Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Golf Trolley Market Size is Estimated to Grow from USD 176.2 Million in 2023 to USD 308.6 Million by 2033, Growing at a CAGR of 5.76% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Golf Trolley Market Size, Share, and COVID-19 Impact Analysis, By Product (Electric and Manual), By Application (Commercial and Non-Commercial), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The market for manual and electric golf trolleys, which are used to move golf bags and equipment around golf courses, is known as the global golf trolley market. The increasing popularity of golf as a sport and recreational activity is responsible for the market expansion. Golf-related equipment, such as trolleys, is in more demand as a result of the growing interest, which has been especially noticeable among women and younger groups. The expansion of golf courses across the globe and supportive government programs encouraging golf travel have further supported industry expansion. Furthermore, the golfing experience has been completely transformed by technological innovations such as motorized and remote-controlled golf trolleys. Additionally, the market has profited from ongoing advancements in functionality and design. With features like collapsible frames, adjustable handles, and improved storage choices, manufacturers have been concentrating more on making designs that are more ergonomic and user-friendly. However, a major obstacle facing the golf trolley industry is the fierce rivalry between brands and manufacturers.
The electric segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product, the golf trolley market is classified into electric and manual. Among these, the electric segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The electric golf trolley market has been boosted by technological advancements like lightweight materials, advanced braking systems, and GPS/USB charging ports. The development of efficient lithium-ion batteries has contributed to the market, offering longer battery life and faster charging times, and appealing to modern consumers.
The non-commercial segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the golf trolley market is divided into commercial and non-commercial. Among these, the non-commercial segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The increasing popularity of golf as a leisure activity has led to a surge in demand for non-commercial golf trolleys, particularly for amateur and casual golfers. These trolleys are affordable and simple, making them an attractive option for golfers who don't require the advanced features found in commercial models.
The offline segment accounted greatest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the golf trolley market is divided into online and offline. Among these, the offline segment accounted for the greatest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The rise of sports and specialty shops offers consumers a tangible shopping experience, allowing them to assess products before making a purchase. Skilled customer service personnel provide personalized advice, enhancing the overall shopping experience. Offline retailers also host promotional events, demonstrations, and workshops to provide hands-on experiences with the latest golf trolley models.
North America is expected to hold the largest share of the golf trolley market through the forecast period.
North America is estimated to hold the largest share of the golf trolley market over the forecast period. The tourism and hospitality industries are increasingly adopting golf trolleys, with hotels, resorts, and amusement parks offering golf facilities as part of their amenities. The increasing number of golf tournaments and events attracts both professional and amateur golfers, further boosting market growth.
Asia Pacific is predicted to grow at the fastest CAGR of the golf trolley market over the forecast period. Rising disposable incomes and urbanization in emerging countries such as China, Japan, South Korea, and Australia have led to a significant increase in the adoption of high-quality, convenient golfing equipment.
Competitive Analysis
Major key players in the global golf trolley market include BATCADDY, Motogolf, Golf Tech Golfartikelvertriebs GmbH, THE PROACTIVE SPORTS GROUP, SunMountainSports, Cart Tek, Spitzer Industrial Products, Axglo International Inc., Bag Boy Company, and Others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global golf trolley market based on the below-mentioned segments:
Global Golf Trolley Market, By Product
Global Golf Trolley Market, By Application
Global Golf Trolley Market, By Distribution Channel
Global Golf Trolley Market, By Regional Analysis
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