North American Golf Cart Market size is projected to surpass USD 1.5 billion by 2027, according to a latest forecast report by Graphical Research.
The rising popularity of golfing in the U.S. and Canada due to the easy availability of golf courses and club houses in towns & cities is driving the market growth. According to the R&A report, the U.S. alone accounts for 43% of the world’s total golf courses, making it the most popular recreational activity among people of all age groups. Canada has 2,633 golf courses and 2,265 golf facilities. Most of these golf courses are publicly accessible, thereby providing significant market growth opportunities for growth.
The COVID-19 pandemic adversely impacted the golf cart industry during the first half of 2020. Stringent lockdown measures across North America profoundly affected the economy, pushing it to a state of recession. The temporarily closure of manufacturing facilities and disruptions in distribution channels and supply chains affected the market revenue in the first half of 2020. However, the industry growth is owing to the reopening of golf courses, government support to manufacturers, and increasing consumer spending on recreational & sports activities.
Browse detailed statistical insights from the report, “North America Golf Cart Market Forecast 2027 By Application (Golf Courses, Commercial Services), By Fuel Type (Gas, Electric, Solar-powered), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Electric-powered golf carts segment held the highest market share in 2021, attributed to the rising awareness among consumers regarding increasing pollution levels. Electric golf carts operate on lithium-ion batteries and produce zero emission. These vehicles require less maintenance owing to their fewer moving parts as compared to gas-powered golf carts. Their batteries are easily rechargeable and have a life span of five to seven years. Quiet electric golf cart operations cause less disturbances for other golfers and the local wildlife. The electric models that run on 48v batteries are capable of efficient performance and can be driven in hills. In addition, rising gasoline prices and the steadily declining market price of electric golf carts have led consumers to opt for electric golf carts.
The golf cart in North American market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
North America Market, By Fuel Type
North America Market, By Application
- Golf courses
- Commercial services
The above information has been provided for the following countries: