Pune, Maharashtra Dec 7, 2018 (Issuewire.com) - Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “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”, estimates that 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.
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Go-kart racing is a leisure activity for almost all age groups from individuals to families. Today, people spend more time on adventure sports and relaxation, thus raising the demand for go-kart racing. The go-kart business generally relies on financial conditions. The go-kart industry witnessed fall down during the downturn economic situations because people didn’t have money to spend on entertainment activities. Go-kart racing is an optional expense for people of a different sector. Consequently, downstream demand is dependent on the level of disposable income that each person earns. When disposable income is healthy, consumers are more willing to spend wealth on leisure activities such as go-kart races. In 2018, per capita income is projected to increase, presenting a potential opportunity for this industry in the near future.
Global go-kart market is segmented by type, application and geography. Based on different types, the market is segmented into electric type, gasoline type, and petrol type. Also, by application go kart is further bifurcated into Indoor, Racing, Recreation, Others. Based on geography market is further classified into North America, Europe, Asia-Pacific, LAMEA.
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Indoor Segment Held Largest Share In Go Kart Market
One of the key pros of an indoor segment in go-karting market is that it renders a climate-controlled racetrack. On a slick, indoor track, as compared to outdoor tracks are safer to drive in karting games, so it's comparatively less risky travelling at higher speeds. Moreover, indoor karts segment typically offer extra safety features compared to regular outdoor go-karting. Besides, indoor karting is open to all abilities and allows customers to get experience driving karts and get a foot in the door to improve further if one would like to. Also, indoor tracks are cheaper compared to outdoor tracks, particularly when you take into consideration the amount you save on travelling. This allows those who want to start getting involved in the karting scene to try it out and make sure they enjoy this sports experience. It also makes it suitable for family, friends, and corporate events who would like to go out for a fun day of karting. As a result, indoor go karting is more preferable by consumers and holds the prime market share globally.
Gas Type Go Karting is Driving The Market
A key Benefit that gas kart type has over electric type is that it can last for a long run whereas due to charging ability, electric kart runs for the specific time until the charging lasts, while gas karts simply require a fuel refill. On the other hand, this is something that will never affect one as a driver as they have plenty of karts to support this kind of situation. Moreover, factors such as responsive handling due to lighter weight, longer race life, stronger competition kart due to responsiveness and race life, cheaper maintenance, lower utility costs make gas kart one of the favourites among people consequently increasing the go-kart marking.
Regulatory Norms May Increase Capital Investment
For establishing a go-kart business, local municipal authority’s clearance is mandatory in many countries. Most of the local authorities have set severe norms related to noise pollution and activities that may disturb people residing in the surrounding area. For instance, precise regulations for governing track characteristics have been set in New Jersey, whereas California just allows racing tracks. Local authorities also might have regulations that necessitate protective barriers to separate spectators from the tracks. They also force certain regulations to safety gear for the drivers and go-karts. It is mandatory to make a special arrangement for gasoline storage, thus resulting in high capital expenditure and minimizing the returns and consequently curbing down the go-kart market growth.
Business Awareness For New Players
Setting up go-kart commerce is relatively straightforward, so plenty of new businesses popped up over the years following the recession due to the aspects such as go-kart manufacturing plant doesn’t require massive space. In addition, small businesses capture about two-thirds revenues of go-kart industry. Each of these companies usually possesses only one go-kart business. The financial outlay is also reasonable, and you can anticipate seeing returns in little time. One can set up operations near an already recognized recreational centre and capture lots of similar clients. Conversely, one might need to invest more capital since these locations are often costly. Consider locations where construction costs and lease are available at lower prices.
Some of the vital players operating in the global go-kart market, profiled in the report include Karter 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.
