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The golf push and pull cart market size is forecast to increase by USD 198.3 million, at a CAGR of 5.47% between 2023 and 2028. The market is experiencing premiumization through product innovations, with push and pull carts featuring seating facilities emerging as a major trend along with golf tourism. However, challenges persist regarding the portability and flexibility of traditional golf carts. As consumers increasingly prioritize convenience and comfort on the course, there is a growing demand for push and pull carts that offer both mobility and seating options. Despite advancements in design and functionality, traditional golf carts continue to face limitations in adaptability and ease of transport. Addressing these challenges is crucial for manufacturers to meet the evolving needs of golfers and maintain competitiveness in the market.
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The commercial segment is estimated to witness significant growth during the forecast period. The market is experiencing growth in various regions due to the extensive use of these in golf tournaments and courses. Golfers, both professional and amateur, require equipment such as golf balls, putters, and water bottles, which are transported using golf push and pull carts. The market is primarily driven by the increasing popularity and acceptance of golf as an active sport, with golf clubs and resorts being key buyers.
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The commercial segment was the largest segment and was valued at USD 318.10 million in 2018. Manual and Electric Carts are the two main product segments. Driving factors include rising purchasing power, urbanization, and expanding opportunities in sectors like hotels, tourism, amusement parks, and businesses. Product innovation, premiumization, and application analysis are also influencing market trends. Restraining factors include supply chain disruptions and the high cost of solutions like GPS-enabled golf carts with lithium batteries. Urbanization and the growing disposable income of consumers are creating new opportunities for market expansion. The market is segmented into Commercial and Non-commercial applications. They are gaining popularity due to their convenience and efficiency. The establishment of miniature courses to increase guest flow and advertise as a wholesome pastime has increased the market, which in turn is expected to drive the growth of the commercial segment in the market during the forecast period.
North America is estimated to contribute 43% during the forecast period.
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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market in North America has experienced significant growth, driven by the US and Canada's traditional affinity for golf and favorable geographical conditions. The pandemic has not hindered this trend, as the rise in health consciousness and disposable income among the millennial population continues to fuel golf push and pull cart market demand. Infrastructure development, such as golf courses in small communities, apartments, university campuses, and train stations, presents opportunities for utility vehicles. Solar-powered and eco-friendly options are gaining popularity, aligning with the trend towards sustainability. Golf cart dealers are forming successful business alliances with local distributors and governments to expand their reach in developing nations. The tourism sector contribution, including tourists and hospitality industries, also relies on effective low-speed vehicle operations. Mobility aids and modification possibilities cater to diverse customer needs. Modular architecture and long-term alliances ensure market success.
The market has experienced significant growth in recent years, driven by the increasing popularity of golf as a recreational activity and the demand for convenient and cost-effective transportation solutions for golfers. Key players in this market include equipment sellers, manufacturers of golf clubs, balls, and golf bags, as well as caddies and golf cart rental services. Premiumization and product innovation have been key driving factors in the market, with golfers seeking high-quality, durable, and feature-rich carts. Manufacturing operations have focused on improving seating facilities, application analysis, and market segmentation to cater to both commercial and non-commercial courses.
Manual carts and electric carts are the two main types of carts, with each offering unique benefits to golfers. Manual carts provide a more traditional golfing experience, while electric carts offer added convenience and ease of use. The market is expected to continue growing, with driving factors including the increasing number of tournaments and the desire for improved golfing experiences. However, restraining factors such as high manufacturing costs and the availability of alternative transportation solutions may impact market growth. Overall, the market is a dynamic and evolving industry, with ongoing innovation and solutions being developed to meet the changing needs of golfers and courses.
Premiumization through product innovations is driving growth in the market. The market is experiencing significant growth in various regions due to premiumization and product innovation. Golfers no longer rely on manual labor, such as carrying golf clubs and balls in bags or hiring caddies. Instead, they utilize push carts, which facilitate the mobilization of equipment on the courses. Sellers are introducing advanced solutions, including remote-controlled battery-powered carts, to cater to the increasing consumer base. Golf tournaments and courses are major application areas for these carts. Manual and electric carts are the two primary market segments. Electric carts, which include those with seating facilities and advanced features like GPS and lithium batteries, are considered premium due to their high cost.
moreover, driving factors for market growth include rising purchasing power, urbanization, and expanding opportunities in sectors like hotels, tourism, amusement parks, and businesses. However, supply chain disruptions and the high cost of components like batteries can restrain market growth. Product innovation continues to be a key trend, with vendors introducing features like remote control, motion sensors, and electrification. Brands are leading the market with their advanced solutions. The market is segmented based on application (commercial and non-commercial) and geography.
