Electric Golf Cart Market Size, Share & Trends Analysis growing at a CAGR of 6.1% from 2025 to 2033

The global electric golf cart market size was estimated at USD 1.55 billion in 2024, and is projected to reach USD 2.58 billion by 2033, growing at a CAGR of 6.1% from 2025 to 2033. The market is gaining momentum, driven by the rising adoption of electric models in resorts, gated communities, and retirement villages, where quiet and eco-friendly mobility solutions are increasingly preferred.

Key Market Trends & Insights

  • The North America electric golf cart industry accounted for a global revenue share of 38.6% of the market in 2024.
  • The U.S. electric golf cart industry held a dominant position in 2024.
  • By propulsion, the battery electric vehicle (BEV) segment accounted for the largest share of 68.3% in 2024.
  • By seating capacity, the 1 to 4-seater segment held the largest market share in 2024.
  • By application, the golf course segment dominated the market in 2024.

Market Size & Forecast

  • 2024 Market Size: USD 1.55 Billion
  • 2033 Projected Market Size: USD 2.58 Billion
  • CAGR (2025-2033): 6.1%
  • North America: Largest market in 2024

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Advancements in lithium-ion battery technology are significantly enhancing vehicle range, performance, and lifecycle efficiency, making electric golf carts more viable for extended and varied applications. Also, growing pressure from environmental regulations is encouraging the shift toward zero-emission transport solutions, further accelerating market adoption across both recreational and utility-based use cases.

Advancements in tourism infrastructure, electric drivetrains, and multi-purpose cart configurations present significant opportunities to support the growing popularity of golf tourism in emerging economies and the broader adoption of electric utility carts across commercial campuses, airports, and event venues. However, limited charging infrastructure, especially in less urbanized or rural areas, poses a challenge to broader adoption, restricting deployment beyond well-developed regions.

The rising adoption of electric golf carts in resorts, gated communities, and retirement villages is being driven by the need for sustainable, low-noise, and user-friendly mobility solutions tailored for short-distance transportation. These environments increasingly prioritize comfort, environmental consciousness, and operational efficiency, making electric carts a preferred choice over traditional internal combustion options. The segment is further supported by growing investments in residential leisure infrastructure and private community developments. For instance, in November 2022, Neuron Energy introduced its Adler electric golf cart range, equipped with lithium-ion batteries, GPRS tracking, and remote assistance features. Designed for diverse applications including personal travel and leisure, the product is also positioned for export to international markets such as the Middle East. Such developments reflect the expanding scope and acceptance of electric carts in non-golf recreational and residential settings.

The shift toward high-capacity, fast-charging, and thermally stable battery systems is enabling longer operational hours, reduced downtime, and improved user convenience. These innovations are especially crucial in fleet applications where reliability and endurance are key. For instance, in March 2025, Trojan Battery launched the Lithium OnePack Extended Range, a 48V 171Ah battery designed for 6-8 passenger carts, enabling travel of up to 75 miles on a single charge. Similarly, in June 2024, CTECHI unveiled a 48V LiFePO4 battery with scalable capacity and advanced battery management features. Such developments underscore the growing technological maturity reshaping the electric golf cart segment.

Electric Golf Cart Market Report Scope

Report Attribute

Details

Market size value in 2025

USD 1.60 billion

Revenue Forecast in 2033

USD 2.58 billion

Growth Rate

CAGR of 6.1% from 2025 to 2033

Base year for estimation

2024

Historical data

2021 – 2023

Forecast period

2025 – 2033

Quantitative units

Revenue in USD million/billion and CAGR from 2025 to 2033

Report Coverage

Revenue forecast, company market share, competitive landscape, growth factors, and trends

Segments Covered

Propulsion, seating capacity, application, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Mexico; UK; Germany; France; China; India; Japan; Australia; South Korea; Brazil; UAE; Kingdom of Saudi Arabia (KSA); South Africa

Key companies profiled

CLUB CAR; Textron Specialized Vehicles Inc.; Yamaha Motor Co., Ltd.; Skyy Rider Electric; Berylline Corp; Evolution Electric Vehicles; HDK; Marshell; Star EV Corporation, USA; Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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