Used Golf Cart Market Size - By Fuel (Gas, Electric, Solar-powered), By Application (Golf Course, Commercial Service, Personal Use), By Seating Capacity (2-seater, 2+2, 4+2) & Forecast 2023 – 2032

Used Golf Cart Market Size

Used Golf Cart Market size was valued at USD 845 million in 2022 and is anticipated to grow at 6% CAGR from 2023 to 2032. The proliferating tourism industry across Latin America and the MEA is boosting the product demand. The rising number of tourists is propelling the demand for golf carts to accommodate consumer needs. Used golf carts are also gaining traction as a transportation option in the tourism industry, providing affordable options for individuals, businesses, and even other golf courses seeking additional carts.
 

The emphasis on sustainability and reducing carbon footprints has also led to a rising interest in electric golf carts. Used electric golf carts are in high demand as they provide a greener alternative to gas-powered models. High maintenance & service costs associated with the product can hamper industry growth worldwide.
 

While used golf carts may offer a lower initial purchase price compared to new ones, buyers need to consider the ongoing maintenance & servicing expenses associated with a used vehicle. Golf carts typically use batteries for power and the battery lifespan can vary depending on the usage & maintenance. Expensive replacements are also required in the event of used golf cart batteries approaching the end of their life cycle. The prospect of having to invest in a new set of batteries can discourage buyers and limit used golf cart market demand.
 

COVID-19 Impact

Pandemic-induced lockdowns and restrictions have led to the temporary shutdown of many golf courses and recreational facilities. These measures led to a decrease in golf cart usage and subsequently reduced the demand for both new & used carts. The pandemic severely impacted the tourism & travel industry, thereby reducing tourist activities. For example, golf courses in popular tourist destinations experienced a decline in visitor numbers.
 

In addition to this, the pandemic also disrupted global supply chains including the availability of new golf carts, thus limiting the supply of both new & used carts in the market. Sellers faced challenges in acquiring inventory, leading to decreased buyer options. On the positive side, the pandemic highlighted the importance of outdoor activities and recreational pursuits. Golf, being an outdoor sport with built-in social distancing measures, witnessed rising interest during the pandemic. This resulted in the potential expansion of used golf cart market owing to rising individual participation.
 

Used Golf Cart Industry Trends

Electric golf carts are witnessing rising demand in both new & used markets. The emphasis on sustainability and environmental consciousness has driven the popularity of electric carts, which offer quieter operations and zero emissions along with generating lower maintenance costs in the long run. Additionally, the shift toward online sales and virtual marketplaces has also affected the industry development. Buyers are increasingly utilizing online platforms, classifieds, and specialized websites to browse & purchase used golf carts.
 

Used Golf Cart Market Analysis

The electric segment in used golf cart market is expected to register 7% growth rate during 2023-2032. Growing emphasis on sustainability and environmental consciousness is propelling the use of electric carts over gas-powered golf carts. Additionally, advancements in battery technology have led to improved performance, longer battery life, and reduced charging times, thereby making electric carts more practical and appealing. However, lower long-term operational costs including maintenance & fuel savings are also making electric carts an attractive option for buyers.
 

The personal use segment is projected to observe 7% between 2023 and 2032. The affordability of used golf carts compared to new ones makes them accessible to various individuals for personal use on private properties, campsites, or retirement communities. Furthermore, the versatility of golf carts allows for customization and adaptation to various personal needs such as gardening, hauling, or leisurely rides. All the above-mentioned factors are contributing to business expansion.
 

The North America used golf cart market captured significant share of 60% in 2022 and is poised to attain 6% gains till 2032. The region has a strong presence of golf courses and resorts, creating a consistent demand for golf carts. The growing popularity of recreational activities and outdoor lifestyles contributes to the increased demand for personal-use golf carts. The affordability of used carts makes them an attractive option for individuals and businesses looking to acquire additional vehicles. Also, the availability of a wide range of used golf carts along with online platforms facilitating easy access to inventory is fueling regional industry growth.
 

Used Golf Cart Market Share

Major companies operating in the used golf cart industry landscape include

• Golfbuggy
• Player Golf Car Inc.
• Club Car Inc.
• Winters Recreation
• ATV Traders
• Discovery Golf Cars
• Cart Gone Wild
• Ritchie Bros
• Palmetto Kustom Kartz
• Jeffrey Allen, Inc.
• Golf Cars of Beaumont
• Golf Cart Resource
• Harris Golf Cars
• Carolina Golf Cars
• CCE GOLF CARS
   

Used Golf Cart Industry Leaders

• In August 2022, Yamaha announced to sell its four wrecked & used golf cart models with starting bid amount of over USD 950.
   

This used golf cart market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Fuel

• Gas
• Electric
• Solar-powered

Market, By Application

• Golf Courses
• Commercial Services
• Personal Use

Market, By Seating Capacity

• 2-seater
• 2+2
• 4+2
• Others

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

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Philippines
  • Indonesia
  • Thailand
  • Australia
  • New Zealand
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa