The global go-kart market was valued at ~$104.5 million in 2020. The market is forecast to grow at a CAGR of ~3.5% during the forecast period from 2021-2027.

Go-karts are open-wheel cars or quadricycles that are both small and powerful enough to achieve high speed in a short time. The goal of the center is to provide young people with various sporting and recreational activities. There are a wide variety of go-karts, from motorless models to high-performance racing machines that have high-powered engines. Additionally, the desire to stay fit and the need to attend outdoor sporting events have both increased demand for Go-kart racing.  

Factors Affecting the Global Go Kart Market

• Many factors are driving the growth of the market, including population growth, globalization, increased purchasing power, the increase in racecourses & country clubs, and a preference for solar-powered go-karts.
• A low overall drive range and high initial maintenance and purchasing costs are the factors that hinder the growth of the market worldwide.
• In the near future, advancements in Go-kart technology and a drop-in fuel cell and battery prices are expected to create lucrative opportunities for market expansion across the globe.

Covid-19 Impact on the Global Go Kart Market

• Globally, the Covid-19 outbreak severely adversely affected the automotive industry, which, in turn, resulted in a decline in sales and insufficient raw materials.
• The automotive industry is experiencing difficulties including shutdowns of factory operations and government-mandated plant closures by small and big companies alike.
• Automotive companies are stepping up to deliver critical medical supplies by reorganizing their supply chains, production, and services.
• Due to the pandemic, many different players are trying to develop new ways to provide medical supplies, including utilizing the three-wheeler, as it offers affordable transportation and improved maneuverability.
• The loss of vehicle production is occurring, especially in South Asia, due to factory shutdowns and a lack of labor. In addition, if the lockdown is extended further, the loss of production is expected to increase.

Regional Analysis: The Global Go Kart Market

Among the world's leading go-karting markets, the United States dominates in terms of revenue due to its extensive go-karting track network. Additionally, the United States is the home of the world's leading manufacturers of go-karts, which is an additional advantage for the region. 

The go-kart market is second-largest in Europe, followed by emerging economies in Asia-Pacific, including India and China.

Key Players in the Global Go Kart Market

The prominent players in the global go-kart market are:

• Anderson-CSK
• Birel ART
• BIZ Karts
• CRG
• Margay Racing
• OTL Kart
• Praga Kart
• RiMO Germany
• Sodikart
• TAL-KO Racing
• Other Prominent Players

Aim of the Report: The Global Go Kart Market

The global go-kart market is segmented by Seating Capacity, Type, Application, and Region.  

Segmentation based on Seating Capacity

• Single
• Double Seater

Segmentation based on Type

• Electric
• Gasoline
• Others

Segmentation based on Application

• Rental
• Racing

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America