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Go-Kart Racing Tracks in the US - Market Research Report (2014-2029)

Evan Jozkowski Evan Jozkowski New York, United States Last Updated: April 2024 NAICS OD5348

Revenue

$178.1m

2024

$178.1m

Past 5-Year Growth

Profit

$XX.Xm

Employees

1,364

Businesses

165

Wages

$XX.Xm

Go-Kart Racing Tracks in the US industry analysis

Go-kart racing tracks have experienced high-octane rapid growth thanks to a rising interest in entertainment and recreation in the years since the pandemic. Higher demand and a slight influx of disposable income enabled consumers to accelerate discretionary spending on entertainment and leisure activities, which lockdown measures prevented in 2020. Racing tracks faced a significant crash in revenue as a result of the outbreak of COVID-19 and subsequent social distancing regulations. As quarantine measures ended, attendance at tracks spiked, resulting in a surge in revenue. In the last few years, revenue has been growing at a CAGR of 6.3% and is expected to total $178.09 million in 2024, when it will grow 2.0%.

Trends and Insights

  • Go-cart tracks maneuver near competitors to grow through collaboration. By locating near other entertainment centers, go-kart racing tracks can expand the pool of customers, reduce customer travel time and share some costs with other establishments.
  • Track pass holders and daily admissions offerings are popular in the go-kart racing industry. Track passes provide frequent access for competitive users, while daily admissions cater to recreational customers for a set time.
  • Regions that support year-round outdoor activities draw establishments. The West, the Rocky Mountains and the Southeast permit year-round outdoor activity and have a significant share of go-kart racing tracks.
  • Barriers to entry exist, but the returns rev up entry. Regulations, significant start-up and maintenance costs and competition from substitutes may deter entry, but increases in profit and the draw of underserved markets will tempt the fearless to enter.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 6.3 % over the past five years, to reach an estimated $178.1m in 2024.

Trends and Insights

A varied clientele drives profit

  • Racing services, including go-kart rentals, safety equipment, instructional classes and race events, are considered discretionary. Attendance at tracks depends largely on how much consumers are currently prioritizing leisure activities.
  • Additional trends and insights available with purchase
Go-Kart Racing Tracks in the US
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

New tech advancements help tracks run smoothly

  • Companies are investing in tech to make go-karting more accessible for novice riders. Go-kart tracks will increasingly feature details like banked turns designed to help navigate turns and avoid collisions.

Biggest companies in the Go-Kart Racing Tracks in the US

Company
Market Share (%)
2024
Revenue ($short_0)
2024
Profit ($short_0)
2024
Profit Margin (%)
2024

There are no companies that hold a large enough market share in the Go-Kart Racing Tracks in the US industry for IBISWorld to include in this product.

Products & Services Segmentation

Go-Kart Racing Tracks in the US
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Track pass holder admission, Daily admission and Food and beverage. Track pass holder admission is the largest segment of the Go-Kart Racing Tracks in the US.

Trends and Insights

Track pass holders and daily admissions offerings speed ahead

  • Consumers can purchase a track pass which gives them daily admission to the go-kart racing track.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

This industry provides recreational and amusement services through go-kart racetracks and other related services. Go-kart tracks may be indoor or outdoor.

What's included in this industry?

Track pass holder admissionDaily admissionFood and beverage Parties and corporate eventsMerchandise Other

Companies

Purchase this report to view all major companies in this industry.

Related Terms

GO-KARTHORSEPOWERSPRINT CAR RACINGINDY

Industry Code

NAICS 2017

NAICS 71399 - Go-Kart Racing Tracks in the US

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Go-cart tracks maneuver near competitors to grow through collaboration. By locating near other entertainment centers, go-kart racing tracks can expand the pool of customers, ...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Track pass holders and daily admissions offerings are popular in the go-kart racing industry. Track passes provide frequent access for competitive users, while daily admissio...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Regions that support year-round outdoor activities draw establishments. The West, the Rocky Mountains and the Southeast permit year-round outdoor activity and have a signific...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each state
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each state in 2024
  • Number and share of revenue each state accounts for in 2024
  • Number and share of wages each state accounts for in 2024
  • Number and share of employees in each state in 2024

Detailed analysis

  • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Barriers to entry exist, but the returns rev up entry. Regulations, significant start-up and maintenance costs and competition from substitutes may deter entry, but increases...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

The industry is fragmented with no major players. Go-kart racing tracks have size limitations and must locate near populations to support a robust consumer pool, leading to a...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024

Detailed analysis

    External Environment

    Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

    Analyst insights

    Regulations put the brakes on entry and competition. Numerous licensing, materials and equipment regulations hinder new entry, dampening market competition and fueling pricin...

