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Golf Trolley Market Size, Share, 2019-2025 | Global Industry Report

Golf Trolley Market Analysis Report By Product, By Application, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619879  |  Published: July 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Sporting Goods & Equipment  |  Publisher: Grand View Research

Industry Insights

The global golf trolley market size was worth USD 151.8 million in the year 2018. The encouragement provided to the golf tourism industry is one of the major factors driving the market. Additionally, the number of government schemes for the development of advanced golf courses, workshops, and tournaments has contributed to the growth of this market.

Further, to promote the popularity of this sport, the government in many countries has provided advanced facilities to the industry. For instance, post the Commonwealth Games 2010, the Government of India, under the Ministry of Tourism, has been initiating the development and promotion of golf tourism in the country.

U.S. golf trolley market

Golf also signifies as status symbol for many countries. Therefore, it has been observed that a majority of the high-income population participates in this sport to maintain their standards in the society. The increasing number of working professionals in countries like India and China is predicted to propel the demand for golf trolleys in these regions.

Product Insights

The electric products segment held the largest market share of 65% in 2018 and is expected to be the fastest-growing segment over the forecast period. These products are made up of plastic and are lightweight thus, providing convenience to the players. These electric products are highly recommended to players suffering from health issues since no physical effort is required to move golf equipment. Electric products provide more benefits with lesser efforts for carrying the equipment in the course than the manual counterparts.

The electric products can be operated using a remote thus, providing convenience to the players. These are eco-friendly and can be controlled indoors. Additionally, the quitter electric trolleys offer a peaceful experience to the players. These features have contributed to the surging demand for the electric product segment over the years.

Distribution Channel Insights

The offline channel of distribution held a share of over 70% in 2018. The growing number of specialty and sports shops has been the key driver for the golf trolleys market. The professional customer services provide assistance to the customers on the required information and support relating to the product thus, attracting higher sales in the offline channels.

The online channel is predicted to grow at the fastest CAGR of 4.2% for the period of 2019 to 2025. The flourishing e-commerce industry is predicted to surge the demand for this product. Moreover, benefits owing to the checkout process, offers, and convenient shopping provided by online portals like Amazon are predicted to fuel the growth of online channels over the forecast period.

Application Insights

Based on application, the non-commercial segment accounted for the largest share of 60% in 2018. As stated by the Royal and Ancient Golf Club of St Andrews, the public clubs held over 70% of the total number of clubs globally. The game is shifted from being an elite preferred sport to being played by the middleclass population at public golf courses. The demand for the non-commercial segment has increased due to the preference for less expensive clubs.

U.S. golf trolley market

There has been a significant rise in the number of public golf courses around the world. Some of these public courses include Musselburgh Links, Beach Golf Links, and St Andrews Links. The private clubs, on the other hand, are more expensive due to their personalized services like dining, luxury amenities, pristine courses, and social activities. Thus, only the elite-class can afford it providing a limited share to the commercial segment in the global revenue.

Regional Insights

North America held the largest share of over 50% in 2018. The U.S. accounted for the highest number of golf courses in the world with around 15,000 golf facilities among which almost 77% are public clubs. Additionally, the Americans are highly interested in investing in these activities owing to their higher disposable income.

Asia Pacific is predicted to grow at a CAGR of 4.9% over the forecast period. The rising inclination towards golf in countries like Japan, China, South Korea, India, Thailand, and Australia has surged the demand for these products. Moreover, the inclusion of golf in the Olympic coupled with the government schemes for the development of golf courses has contributed to the popularity of the sport in these regions.

Golf Trolley Market Share Insights

The key players include Motocaddy; Cart Tek Golf Carts; Bat-Caddy; SUN MOUNTAIN SPORTS; Golf Tech Golfartikelvertriebs GmbH; THE PROACTIVE SPORTS GROUP; Adept Golf; SPITZER Products Corp.; Bag Boy Company; and Axglo International Inc. Manufacturers are focusing on product development and innovations to expand the scope of their businesses.

RolleyGolf Experience, in 2017, introduced a hop-on power trolley which offered the players to walk or ride around the golf course freely. The product consists of aircraft-grade titanium and has Wi-Fi connectivity, refined silent motor, and compact fold up. This remarkable innovation has gained recognition from the customers over the years. 

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country Scope           

U.S., Germany, U.K., Japan, China, Brazil, and South Africa

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global golf trolley market report on the basis of product, application, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Manual
    • Electric

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Commercial
    • Non-commercial

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Offline
    • Online

• 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

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