The global golf trolley market size is expected to reach USD 195.4 million
by 2025, according to a new report by Grand View Research, Inc., expanding at a
CAGR of 3.7% over the forecast period. Increasing adoption of golf as a
recreational activity by the young population is driving the demand for the
product across the globe. Furthermore, continuous product innovation by the key
manufacturers including Motocaddy and RolleyGolf Experience is expected to
propel the industry growth in the near future.
The electric product segment is anticipated
to witness the fastest growth from 2019 to 2025. Benefits such as lightweight
and requirement of less physical effort associated with these products are
boosting the product demand among the consumers. In addition, they have gained
significant popularity among the players who are suffering from health issues.
Manufacturers have been incorporating
innovative features to these electronic products in order to attract new
consumers and gain a competitive advantage. For instance, in March 2019,
Motocaddy, one of the leading manufacturers of the world, introduced its
upgraded S1 model powered trolley. This new remote-controlled model
incorporates features including sunlight friendly LCD screen, battery meter, speed
indicator, and compact-folding.
As of 2018, the non-commercial application
segment held the largest share of more than 60.0%. Increasing penetration of
public clubs over the world is fueling the application segment. Over the past
few years, the public clubs have attracted a large number of consumers as they
are comparatively less expensive than the private clubs.
North America dominated the golf trolley
market in 2018, contributing over 50.0% share of the global revenue. Largest
number of courses that is more than 15,000 courses are present in U.S.
Furthermore, high purchasing power of the consumers of this nation has been
allowing them to spend a large amount in leisure activities.
Major producers of this industry include
Bat-Caddy; Motocaddy; Golf Tech Golfartikelvertriebs GmbH; Adept Golf; THE
PROACTIVE SPORTS GROUP; SUN MOUNTAIN SPORTS; Cart Tek Golf Carts; SPITZER
Products Corp.; Axglo International Inc.; and Bag Boy Company.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/golf-trolley-market
https://www.grandviewresearch.com/industry-analysis/golf-trolley-market
Further key findings from the report suggest:
· The electric product segment held the
largest share of over 65.0% in 2018
· Online distribution channel is expected to
expand at the fastest CAGR of 4.2% over the forecast period
· The non-commercial application segment held
the largest share of more than 60.0% in 2018
· Asia Pacific is expected expand at the
fastest CAGR of 4.9% from 2019 to 2025
· North America held the largest share of
more than 50.0% in 2018.
Grand View Research has segmented the
global golf trolley market on the basis of product, application, distribution
channel, and region:
Golf Trolley Product Outlook (Revenue, USD
Million, 2015 - 2025)
·
Manual
·
Electric
Golf Trolley Application Outlook (Revenue,
USD Million, 2015 - 2025)
·
Commercial
·
Non-commercial
Golf Trolley Distribution Channel Outlook
(Revenue, USD Million, 2015 - 2025)
·
Offline
·
Online
Golf Trolley Regional Outlook (Revenue, USD
Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
