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

Club Car, established in 1958 and headquartered in Evans, Georgia, United States, is a leading provider of zero-emission mobility solutions. The company specializes in the design and manufacture of battery electric vehicles (BEVs) and utility carts, catering to a wide range of applications including golf courses, personal transportation, and commercial fleets. Club Car offers an extensive lineup featuring two-seater, four-seater, and multi-passenger configurations. In addition, it provides integrated fleet management systems, smart connectivity tools, and lithium-ion battery technologies aimed at enhancing efficiency and user experience across sports, leisure, and industrial environments.

Yamaha Motor Co., Ltd., founded in 1955 and based in Iwata, Shizuoka, Japan, is a major player in the electric golf cart segment, alongside its broader portfolio of motorcycles and mobility solutions. Yamaha’s electric golf carts are extensively used in golf courses, resorts, and gated communities, particularly across Japan, North America, and Southeast Asia. The company incorporates advanced technologies such as lithium iron phosphate (LFP) batteries, energy-efficient AC motors, and intelligent drive systems into its vehicles. Backed by more than five decades of experience in golf mobility, Yamaha continues to grow its global presence, aligning closely with emerging trends in sustainable and smart transportation.

Key Players

• CLUB CAR
• Textron Specialized Vehicles Inc.
• Yamaha Motor Co., Ltd.
• Skyy Rider Electric
• Berylline Corp
• Evolution Electric Vehicles
• HDK
• Marshell
• Star EV Corporation, USA
• Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd.

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Conclusion

The electric golf cart market is experiencing substantial growth, driven by increasing adoption in diverse environments such as resorts and gated communities, where eco-friendly and quiet transportation is favored. Advancements in battery technology are enhancing vehicle performance and range. The market is also benefiting from favorable environmental regulations that promote zero-emission solutions. While limited charging infrastructure poses a challenge, new opportunities are emerging from the expanding use of electric utility carts in commercial settings beyond golf courses. North America currently holds a significant market share, with the Asia Pacific region showing strong potential for growth.