to boost their usage to perform utility-oriented tasks.
Market Analysis
Based on product type, the United States golf cart market segmentations include electric golf cart, gasoline golf cart, and solar golf cart. On the basis of application, the market is classified into golf course, personal services, and commercial services.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the United States golf cart market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- 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
Market Share by Product Type
Electric golf cart accounts for a significant portion of the United States golf cart market share. This can be attributed to their low initial and operational cost, sustainability, slow depreciation, and reduced noise generation, among other advantages. Meanwhile, the surging product launch of street-legal electric golf carts equipped with innovative features like switchable driving modes in the United States is further propelling the segment’s growth.
Market Share by Application
According to the United States golf cart market analysis, the demand for the vehicle in commercial services is likely significantly grow in the forecast period. This can be attributed to the growing deployment of golf carts in equestrian clubs, landscaping and construction projects, and retirement communities, among others.
Additionally, golf carts are gaining traction in the education sector for campus exploration purposes. In this regard, robust educational infrastructure across the country is likely to heighten the United States golf cart market demand in the forecast period.
Competitive Landscape
Club Car, LLC is a company which manufactures electric and gas-powered golf carts, along with small utility vehicles, for personal and commercial purposes. It was founded in 1958 and is headquartered in Georgia, the United States.
Textron Inc. is an industrial conglomerate which produces and sells specialised ground and aerial vehicles. The product portfolio of this company includes golf carts and utility vehicles. It was established in 1923 and is headquartered in Rhode Island, the United States.
Yamaha Motor Co., Ltd. is a multinational manufacturer specialising in different types of motor vehicles such as golf carts, boats, and motorcycles, among others. The company was founded in 1955 and is headquartered in Shizuoka, Japan.
Other market players include Star EV Corporation, ACG, Inc., Waev Inc., Garia Inc., Textron Specialized Vehicles Inc., Cruise Car® Inc., and Columbia Vehicle Group Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Golf Cart Market Overview
8.1 Key Industry Highlights
8.2 Global Golf Cart Historical Market (2018-2023)
8.3 Global Golf Cart Market Forecast (2024-2032)
8.4 Global Golf Cart Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 United States Golf Cart Market Overview
9.1 Key Industry Highlights
9.2 United States Golf Cart Historical Market (2018-2023)
9.3 United States Golf Cart Market Forecast (2024-2032)
10 United States Golf Cart Market by Product Type
10.1 Electric Golf Cart
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Gasoline Golf Cart
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Solar Golf Cart
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United States Golf Cart Market by Application
11.1 Golf Course
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Personal Services
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Commercial Services
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Club Car, LLC
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Textron Inc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Yamaha Motor Co., Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Star EV Corporation
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 ACG, Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Waev Inc.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Garia Inc.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Textron Specialized Vehicles Inc.
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Cruise Car® Inc.
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Columbia Vehicle Group Inc.
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Golf Cart Market: Key Industry Highlights, 2018 and 2032
2. United States Golf Cart Market: Key Industry Highlights, 2018 and 2032
3. United States Golf Cart Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. United States Golf Cart Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. United States Golf Cart Historical Market: Breakup by Application (USD Million), 2018-2023
6. United States Golf Cart Market Forecast: Breakup by Application (USD Million), 2024-2032
7. United States Golf Cart Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.7% between 2024 and 2032.
The surge in golfing activities among the retired and young population of the United States and the increasing acceptance of golf carts as a safe and secure transportation option are the major drivers of the market.
The key trends in the market include the technological advancements by leading market players and the increasing popularity of electric golf carts.
Electric golf cart, gasoline golf cart, and solar golf cart are the different product types considered in the market report.
Golf course, personal services, and commercial services are the major applications of golf cart.
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., and Columbia Vehicle Group Inc., among others, are the key market players.
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