USA Golf Cart Market Outlook to 2028
Description
USA Golf Cart Market Overview
The USA golf cart market is valued at USD 789 million, driven by several factors including the expansion of golf courses, the growing popularity of golf as a recreational activity, and the increasing demand for eco-friendly transportation solutions. The rise in electric golf cart sales is a significant contributor, with advancements in battery technology allowing for longer ranges and improved performance.
The USA dominates the market due to the vast number of golf courses in states such as California, Florida, and Arizona, which are home to luxury resorts and retirement communities. This strong presence of golf courses, along with an affluent consumer base and significant golf tourism, has solidified the USAs leadership in the market.
As part of the federal government's clean energy initiative, golf carts qualify for tax credits under the Energy Improvement and Extension Act of 2024, which offers up to $2,500 in tax relief for electric vehicle purchases, including golf carts. This incentive is expected to help drive electric cart sales by at least 15% annually through 2028, easing the financial burden for golf courses, resorts, and individuals opting for electric models.
USA Golf Cart Market Segmentation
By Product Type: The market is segmented into electric golf carts, gasoline golf carts, and solar-powered golf carts. Electric golf carts dominate the market due to the growing environmental concerns and advancements in battery technology, leading to a shift from gasoline to electric options. This segment is preferred for its reduced operational costs and quieter operations, making it an attractive choice for golf courses and residential communities.
By Application: The market is also segmented by application into golf courses, personal use, and commercial services. Golf courses hold the largest share in this segment due to the increasing use of carts for ease of transportation around the course. Golf courses are investing in fleet modernization, with electric golf carts being the primary choice for their eco-friendliness and efficiency.
USA Golf Cart Market Competitive Landscape
The market is highly competitive, with key players investing in innovation and expanding their market presence. Companies like Yamaha and Club Car lead the market, offering a wide range of products from electric to solar-powered golf carts.
Company Name
Establishment Year
Headquarters
Market Position
Product Range
Technological Innovation
Environmental Certifications
Strategic Partnerships
Revenue (USD)
R&D Investment
Yamaha Golf- Car Company
1955
Kennesaw, Georgia
Club Car LLC
1958
Evans, Georgia
E-Z-GO (Textron Inc.)
1954
Augusta, Georgia
Garia Inc.
2005
Houston, Texas
Columbia Vehicle Group Inc.
1946
Reedsburg, Wisconsin
USA Golf Cart Market Analysis
Market Growth Drivers
Rise in Leisure and Tourism Activities: In 2024, the U.S. tourism sector is projected to generate around $1.8 trillion in direct spending, which directly boosts demand for golf carts as recreational vehicles in resorts and vacation spots. As golf courses expand and increase in numbersthere are currently more than 16,000 golf courses in the U.S., a number expected to grow by 10% by 2025golf carts are becoming a staple not only for golfing but for transportation across large properties.
Adoption of Golf Carts Beyond Golf Courses: Golf carts are increasingly being utilized in retirement communities, large-scale events, airports, and industrial facilities. In 2024, approximately 1,100 retirement communities in the U.S. have golf cart-friendly infrastructure, serving over 2.2 million residents.
Increasing Regulations for Emission Reduction: The push for cleaner air and reduced emissions is fueling demand for electric golf carts. By 2024, over 13 states, including California and New York, have imposed stringent regulations targeting a 50% reduction in transportation emissions. Consequently, the demand for electric-powered golf carts, which currently constitutes around 40% of the market, is expected to rise.
Market Challenges
Limited Infrastructure for Electric Cart Charging: In 2024, only about 25% of U.S. golf courses and other golf cart-friendly locations have dedicated charging stations for electric golf carts. As the demand for electric models grows, the lack of infrastructure could slow down their adoption. Developing this infrastructure will be an essential but costly investment, with golf course operators potentially spending upwards of $50,000 to install charging stations.
Regulatory Hurdles in Urban Use of Golf Carts: While golf carts are gaining popularity for short-distance urban transportation, strict local regulations regarding safety standards, speed limits, and registration impede their widespread use. For example, Florida reported over 500 accidents involving golf carts in 2023, prompting stricter safety regulations.
USA Golf Cart Market Future Outlook
Over the next five years, the USA golf cart industry is expected to see steady growth, driven by technological advancements in electric and solar-powered carts, as well as increasing investments in golf tourism and leisure activities.
Future Market Opportunities
Increased Demand for Electric Carts: In the next five years, the market will experience a shift toward electric models due to stricter emission regulations. By 2028, electric carts are forecasted to dominate the market, making up nearly 80% of new purchases, driven by regulations in states like California and New York. This shift is expected to result in the sale of an additional 300,000 electric golf carts over this period.