    In this chapter

    • External Drivers
    • Regulation & Policy
    • Assistance

    Key metrics

    • Regulation & policy level and trend
    • Assistance level and trend

    Charts

    • Regulation & Policy historical data and forecast (2014-2029) 
    • Assistance historical data and forecast (2014-2029) 

    Detailed analysis

    • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
    • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
    • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

    Financial Benchmarks

    View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

    Analyst insights

    Companies have automated operations to cut costs and boost efficiency, leading to stagnation in employment. Despite opening new establishments, wage costs have decreased, imp...

    In this chapter

    • Cost Structure
    • Financial Ratios
    • Key Ratios

    Key metrics

    • Profit margin, and how it compares to the sector-wide margin
    • Average wages, and how it compares to the sector-wide average wage
    • Largest cost component as a percentage of revenue
    • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

    Charts

    • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
    • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
    • Investment vs. share of economy

    Data tables

    • Industry Multiples (2017-2022)
    • Industry Tax Structure (2017-2022)
    • Income Statement (2017-2022)
    • Balance Sheet (2017-2022)
    • Liquidity Ratios (2017-2022)
    • Coverage Ratios (2017-2022)
    • Leverage Ratios  (2017-2022)
    • Operating Ratios (2017-2022)
    • Cash Flow & Debt Service Ratios (2014-2029)
    • Revenue per Employee (2014-2029)
    • Revenue per Enterprise (2014-2029)
    • Employees per Establishment (2014-2029)
    • Employees per Enterprise (2014-2029)
    • Average Wage (2014-2029)
    • Wages/Revenue (2014-2029)
    • Establishments per Enterprise (2014-2029)
    • IVA/Revenue (2014-2029)
    • Imports/Demand (2014-2029)
    • Exports/Revenue (2014-2029)

    Detailed analysis

    • Trends in the cost component for industry operators and their impact on industry costs and profitability 

    Key Statistics

    Industry Data

    Data Tables

    Including values and annual change:

    • Revenue (2014-2029)
    • IVA (2014-2029)
    • Establishments (2014-2029)
    • Enterprises (2014-2029)
    • Employment (2014-2029)
    • Exports (2014-2029)
    • Imports (2014-2029)
    • Wages (2014-2029)

    Top Questions Answered

    Unlock comprehensive answers and precise data upon purchase. View purchase options.

    What is the market size of the Go-Kart Racing Tracks in the US industry in United States in 2024?

    The market size of the Go-Kart Racing Tracks in the US industry in United States is $178.1m in 2024.

    How many businesses are there in the Go-Kart Racing Tracks in the US industry in 2024?

    There are 165 businesses in the Go-Kart Racing Tracks in the US industry in United States, which has grown at a CAGR of 1.9 % between 2019 and 2024.

    Has the Go-Kart Racing Tracks in the US industry in United States grown or declined over the past 5 years?

    The market size of the Go-Kart Racing Tracks in the US industry in United States has been growing at a CAGR of 6.3 % between 2019 and 2024.

    What is the forecast growth of the Go-Kart Racing Tracks in the US industry in United States over the next 5 years?

    Over the next five years, the Go-Kart Racing Tracks in the US industry in United States is expected to grow.

    What does the Go-Kart Racing Tracks in the US in United States include?

    Track pass holder admission and Daily admission are part of the Go-Kart Racing Tracks in the US industry.

    How competitive is the Go-Kart Racing Tracks in the US industry in United States?

    The level of competition is moderate and steady in the Go-Kart Racing Tracks in the US industry in United States.

    Related Industries

    Widen your competitive advantage with related industries

    Competitors

    • Amusement Parks in the US
    • Arcade, Food & Entertainment Complexes in the US
    • Bowling Centers in the US
    • Golf Driving Ranges & Family Fun Centers in the US

    Complementors

    • Oil Change Services in the US

    International industries

    • Global Tourism
    • Amusement Parks & Arcades in Canada
    • Amusement Parks and Centres Operation in Australia

    View all industries in United States

    Methodology

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    IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

    What data sources do IBISWorld analysts use?

    Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

    Key data sources in the US include: 

    • US Census Bureau
    • US Bureau of Labor Statistics
    • US International Trade Commission

    Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

    These sources include:

    • Industry and trade associations
    • Industry federations or regulators
    • Major industry players annual or quarterly filings

    Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

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