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North American Golf Cart Market Sees Electric Growth Surge

Electric golf carts in a community setting

News Summary

The North American golf cart market is experiencing significant growth, driven by the adoption of electric models. Valued at USD 0.68 billion currently, it is projected to reach USD 1.13 billion by 2033, expanding at a CAGR of 5.82%. This shift towards electric carts is propelled by eco-friendly initiatives and technological advancements, with electric models making up over 60% of sales in 2023. Challenges including high initial costs and regulatory inconsistencies persist, yet the future is promising with increased applications in various sectors beyond traditional golf courses.

New York City – Growing Market for North American Golf Carts: Electric Models Dominate Expansion

The North American golf cart market is experiencing significant growth, with its valuation expected to reach USD 1.13 billion by 2033. Currently valued at USD 0.68 billion in 2024, the market is projected to expand at a compound annual growth rate (CAGR) of approximately 5.82% from 2025 through 2033. This growth is driven by increasing adoption of electric golf carts across residential, commercial, and recreational sectors, along with technological innovations and evolving regulations.

Market Size and Key Drivers

In 2024, the market size was estimated to be USD 0.72 billion, and projections indicate a steady rise as the preference for eco-friendly transportation options intensifies. Over 24 million Americans played golf on courses in 2023, reflecting sustained interest in the sport, which continues to support demand for golf carts. Notably, more than 60% of newly sold golf carts in North America in 2023 were electric models, underscoring the shift towards environmentally friendly solutions.

Electric Carts Leading Growth

Environmental considerations are propelling the transition from traditional gasoline-powered golf carts to electric models. In Canada, over 80% of golf cart purchases during 2023 were electric, driven by regulatory policies supporting green transportation. Several U.S. states have introduced laws limiting gas-powered vehicles in enclosed or semi-enclosed areas, further incentivizing manufacturers to focus on electric cart development. As a result, electric golf carts accounted for nearly 70% of total unit sales in the U.S. in 2023.

Technological Advancements

Innovation is a key factor in the evolving market. Improvements in lithium-ion battery technology now provide a 40% higher energy density compared to older lead-acid batteries, allowing for longer usage between charges. Additionally, manufacturers are integrating smart features such as GPS, telematics, and mobile app connectivity into golf carts, expanding their utility beyond recreation and into utility and industrial applications. Solar-powered golf carts are also emerging with a projected CAGR of 14.2%, indicating promising growth potential.

Applications and Usage Beyond Golf Courses

The golf course segment remains the largest application area, supported by over 14,000 golf facilities across the United States, which routinely require hundreds of carts per course. However, the use of golf carts is increasingly expanding into other sectors, including utility services, industrial complexes, residential gated communities, and urban mobility solutions. Corporate campuses and universities also use golf carts for transportation and logistics, with this segment expected to see a CAGR of 11.8% during the forecast period.

Market Challenges and Regional Variations

Despite promising growth, the industry faces challenges such as high initial costs for electric models, which can inhibit adoption among smaller facilities and budget-conscious consumers. Nearly 40% of small golf club owners cited affordability as a significant barrier to upgrading to electric fleets. Inconsistent regulations regarding the use of golf carts on public roads further complicate market expansion, as only 28 states had enacted laws permitting low-speed vehicle use as of early 2023.

Market Composition and Key Players

In North America, the United States dominates the market with an 83.3% share in 2024, followed by Canada with approximately 14.3%. Major companies in the region include Yamaha Golf-Car Company, Textron Inc., Club Car, and E-Z-GO, which continuously innovate to meet demand through electric and smart technology integrations.

Regional Development and Infrastructure Growth

Recent infrastructure developments, such as the addition of over 20 new golf courses in Florida between 2020 and 2023, have increased the demand for golf carts, with each new course typically requiring between 50 and 100 carts. Seasonal fluctuations also influence sales, peaking during warmer months when golf and outdoor activities are most popular.

Future Outlook

Market analysts forecast sustained growth driven by technological advancements, environmental policies, and expanding utility applications. The increasing focus on sustainable transportation and smart technology integration presents numerous opportunities for manufacturers and service providers. As the industry continues to evolve, electric golf carts are expected to play a critical role in urban mobility, logistics, and everyday transportation solutions, extending their reach beyond traditional recreational use.

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STAFF HERE VIRGINIA BEACH WRITER
Author: STAFF HERE VIRGINIA BEACH WRITER

VIRGINIA BEACH STAFF WRITER The VIRGINIA BEACH STAFF WRITER represents the experienced team at HEREVirginiaBeach.com, your go-to source for actionable local news and information in Virginia Beach, Virginia Beach City, 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 the Virginia Beach Neptune Festival, East Coast Surfing Championship, and the American Music Festival. Our coverage extends to key organizations like the Virginia Beach Chamber of Commerce and Visit Virginia Beach, plus leading businesses in tourism and defense that power the local economy such as the Virginia Beach Convention Center and Northrop Grumman. As part of the broader HERE network, we provide comprehensive, credible insights into Virginia's dynamic landscape.

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