Go Kart Market (Type: Electric Type, Gasoline Type, Petrol Type; Application: Indoor, Racing, Recreation, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2022

Introduction

A go-kart, also known as go-cart (a small racing car with a lightweight body), is a type of open-wheel car. Go-karts come in all forms and shapes, from high-powered racing machines to motorless models. Moreover, super karts are able to beat motorcycles or racing cars on long circuits. On the other hand, gravity racers usually referred to as soap box derby carts, are the simplest type of go-karts. They are boosted by gravity, with several races taking place down a single hill. Many recreational karts can be powered by electric motors or four-stroke engines, while racing karts use a two-stroke or, infrequently, superior powered four-stroke engines. Most of them are solo seater but several recreational models can accommodate a commuter. In some countries, go-karts can be licensed for use on public roads broadly known as street tracks. Typically there are some restrictions, e.g. in the European Union, a go-kart on the road needs head light (high/low beam), tail lights, indicators and a horn, and their power must not surpass 20 hp (15 kW). 

Global go kart market is expected to reach the market value of around $88 million by 2022 and is expected to grow at a CAGR of around 2.5% in terms of revenue during the period 2018 – 2022

Market Dynamics

Go-kart patrons can have fun both outdoors and indoors, which means businesses can operate 365 days a year. Additionally, go-kart racing is a leisure activity for families and individuals. As consumers spend more time on leisure and sports, demand for go-kart racing also increases consequently driving the go kart market. On the other hand, the go-kart industry is largely dependent on economic conditions. The industry witnessed a collapse during the recession and establishing a go-kart business needs clearance from local municipal authorities. They often set different norms to prevent noise pollution and activities that might bother to residential communities. For instance, New Jersey has severe laws that govern track characteristics. Certain municipal regulators in California allow racing tracks only. Authorities also might have ordinances that require protective barriers to split audience from the tracks. These factors could curb the growth of go kart market. With high disposable income, consumers are willing to spend more money on leisure activities such as go-kart races. In 2018, per capita disposable income is expected to increase, presenting a potential opportunity for this industry in near future.

Among all go kart types, gas type segment held major position in terms of market share. Increasing use of gas type go kart in several racing and entertainment activities has proved beneficial for this type. However, electric and petrol go kart segments are expected to display strong growth during the upcoming period.

Report coverage

The market research study on “Go Kart Market (Type: Electric Type, Gasoline Type, Petrol Type; Application: Indoor, Racing, Recreation, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2022” offers a detailed insights on the global go kart market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global go kart market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global go kart market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The go kart market analysis is provided for major regional markets including North America, China, Japan, Europe, India, and Southeast Asia followed by major countries. For each region, the market size and volume for different segments has been covered under the scope of report. The players profiled in the report include Carter Brothers, Roketa, Runmaster, Thunder Motorsports, BIZ Karts, Alpha Karting, Gillard, Barlotti, Bowman Automotive, Anderson Racing Karts, Margay Products Inc., PVP Karting Frame, Rotax, Tal-Ko, Bizkarts, American SportWorks, Baja Motorsports, and others.

The global go kart market is segmented as below:

Market Segmentation

Market By Type

• Electric Type
• Gasoline Type
• Petrol Type

Market By Application

• Indoor
• Racing
• Recreation
• Others

Market by Geography

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
• Rest of Asia-Pacific
  • Brazil
  • Chile
  • Rest of Latin America
  • Latin America

• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA