The Go Kart Global Market Report 2023, provides comprehensive information on the go kart market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/go-kart-global-market-report
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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Product innovations are a key trend gaining popularity in the go-kart market. 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.
The go kart market is segmented:
1) By Type: Electric, Gasoline, Other Types
2) By Seating Capacity: Single, Double Seater
3) By Age Group: Kids, Teens, Adults
4) By Application: Rental, Racing
North America was the largest region in the go kart market in 2022.
The table of contents in TBRC’s go kart market report includes:
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
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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