Press release
Karting Market Outlook: Post Covid Investors eye bigger-than-expected
Karting Market
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Summary
Global Karting Market is valued approximately USD XXX Billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. Karting is a type of open-wheel car. Go-karts are available in all shapes and forms, from motor less fashions to high-powered racing machines. a few, consisting of Super karts, can beat racing cars or bikes on long circuits. The outbreak of COVID-19 and its ensuing outcomes such as border lockdowns, shutdowns, travel bans have started out to effect groups across diverse industries. The go-karts marketplace is anticipated to have a medium effect owing to the disruptions in the worldwide supply chains. Benefits such as less maintenance cost, pollution-free, optimum performance, minimum drag loss, consistent power, and less torque fluctuation are the factors attaining the popularity of go-carts among teenagers. Consumers are willing to spend more time and money on leisure and sport has triggered the growth of the electric karting market. Therefore, rising disposable income of people across the developed and emerging economies are the factors accelerating the growth of market over the forecast years. For instance: According to the government of India 2019, the per capita income in 2018 was stood at USD 134.18 and expected to increase with 10% till 2019 that is USD 147.54. Also, according to the United States Census Bureau, the median per capita income of US in 2017 was USD 31,982 and increase to USD 33,706 till 2018. In addition, stringent regulations of government regarding carbon emission and pollution control are the factors driving the growth of karting market over the forecast years. However, recession in developed countries and less distance range covered by karting are the factors hampering the growth of market.
The regional analysis of global Karting market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid growth in disposable income of people in the economy. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as stringent regulation regarding carbon emission and rapid growth in industrialization are the factors would create lucrative growth prospects for the Karting market across Asia-Pacific region.
Major market player included in this report are:
Sodikart
Praga Kart
OTK Kart
RiMO Go Karts
Birel Art
Shenzhen Explorerkart
OTL Kart
Bizkarts
Kandi Technologies
Alpha Karting
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Outdoor Karting
Indoor Karting
By Application:
Rental
Racing
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017, 2018
Base year - 2019
Forecast period - 2020 to 2026
Target Audience of the Global Karting Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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TABLE OF CONTENTS
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Karting Market, by Region, 2018-2026 (USD Billion)
1.2.2. Karting Market, by Type, 2018-2026 (USD Billion)
1.2.3. Karting Market, by Application, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Karting Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Karting Market Dynamics
3.1. Karting Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Karting Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Karting Market, by Type
5.1. Market Snapshot
5.2. Global Karting Market by Type, Performance - Potential Analysis
5.3. Global Karting Market Estimates & Forecasts by Type 2016-2026 (USD Billion)
5.4. Karting Market, Sub Segment Analysis
5.4.1. Outdoor Karting
5.4.2. Indoor Karting
Chapter 6. Global Karting Market, by Application
6.1. Market Snapshot
6.2. Global Karting Market by Application, Performance - Potential Analysis
6.3. Global Karting Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
6.4. Karting Market, Sub Segment
....Continued
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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".
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