South Korea Golf Cart Market Research Report By Application (Golf Course, Commercial Services, Others) and By Fuel Type (Gasoline Powered, ElectricSolar Powered)- Forecast to 2035

South Korea Golf Cart Market Overview:

As per MRFR analysis, the South Korea Golf Cart Market Size was estimated at 62.54 (USD Million) in 2024. The South Korea Golf Cart Market Industry is expected to grow from 65.7 (USD Million) in 2025 to 148.7 (USD Million) by 2035. The South Korea Golf Cart Market CAGR (growth rate) is expected to be around 7.708% during the forecast period (2025 - 2035).

Key South Korea Golf Cart Market Trends Highlighted

The South Korea Golf Cart Market is experiencing notable trends driven by factors such as an increase in golf participation and the popularity of golf as a leisure activity among various age groups. With the rising urban population and the growing focus on outdoor activities, more individuals are turning to golf, which fuels the demand for golf carts.

Additionally, the aging population in South Korea is influencing the need for convenient transportation within golf courses, as older players find golf carts more accessible compared to walking. The government is also promoting golf tourism by developing world-class golf facilities, encouraging both domestic and international players to engage in the sport, further solidifying the market's growth.

Opportunities are emerging in the South Korean market as companies explore electric and eco-friendly golf carts. The shift towards sustainable transportation is gaining traction, with players seeking to minimize their carbon footprint. The South Korean government is actively promoting environmental policies, which aligns with the growing preference for electric vehicles, making this a strategic opportunity for manufacturers to innovate and offer products that cater to this demand.

Furthermore, there has been a recent trend towards enhanced technology integration in golf carts. Features such as GPS systems, performance tracking, and smart connectivity are gaining popularity, appealing to tech-savvy golfers who prioritize interactive playing experiences.

The South Korean market is seeing a blend of modern technology with traditional golfing, which attracts younger audiences to the sport. As leisure activities continue to evolve in South Korea, the golf cart market is poised for growth by adapting to changing consumer preferences and leveraging technological advancements.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

South Korea Golf Cart Market Drivers

Increasing Demand for Golf Tourism in South Korea

The South Korea Golf Cart Market Industry is benefiting from a considerable rise in golf tourism, which is projected to grow significantly due to a surge in domestic and international visitors. The Korean Tourism Organization reported a 20% increase in golf-related tourism activities over the last three years, highlighting the popularity of golfing destinations such as Jeju Island and Yangsan City. The government initiatives to promote golf tourism, supported by both the Ministry of Culture, Sports and Tourism and local tourism boards, are providing favorable conditions for the growth of golf-related activities, thereby necessitating an increase in golf cart usage.

This trend, characterized by high visitor concentration in premium golf courses, contributes positively to the South Korea Golf Cart Market industry's expansion, encouraging golf course operators to invest in modern golf cart fleets to cater to the growing influx of tourists.

Government Investment in Sports Infrastructure

Significant investments by the South Korean government in sports infrastructure, particularly in golf course development, are propelling the South Korea Golf Cart Market Industry. The National Sports Promotion Act has earmarked substantial funding to upgrade and develop new golf courses across the country. This initiative aims not only at enhancing local sporting facilities but also at promoting a healthy sporting culture among the population. As new courses come online, the demand for golf carts is expected to rise correspondingly, considering that modern courses require efficient transportation solutions for players and staff.

The South Korean government’s commitment to invest in expanding sporting facilities is forecasted to yield a 15% increase in golf course numbers in the next decade, further driving the golf cart market.

Technological Advancements in Electric Golf Carts

The South Korea Golf Cart Market Industry is witnessing a remarkable shift towards electric golf carts, driven by advancements in battery technologies and green energy initiatives. With stricter environmental regulations in place, such as emission reduction targets set by the Ministry of Environment, there has been a marked increase in the adoption of electric-powered golf carts. As per the latest reports, 60% of new golf carts sold in South Korea are now electric, reflecting consumer preference for sustainable transport solutions.

