However, factors such as high initial maintenance & purchasing cost and low overall drive range are the factors that hamper the growth of the market across the globe. In addition, increase in trend to stay fit and rise in need for outdoor sporting events have boosted the demand for Go kart racing.įactors such as exponential increase in population along with rapid globalization & rise in purchasing power, increase in the number of race courses & country clubs, and inclination toward solar-powered Go karts drive the growth of the market across the globe. Go karts come in all shapes and forms, from motorless models to high-powered racing machines, which are equipped with high-performance engines. It is designed to carry out several sporting & recreational activities by youngsters. Go kart is a type of open wheel car or a quadracycle, which is smaller in size & height and at the same time is powerful enough to gain high speed in a shorter time span. The global go kart market was valued at $104.8 million in 2020, and is projected to reach $154.3 million by 2030, registering a CAGR of 3.9% from 2021 to 2030.
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