Go Kart Market: Industry Analysis and Forecast 2021-2027: by Type, Application, Seating Capacity and Region.

Go Kart Market is anticipated to reach US$ 131.08 Bn. by 2027 from US$ 104.80 Bn. in 2020 at a CAGR of 3.8% during a forecast period. Go-kart is an open-wheel car, which is powerful to gain high speed in spite smaller in size & height. Demand for outdoor sporting activities as well as the growing trend to stay fit is expected to drive the demand for Go-kart racing. Region-wise, the European market of Go Kart held the highest share in 2020 and accounted for more than two-fifths of the global market. Go Kart MarketTo know about the Research Methodology :- Request Free Sample Report In report, 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Go Kart Market Dynamics

An increase in population along with rapid globalization & rise in purchasing power creates many opportunities for the global Go-kart market. The rise in demand for compact and maneuverable vehicles, which require small parking space and are efficient in operation is expected to boost the market of Go-kart during the forecast period. In addition, a growing number of racecourses & country clubs are propelling the market forward. The U.S. has around 15,332 racecourses, followed by other countries like Canada with 2,363 racing courses, Mexico with around 200, Brazil with 75, and Argentina with 319. According to iplayAmerica, more than 35 million U.S. individuals have participated in go-karting in 2020, which is expected to boost the growth of the market. Reduction in the cost of fuel cells & batteries with advancements in technology and better operations have increased the sales of Go-kart, which are powered by electricity. Hydrogen offers increased mileage as it is stored in high-pressure below vehicles while considering on-board storage of energy. Thus, 1 kg of hydrogen cell is capable of storing 236 times more energy when compared with the lithium-ion battery. This is expected to create ample opportunities for market players operating in the Go-kart market. Restraints: Regular maintenance of Go-karts like service brakes, rear axle, and batteries needs additional cost. Thus, high initial costs, as well as maintenance costs, are expected to hamper the growth of the market during the forecast period (2021-2027).

Go Kart Market Segmentation Analysis

By Type, the gasoline segment held the highest market share in 2020 and accounted for more than three-fourths of the total market share. Similarly, the electric segment is expected to register the highest CAGR of 6.3% during the forecast period (2021-2027). Go Kart Market by Type For example, BIZ Karts developed completely bespoke electric system in 2019. The GT uses the latest in Lithium technology to achieve a 74% battery capacity increase and at the same time reducing the battery weight by 23% over its prototype. By Application, the rental segment held the highest market share in 2020 and accounted for more than two-thirds of the global go-kart market. In addition, the racing segment is expected to register the fastest CAGR of 4.6% during the forecast period.

Go Kart Market Regional Insight

European market held the highest share in 2020 and accounted for more than two-fifths of the global market. Italy led the global go-kart market share in 2020. Germany is expected to grow at a significant pace during the forecast period, due to the increase in demand for smart vehicles. On the other hand, the LAMEA region is expected to register the highest CAGR of 6.2% during the forecast period. The objective of the report is to present a comprehensive analysis of the Go Kart Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Go Kart Market dynamics, structure by analyzing the market segments and project the Go Kart Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Go Kart Market make the report investor’s guide.

Go Kart Market Scope: Inquire before buying

Go Kart Market by Scope

Go Kart Market, by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Go Kart Market: Key Players

Anderson-CSKBirel ARTBIZ Karts • CRG • Margay Racing • OTL Kart • Praga Kart • RiMO Germany • Sodikart • TAL-KO Racing • Carter Brothers • Roketa • Kinroad Runmaster • Thunder Motorsports • Alpha Karting • Bowman Automotive • Gillard

