Product Code: ETC371784 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India go kart market revenue was estimated at around $52 million and is projected to grow with a CAGR of about 10% owing to increasing accessibility of these vehicles coupled with favorable government policies encouraging motorsport activities across India. Growing desire among youngsters towards adventure sports such as motor racing along with penetration of sophisticated technologies like electric powertrains are some other favourable factors that have been aiding expansion related trends within this sector. Moreover , rapid increase in number or motor sport events being organized throughout India has further played a key role propelling demand related proceedings over recent times.
The go-kart market in India has witnessed robust growth due to the rising interest in motorsports and recreational activities. The popularity of go-karting as a leisure sport and the establishment of dedicated go-karting tracks have boosted the demand for go-karts across different age groups, driving the market`s growth.
In the go kart market, safety and regulatory compliance are significant challenges. Manufacturers need to ensure that their products meet strict safety standards, and they may face obstacles in obtaining necessary certifications.
The go-kart market in India, which relies heavily on recreational activities and sports events, saw a sharp decline in sales. The closure of amusement parks and entertainment centers during lockdowns significantly impacted the go-kart industry.
The India go-kart market has witnessed remarkable expansion, and key players like MRF Limited, Birel Art India, and SodiKart India are leading the charge. These companies manufacture high-quality go-karts for recreational and competitive purposes, catering to the increasing demand from motorsports enthusiasts.