Electric Golf Cart Market Size - By Battery, By Seating Capacity, By Application, Analysis Share, Growth Forecast, 2025 - 2034

Electric Golf Cart Market Size

The global electric golf cart market was valued at USD 1.7 billion in 2024 and is projected to grow at a CAGR of 8.7% between 2025 and 2034.
 

The growing interest in low-speed electric vehicles (LSV) is driving usage in resort and gated communities, entire industrial and commercial campuses, and even shipping ports. Due to its operational simplicity and energy-efficiency, these eco vehicles serve as a sustainable solution for short distance travel. LSVs and other advanced compact personal mobility devices are eagerly sought out by both recreational clients and commercial professionals, which is in turn increasing their adoption.
 

Massimo Group’s latest offering of MVR Series electric carts including the MVR 2X Golf Cart and MVR Cargo Max Utility Cart demonstrate this best. These non-emissive vehicles are a part of Massimo’s new venture into recreational and professional electric LSVs marked by sophisticated features characteristic of their emerging low emission utility vehicles market.
 

Fleet programs have been crucial to driving adoption of compact electric vehicles in the commercial, hospitality, and industrial sectors. These become useful for businesses and supportive of optimal operational productivity, fuel, maintenance costs, and eco-friendly goals. Sustainability fleet services have perfectly tailored these programs for organizations controlling large private or public campuses propelling their usage across the private and public sectors.
 

As an example, in October 2024, MGI Golf launched its Short-Term Electric Caddy Fleets Program to aid golf courses during their overseeding and shoulder seasons. This allows clubs to ‘walk’ golfers while simultaneously helping with maintenance during these essential periods. Under this program, clubs may rent caddy fleets of MGI's Zip Navigator AT electric caddies for USD 660 with a minimum order of four units for an eight-week period. Under this arrangement, the rental cost is equivalent to USD 15 per round of golf played, or a little under USD 3 per day per unit.
 

Electric Golf Cart Market Trends

• To enhance their market reach and brand presence, manufacturers are now more vigorously pursuing strategic alliances with professional teams, sports leagues, and even golf clubs. These collaborations often take the form of event sponsorships, promotional caravans, exclusive supply contracts, or co-branded merchandise. Customers are able to acquire branded products through mechanisms that they are already patronizing, thus increasing brand affinity. These partnerships, besides expanding access to potential buyers, also enhance brand image as a trustworthy specialized professional partner in recreational and professional domain products.
   
• For example, In July 2024, Kandi America in partnership with Lowe’s released officially licensed NFL Team Edition golf carts branding them under a limited-edition collection for all 32 NFL teams. These celebratory electric golf carts are not only designed with team logos and color but engineered for the eco-conscious to relish driving on game days or cruising around town.
   
• Electric vehicle manufacturers are adding smart features like touchscreen control interfaces, diagnostics, GPS system navigation, and geofencing. These features address the needs and expectations of both the commercial and recreational markets concerning responsive, easy-to-use mobility systems. Enhanced user experiences stemming from the advancement of the management processes concerning supervision-directed tasks under the user’s control, alongside enhanced safety, fleet maintenance, and performance monitoring means the digitalization shift is a welcomed one.
   
• The adoption of tailoring customization and personalization features has increased as customers seek vehicles that align with their unique functional and styling criteria. Design options and functional modifications include everything from a color scheme to seating arrangements to the installation of lift kits and the addition of functional appliances. Customers have a myriad of use cases, from luxurious resort transportation to rugged industrial tasks, which incentivizes manufacturers to offer modular build options coupled with deluxe add-on accessory packs.
   

Electric Golf Cart Market Analysis

Based on battery, the electric golf cart market is lead-acid battery, lithium-ion battery, and others. In 2024, the lead-acid battery segment accounted for 60% of the market share and is expected to exceed USD 2 billion by 2034.
 

• Lead batteries still command the market due to their low price, reliability, and availability even during the emergence of newer technologies. Economical buyers also appreciate their performance, particularly in golfing and recreational activities. Their acceptance in some developing infrastructure or economically dominated regions that consider the cost-performance ratio, is sustained because of low capital outlay and ample service infrastructure.
   
• With the increasing requirements for battery lifespan, charging speed, and overall battery maintenance, the market for lithium-ion technology is growing at a high rate. Along with the higher construction costs and energy needs of these batteries, their lightweight design reduces the overall vehicle weight which is advantageous for fleet operations and modern applications. The adoption acceleration focuses on premium segments that emphasize sustainability, innovation, strong demand areas, and regions where initial costs, enhanced long-term value, and performance are valued, despite the higher price.
   
• For example, in March 2025, Yamaha Motor Co., Ltd. said that it would start selling the G30E and G31EP model electric five-seater golf carts in Japan from June 2025. These models come with advanced Vehicle Control Units (VCUs) as well as lithium-ion batteries developed by Yamaha. The proprietary batteries developed by the company utilize LFP (Lithium Iron Phosphate) materials which enhances the reliability and lifespan of the battery. Depending on the range and course requirements, customers can select from two capacity options: 4 kWh and 6 kWh.
   