These enhancements not only improve the user experience but also align with national policies that advocate for green energy and reduced carbon footprints, thus propelling the market toward a more sustainable future.

South Korea Golf Cart Market Segment Insights:

Golf Cart Market Application Insights

The South Korea Golf Cart Market, particularly focusing on its Application segment, demonstrates a robust landscape characterized by a diverse range of uses, primarily in Golf Courses, Commercial Services, and other applications. Golf Courses are a crucial aspect of this market, as they facilitate golf outings and enhance the overall player experience, impacting both customer satisfaction and the operational efficiency of the golf facilities. These venues have become significant contributors to the leisure landscape in South Korea, tied closely with the country’s cultural appreciation for golf and leisure sports.

The rising number of golf enthusiasts and continuously increasing investments in golf-related infrastructure further solidify the relevance of this segment within the broader market.

In addition, Commercial Services incorporate the use of golf carts in various business settings, including hotels, resorts, and large estates, reflecting a growing trend towards efficient transportation solutions in expansive properties. Their contribution to the hospitality industry cannot be understated, providing seamless transit options for guests while enhancing the atmosphere of luxury and convenience. This rise in adoption opens numerous opportunities for innovation and growth within the South Korea Golf Cart Market as service providers look to upgrade their offerings to improve customer experiences.

The Others category reflects additional, yet equally important, applications of golf carts, which include usage in community services, event management, and even municipal functions. These applications highlight the versatility of golf carts, showcasing their role beyond recreational purposes. As the demand for environmentally friendly transportation options grows, golf carts are increasingly recognized for their low emissions, aligning well with South Korea's initiatives toward sustainable development and green technologies.

Overall, these application areas illustrate the dynamic interplay of leisure, commercial efficiency, and sustainability within the South Korea Golf Cart Market, underpinning the importance of diversifying applications and driving innovations in this segment to meet evolving consumer expectations and market trends. With advancements in technology and design, the emphasis on sustainable practices continues to create unique opportunities for growth while addressing the challenges presented by urbanization and environmental conservation.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Golf Cart Market Fuel Type Insights

The South Korea Golf Cart Market has shown significant growth in the Fuel Type segmentation, which includes Gasoline Powered, Electric, and Solar Powered categories. Electric golf carts have gained popularity due to their eco-friendliness and the increasing demand for sustainable transportation modes within golf courses and communities. This aligns with South Korea's government initiatives aimed at reducing greenhouse gas emissions, thus promoting cleaner energy solutions. Gasoline Powered carts, while traditionally dominant, face challenges as regulatory pressures and fuel prices fluctuate, making electric alternatives more appealing.

Solar-powered golf carts represent a growing trend, offering a renewable solution that enhances energy independence. This segmentation reflects broader market trends focusing on sustainability and efficiency in the South Korean golf sector, addressing consumer preferences for environmentally responsible choices. With rising public interest in green technologies and the South Korean government's push towards a low-carbon economy, the significance of Electric and Solar Powered segments is expected to grow, driving innovation and investment in these areas.

Furthermore, the increasing development of charging infrastructure complements the growth trajectory of Electric and Solar-powered golf carts, thereby making a notable impact on the overall market dynamics.

South Korea Golf Cart Market Key Players and Competitive Insights:

The South Korea Golf Cart Market is characterized by a competitive landscape that reflects the growing popularity of golf as a recreational activity and sport within the country. With a rising number of golf courses and an increase in golf-related tourism, there has been a heightened demand for diverse and innovative golf carts suited for various terrains and user preferences. The market comprises a blend of domestic and international players, each vying for a share of the expanding market through strategic partnerships, technological advancements, and unique offerings. As the market matures, understanding the competitive dynamics, consumer preferences, and regulatory landscape becomes crucial for companies aiming to establish and maintain a solid foothold in this sector.

Polaris Industries is well-positioned in the South Korea Golf Cart Market, leveraging its known expertise in manufacturing high-quality off-road vehicles. The company benefits from a robust reputation for durability and performance, attributes that resonate well with South Korean consumers who seek reliable golf carts for both recreational and professional golfing needs.

