What is the Market Demand for U.S. Golf Cart?
The U.S. golf cart market, valued at $812.1 million in 2024, is projected to grow steadily at a CAGR of 4.3%, reaching $1.23 billion by 2032. Representing 31.2% of the global market, the U.S. demand is driven by an increase in golf courses and country clubs, stringent vehicle emission regulations, and a rise in sports enthusiasts and purchasing power. The Southern U.S. will continue to dominate, holding a 30.6% market share by 2032. Beyond golf courses, golf carts are gaining popularity in various sectors including sports, hospitality, tourism, and security, fueled by their versatility and growing awareness of their benefits.