Based on seating capacity, the electric golf cart market is divided into 2-seater, 4-seater, 6-seater, and others. The 2-seater segment held 41% of the market share in 2024.
 

• The 2 and 4 seat vehicles remain in high demand because of their flexibility like navigating gated communities as well for personal use. Such vehicles are ideal for short distances due to their optimal space and energy configuration. In addition, their low cost and ease of use make them appealing to recreational and small-scale commercial users looking for mobility solutions.
   
• Larger electric vehicles such as the 6 or 8 seated models are growing in popularity for commercial use in hospitality and tourism. These configurations offer efficient group transport for resorts, campuses and event venues. Operators are able to cut costs with reduced fleet size and lower cost per passenger, displaying increased demand in shared mobility solutions that focus on ease of use, capacity, and eco-friendliness in high traffic and service-oriented industries.
   
• As an illustration, in August 2024, the introduction of two electrical golf carts at Kedarnath. The primary objective of the project was to better the pilgrimage experience for the elderly, women, children, and physically challenged. The aim of the two electric carts is to transport pilgrims from the helicopter docking stations to the temple. Additionally, the golf carts, which are 5 lakh approximately, will also be utilized for the shuttle service from the hospital's emergency units to patients. The passengers that the carts are designed to serve can range from six to eight at a time. This undertaking was taken up by the ministry of civil aviation after the damages which were done due to the multiple disasters to the Sonprayag-Gaurikund trek route.
   

Based on application, the electric golf cart market is divided into golf course, personal/residential, and commercial & industrial. The golf course segment held 45% of the market share in 2024.
 

• The golf cart’s low and muffled noise, coupled with its emissions, makes it a staple in golf courses. Because it does not hinder gameplay and is also useful for maintenance staff, gulf vehicles are seamlessly integrated into these broad expanses of land. Its unwavering integration in golf courses shows how clubs have tailored to its continued legacy. This traditional yet stagnated market is enabled due to dedicated vehicles because of the enduring reliance claimed from clubs across the globe.
   
• There is a growing purpose for these vehicles in airports and factories too, as they are being considered for transportation security and logistic purposes. Businesses are now becoming eco-friendly and are making the switch to sustainable electric cart. Staff movement and equipment hauling at campuses and help event venues are facilitated with these vehicles nowadays permeable to aid in these goals. Because there is a huge focus on streamlining operations and increasing these alternatives, the vehicles become even more appealing with their reduced operating costs and adaptability.
   
• These electric golf carts have aided pilgrims in the Grand Mosque perform tawaaf around the Kaaba and walk between Safa and Marwa since March 2024. Motivation from the elderly and disabled wishing to perform Umrah during sacred rituals is why they were developed.
   

North America dominates the global electric golf cart market with a share of around 56% and U.S. leads the market in the region generating revenue of USD 778 million in 2024.
 

• Electric vehicles are becoming more popularly used outside of golf courses and are now being seen within retirement communities, gated areas, and coastal towns in the US. This is due to their ease of use as well as their low-speed design. Municipalities and homeowners are also contributing to this including more access to secondary roads as well as specific bicycle lanes.
   
• Changes in environmental policies and trade regulations within the US are affecting the decisions regarding technology and supply chains for electric vehicles. The increasing limits on battery disposal, coupled with incentives for domestic production and imports, are altering sourcing strategies and strengthening local assembly. The changes in policies are meant to boost policies aimed at enhancing battery servicing sustainability, redundancy of foreign components, and nurturing a more robust green economy in manufacturing within the Electric Mobility industry.
   
• As an example, on February 2025, Massimo Group declared that they were moving the MVR Golf Cart production to their plant in Garland, Texas. Relocation aims to improve the company’s US market position by strengthening quality control. Ensuring US assembly provides Massimo with greater control over production processes and will ease dealing with newer trade regulations and standards.
   

The electric golf cart market in Europe is expected to experience significant and promising growth from 2025 to 2034.
 

• In the UK, Germany, and France, away from individual transportation, Electric Vehicles (EVs) are increasingly adopted by hotels, tourist destinations, and even resorts that espouse low-emission transportation. These EVs are employed for guest mobility, luggage transportation, and even guided tours and sightseeing as travel courses are centered on sustainability after it was considered a new focus in Europe and is now the primary focus. Government support for eco-friendly tourism enhances this shift by integrating environmental goals with improving operational efficiency and visitor experience at the same time. 
   
• Intra city and institutional use of electric carts is rapidly growing in Europe, especially in large university campuses and even hospitals. In the UK, Germany, and France, they are utilized for maintenance, logistics, and even staff transport in regions where full-sized vehicles cannot be used. Compact electric vehicles are advantageous for medium to short distance, low impact travel due to strict emission control policies encountered at the urban level and the growing emphasis on power-efficient operation.
   

The electric golf cart market in Asia Pacific is expected to experience significant and promising growth from 2025 to 2034.
 

