Market Overview:
The global outdoor karting 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 outdoor karting from professional racers and enthusiasts, and rising popularity of electric karts. North America is expected to lead the global outdoor karting market in terms of revenue, followed by Europe and Asia Pacific.
Product Definition:
Outdoor Karting is the sport or activity of driving small, open-top vehicles called karts. Outdoor Karting is a popular pastime for many people and can be enjoyed by all ages.
Petrol Karting:
Petrol karting is a racing sport involving the use of a motorized kart. The sport was originated in Europe and currently has many championships across the globe. It is also considered as one of the most popular motorsports in countries such as Belgium, Germany, Hungary, Italy and Spain.
The major factor responsible for its growing popularity is that it's affordable compared to other high-performance sports like road racing or circuit racing.
Electric Karting:
Electric karting is a new-age racing sport that blends the fun of driving with the competitiveness of video games. The electric karts have motorized seats, steering wheels, and acceleration control just like in real cars. However, unlike regular carts these vehicles are controlled by remote control using an electronic circuit board and software similar to gaming consoles such as X-Box or PlayStation.
The global outdoor karting market size was valued at USD 3.5 billion in 2016.
Application Insights:
The professional competition segment held the largest share of over 80.0% in 2017. The growth can be attributed to the increasing number of motorsports events including Formula One, MotoGP and WEC that are being hosted in various countries across the world. For instance, Malaysia hosts a number of racing events annually including Sepang International Circuit which is a permanent fixture on the Formula One calendar since 1999 and also played host to several MotoGP races between 2000 and 2010. Various other entertainment applications such as joyrides attract large crowds especially during holidays or weekends resulting in increased revenue generation for operators.
The entertainment application segment is expected to witness significant growth over the forecast period owing to extensive expansion plans by various operators globally including circuits such as Brands Hatch Indy which has been designed specifically for karting by Racelab Ltd., an engineering firm specialising in designing kart tracks worldwide with funding from GI Sporttec Corp.
Regional Analysis:
Europe dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well due to presence of major karting tracks, such as Circuit de Spa-Francorchamps and Nurburgring. Furthermore, increasing popularity of electric powered karts for family entertainment is projected to drive regional growth over the next eight years. Asia Pacific is anticipated to witness significant growth from 2018 to 2030 owing to increasing focus on adventure sports by millennials and young generation in countries such as China, Japan and India.
North America accounted for a significant share in 2017 owing both Petrol (track) & Electric (E-kart).
Growth Factors:
- Increasing demand for outdoor recreational activities
- Growing popularity of karting as a competitive sport
- Proliferation of karting tracks and clubs worldwide
- Advances in kart technology and safety features
- Rising disposable income among the global population
Scope Of The Report
Report Attributes
Report Details
Report Title
Outdoor Karting Market Research Report
By Type
Petrol Karting, Electric Karting
By Application
Professional Competition, Entertainment
By Companies
Sodikart, Praga Kart, OTK Kart, RiMO Go Karts, Birel Art, Shenzhen Explorerkart, OTL Kart, Bizkarts, CRG, Kandi Technologies, Alpha Karting, Anderson-CSK, Pole Position Raceway, Gillard, Goldenvale, TAL-KO Racing, Margay Racing, 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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Outdoor Karting Market Report Segments:
The global Outdoor Karting market is segmented on the basis of:
Types
Petrol Karting, Electric 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
Professional Competition, Entertainment
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
- Praga Kart
- OTK Kart
- RiMO Go Karts
- Birel Art
- Shenzhen Explorerkart
- OTL Kart
- Bizkarts
- CRG
- Kandi Technologies
- Alpha Karting
- Anderson-CSK
- Pole Position Raceway
- Gillard
- Goldenvale
- TAL-KO Racing
- Margay Racing
- Bowman
- Speed2Max
Highlights of The Outdoor Karting 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:
- Petrol Karting
- Electric Karting
- By Application:
- Professional Competition
- Entertainment
- 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 Outdoor Karting 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?
Outdoor Karting is a sport that involves racing around a track on karts.
Some of the major companies in the outdoor karting market are Sodikart, Praga Kart, OTK Kart, RiMO Go Karts, Birel Art, Shenzhen Explorerkart, OTL Kart, Bizkarts, CRG, Kandi Technologies, Alpha Karting, Anderson-CSK, Pole Position Raceway, Gillard, Goldenvale, TAL-KO Racing, Margay Racing, Bowman, Speed2Max.
The outdoor karting 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 Outdoor Karting 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 Outdoor Karting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Outdoor Karting 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 Outdoor Karting 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 Outdoor Karting Market Size & Forecast, 2020-2028
4.5.1 Outdoor Karting Market Size and Y-o-Y Growth
4.5.2 Outdoor Karting Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Petrol Karting
5.2.2 Electric Karting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Professional Competition
6.2.2 Entertainment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Outdoor Karting 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 Outdoor Karting 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Petrol Karting
9.6.2 Electric 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 Market Size Forecast by Applications
9.10.1 Professional Competition
9.10.2 Entertainment
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Petrol Karting
10.6.2 Electric 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 Market Size Forecast by Applications
10.10.1 Professional Competition
10.10.2 Entertainment
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Petrol Karting
11.6.2 Electric 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 Market Size Forecast by Applications
11.10.1 Professional Competition
11.10.2 Entertainment
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Petrol Karting
12.6.2 Electric 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 Market Size Forecast by Applications
12.10.1 Professional Competition
12.10.2 Entertainment
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Petrol Karting
13.6.2 Electric 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) Market Size Forecast by Applications
13.10.1 Professional Competition
13.10.2 Entertainment
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 Outdoor Karting Market: Competitive Dashboard
14.2 Global Outdoor Karting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sodikart
14.3.2 Praga Kart
14.3.3 OTK Kart
14.3.4 RiMO Go Karts
14.3.5 Birel Art
14.3.6 Shenzhen Explorerkart
14.3.7 OTL Kart
14.3.8 Bizkarts
14.3.9 CRG
14.3.10 Kandi Technologies
14.3.11 Alpha Karting
14.3.12 Anderson-CSK
14.3.13 Pole Position Raceway
14.3.14 Gillard
14.3.15 Goldenvale
14.3.16 TAL-KO Racing
14.3.17 Margay Racing
14.3.18 Bowman
14.3.19 Speed2Max