Growth in Customization Services: The trend of customized golf carts, tailored to user preferences, will grow exponentially over the next five years. By 2028, over 25% of golf carts sold in the U.S. will feature custom modifications, such as unique paint jobs, enhanced seats, and technology integrations like GPS and audio systems. The market for these customized golf carts is projected to expand by at least 40,000 units per year.
Please Note: It will take 5-7 business days to complete the report upon order confirmation
The USA golf cart market is valued at USD 789 million, driven by several factors including the expansion of golf courses, the growing popularity of golf as a recreational activity, and the increasing demand for eco-friendly transportation solutions. The rise in electric golf cart sales is a significant contributor, with advancements in battery technology allowing for longer ranges and improved performance.
The USA dominates the market due to the vast number of golf courses in states such as California, Florida, and Arizona, which are home to luxury resorts and retirement communities. This strong presence of golf courses, along with an affluent consumer base and significant golf tourism, has solidified the USAs leadership in the market.
As part of the federal government's clean energy initiative, golf carts qualify for tax credits under the Energy Improvement and Extension Act of 2024, which offers up to $2,500 in tax relief for electric vehicle purchases, including golf carts. This incentive is expected to help drive electric cart sales by at least 15% annually through 2028, easing the financial burden for golf courses, resorts, and individuals opting for electric models.
USA Golf Cart Market Segmentation
By Product Type: The market is segmented into electric golf carts, gasoline golf carts, and solar-powered golf carts. Electric golf carts dominate the market due to the growing environmental concerns and advancements in battery technology, leading to a shift from gasoline to electric options. This segment is preferred for its reduced operational costs and quieter operations, making it an attractive choice for golf courses and residential communities.
By Application: The market is also segmented by application into golf courses, personal use, and commercial services. Golf courses hold the largest share in this segment due to the increasing use of carts for ease of transportation around the course. Golf courses are investing in fleet modernization, with electric golf carts being the primary choice for their eco-friendliness and efficiency.
USA Golf Cart Market Competitive Landscape
The market is highly competitive, with key players investing in innovation and expanding their market presence. Companies like Yamaha and Club Car lead the market, offering a wide range of products from electric to solar-powered golf carts.
Company Name
Establishment Year
Headquarters
Market Position
Product Range
Technological Innovation
Environmental Certifications
Strategic Partnerships
Revenue (USD)
R&D Investment
Yamaha Golf- Car Company
1955
Kennesaw, Georgia
Club Car LLC
1958
Evans, Georgia
E-Z-GO (Textron Inc.)
1954
Augusta, Georgia
Garia Inc.
2005
Houston, Texas
Columbia Vehicle Group Inc.
1946
Reedsburg, Wisconsin
USA Golf Cart Market Analysis
Market Growth Drivers
Rise in Leisure and Tourism Activities: In 2024, the U.S. tourism sector is projected to generate around $1.8 trillion in direct spending, which directly boosts demand for golf carts as recreational vehicles in resorts and vacation spots. As golf courses expand and increase in numbersthere are currently more than 16,000 golf courses in the U.S., a number expected to grow by 10% by 2025golf carts are becoming a staple not only for golfing but for transportation across large properties.
Adoption of Golf Carts Beyond Golf Courses: Golf carts are increasingly being utilized in retirement communities, large-scale events, airports, and industrial facilities. In 2024, approximately 1,100 retirement communities in the U.S. have golf cart-friendly infrastructure, serving over 2.2 million residents.
Increasing Regulations for Emission Reduction: The push for cleaner air and reduced emissions is fueling demand for electric golf carts. By 2024, over 13 states, including California and New York, have imposed stringent regulations targeting a 50% reduction in transportation emissions. Consequently, the demand for electric-powered golf carts, which currently constitutes around 40% of the market, is expected to rise.
Market Challenges
Limited Infrastructure for Electric Cart Charging: In 2024, only about 25% of U.S. golf courses and other golf cart-friendly locations have dedicated charging stations for electric golf carts. As the demand for electric models grows, the lack of infrastructure could slow down their adoption. Developing this infrastructure will be an essential but costly investment, with golf course operators potentially spending upwards of $50,000 to install charging stations.
Regulatory Hurdles in Urban Use of Golf Carts: While golf carts are gaining popularity for short-distance urban transportation, strict local regulations regarding safety standards, speed limits, and registration impede their widespread use. For example, Florida reported over 500 accidents involving golf carts in 2023, prompting stricter safety regulations.
USA Golf Cart Market Future Outlook
Over the next five years, the USA golf cart industry is expected to see steady growth, driven by technological advancements in electric and solar-powered carts, as well as increasing investments in golf tourism and leisure activities.
Future Market Opportunities
Increased Demand for Electric Carts: In the next five years, the market will experience a shift toward electric models due to stricter emission regulations. By 2028, electric carts are forecasted to dominate the market, making up nearly 80% of new purchases, driven by regulations in states like California and New York. This shift is expected to result in the sale of an additional 300,000 electric golf carts over this period.