Polaris Industries focuses on innovation with its golf cart designs, incorporating advanced technologies that enhance user comfort and safety on the golf course. The brand's strong distribution network in South Korea, coupled with effective marketing strategies, allows it to tap into the growing interest in golf, making it a formidable competitor in the market. Additionally, Polaris's commitment to sustainability and environmentally friendly practices further strengthens its image among eco-conscious consumers, giving it an advantage over competitors.

Garia has made significant strides in the South Korea Golf Cart Market, specializing in premium electric golf carts that emphasize luxury and advanced features. Known for their stylish designs and superior craftsmanship, Garia golf carts are positioned as high-end offerings for discerning customers who prioritize aesthetics alongside functionality. The company's key products include electric golf vehicles that integrate smart technology, catering to the modern golfer’s preferences.

Garia's presence in South Korea is marked by a focus on partnerships with upscale golf clubs and resorts, enhancing its visibility and market penetration. The company’s strengths lie in its innovative design philosophy and commitment to sustainability, appealing to a niche market segment interested in environmentally friendly solutions. Garia has crafted its reputation through strategic maneuvers in the form of collaborations and possible mergers with local entities, allowing it to navigate the local market nuances effectively, thus establishing itself as a respected entity within South Korea’s competitive golf cart landscape.

Key Companies in the South Korea Golf Cart Market Include:

• Polaris Industries


• Garia


• Jiangsu Kaida


• Hyundai Motor Company


• Ingersoll Rand


• Yamaha Motor Co


• EZGO


• Dongfeng Electric


• Club Car


• Chongqing Hengtong


• Hägglunds


• Runabout


• Cushman


• Kia Corporation


• Bradshaw Electric Vehicles

South Korea Golf Cart Market Industry Developments

In recent months, the South Korea Golf Cart Market has witnessed significant developments, particularly with several key players expanding their operations. Notably, Hyundai Motor Company has been enhancing its electric golf cart offerings, aligning with the country's push towards eco-friendly transport solutions. Meanwhile, Polaris Industries has reported growth in its electric vehicle segment, influenced by increasing demand for sustainable transportation options among golf enthusiasts. In January 2023, Garia enhanced its market presence by introducing new luxury golf carts tailored specifically for South Korean consumers, reflecting the rising trend in premium golf experiences.

Additionally, Jiangsu Kaida is accelerating production to meet the growing demand within the South Korean market, emphasizing technological advancements. Despite the competitive landscape, no major merger or acquisition activities have been reported among the specified companies in the past six months. Major happenings in the South Korean golf cart sector over the last few years include an increasing market valuation, with electric models gaining traction in 2022 due to heightened awareness of environmental sustainability. As the industry evolves, companies are likely to continue innovating in technology and design to capture the growing eco-conscious consumer base in South Korea.

Golf Cart Market Segmentation Insights

Golf Cart Market Application Outlook

• Golf Course


• Commercial Services


• Others

Golf Cart Market Fuel Type Outlook

• Gasoline Powered


• Electric Solar Powered

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	62.54 (USD Million)
MARKET SIZE 2024	65.7 (USD Million)
MARKET SIZE 2035	148.7 (USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	7.708% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	Polaris Industries, Garia, Jiangsu Kaida, Hyundai Motor Company, Ingersoll Rand, Yamaha Motor Co, EZGO, Dongfeng Electric, Club Car, Chongqing Hengtong, Hägglunds, Runabout, Cushman, Kia Corporation, Bradshaw Electric Vehicles
SEGMENTS COVERED	Application, Fuel Type
KEY MARKET OPPORTUNITIES	Rising golf participation rates, Expansion of golf courses, Increasing electric cart demand, Tourism growth in golf regions, Enhanced eco-friendly transportation solutions
KEY MARKET DYNAMICS	Rising golf popularity, Urbanization trends, Eco-friendly transportation demand, Technological advancements, Increasing disposable incomes
COUNTRIES COVERED	South Korea