Go Kart Market Overview: Market Size, Major Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global go kart market size is expected to grow from $106.1 billion in 2022 to $112.37 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The go-kart market is expected to reach $136.14 billion in 2027 at a CAGR of 4.9%.
What will drive the go kart market?
The increase in recreational activity is expected to propel the growth of the go-kart market going forward.
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Who are the major players in the market?
Major players in the go kart market are Yamaha Motor Co. Ltd., Briggs & Stratton LLC, Comer Industries, Lotus Cars Ltd., Sodikart S.A.S., Praga Co., Birel ART S.r.l., CRG S.p.A., The IAME.
Which trend is gaining popularity in the go kart market?
Product innovations are a key trend gaining popularity in the go-kart market. Major companies operating in the go-kart market are developing innovative products to sustain their position in the market.
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How is the go kart market segmented?
Global Go Kart Market Segments Include:
- By Type: Electric, Gasoline, Other Types
- By Seating Capacity: Single, Double Seater
- By Age Group: Kids, Teens, Adults
- By Application: Rental, Racing
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global go kart market in 2021.
The Go Kart Global Market Report 2023 provides an overview of the go kart market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The go kart market forecast analyzes go kart market size, go kart market share, leading competitor and their market positions.
A go-kart is a small, open-wheel, motorized vehicle designed for recreational or competitive racing. It typically features a lightweight frame, a low center of gravity, and a simple steering and braking system and is known for its compact size and maneuverability, making them popular for both children and adults.
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