Growth in Customization Services: The trend of customized golf carts, tailored to user preferences, will grow exponentially over the next five years. By 2028, over 25% of golf carts sold in the U.S. will feature custom modifications, such as unique paint jobs, enhanced seats, and technology integrations like GPS and audio systems. The market for these customized golf carts is projected to expand by at least 40,000 units per year.
Please Note: It will take 5-7 business days to complete the report upon order confirmation
Table of Contents
91 Pages
- 1. USA Golf Cart Market Overview
- 1.1 Definition and Scope
- 1.2 Market Taxonomy
- 1.3 Market Growth Rate
- 1.4 Market Segmentation Overview
- 2. USA Golf Cart Market Size (In USD Mn)
- 2.1 Historical Market Size
- 2.2 Year-On-Year Growth Analysis
- 2.3 Key Market Developments and Milestones
- 3. USA Golf Cart Market Analysis
- 3.1 Growth Drivers
- Rising Golf Course Developments
- Increasing Popularity of Recreational Golf
- Technological Advancements in Electric Golf Carts
- Demand for Eco-Friendly Transportation Solutions
- 3.2 Market Challenges
- High Maintenance Costs of Gas-Powered Golf Carts
- Competition from Low-Cost Imports
- Environmental Regulations on Gasoline Carts
- Declining Interest in Golf Among Millennials
- 3.3 Opportunities
- Expansion of Golf Tourism
- Rise of Electric and Solar-Powered Carts
- Development of Smart Carts with GPS and IoT Integration
- Increasing Application in Retirement Communities and Resorts
- 3.4 Trends
- Growth in Battery Technology for Electric Golf Carts
- Expansion of Golf Carts in Non-Golf Applications
- Rising Popularity of Luxury Golf Carts
- Integration of Safety Features and Smart Tech in Golf Carts
- 3.5 Government Regulation
- National Guidelines on Electric Vehicle Standards
- Emission Regulations for Gas-Powered Carts
- Tax Incentives for Electric Cart Adoption
- Mandates for Fleet Electrification in Recreational Spaces
- 3.6 SWOT Analysis
- 3.7 Porters Five Forces Analysis
- 3.8 Competition Ecosystem
- 4. USA Golf Cart Market Segmentation
- 4.1 By Product Type (In Value %)
- Electric Golf Cart
- Gasoline Golf Cart
- Solar-Powered Golf Cart
- 4.2 By Seating Capacity (In Value %)
- One-to-Four-Seater
- Above-Five-Seater
- 4.3 By Application (In Value %)
- Golf Courses
- Personal Use
- Commercial Services
- 4.4 By Technology (In Value %)
- Lithium-Ion Battery Technology
- Lead-Acid Battery Technology
- 4.5 By End-User (In Value %)
- Golf Courses
- Resorts and Parks
- Retirement Communities
- 4.5 By Region (In Value %)
- North
- East
- West
- South
- 5. USA Golf Cart Market Competitive Analysis
- 5.1 Detailed Profiles of Major Companies
- Club Car LLC
- Yamaha Golf-Car Company
- Textron Inc.
- E-Z-GO (Textron Inc.)
- Garia Inc.
- Columbia Vehicle Group
- Cruise Car Inc.
- Waev Inc.
- ACG Inc.
- HDK Electric Vehicles
- Star EV Corporation
- Tomberlin Automotive Group
- American Custom Golf Carts (ACG)
- Melex Electric Vehicles
- Caddyshack Golf Carts
- 5.2 Cross Comparison Parameters (Market Share, Product Offering, Technological Advancements, Geographic Reach, Revenue)
- 5.3 Market Share Analysis
- 5.4 Strategic Initiatives
- 5.5 Mergers And Acquisitions
- 5.6 Investment Analysis
- 5.7 Venture Capital Funding
- 5.8 Government Grants
- 5.9 Private Equity Investments
- 6. USA Golf Cart Market Regulatory Framework
- 6.1 Environmental Standards
- 6.2 Compliance Requirements
- 6.3 Certification Processes
- 7. USA Golf Cart Future Market Size (In USD Mn)
- 7.1 Future Market Size Projections
- 7.2 Key Factors Driving Future Market Growth
- 8. USA Golf Cart Market Future Segmentation
- 8.1 By Product Type (In Value %)
- 8.2 By Seating Capacity (In Value %)
- 8.3 By Application (In Value %)
- 8.4 By Technology (In Value %)
- 8.5 By End-User (In Value %)
- 8.6 By Region (In Value %)
- 9. USA Golf Cart Market Analysts Recommendations
- 9.1 TAM/SAM/SOM Analysis
- 9.2 Customer Cohort Analysis
- 9.3 Marketing Initiatives
- 9.4 White Space Opportunity Analysis
- Disclaimer
- Contact Us
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
