Market Overview:
The global commercial go karts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for recreational activities and the rising popularity of go-karting as a sport. In addition, the growing number of amusement parks and theme parks is also contributing to the growth of this market. The electric type segment is expected to dominate the global commercial go karts market during the forecast period, owing to its low maintenance cost and environment-friendly nature.
Product Definition:
A commercial go kart is a type of go kart that is used for business purposes. This type of go kart can be used for racing, track rentals, or amusement parks.
Electric Type:
Electric type is a power-driven vehicle with an electric drive train and it's different from hybrid or gas powered vehicles. The growth factor in the commercial go karts market is increasing day by day due to technological advancement, innovation in the product and cost effective nature of this vehicle which makes it more popular among children above 8 years of age.
The demand for electric type vehicles has increased because they are convenient, eco-friendly and safe at the same time.
Gasoline Type:
Gasoline type is the fuel that is used in the engine of go karts. It plays a major role in providing power to drive vehicles. The different types of gasoline are used for different applications as they have various properties such as octane rating and viscosity.
Application Insights:
Racing was the dominant segment in the global commercial go karts market and accounted for more than 70.0% share of the total revenue in 2017. The racing circuit is a permanent track with a defined length that is designed and constructed for competition purposes only. Most racing circuits are based on public roads or dirt tracks, which have been modified to allow competitive vehicles to drive without causing damage or destroying the surface over which they race.
The recreation segment is expected to witness significant growth over the forecast period owing to increasing participation levels of adults and old-age people in outdoor sports activities such as skiing, snowboarding, surfing etc., especially across European countries including France, Italy, Switzerland etc., where there are numerous ski resorts having artificial slopes installed for providing skiing experience to both beginners as well as expert skiers who can practice their skills safely at an affordable cost by using electric go karts.
Regional Analysis:
North America dominated the global commercial go karts market in 2017. The region is expected to witness a considerable growth rate of over 5% from 2018 to 2030. This can be attributed to increasing awareness regarding road safety and presence of established manufacturers in the region. Moreover, presence of major racing series such as Formula E and IndyCar Series will boost product demand further. Europe is also estimated to hold a significant share owing to growing popularity for various motorsports across the region including rally racing, drag racing, circuit racing, autocross etc., which will drive product demand during the forecast period.
Growth Factors:
- Increasing demand for commercial go-karts from amusement parks, resorts, and tourist destinations
- Rising popularity of go-karting as a recreational activity among the youth population
- Growing demand for electric go-karts owing to their eco-friendly features
- Proliferation of indoor karting facilities that offer year-round entertainment opportunities
- Introduction of advanced safety features in commercial go-karts
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Go Karts Market Research Report
By Type
Electric Type, Gasoline Type
By Application
Racing, Recreation
By Companies
Sodikart, OTK Kart, Birel Art, RiMO GERMANY, Praga Kart, Explorerkart, CRG, OTL Kart, BIZ Karts, Kandi Technologies, Alpha Karting, 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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Go Karts Market Report Segments:
The global Commercial Go Karts market is segmented on the basis of:
Types
Electric Type, Gasoline Type
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
Racing, Recreation
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
- Alpha Karting
- TAL-KO Racing
- Anderson-CSK
- Margay Racing
- Pole Position Raceway
- Gillard
- Bowman
- Speed2Max
Highlights of The Commercial 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:
- Electric Type
- Gasoline Type
- By Application:
- Racing
- Recreation
- 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 Commercial 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.
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- Correctly Positioning New Products
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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?
Commercial go karts are typically smaller, more agile vehicles that are used for recreation or racing. They often have a lower center of gravity and a higher top speed than traditional race cars, making them easier to control on the track.
Some of the major companies in the commercial go karts market are Sodikart, OTK Kart, Birel Art, RiMO GERMANY, Praga Kart, Explorerkart, CRG, OTL Kart, BIZ Karts, Kandi Technologies, Alpha Karting, TAL-KO Racing, Anderson-CSK, Margay Racing, Pole Position Raceway, Gillard, Bowman, Speed2Max.
The commercial 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 Commercial 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 Commercial Go Karts Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Commercial 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 Commercial 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 Commercial Go Karts Market Size & Forecast, 2018-2028 4.5.1 Commercial Go Karts Market Size and Y-o-Y Growth 4.5.2 Commercial Go Karts Market Absolute $ Opportunity
Chapter 5 Global Commercial 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 Commercial Go Karts Market Size Forecast by Type
5.2.1 Electric Type
5.2.2 Gasoline Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial 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 Commercial Go Karts Market Size Forecast by Applications
6.2.1 Racing
6.2.2 Recreation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial 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 Commercial 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 Commercial Go Karts Analysis and Forecast
9.1 Introduction
9.2 North America Commercial 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 Commercial Go Karts Market Size Forecast by Type
9.6.1 Electric Type
9.6.2 Gasoline Type
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 Commercial Go Karts Market Size Forecast by Applications
9.10.1 Racing
9.10.2 Recreation
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 Commercial Go Karts Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial 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 Commercial Go Karts Market Size Forecast by Type
10.6.1 Electric Type
10.6.2 Gasoline Type
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 Commercial Go Karts Market Size Forecast by Applications
10.10.1 Racing
10.10.2 Recreation
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 Commercial Go Karts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial 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 Commercial Go Karts Market Size Forecast by Type
11.6.1 Electric Type
11.6.2 Gasoline Type
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 Commercial Go Karts Market Size Forecast by Applications
11.10.1 Racing
11.10.2 Recreation
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 Commercial Go Karts Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial 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 Commercial Go Karts Market Size Forecast by Type
12.6.1 Electric Type
12.6.2 Gasoline Type
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 Commercial Go Karts Market Size Forecast by Applications
12.10.1 Racing
12.10.2 Recreation
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) Commercial Go Karts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial 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) Commercial Go Karts Market Size Forecast by Type
13.6.1 Electric Type
13.6.2 Gasoline Type
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) Commercial Go Karts Market Size Forecast by Applications
13.10.1 Racing
13.10.2 Recreation
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 Commercial Go Karts Market: Competitive Dashboard
14.2 Global Commercial 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 Alpha Karting
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