Dublin, Ireland: The global golf cart market is projected to grow from US$2.3 billion in 2025 to US$4 billion by 2034, driven by a 6.4% compound annual growth rate (CAGR), according to the Golf Cart Market Outlook 2025–2034 report from Research and Markets.

Once limited to golf courses, the market has rapidly expanded into resorts, airports, campuses, and gated communities, with electric carts becoming the preferred option due to their energy efficiency and reduced environmental impact.

The integration of lithium-ion batteries, intelligent navigation systems, and customisable designs is transforming golf carts into multi-use electric vehicles.

A sharp uptick in demand in 2024 was spurred by global trends in low-emission transport, with North America and Europe leading fleet upgrades across golf resorts and municipalities, while the Asia-Pacific region saw a surge in demand for utility golf carts in airports and real estate developments, notably in India, China, and Thailand.

The report noted: “The global golf cart market has evolved beyond its traditional role on golf courses, expanding into commercial, residential, and industrial applications.

“Golf carts are now being increasingly used in resorts, gated communities, campuses, airports, and warehouses due to their compact size, energy efficiency, and ease of mobility.

“This broadening scope has attracted diverse consumer segments and driven consistent demand across regions. Technological advancements have also transformed golf carts into versatile electric vehicles, often equipped with lithium-ion batteries, smart navigation features, and eco-friendly components.

“As sustainability becomes a higher priority, electric golf carts are rapidly gaining preference over their gas-powered counterparts. The market is characterised by increasing product customisation, with manufacturers offering various seating capacities, utility attachments, and designs tailored to specific uses.

“With rising urbanisation, aging populations, and increased investments in tourism infrastructure, the golf cart market is positioned for steady growth globally.”

Key Insights from Golf Cart Market

• Electric golf carts with lithium-ion batteries are becoming mainstream due to improved energy efficiency, faster charging, and lower maintenance costs.
• Golf carts are increasingly being used in non-golf settings such as airports, campuses, and gated communities for intra-site transport.
• Smart features like GPS, Bluetooth, digital dashboards, and security systems are enhancing user experience and operational control.
• Custom-designed carts for niche applications, including food delivery and maintenance services, are diversifying the market landscape.
• Solar-powered golf carts are gaining attention as sustainable mobility solutions, especially in sunny regions and eco-tourism zones.
• Rising emphasis on clean energy and green mobility solutions is boosting the demand for electric and solar-powered golf carts worldwide.
• Growth in tourism, hospitality, and real estate developments is increasing the demand for efficient, low-speed transport vehicles like golf carts.
• Urbanisation and infrastructure development in emerging markets are opening new opportunities for golf cart use in public and private spaces.
• Technological advancements in battery and safety systems are making golf carts more reliable, appealing, and functional for diverse uses.
• High initial costs of electric golf carts and limited charging infrastructure in some regions can restrict adoption, especially in price-sensitive or rural markets.

*The full report from Research and Markets can be purchased here.