Push-and-pull carts with seating facility is a primary trend in the market. The market is experiencing significant growth in various regions due to the increasing number of tournaments and courses. Golfers seek efficient and lightweight equipment, including clubs and balls, to enhance their performance. Caddies and golf bags have long been a burden for golfers, leading to innovations from sellers. These companies offer solutions like seating facilities to alleviate the physical strain of carrying heavy equipment.
Furthermore, market segmentation includes manual and electric carts, with application analysis in commercial and non-commercial sectors. Golf push and pull cart market growth drivers include rising purchasing power, urbanization, and expanding opportunities in the golf industry. Premiumization and product innovation are crucial in manufacturing operations. Seating facilities, GPS-enabled golf carts, lithium batteries, and electrification are key trends. However, supply chain disruptions and the high cost of e-cart batteries are restraining factors. Companies are addressing these challenges with urbanization, disposable income, hotels, tourism, amusement parks, and businesses driving the penetration.
The portability and flexibility issues with these carts are major challenges in the market. The market is experiencing growth in various regions due to the increasing participation in golf tournaments and the rise in golf courses. Golfers seek convenient and portable equipment, including bags, clubs, balls, and caddies, leading vendors to invest in product innovation. They cater to both commercial and non-commercial markets. Premiumization and seating facilities are driving factors, while supply chain disruptions and rising purchasing power are restraining factors. Urbanization and expanding opportunities in hotels, tourism, amusement parks, and businesses are increasing the golf penetration.
Also, application analysis reveals that electric carts with GPS-enabled features, lithium batteries, and E-Z-GO technology are popular solutions. Market segmentation includes product innovation, manufacturing operations, and market trends. Rising disposable income and urbanization are key driving factors, while supply chain disruptions and e-commerce platforms are restraining factors. Market growth is influenced by electrification, urbanization, and the increasing popularity of golf as a recreational activity. Urbanization and the growing trend of golf tourism are expanding opportunities for cart sellers. However, supply chain disruptions and the high cost of lithium batteries may pose challenges to golf push and pull cart market growth.
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Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
AlphardGolf Inc. - The company offers a wide range of golf carts, such as club booster v2.
The golf push and pull cart market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Axglo International Inc., BATCADDY, Callaway Golf Co., Cargotec Corp., Cart Tek, Clicgear Industrial Design Hong Kong Ltd., Decathlon SA, Dynamic Brands, Golf Tech Golfartikelvertriebs GmbH, Honma Golf Co. Ltd., Kaddey, Motocaddy, Nordic Group Ltd., Ram Golf, Stewart Golf, Sun Mountain Sports, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Inc., and The Proactive Sports Group
Qualitative and quantitative analysis of market growth and trends of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Golf push and pull carts are essential equipment for golfers to transport their golf bags around the course. These carts offer convenience and ease of movement, allowing golfers to focus on their game. The global golf push and pull carts market is witnessing significant growth due to several factors. The growing popularity of golf as a recreational activity and increasing participation in golf tournaments are major factors driving the market. Additionally, the trend towards lightweight and easy-to-maneuver carts is gaining traction among golfers. The rise in travel and tourism has led to an increase in electric golf carts as a sustainable transportation option in various destinations.
Furthermore, manufacturers are focusing on innovation and design to cater to the evolving needs of golfers. For instance, some carts come with features like adjustable handles, multiple storage compartments, and seamless braking systems. These features enhance the user experience and add value to the product. Moreover, the increasing number of golf courses and golf resorts worldwide is expected to boost the demand for golf push and pull carts. The market is also witnessing intense competition, with several players vying for a share. In conclusion, the golf push and pull carts market is poised for steady growth in the coming years, driven by factors such as rising golf participation, innovation, and an increasing number of golf courses.
Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.47% |
Market growth 2024-2028 |
USD 198.3 million |
Market structure |
Fragmented |
YoY growth (%) |
4.87 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 43% |
Key consumer countries |
US, Japan, Canada, UK, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Alphard Golf Inc., Axglo International Inc., BATCADDY, Callaway Golf Co., Cargotec Corp., Cart Tek, Clicgear Industrial Design Hong Kong Ltd., Decathlon SA, Dynamic Brands, Golf Tech Golfartikelvertriebs GmbH, Honma Golf Co. Ltd., Kaddey, Motocaddy, Nordic Group Ltd., Ram Golf, Stewart Golf, Sun Mountain Sports, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Textron Inc., and The Proactive Sports Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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