The global electric golf cart market was estimated at USD 1.55 billion in 2024 and is projected to reach USD 2.58 billion by 2033, expanding at a CAGR of 6.1% from 2025 to 2033. Market momentum is accelerating due to the growing use of electric golf carts in resorts, gated communities, and retirement villages—environments where quiet, low-emission mobility is highly valued.Progress in lithium-ion battery technology is playing a crucial role in improving range, performance, and operational life, making electric golf carts more practical for a wider array of applications. At the same time, increasing environmental regulations and sustainability targets are driving the shift toward zero-emission transportation, further fueling market adoption across both recreational and utility segments.
Key Market Insights:
North America accounted for 38.6% of global revenue in 2024, supported by a strong culture of recreational golfing, increasing adoption in gated communities and resorts, and favorable regulatory frameworks that promote clean transportation.
By propulsion type, the battery electric vehicle (BEV) segment dominated with a 68.3% share in 2024, propelled by rising eco-consciousness, enhanced battery efficiency, supportive government policies, and lower operational costs compared to internal combustion alternatives.
In terms of seating capacity, the 1 to 4 seater segment held the largest market share in 2024. This was driven by a growing preference for compact and energy-efficient vehicles, particularly in residential and leisure environments, alongside the rising popularity of recreational golf and demand for customizable mobility.
By application, the golf course segment led the market in 2024, attributed to the transition from gasoline-powered to electric models, increased focus on sustainable operations, a rise in golf participation, and ongoing efforts by golf clubs to modernize their fleets.
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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
Key Companies & Market Share Insights:
Some of the key players operating in the market include CLUB CAR, Textron Specialized Vehicles Inc., Yamaha Motor Co., Ltd., and Skyy Rider Electric.
Club Car, founded in 1958 in Evans, Georgia, designs zero-emission mobility solutions such as BEVs and utility carts for golf, commercial, and personal use. Its offerings include multi-passenger vehicles, fleet management systems, and lithium-ion battery tech to boost efficiency and user experience.
Yamaha Motor Co., Ltd., established in 1955 in Iwata, Japan, manufactures electric golf carts, motorcycles, and mobility solutions. Known for smart drive systems and LFP battery technology, Yamaha’s carts are popular across golf courses and resorts globally, supporting green and smart mobility initiatives.
Conclusion
The electric golf cart market is growing rapidly due to rising demand in resorts, gated communities, and commercial spaces. Advancements in battery tech and supportive green regulations are driving adoption. Despite limited charging infrastructure, regions like North America lead the market, while Asia Pacific shows strong growth potential.