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.
For full research report on Golf Trolley
Market visit here:
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.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/golf-trolley-market/request/rs1
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
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- Japan
- China
- Central & South America
- Brazil
- Middle East & Africa
- South 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.
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