News Summary
The North America golf cart market is projected to reach USD 1.13 billion by 2033, driven by a growing demand for electric models and new regulations supporting sustainability. With over 24 million Americans playing golf, electric carts now make up the majority of sales. Despite challenges like high costs and supply chain issues, advancements in battery technology and smart features are paving the way for a diverse range of uses, from recreation to urban mobility.
Atlanta, GA – The North America golf cart market is projected to expand significantly, reaching USD 1.13 billion by 2033, up from USD 0.68 billion in 2024. This growth indicates a compound annual growth rate (CAGR) of 5.82% from 2025 through 2033. The market is estimated to be valued at USD 0.72 billion in 2025, reflecting a steady increase in demand across various sectors.
The rising popularity of golf, with over 24 million Americans playing on courses in 2023, is supporting this growth, as the sport continues to thrive in the post-pandemic environment. Golf carts are increasingly utilized not only on golf courses but also in residential communities, resorts, and recreational facilities.
Electric models are leading this expansion, making up more than 60% of newly sold units in North America in 2023. In Canada, the trend is even more pronounced, where over 80% of new golf cart purchases were electric due to favorable regulatory support. This transition is fueled by environmental concerns prompting a shift from gasoline-powered vehicles to more sustainable electric options.
Market Dynamics and Trends
Several factors are driving the growth of the golf cart market. Improved battery technology, especially lithium-ion batteries, provides 40% greater energy density compared to traditional lead-acid batteries, enhancing the appeal of electric models. Additionally, many states in the U.S. are implementing mandates to limit gas-powered vehicles in enclosed areas, creating an incentive for manufacturers to pivot towards electric solutions. In 2023, electric models accounted for nearly 70% of total unit sales in the U.S.
Smart technologies are also revolutionizing the industry, as manufacturers embed features such as GPS tracking, telematics, and mobile app integration into golf carts. This evolution expands their utility in sectors beyond recreation, including municipal services, industrial applications, and urban mobility solutions. The commercial services segment is expected to grow at a CAGR of 11.8%, driven by emerging uses in logistics and transportation.
Challenges in the Market
Despite positive trends, challenges persist. The high initial cost of electric golf carts has been noted as a significant barrier, particularly for smaller facilities and budget-conscious consumers. Nearly 40% of small club owners cite affordability as a major concern when updating their fleets to electric models. Additionally, regulatory inconsistencies regarding the legal use of golf carts on public roads may limit growth opportunities; only 28 states had established laws for low-speed vehicles as of early 2023.
Moreover, supply chain disruptions and rising costs for lithium-ion batteries pose further hurdles to market growth. Seasonal demand also impacts sales, with a peak during warmer months, revealing a dependency on climatic conditions. Florida, for instance, has added over 20 new golf courses between 2020 and 2023, necessitating an average of 50-100 carts per course to support increased golf activity.
Geographical Insights
The United States holds the largest share of the North American golf cart market at 83.3% in 2024, with Canada contributing 14.3%. The growth of the golf cart market can be attributed to high golf course availability, with over 14,000 golf facilities operating in the U.S. Additionally, advancements in solar-powered golf carts forecast a promising growth rate of 14.2% throughout the projected period.
Conclusion
As the golf cart market evolves, it is clear that these vehicles are extending their reach beyond traditional recreational use. Their increasing functionality in urban settings, boosted by technological advancements and environmental considerations, presents new opportunities for growth. With major players such as Yamaha Golf-Car Company, Textron Inc., Club Car, and E-Z-GO leading the charge, the future of the North America golf cart market looks bright.
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Additional Resources
- Market Data Forecast: North America Golf Cart Market
- Wikipedia: Golf Cart
- OpenPR: Golf Cart Market to Reach $4.2 Billion by 2032
- Google Search: Golf Cart Market Growth
- Grand View Research: Golf Cart Market Report
- Encyclopedia Britannica: Golf
- Future Market Insights: Electric Golf Cart Market
- Google Scholar: Electric Golf Cart
- Grand View Research: Electric Golf Cart Market Report
- Google News: Technology in Golf Carts
- Market Research Future: America Golf Cart Market
Author: STAFF HERE MILWAUKEE WRITER
MILWAUKEE STAFF WRITER The MILWAUKEE STAFF WRITER represents the experienced team at HEREMilwaukee.com, your go-to source for actionable local news and information in Milwaukee, Milwaukee County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Summerfest, Milwaukee Film Festival, and the Milwaukee Boat Show. Our coverage extends to key organizations like the Metropolitan Milwaukee Association of Commerce and Visit Milwaukee, plus leading businesses in manufacturing and brewing that power the local economy such as Harley-Davidson and MillerCoors. As part of the broader HERE network, we provide comprehensive, credible insights into Wisconsin's dynamic landscape.
