Market Overview:
The global adult go-karts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric karts, rising popularity of go-karting as a recreational activity, and growing number of racing events. Based on type, the global adult go-karts market is segmented into gas engine karts and electric karts. The electric kart segment is expected to grow at a higher CAGR than the gas engine kart segment during the forecast period from 2018 to 2030. This can be attributed to factors such as environmental concerns and increasing awareness about energy efficiency among consumers. Based on application, the global adult go-karts market is divided into rental and racing segments.
Product Definition:
An adult go-kart is a vehicle specifically designed for use by adults. They are typically smaller and less powerful than traditional go-karts, making them more manageable for older or shorter drivers. Adult go-karts can be used for racing or recreational purposes, and are often found at amusement parks, arcades, and other tourist destinations.
Gas Engine Karts:
Gas engine karts, also known as go-karts or motorbikes with engines, are a type of roadster that is driven by an internal combustion engine. The design of the vehicle can be modified in a way to improve driving and racing experience. These vehicles have closed bodies which make them lighter for improved speed and handling ability on account of low weight distribution and high center of gravity.
Electric Karts:
Electric karts are motorized vehicles that are designed for use by individuals with no experience driving a standard car. They have the same basic design as their conventional counterparts, but they have enhanced features to make the driving experience more comfortable and convenient. The most important enhancement is an extra seat in the rear of the vehicle, which enables passengers to ride along without occupying space in front of the driver or behind the driver.
Application Insights:
Racing application dominated the global market with a share of over 80.0% in 2017. The racing segment is expected to maintain its dominance over the forecast period due to various factors such as high participation rate among adults, rise in number of professional drivers, and increasing popularity among young population. Furthermore, many governments have made regulations for safety purposes and to keep roads safe from accidents causing injuries or death. This has increased the adoption of go-karts on roadways which is further driving the demand for adult go-karts globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding various motorsports, rising popularity of electric go-karts, and availability of well-maintained tracks. Europe is also estimated to witness a considerable growth rate over the coming years owing to increasing number of races and championships held on national as well as international levels.
Asia Pacific is anticipated to register significant growth over the next few years due for instance racing leagues such as Formula Asia Series (FAS), MRD Trophy Series etc.
Growth Factors:
- Increasing disposable income of the population: The adult go-kart market is expected to grow as the disposable income of the population increases. This is because people would be more inclined to spend on leisure activities such as go-karting.
- Growing popularity of motorsports: The popularity of motorsports is growing and this is attracting more people towards go-karting. This will help in driving growth for the adult go-kart market.
- Advent of new technologies: Advancements in technology are making it possible for manufacturers to come up with better and faster go-karts, thereby enticing more consumers to try out this activity. This will contribute significantly towards growth for the adult go-kart market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Adult Go-Karts Market Research Report
By Type
Gas Engine Karts, Electric Karts
By Application
Rental, Racing
By Companies
Sodikart, OTK Kart, Birel Art, RiMO GERMANY, Praga Kart, Explorerkart, CRG, OTL Kart, BIZ Karts, Kandi Technologies, Sodikart, TAL-KO Racing, Anderson-CSK, Margay Racing, Pole Position Raceway, Gillard, Bowman, Speed2Max
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Adult Go-Karts Market Report Segments:
The global Adult Go-Karts market is segmented on the basis of:
Types
Gas Engine Karts, Electric Karts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Rental, Racing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sodikart
- OTK Kart
- Birel Art
- RiMO GERMANY
- Praga Kart
- Explorerkart
- CRG
- OTL Kart
- BIZ Karts
- Kandi Technologies
- Sodikart
- TAL-KO Racing
- Anderson-CSK
- Margay Racing
- Pole Position Raceway
- Gillard
- Bowman
- Speed2Max
Highlights of The Adult Go-Karts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gas Engine Karts
- Electric Karts
- By Application:
- Rental
- Racing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Adult Go-Karts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Adult go-karts are karts that are designed for adults. They may have a higher power output and be faster than traditional karts.
Some of the major players in the adult go-karts market are Sodikart, OTK Kart, Birel Art, RiMO GERMANY, Praga Kart, Explorerkart, CRG, OTL Kart, BIZ Karts, Kandi Technologies, Sodikart, TAL-KO Racing, Anderson-CSK, Margay Racing, Pole Position Raceway, Gillard, Bowman, Speed2Max.
The adult go-karts market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Adult Go-Karts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Adult Go-Karts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Adult Go-Karts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Adult Go-Karts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Adult Go-Karts Market Size & Forecast, 2018-2028
4.5.1 Adult Go-Karts Market Size and Y-o-Y Growth
4.5.2 Adult Go-Karts Market Absolute $ Opportunity
Chapter 5 Global Adult Go-Karts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Adult Go-Karts Market Size Forecast by Type
5.2.1 Gas Engine Karts
5.2.2 Electric Karts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Adult Go-Karts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Adult Go-Karts Market Size Forecast by Applications
6.2.1 Rental
6.2.2 Racing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Adult Go-Karts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Adult Go-Karts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Adult Go-Karts Analysis and Forecast
9.1 Introduction
9.2 North America Adult Go-Karts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Adult Go-Karts Market Size Forecast by Type
9.6.1 Gas Engine Karts
9.6.2 Electric Karts
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Adult Go-Karts Market Size Forecast by Applications
9.10.1 Rental
9.10.2 Racing
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Adult Go-Karts Analysis and Forecast
10.1 Introduction
10.2 Europe Adult Go-Karts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Adult Go-Karts Market Size Forecast by Type
10.6.1 Gas Engine Karts
10.6.2 Electric Karts
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Adult Go-Karts Market Size Forecast by Applications
10.10.1 Rental
10.10.2 Racing
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Adult Go-Karts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Adult Go-Karts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Adult Go-Karts Market Size Forecast by Type
11.6.1 Gas Engine Karts
11.6.2 Electric Karts
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Adult Go-Karts Market Size Forecast by Applications
11.10.1 Rental
11.10.2 Racing
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Adult Go-Karts Analysis and Forecast
12.1 Introduction
12.2 Latin America Adult Go-Karts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Adult Go-Karts Market Size Forecast by Type
12.6.1 Gas Engine Karts
12.6.2 Electric Karts
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Adult Go-Karts Market Size Forecast by Applications
12.10.1 Rental
12.10.2 Racing
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Adult Go-Karts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Adult Go-Karts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Adult Go-Karts Market Size Forecast by Type
13.6.1 Gas Engine Karts
13.6.2 Electric Karts
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Adult Go-Karts Market Size Forecast by Applications
13.10.1 Rental
13.10.2 Racing
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Adult Go-Karts Market: Competitive Dashboard
14.2 Global Adult Go-Karts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sodikart
14.3.2 OTK Kart
14.3.3 Birel Art
14.3.4 RiMO GERMANY
14.3.5 Praga Kart
14.3.6 Explorerkart
14.3.7 CRG
14.3.8 OTL Kart
14.3.9 BIZ Karts
14.3.10 Kandi Technologies
14.3.11 Sodikart
14.3.12 TAL-KO Racing
14.3.13 Anderson-CSK
14.3.14 Margay Racing
14.3.15 Pole Position Raceway
14.3.16 Gillard
14.3.17 Bowman
14.3.18 Speed2Max
