Press release
The Global Golf Trolley Market, valued at USD 132 Mn in 2022, is expected to experience a steady growth rate of 5.6 Percent and reach a market value of USD 192 Mn by 2029, according to a new report released today.
Golf Trolley Market
The golf trolley market encompasses electric and manual golf trolleys used for transporting golf bags and equipment on golf courses. These trolleys provide golfers with a convenient way to carry their clubs, reducing physical strain and improving overall game performance and experience. The market includes various types of golf trolleys, such as push carts, electric golf trolleys, and remote-controlled golf trolleys.
Key drivers for the demand of golf trolleys include the rising popularity of golf as a recreational sport and the growing awareness of the benefits they offer. Golfers are increasingly recognizing the energy-saving and fatigue-reducing advantages of using golf trolleys, leading to a surge in their adoption.
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Golf Trolley Market Dynamics:
Electric golf trolleys, powered by batteries and equipped with features like automatic braking, speed control, and adjustable handles, are witnessing significant growth. Remote-controlled golf trolleys, which allow golfers to operate the trolley from a distance, are also gaining popularity.
The market can be segmented based on application, including non-commercial and commercial use. Golf courses represent the largest end-users of golf trolleys, driven by the increasing number of courses and golfers worldwide. Additionally, personal use of golf trolleys is on the rise as individual golfers seek convenient and efficient ways to transport their equipment. Commercial use includes rental services that provide golf trolleys for use during rounds of golf.
The golf trolley market is highly competitive, with numerous players offering a wide range of products. Major market players such as Motocaddy, Stewart Golf, PowaKaddy, Sun Mountain, Cart-Tek, Bag Boy, Bat-Caddy, Clicgear, and Big Max are prominent names in the industry.
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Golf Trolley Market Regional Insights:
Geographically, the North American and European markets dominate the golf trolley industry, followed by Asia-Pacific and the Rest of the World. North America and Europe boast a high number of golf courses and a large base of golfers, which drives the demand for golf trolleys. Meanwhile, the Asia-Pacific region is expected to witness significant growth, fueled by the increasing popularity of golf in countries like China, Japan, and South Korea.
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Golf Trolley Market Segmentation:
By Product Type:
1. Manual
2. Electric
By Applications:
1. Commercial
2. Non-commercial
By Distribution Channel:
1.Online
2.Offline
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Golf Trolley Market Key Competitors include:
1. Acushnet Company (Titleist) - Fairhaven, Massachusetts, USA
2. Bag Boy Company - Richmond, Virginia, USA
3. Bat-Caddy - Pompano Beach, Florida, USA
4. Big Max - - Krailling, Germany
5. Cart-Tek - Eugene, Oregon, USA
6. Clicgear - Temecula, California, USA
7. Club Car - Augusta, Georgia, USA
8. Concourse Golf - Richmond, Virginia, USA
9. Cube - Gruyères, Switzerland
10. ElectroKart - Leicestershire, UK
11. JuCad - Limburg, Germany
12. Lectronic Kaddy - Oceanside, California, USA
13. MGI Golf - Brisbane, Australia
14. Motocaddy - Worcestershire, UK
15. Pattisson - Perth, Australia
16. PowaKaddy - Kent, UK
17. QOD Golf - Queensland, Australia
18. Riksha - Taichung, Taiwan
19. Spitzer Products - Norwalk, Iowa, USA
20. Stewart Golf - Gloucestershire, UK
21. Sun Mountain - Missoula, Montana, USA
22. TourTrek - Chicago, Illinois, USA
23. U.S. Kids Golf - Atlanta, Georgia, USA
24. Zanotti Golf - Bergamo, Italy
25. Zip Navigator - Queensland, Australia
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Table of Content for Golf Trolley Market
1. Global Golf Trolley Market: Research Methodology
2. Global Golf Trolley Market: Executive Summary
• Market Overview and Definitions
• Introduction to Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Golf Trolley Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Golf Trolley Market Segmentation
• Global Market, by Product Type (2021-2029)
• Global Market, by Applications (2021-2029)
• Global Market, by Distribution Channel (2021-2029)
5. Regional Golf Trolley Market (2021-2029)
• Regional Market, by Product Type (2021-2029)
• Regional Market, by Applications (2021-2029)
• Regional Market, by Distribution Channel (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product Type, Applications and Distribution Channel
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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