Press release
Go Kart Market Report 2023-2032: Market Size, Growth Drivers And Key Trends
Go Kart Market
The Business Research Company's Go Kart Global Market Report 2023 identifies increase in recreational activity as the major driver for the Go Kart market's growth in the forecast period. A recreational activity refers to an enjoyable and leisurely pursuit or pastime that individuals engage in for relaxation, entertainment, and personal satisfaction. Go-karts are commonly used in recreational activities as entertainment and leisure, providing an exciting and adrenaline-pumping experience for people of various ages and skill levels.
The global go-kart market 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The go-kart market is expected to reach $136.14 billion in 2027 at a CAGR of 4.9%.
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Major competitors in the Go Kart market 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, Tony Kart S.r.l.
A key trend in the Go Kart market includes product innovations. Major companies operating in the go-kart market are developing innovative products to sustain their position in the market. For instance, in June 2023, Razor LLC, a US-based electric vehicle manufacturing company, launched the Ground Force Elite electric go-kart. This innovative go-kart is designed for teens and adults and features several upgrades over the company's previous electric go-karts. It includes a 36-volt electric motor, a padded bucket seat, a forward and reverse drive switch, a hand-operated rear disc brake, and a maximum weight capacity. Overall, the Razor Ground Force Elite electric go-kart is an excellent option for teens and adults looking for a fun and exciting way to get around. It is easy to operate, safe, and has a long range.
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https://www.thebusinessresearchcompany.com/report/go-kart-global-market-report
The Go Kart market is segmented -
• By Type: Electric, Gasoline, Other Types
• By Seating Capacity: Single, Double Seater
• By Age Group: Kids, Teens, Adults
• By Application: Rental, Racing
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Go Kart market.
The Business Research Company's "Global Go Kart Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Go Kart Market Include:
1. Executive Summary
2. Go Kart Market Characteristics
3. Go Kart Market Trends And Strategies
4. Go Kart Market - Macro Economic Scenario
5. Global Go Kart Market Size and Growth
…………………………………………………………………..
32. Global Go Kart Market Competitive Benchmarking
33. Global Go Kart Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Go Kart Market
35. Go Kart Market Future Outlook and Potential Analysis
36. Appendix
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