Frequently Asked Questions

1. What is the projected market size & growth rate of Go Kart Market? Ans- Go Kart Market was valued at USD 104.80billion in 2020 and is projected to reach USD 131.08 billion by 2027, growing at a CAGR of 3.8 % during the forecast period. 2. What are the key driving factors for the growth of Go Kart Market? Ans- Demand for outdoor sporting activities as well as the growing trend to stay fit is expected to drive the demand for Go-kart racing. 3. Which Region accounted for the largest Go Kart Market share? Ans- European market held the highest share in 2020 and accounted for more than two-fifths of the global market. 4. What makes Germany a Lucrative Market for Go Kart Market? Ans- Germany is expected to grow at a significant pace during the forecast period, due to the increase in demand for smart vehicles. 5. What are the top players operating in Go Kart Market? Ans- Anderson-CSK, Birel ART, BIZ Karts, CRG, and Margay Racing.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Go Kart Market Size, by Market Value (US$ Bn) 3.1. Market Segmentation 3.2. Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Go Kart Market 3.4. Geographical Snapshot of the Go Kart Market, By Manufacturer share 4. Go Kart Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Go Kart Market 5. Supply Side and Demand Side Indicators 6. Go Kart Market Analysis and Forecast, 2020-2027 6.1. Go Kart Market Size & Y-o-Y Growth Analysis. 7. Go Kart Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 7.1.1. Electric 7.1.2. Gasoline 7.1.3. Others 7.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 7.2.1. Rental 7.2.2. Racing 7.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 7.3.1. Single 7.3.2. Double Seater 8. Go Kart Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Go Kart Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 9.1.1. Electric 9.1.2. Gasoline 9.1.3. Others 9.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 9.2.1. Rental 9.2.2. Racing 9.3. Market Size (Value) Estimates & Forecast By Seating Capacity,2020-2027 9.3.1. Single 9.3.2. Double Seater 10. North America Go Kart Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Go Kart Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 11.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 11.3. Market Size (Value) Estimates & Forecast By Seating Capacity,2020-2027 12. Canada Go Kart Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 12.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 12.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 13. Mexico Go Kart Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 13.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 13.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 14. Europe Go Kart Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 14.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 14.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 15. Europe Go Kart Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Go Kart Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 16.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 16.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 17. France Go Kart Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 17.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 17.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 18. Germany Go Kart Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 18.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 18.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 19. Italy Go Kart Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 19.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 19.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 20. Spain Go Kart Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 20.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 20.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 21. Sweden Go Kart Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 21.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 21.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 22. CIS Countries Go Kart Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 22.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 22.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 23. Rest of Europe Go Kart Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 23.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 23.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 24. Asia Pacific Go Kart Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 24.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 24.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 25. Asia Pacific Go Kart Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Go Kart Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 26.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 26.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 27. India Go Kart Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 27.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 27.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 28. Japan Go Kart Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 28.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 28.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 29. South Korea Go Kart Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 29.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 29.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 30. Australia Go Kart Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 30.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 30.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 31. ASEAN Go Kart Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 31.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 31.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 32. Rest of Asia Pacific Go Kart Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 32.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 32.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 33. Middle East Africa Go Kart Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 33.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 33.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 34. Middle East Africa Go Kart Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Go Kart Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 35.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 35.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 36. GCC Countries Go Kart Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 36.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 36.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 37. Egypt Go Kart Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 37.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 37.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 38. Nigeria Go Kart Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 38.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 38.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 39. Rest of ME&A Go Kart Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 39.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 39.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 40. South America Go Kart Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 40.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 40.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 41. South America Go Kart Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Go Kart Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 42.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 42.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 43. Argentina Go Kart Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 43.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 43.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 44. Rest of South America Go Kart Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 44.2. Market Size (Value) Estimates & Forecast By Application,2020-2027 44.3. Market Size (Value) Estimates & Forecast By Seating Capacity, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Go Kart Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Mishimoto 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Anderson-CSK 45.3.3. Birel ART 45.3.4. BIZ Karts 45.3.5. CRG 45.3.6. Margay Racing 45.3.7. OTL Kart 45.3.8. Praga Kart 45.3.9. RiMO Germany 45.3.10. Sodikart 45.3.11. TAL-KO Racing 46. Primary Key Insights

About This Report

Report ID 124634
Category Automotive and Transportation
Published Date Oct 2021
Updated Date
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