• Government policies in China, Japan, and India are rapidly enhancing the adoption of electric vehicles in both the public and private sectors. Their use is being encouraged in hospitality, industrial parks, and golf courses through subsidized payments, low-emission policies, and infrastructural development. This top-down support boosts the domestic supply of electric vehicles while fostering their use in urban and peri-urban areas.
   
• These vehicles are increasingly being used as internal transport solutions in newly developed luxury hospitality centers across the Asia Pacific. Electric carts are especially popular in gated estates, resorts, and large residential complexes in China and India due to their ease of use and low environmental impact. Cautious developers seeking to enhance their marketing appeal are opting for electric vehicles as part of their amenities in response to changing consumer attitudes towards sustainable lifestyles.
   

Electric Golf Cart Market Share

Top 7 companies leading the electric golf cart industry in 2024 are Yamaha, Club Car, EZ-GO, Guangdong Lvtong New Energy Electric Vehicle Technology, Marshell Green Power, Suzhou Eagle Electric Vehicle Manufacturing, and Garia. Together, they hold over 64% market share in the market.
 

• Yamaha leverages its decades-long engineering prowess by modular changing innovation, its innovation and in-house battery technology. Its strategic launches, such as the new five-seater models, aim to capture premium markets both domestically and internationally. The company simultaneously retains strong brand equity, an extensive dealer network, and strategic advantages within its broader portfolio of mobility and recreational vehicles.
   
• Club Car diversifies fleet solutions for non-golfer users, which helps the company consolidate its market position, along with telematics and energy-efficient systems. These are bolstered by active partnerships with educational and real estate institutions, while other-sponsored modification guarantees a competitive edge in ever-evolving mobility markets.
   
• Reliability and innovation in electric and hybrid vehicle technologies is a hallmark of EZ-GO, a Textron company. With a diverse catalog of products and robust after-sales service, its international competitiveness is enhanced. Backed by its parent company’s resources, EZ-GO is now expanding into industrial and campus mobility markets while simultaneously pledging adapting to sustainability and digital mobility advancements.
   
• Firms like Guangdong Lvtong, Marshell Green Power, and Suzhou Eagle are able to scale rapidly through their cost-effective production and international expansion strategies. As these firms customize their carts on an individual basis, they aggressively target new and emerging markets. These manufacturers are able to capture more market share in Asia, the Middle East, and parts of Africa and Europe due to their agile design coupled with competitive prices as well as ease of adaptation to global electrification trends.
   

Electric Golf Cart Market Companies

Major players operating in the electric golf cart industry are:

• Alke
• Alke
• Autopower
• Club Car
• EZ-GO
• Garia
• Guangdong Lvtong New Energy Electric Vehicle Technology
• HDK Electric Vehicle
• Marshell Green Power
• Suzhou Eagle Electric Vehicle Manufacturing
• Yamaha
   
• The firm has a high level of concentration, as a small number of firms have commanding sales shares in the world owing to strong distribution and brand loyalty. In the segment, Yamaha, Club Car, and EZ-GO are at the forefront because of their size, R&D, and vertical integration. They have distinct advantages over older and newer competitors due to a strong dealer network as well as servicing multi-use industries.
   
• Larger firms are able to consolidate to achieve stricter control of price, quality, and innovation. Major firms are spending heavily to preserve their market dominance by investing in sophisticated battery systems, smart technologies, and fleet control systems. Their market position is bolstered by strategic alliances, acquisitions, and global expansion which makes it difficult for smaller players to enter without regional or product focus.
   

Electric Golf Cart Industry News

• In January 2025, Club Car announced and showcased their new improvements for both golf and utility vehicles. One of the highlights is the new innovations for the Tempo Golf Car, the Next-Gen Tempo Golf Car. The new Tempo Golf Car also has a new feature: an Automatic Park Brake with StopSmart Technology, which locks at stopping with a smoother halting procedure that avoids hard stopping.
   
• In January 2024, WiTricity showcased a new manufacturer of electric golf cars and their wireless charging solutions during CES 2024. The company presented its wireless charging system called Halo designed specifically for golf carts and NEVs. Users no longer have to plug in chargers; they can just park and charge. The technology is now available in stores with ICON EV and E-Z-GO as their first franchise.
   
• In May 2023, Mansory, a well-known German custom vehicle manufacturer, alongside Garia, they set out to design a street-legal electric golf cart dedicated for luxury use. This high-end cart is equipped with a 10.24-kWh lithium-ion battery pack which provides over 80 kilometers (50 miles) of range per charge, combining sophisticated design with modern technology. The cart also contains 10.7-horsepower (8-kilowatt) motor, which is the most powerful to ever be placed in a production golf cart.
   

The electric golf cart market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Bn), and volume (Units) from 2021 to 2034, for the following segments:

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Market, By Battery

• Lead-Acid Battery
• Lithium-Ion Battery
• Others

Market, By Seating Capacity

• 2-seater
• 4-seater
• 6-seater
• Others

Market, By Application

• Golf course
• Personal/residential
• Commercial & industrial

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa