Transportation Products & Services

Golf Carts: Market Size, Growth & Forecast to 2030

The Golf Carts market is valued at about $4.2 billion (2026) and is projected to grow at a 5.6% CAGR through 2030. The largest cost driver is Steel and aluminum structural framework (35% of spend). North America leads demand at 55%.

Market size
$4.20 bn (2026)
CAGR to 2030
+5.6%
Buyer power
Favours buyers
Tracked suppliers
15

Projected market growth to 2030

Market size index, 2026 = 100, at the 5.6% CAGR.

1311211101001002026105.62027111.52028117.82029124.42030131.32031

Cost structure

Steel and aluminum structural framework
35%
Batteries and power units
25%
Thermoplastics and composite body panels
15%
Motors and electronic components
15%
Manufacturing overhead and labor
10%

Regional demand split

North America demand
55%
Asia Pacific demand
20%
Europe demand
15%
Latin America demand
5%
Middle East & Africa demand
5%

Key suppliers

Club CarE-Z-GO (Textron Inc.)Yamaha Golf-Car Company
Read the full Golf Carts report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/golf-carts