Market Overview:
The global gas engine 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 popularity of outdoor and indoor karting, rising disposable income, and growing demand for rental services. In terms of type, the outdoor segment is expected to dominate the global gas engine karts market during the forecast period. This can be attributed to factors such as increasing number of tourist destinations that offer outdoor karting tracks and growing popularity of extreme sports among consumers.
Product Definition:
A gas engine kart is a type of go-kart that uses gasoline as its power source. Gasoline engines are more powerful than electric ones and can provide more speed and torque. This makes them ideal for racing applications.
Outdoor Karting:
Outdoor karting is a form of racing where the competitors use off-road vehicles such as go-karts, motorbikes, or bicycles for racing. The sport has been gaining popularity over the past few years and it's no secret that kids from age group 8 to 14 are the major attraction for this outdoor sporting activity. According to a survey conducted by USA Today in 2012, more than 55 million people participated in outdoor sports during summer which includes karting.
Indoor Karting:
Indoor karting is a racing sport that involves driving small wheeled vehicles called karts around a race track. Indoor karting is similar to road racing, only the tracks are enclosed and the competitors cannot see what is going on outside of their vehicle. The sport was created in Europe and it gained popularity in North America during the late 1990s and early 2000s.
Application Insights:
Racing application dominated the global gas engine karts market in 2017. The racing segment is expected to maintain its dominance over the forecast period owing to various factors such as availability of different types of racing events, increasing government support for motorsports and rising popularity among youth. Racing applications dominate the global gas engine karting industry due to their high participation rates and preference for experienced drivers only.
The rental segment is expected to grow at a significant rate during the forecast period owing to increased disposable income among consumers, growing urbanization and changing lifestyle patterns. Growing demand for outdoor activities as well as indoor activities due largely growth in population along with changing consumer preferences will drive this segment over next seven years or so.
Regional Analysis:
North America dominated the global gas engine karts market in 2017. The region is expected to witness a growth rate of over 5% during the forecast period. Increasing popularity of outdoor and indoor karting as a leisure activity, growing number of race events, and increasing investment by manufacturers in R&D for developing new racing vehicles are some factors driving regional growth. Furthermore, presence of major players such as American Honda Motor Co., Inc.; Bombardier Recreational Products Inc.; Dorna Sports; Calsonic Kansei Corporation; and Panoz G-Kart LLC is also contributing towards industry development.
Asia Pacific is anticipated to be the fastest-growing region during the forecast period owing to increasing disposable income levels among middle class population groups in countries including China, India, Thailand Japan etcetera.), which has resulted into higher spending on recreational activities including motorsports such as gas engine powered kartsing races.
Growth Factors:
- Increasing demand for Gas Engine Karts from the automotive sector as a result of the increasing popularity of karting as a recreational activity.
- The growing number of karting tracks and clubs across the globe is also expected to fuel market growth over the forecast period.
- Rising disposable income levels among consumers is also anticipated to boost demand for Gas Engine Karts in the coming years.
- Technological advancements in Gas Engine Kart design and engineering are likely to propel market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Engine Karts Market Research Report
By Type
Outdoor Karting, Indoor Karting
By Application
Rental, Racing
By Companies
Sodikart, OTK Kart, Birel Art, RiMO GERMANY, Praga Kart, Explorerkart, CRG, BIZ Karts, Alpha Karting, TAL-KO Racing, Sodikart, Margay Racing, Gillard, Bowman
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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Gas Engine Karts Market Report Segments:
The global Gas Engine Karts market is segmented on the basis of:
Types
Outdoor Karting, Indoor Karting
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
- BIZ Karts
- Alpha Karting
- TAL-KO Racing
- Sodikart
- Margay Racing
- Gillard
- Bowman
Highlights of The Gas Engine 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:
- Outdoor Karting
- Indoor Karting
- 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 Gas Engine 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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?
Gas engine karts are typically small, lightweight vehicles that use gasoline or diesel engines to power them. They are designed for recreational use and can be used on a variety of tracks, including indoor and outdoor racing circuits.
Some of the major companies in the gas engine karts market are Sodikart, OTK Kart, Birel Art, RiMO GERMANY, Praga Kart, Explorerkart, CRG, BIZ Karts, Alpha Karting, TAL-KO Racing, Sodikart, Margay Racing, Gillard, Bowman.
The gas engine karts market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gas Engine 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 Gas Engine Karts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas Engine 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 Gas Engine 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 Gas Engine Karts Market Size & Forecast, 2018-2028
4.5.1 Gas Engine Karts Market Size and Y-o-Y Growth
4.5.2 Gas Engine Karts Market Absolute $ Opportunity
Chapter 5 Global Gas Engine 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 Gas Engine Karts Market Size Forecast by Type
5.2.1 Outdoor Karting
5.2.2 Indoor Karting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Gas Engine 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 Gas Engine Karts Market Size Forecast by Applications
6.2.1 Rental
6.2.2 Racing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas Engine 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 Gas Engine 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 Gas Engine Karts Analysis and Forecast
9.1 Introduction
9.2 North America Gas Engine 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 Gas Engine Karts Market Size Forecast by Type
9.6.1 Outdoor Karting
9.6.2 Indoor Karting
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 Gas Engine 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 Gas Engine Karts Analysis and Forecast
10.1 Introduction
10.2 Europe Gas Engine 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 Gas Engine Karts Market Size Forecast by Type
10.6.1 Outdoor Karting
10.6.2 Indoor Karting
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 Gas Engine 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 Gas Engine Karts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Gas Engine 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 Gas Engine Karts Market Size Forecast by Type
11.6.1 Outdoor Karting
11.6.2 Indoor Karting
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 Gas Engine 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 Gas Engine Karts Analysis and Forecast
12.1 Introduction
12.2 Latin America Gas Engine 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 Gas Engine Karts Market Size Forecast by Type
12.6.1 Outdoor Karting
12.6.2 Indoor Karting
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 Gas Engine 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) Gas Engine Karts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Gas Engine 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) Gas Engine Karts Market Size Forecast by Type
13.6.1 Outdoor Karting
13.6.2 Indoor Karting
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) Gas Engine 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 Gas Engine Karts Market: Competitive Dashboard
14.2 Global Gas Engine 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 BIZ Karts
14.3.9 Alpha Karting
14.3.10 TAL-KO Racing
14.3.11 Sodikart
14.3.12 Margay Racing
14.3.13 Gillard
14.3.14 Bowman
