Market Overview:
The global recreational go-kart 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 disposable income, growing popularity of outdoor activities, and rising demand for electric vehicles. In terms of type, the outdoor go-kart segment is expected to dominate the market during the forecast period owing to its easy availability and lower price point as compared to indoor go-karts. In terms of application, adult use is expected to be a key segment during the forecast period owing to increasing popularity of leisure activities among adults.
Product Definition:
A Recreational Go-Kart is a small, four-wheeled vehicle that is used for racing or recreational purposes. These vehicles are typically powered by gasoline or electric motors, and can reach speeds of up to 50 miles per hour. Recreational go-karts are popular among young drivers and adults alike, and can provide hours of entertainment on race tracks or back roads.
Outdoor Go-Kart:
Outdoor go-kart is a motorized vehicle designed for outdoor recreational use. It has seating for up to 4 individuals and is commonly used to commute within a city or nearby towns. The market size of the global outdoor go-kart industry was valued at USD 3,59,400 in 2016 and it's expected to grow at an estimated CAGR of XX% from 2017 - 2018 period.
Indoor Go-Kart:
Indoor go-kart is a small vehicle with two wheels and an engine. It has a seating capacity for one person. The go-kart can be used in indoor as well as outdoor areas. Indoor go-karts are smaller than the average size of a car, have higher speeds, and are capable to carrying more weight which makes it more suitable for use in the market for recreational go-karts.
Application Insights:
The child use segment held the largest share of over 70.0% in 2017. The increasing number of children's hospitals and playgrounds across the globe is expected to be a key factor for market growth in this segment. Moreover, governments are taking initiatives to build go-kart tracks at sports complexes and playgrounds near schools so that students can have fun and learn about road safety at the same time.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding various leisure activities, presence of major manufacturers and racetracks, and rising popularity of outdoor recreational activities among individuals aged 18-30 years. Furthermore, according to a survey conducted by International Kart Federation (FKF), North America accounted for over 60% of total participants across all categories in 2016.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing disposable income levels and growing popularity of various racing games such as Mario Kart Wii U or Super Smash Bros., which are played using electronic controllers known as go-karts in countries like Japan or China. Moreover, government initiatives encouraging road infrastructure development coupled with favorable regulations aimed at promoting e-commerce may also contribute towards regional growth during the same period.
The European market was valued at USD X million in 2017 owing both indoor.
Growth Factors:
- Increasing demand for leisure and entertainment activities.
- Rising disposable income of consumers, especially in developing countries.
- Proliferation of karting tracks and clubs across the world.
- Growing popularity of motorsports among youngsters.
Scope Of The Report
Report Attributes
Report Details
Report Title
Recreational Go-Kart Market Research Report
By Type
Outdoor Go-Kart, Indoor Go-Kart
By Application
Adult Use, Child Use
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Recreational Go-Kart Market Report Segments:
The global Recreational Go-Kart market is segmented on the basis of:
Types
Outdoor Go-Kart, Indoor Go-Kart
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
Adult Use, Child Use
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 Recreational Go-Kart 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 Go-Kart
- Indoor Go-Kart
- By Application:
- Adult Use
- Child Use
- 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 Recreational Go-Kart 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:
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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?
Recreational go-karts are karts that are designed for recreational use, typically by individuals who do not compete in professional races. They may be powered by electric motors or gasoline engines, and may have a top speed of around 50 mph.
Some of the major players in the recreational go-kart 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 recreational go-kart 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 Recreational Go-Kart 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 Recreational Go-Kart Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Recreational Go-Kart 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 Recreational Go-Kart 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 Recreational Go-Kart Market Size & Forecast, 2018-2028
4.5.1 Recreational Go-Kart Market Size and Y-o-Y Growth
4.5.2 Recreational Go-Kart Market Absolute $ Opportunity
Chapter 5 Global Recreational Go-Kart 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 Recreational Go-Kart Market Size Forecast by Type
5.2.1 Outdoor Go-Kart
5.2.2 Indoor Go-Kart
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Recreational Go-Kart 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 Recreational Go-Kart Market Size Forecast by Applications
6.2.1 Adult Use
6.2.2 Child Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Recreational Go-Kart 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 Recreational Go-Kart 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 Recreational Go-Kart Analysis and Forecast
9.1 Introduction
9.2 North America Recreational Go-Kart 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 Recreational Go-Kart Market Size Forecast by Type
9.6.1 Outdoor Go-Kart
9.6.2 Indoor Go-Kart
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 Recreational Go-Kart Market Size Forecast by Applications
9.10.1 Adult Use
9.10.2 Child Use
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 Recreational Go-Kart Analysis and Forecast
10.1 Introduction
10.2 Europe Recreational Go-Kart 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 Recreational Go-Kart Market Size Forecast by Type
10.6.1 Outdoor Go-Kart
10.6.2 Indoor Go-Kart
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 Recreational Go-Kart Market Size Forecast by Applications
10.10.1 Adult Use
10.10.2 Child Use
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 Recreational Go-Kart Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Recreational Go-Kart 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 Recreational Go-Kart Market Size Forecast by Type
11.6.1 Outdoor Go-Kart
11.6.2 Indoor Go-Kart
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 Recreational Go-Kart Market Size Forecast by Applications
11.10.1 Adult Use
11.10.2 Child Use
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 Recreational Go-Kart Analysis and Forecast
12.1 Introduction
12.2 Latin America Recreational Go-Kart 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 Recreational Go-Kart Market Size Forecast by Type
12.6.1 Outdoor Go-Kart
12.6.2 Indoor Go-Kart
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 Recreational Go-Kart Market Size Forecast by Applications
12.10.1 Adult Use
12.10.2 Child Use
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) Recreational Go-Kart Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Recreational Go-Kart 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) Recreational Go-Kart Market Size Forecast by Type
13.6.1 Outdoor Go-Kart
13.6.2 Indoor Go-Kart
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) Recreational Go-Kart Market Size Forecast by Applications
13.10.1 Adult Use
13.10.2 Child Use
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 Recreational Go-Kart Market: Competitive Dashboard
14.2 Global Recreational Go-Kart 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
