United States Golf Cart Market Report and Forecast 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