Market Overview:
The global go-cart 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 factors such as increasing demand for electric carts, rising popularity of go-kart racing, and growing number of rental services. Based on type, the global go-cart market can be segmented into gas engine carts and electric carts. The electric cart segment is expected to grow at a higher CAGR than the gas engine cart segment during the forecast period from 2018 to 2030. This growth can be attributed to increasing demand for environment-friendly vehicles and rising awareness about health benefits associated with using electric vehicles. Based on application, the global go-cart market can be divided into rental services and racing events/competitions.
Product Definition:
A go-cart is a small, open vehicle that is pushed or pulled along by a person, typically using two or four wheels.
Gas Engine Carts:
Gas engine carts are used to convert the energy from a stationary source into portable power. They are mainly used in go-cart racing events and other similar activities where participants need to transport fuel from one place to another. The carts can be either gasoline or diesel powered, however they must have an effective way of converting the fuel into energy.
The global gas engine cart market size was valued at USD 54 million in 2016.
Electric Carts:
Electric carts are motorized wheelchairs that are designed for use in grocery and retail stores, warehouses, hospitals, etc. They have a larger load capacity as compared to standard manual wheelchairs and can be used by people of all ages with no upper body strength requirement. The market is still in the growing phase; hence there is scope for improvement in the design of these electric carts.
Application Insights:
Rental application dominated the global go-cart market in 2017, accounting for over 60.0% share of the total revenue. The demand for rental go-carts is expected to witness significant growth owing to their low initial investment and operational costs as compared to that of racing equipment. Furthermore, increasing disposable income among consumers in developing countries including China and India is anticipated to further fuel the demand for rental products over the forecast period.
The racing segment is projected register a CAGR exceeding 11% from 2018 to 2030 on account of rising participation rates across various age groups especially among males in developed regions including North America and Europe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing popularity of outdoor recreational activities, such as motor racing and go-carting, among individuals belonging to all age groups in countries, such as U.S., Canada and Mexico. In addition, presence of major players in this region is also likely to contribute toward regional growth during the same period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising disposable income levels.
Europe has been witnessing steady growth since past few years on account of increased consumer spending on leisure goods including motorsports equipment & apparel amongst others which includes accessories like helmets etc.
Growth Factors:
- Increasing urbanization – as the world becomes more urban, there will be a corresponding increase in demand for convenient transportation options like go-carts.
- Rising income levels – as people's incomes rise, they will have more disposable income to spend on leisure activities like go-carting.
- Growing popularity of extreme sports – as the popularity of extreme sports continues to grow, so too will demand for go-carts and other similar vehicles.
- Advances in technology – with each new generation of technology, there are new opportunities for innovation in the go-cart market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Go-Cart Market Research Report
By Type
Gas Engine Carts, Electric Carts
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Go-Cart Market Report Segments:
The global Go-Cart market is segmented on the basis of:
Types
Gas Engine Carts, Electric Carts
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 Go-Cart 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 Carts
- Electric Carts
- 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 Go-Cart 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
- Channel & Customer Management
- 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?
A go-cart is a small, lightweight vehicle that is typically used for recreation or amusement. Go-carts are typically powered by an electric motor and can be pushed by either a single person or a group of people.
Some of the major companies in the go-cart 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 go-cart 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 Go-Cart 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 Go-Cart Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Go-Cart 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 Go-Cart 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 Go-Cart Market Size & Forecast, 2018-2028
4.5.1 Go-Cart Market Size and Y-o-Y Growth
4.5.2 Go-Cart Market Absolute $ Opportunity
Chapter 5 Global Go-Cart 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 Go-Cart Market Size Forecast by Type
5.2.1 Gas Engine Carts
5.2.2 Electric Carts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Go-Cart 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 Go-Cart Market Size Forecast by Applications
6.2.1 Rental
6.2.2 Racing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Go-Cart 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 Go-Cart 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 Go-Cart Analysis and Forecast
9.1 Introduction
9.2 North America Go-Cart 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 Go-Cart Market Size Forecast by Type
9.6.1 Gas Engine Carts
9.6.2 Electric Carts
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 Go-Cart 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 Go-Cart Analysis and Forecast
10.1 Introduction
10.2 Europe Go-Cart 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 Go-Cart Market Size Forecast by Type
10.6.1 Gas Engine Carts
10.6.2 Electric Carts
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 Go-Cart 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 Go-Cart Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Go-Cart 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 Go-Cart Market Size Forecast by Type
11.6.1 Gas Engine Carts
11.6.2 Electric Carts
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 Go-Cart 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 Go-Cart Analysis and Forecast
12.1 Introduction
12.2 Latin America Go-Cart 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 Go-Cart Market Size Forecast by Type
12.6.1 Gas Engine Carts
12.6.2 Electric Carts
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 Go-Cart 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) Go-Cart Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Go-Cart 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) Go-Cart Market Size Forecast by Type
13.6.1 Gas Engine Carts
13.6.2 Electric Carts
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) Go-Cart 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 Go-Cart Market: Competitive Dashboard
14.2 Global Go-Cart 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