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Table of Content
Chapter 1. Industry Overview of Go Kart
1.1 Definition and Specifications of Go Kart
1.1.1 Definition of Go Kart
1.1.2 Specifications of Go Kart
1.2 Go Kart Segment by Types (Product Category)
1.2.1 Global Go Kart Production (K Units) and Growth Rate (%) Comparison by Types (2012-2022)
1.2.2 Global Go Kart Production Market Share (%) by Types in 2016
1.2.3 Electric Type
1.2.4 Gas Type
1.2.5 Petrol Type
1.3 Global Go Kart Segment by Applications
1.3.1 Global Go Kart Consumption (K Units) Comparison by Applications (2012-2022)
1.3.2 Indoor
1.3.3 Racing
1.3.4 Recreation
1.3.5 Others
1.4 Global Go Kart Market by Regions (2012-2022)
1.4.1 Global Go Kart Market Size and Growth Rate (%) Comparison by Regions (2012-2022)
1.4.2 North America Go Kart Status and Prospect (2012-2022)
1.4.3 China Go Kart Status and Prospect (2012-2022)
1.4.4 Europe Go Kart Status and Prospect (2012-2022)
1.4.5 Japan Go Kart Status and Prospect (2012-2022)
1.4.6 India Go Kart Status and Prospect (2012-2022)
1.4.7 Southeast Asia Go Kart Status and Prospect (2012-2022)
1.5 Global Go Kart Market Size (2012-2022)
1.5.1 Global Go Kart Revenue (Million USD) Status and Outlook (2012-2022)
1.5.2 Global Go Kart Capacity, Production (K Units) Status and Outlook (2012-2022)
Chapter 2. Manufacturing Cost Structure Analysis of Go Kart
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Go Kart
2.3 Manufacturing Process Analysis of Go Kart
2.4 Industry Chain Structure of Go Kart
2.4.1 Upstream Sourcing
2.4.2 Downstream Buyers
Chapter 3. Technical Data and Manufacturing Plants Analysis of Go Kart
3.1 Capacity and Commercial Production Date of Global Go Kart Major Manufacturers in 2016
3.2 Manufacturing Plants Distribution of Global Go Kart Major Manufacturers in 2016
3.3 R&D Status and Technology Source of Global Go Kart Major Manufacturers in 2016
3.4 Raw Materials Sources Analysis of Global Go Kart Major Manufacturers in 2016
Chapter 4. Global Go Kart Overall Market Overview
4.1 2012-2017E Overall Market Analysis
4.2 Capacity Analysis
4.2.1 2012-2017E Global Go Kart Capacity and Growth Rate Analysis
4.2.2 2016 Go Kart Capacity Analysis (Company Segment)
4.3 Sales Analysis
4.3.1 2012-2017E Global Go Kart Sales and Growth Rate Analysis
4.4 Sales Price Analysis
4.4.1 2012-2017E Global Go Kart Sales Price
4.4.2 2016 Go Kart Sales Price Analysis (Company Segment)
Chapter 5. Go Kart Regional Market Analysis
5.1 North America Go Kart Market Analysis
5.1.1 North America Go Kart Market Overview
5.1.2 North America 2012-2017E Go Kart Local Supply, Import, Export, Local Consumption Analysis
5.1.3 North America 2012-2017E Go Kart Sales Price Analysis
5.1.4 North America 2016 Go Kart Market Share Analysis
5.2 China Go Kart Market Analysis
5.2.1 China Go Kart Market Overview
5.2.2 China 2012-2017E Go Kart Local Supply, Import, Export, Local Consumption Analysis
5.2.3 China 2012-2017E Go Kart Sales Price Analysis
5.2.4 China 2016 Go Kart Market Share Analysis
5.3 Europe Go Kart Market Analysis
5.3.1 Europe Go Kart Market Overview
5.3.2 Europe 2012-2017E Go Kart Local Supply, Import, Export, Local Consumption Analysis
5.3.3 Europe 2012-2017E Go Kart Sales Price Analysis
5.3.4 Europe 2016 Go Kart Market Share Analysis
5.4 Southeast Asia Go Kart Market Analysis
5.4.1 Southeast Asia Go Kart Market Overview
5.4.2 Southeast Asia 2012-2017E Go Kart Local Supply, Import, Export, Local Consumption Analysis
5.4.3 Southeast Asia 2012-2017E Go Kart Sales Price Analysis
5.4.4 Southeast Asia 2016 Go Kart Market Share Analysis
5.5 Japan Go Kart Market Analysis
5.5.1 Japan Go Kart Market Overview
5.5.2 Japan 2012-2017E Go Kart Local Supply, Import, Export, Local Consumption Analysis
5.5.3 Japan 2012-2017E Go Kart Sales Price Analysis
5.5.4 Japan 2016 Go Kart Market Share Analysis
5.6 India Go Kart Market Analysis
5.6.1 India Go Kart Market Overview
5.6.2 India 2012-2017E Go Kart Local Supply, Import, Export, Local Consumption Analysis
5.6.3 India 2012-2017E Go Kart Sales Price Analysis
5.6.4 India 2016 Go Kart Market Share Analysis
Chapter 6. Global 2012-2017E Go Kart Segment Market Analysis (by Type)
6.1 Global 2012-2017E Go Kart Sales by Type
6.2 Different Types Go Kart Product Interview Price Analysis
6.3 Different Types Go Kart Product Driving Factors Analysis
6.3.1 Electric Go Kart Growth Driving Factor Analysis
6.3.2 Gas Go Kart Growth Driving Factor Analysis
6.3.3 Petrol Go Kart Growth Driving Factor Analysis
Chapter 7. Global 2012-2017E Go Kart Segment Market Analysis (by Application)
7.1 Global 2012-2017E Go Kart Consumption by Application
7.2 Different Application Go Kart Product Interview Price Analysis
7.3 Different Application Go Kart Product Driving Factors Analysis
7.3.1 Indoor Go Kart Growth Driving Factor Analysis
7.3.2 Racing Go Kart Growth Driving Factor Analysis
7.3.3 Recreation Go Kart Growth Driving Factor Analysis
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