Market Overview:
The global junior 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 karting tracks across the globe. Based on type, the global junior 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 junior go-karts market is divided into rental and racing segments.
Product Definition:
Junior go-karts are smaller, less powerful versions of traditional go-karts. They are designed for children and typically have a top speed of around 10 mph. Junior go-karts can provide a fun and safe way for children to learn how to drive and experience the excitement of racing.
Gas Engine Karts:
Gas engine karts, also known as gas-powered go-karts or motorized go-karts, are a type of vehicle that runs on the gasoline/fuel and has an engine installed. The main objective of this vehicle is to provide the user with high performance at a low cost.
The market for gas engine kart has witnessed significant growth in recent years due to increasing awareness among parents regarding safety issues.
Electric Karts:
Electric karts are motorized vehicles with two wheels and an open cockpit. They are designed to enable kids (and some adults) to experience the thrill of driving a car without any hassles of learning how to drive a manual vehicle. The basic models usually come with small motors that provide enough power for beginners, along with a lightweight chassis made from plastic or fiberglass for durability.
Application Insights:
Racing application dominated the global junior go-karts market in 2017, accounting for over 70% of the revenue share. The racing segment is expected to maintain its dominance over the forecast period owing to various factors such as extensive presence of motorsports stadiums and tracks, high safety standards set by governing bodies such as FIA and FIM, increasing government initiatives for promoting sports activities among youth along with a rise in disposable income among middle-class population.
The rental application segment is expected to witness significant growth during the forecast period due to increase in spending on entertainment at carnivals and circuses held across various countries worldwide. Furthermore, several companies are focusing on expanding their operations within Latin America where there has been an increased demand for rental karts after a decline in popularity of track day events which were popularized by YouTube videos driving home from work.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. This can be attributed to the presence of key players, technological advancements, and high disposable income among consumers in this region. Moreover, according to the World Bank Group, North America has one of the highest GDP per capita across various regions globally which enables people there to spend on leisure activities such as go-karting rather than on basic needs such as food and clothing.
Asia Pacific is anticipated to grow at a significant CAGR during the forecast period owing its increasing population and rising disposable income levels especially in developing countries like India and China among others due to growing industrialization coupled with government support for promoting sports activities including go-kart racing events in order for creating awareness about road safety thus reducing fatalities rates related accidents thereby supporting market growth over next eight years or so till 2030 AD (as indicated).
Growth Factors:
- Increasing demand for leisure and entertainment activities among the youth population.
- Rising disposable income of the middle-class families, which enables them to spend on recreational activities.
- Proliferation of go-karting tracks across different geographies, which makes the sport more accessible to a larger audience base.
- Growing popularity of motorsports as a spectator sport, which is attracting more people towards go-karting as well.
Scope Of The Report
Report Attributes
Report Details
Report Title
Junior 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
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Junior Go-Karts Market Report Segments:
The global Junior 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
Highlights of The Junior 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 Junior 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?
Junior Go-Karts is a go-kart racing game for children. It is available on the App Store and Google Play.
Some of the major players in the junior go-karts market are Sodikart, OTK Kart, Birel Art, RiMO GERMANY, Praga Kart, Explorerkart, CRG, OTL Kart, BIZ Karts, Kandi Technologies, Sodikart.
The junior go-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 Junior 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 Junior Go-Karts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Junior 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 Junior 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 Junior Go-Karts Market Size & Forecast, 2018-2028
4.5.1 Junior Go-Karts Market Size and Y-o-Y Growth
4.5.2 Junior Go-Karts Market Absolute $ Opportunity
Chapter 5 Global Junior 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 Junior 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 Junior 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 Junior 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 Junior 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 Junior 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 Junior Go-Karts Analysis and Forecast
9.1 Introduction
9.2 North America Junior 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 Junior 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 Junior 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 Junior Go-Karts Analysis and Forecast
10.1 Introduction
10.2 Europe Junior 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 Junior 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 Junior 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 Junior Go-Karts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Junior 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 Junior 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 Junior 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 Junior Go-Karts Analysis and Forecast
12.1 Introduction
12.2 Latin America Junior 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 Junior 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 Junior 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) Junior Go-Karts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Junior 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) Junior 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) Junior 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 Junior Go-Karts Market: Competitive Dashboard
14.2 Global Junior 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
