The average per capita income of people in North America is higher as compared to the other economies in the world, and hence has higher spending capacity. United States has a huge number of go karting tracks which is the major reason it governs the market in terms of revenue. In the last decade, go-karting industry has experienced resurgence in recognition from different sector mainly because of the adrenaline-producing rides for thrill-seekers at the same time being a popular family activity. In 2018, per capita income is expected to increase, presenting a potential opportunity for this industry in near future. When disposable income is huge, consumers are more willing to spend money on leisure activities such as go-kart races. Consequently, downstream demand is dependent on the level of disposable income that individual earns. Go-kart racing is an optional expense for people of different sector. The go-kart industry is mostly relied on financial conditions and collapses during the recession as people refrain from spending on leisure and entertainment activities. As people spend more time on relaxation and sports, demand for go-kart racing also rises. Go-kart racing is a leisure activity for individuals and families. Global Go Kart Market Worth Around $88 Million By 2022: Acumen Research and ConsultingĪcumen Research and Consulting, a global provider of market research studies, in a latest 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 anticipated to grow at a CAGR of around 2.5% in terms of revenue during the forecasting period 2018 – 2022.
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