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 steady momentum as electric golf carts continue to witness rising adoption across resorts, gated residential communities, and retirement villages. In these environments, quiet operation, low maintenance requirements, and eco-friendly mobility solutions are increasingly preferred over conventional fuel-powered alternatives. Advancements in lithium-ion battery technology are playing a crucial role in enhancing vehicle range, charging efficiency, performance, and overall lifecycle value, making electric golf carts more suitable for extended use and diverse operating conditions.

In addition, growing pressure from environmental regulations and sustainability initiatives is encouraging the transition toward zero-emission transport solutions. Governments and local authorities are increasingly promoting the use of electric vehicles to reduce carbon emissions, noise pollution, and dependence on fossil fuels. This regulatory support is further accelerating the adoption of electric golf carts across both recreational applications, such as golf courses, and utility-based use cases, including internal transportation within campuses, communities, and facilities.

Advancements in tourism infrastructure, electric drivetrain technologies, and multi-purpose cart configurations present significant growth opportunities for the market. These developments are supporting the expanding popularity of golf tourism in emerging economies and facilitating the broader adoption of electric utility carts across commercial campuses, airports, industrial parks, and large event venues. Manufacturers are increasingly offering customizable and multi-functional cart designs to meet varying operational requirements. However, limited charging infrastructure, particularly in less urbanized and rural areas, remains a key challenge, as it restricts broader deployment and adoption beyond well-developed regions with established electric vehicle support ecosystems.

Key Market Trends & Insights:

• The North America electric golf cart industry accounted for a global revenue share of 38.6% in 2024. This dominance is driven by a strong culture of recreational golfing, widespread adoption of electric vehicles within gated communities and resorts, and supportive regulatory initiatives that promote clean and sustainable mobility. The U.S. electric golf cart industry held a dominant position in 2024, supported by a well-established golf industry and high consumer awareness of electric mobility solutions.
• By propulsion, the battery electric vehicle (BEV) segment accounted for the largest market share of 68.3% in 2024, reflecting strong demand for fully electric, low-emission golf carts. BEVs are favored due to their lower operating costs, reduced maintenance, and alignment with sustainability goals. Meanwhile, the plug-in hybrid electric vehicle (PHEV) segment is expected to grow at the fastest CAGR from 2025 to 2033. This growth is driven by the need for extended driving range, the flexibility offered by dual power sources, reduced range anxiety compared to BEVs, and rising interest from golf resorts and fleet operators seeking transitional low-emission mobility solutions.
• By seating capacity, the 1 to 4-seater segment held the largest market share in 2024. This dominance is attributed to the rising preference for compact and energy-efficient vehicles, increasing adoption in residential communities and resorts, the growing popularity of recreational golf, and strong demand for personalized mobility solutions. In contrast, the 5-seater and above segment is expected to grow at a significant CAGR during the forecast period, supported by rising demand for group transportation, shuttle services, and utility applications in commercial and tourism environments.
• By application, the golf course segment dominated the market in 2024, reflecting the core use of electric golf carts for player transportation and course operations. However, the commercial use segment is expected to register a notable CAGR from 2025 to 2033, driven by increasing deployment in airports, hotels, educational campuses, industrial facilities, and large-scale event venues where efficient, low-emission internal mobility solutions are required.

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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 electric golf cart market include CLUB CAR, Textron Specialized Vehicles Inc., Yamaha Motor Co., Ltd., and Skyy Rider Electric. These companies are focused on expanding product portfolios, enhancing battery and drivetrain technologies, and strengthening distribution networks to maintain a competitive position in the market.

• Founded in 1958 and headquartered in Evans, Georgia, United States, Club Car specializes in the design and manufacture of zero-emission mobility vehicles, including battery electric vehicles (BEVs) and utility carts tailored for golf courses, commercial fleets, and personal transportation. The company offers a wide range of products across two-seater, four-seater, and multi-passenger configurations. Additionally, Club Car provides advanced fleet management systems, connectivity solutions, and lithium-ion battery technologies to improve operational efficiency, vehicle monitoring, and user experience across sports, commercial, and leisure applications.
• Founded in 1955 and headquartered in Iwata, Shizuoka, Japan, Yamaha Motor Co., Ltd. is a prominent global manufacturer of electric golf carts, motorcycles, and mobility solutions. Yamaha’s electric golf carts are widely adopted across golf courses, resorts, and gated communities, particularly in Japan, North America, and Southeast Asia. The company integrates advanced battery technologies such as lithium iron phosphate (LFP), smart drive systems, and energy-efficient AC motors into its products. Leveraging more than five decades of experience in golf mobility solutions, Yamaha continues to expand its global footprint while aligning its offerings with green mobility initiatives and the evolution of smart transportation systems.

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Conclusion:

In conclusion, the global electric golf cart market is experiencing steady growth, supported by increasing adoption in golf courses, resorts, gated communities, and commercial facilities. Advancements in lithium-ion battery technology and electric drivetrains are enhancing performance, range, and operational efficiency, making electric carts suitable for a wider range of applications. North America continues to lead the market due to strong golfing culture and supportive clean mobility initiatives, while emerging economies present new growth opportunities through expanding tourism infrastructure. Although limited charging infrastructure remains a challenge in less developed regions, rising environmental regulations and demand for zero-emission mobility solutions are expected to drive continued market expansion. Overall, ongoing product innovation and diversification into commercial applications will sustain positive market momentum through the forecast period.