Golf Push and Pull Cart Market by End-user, Product, and Geography - Forecast and Analysis 2023-2027

Golf Push and Pull Cart Market Size 2023-2027

The golf push and pull cart market size is forecast to increase by USD 174.39 million estimated to grow at a CAGR of 5.07% between 2022 and 2027. The market's growth hinges on multiple factors, including the allure of premium product innovations, the burgeoning presence of golf courses and tournaments worldwide, and a notable inclination towards cart ownership as opposed to rental services. These dynamics underscore a shift towards personalized golf experiences, driving the demand for advanced push and pull cart solutions. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.

What will be the size of the Golf Push And Pull Cart Market During the Forecast Period?

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Market Dynamics

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 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. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

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. 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 like E-Z-GO are leading the market with their advanced solutions. The market is segmented based on application (commercial and non-commercial) and geography.

Significant Market Trends

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 the 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 in golf push carts to alleviate the physical strain of carrying heavy equipment. Market segmentation includes Manual Carts and Electric Carts, with application analysis in commercial and non-commercial sectors. Driving factors 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 like E-Z-GO are addressing these challenges with urbanization, disposable income, hotels, tourism, amusement parks, and businesses driving the penetration.

Major Market Challenge

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. Manual and electric golf carts 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. 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 the market.

Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Market Segmentation

This market report extensively covers market segmentation by end-user (commercial and non-commercial), product (manual carts and electric carts), and geography (North America, Europe, APAC, South America, the Middle East, and Africa). The market is experiencing growth in various regions due to the extensive use of these carts in tournaments and courses. Golfers, both professional and amateur, require equipment such as balls, putters, and water bottles, which are transported using these 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. 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 carts with lithium batteries. Key players in the market include E-Z-GO and others. 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. The increase in Electric Golf Carts is due to their convenience and efficiency.

By End-user

The commercial segment is estimated to witness significant growth during the forecast period. The commercial segment in the market in focus includes its use in professional courses, resorts, clubs, and other commercial golfing facilities. A golf cart with a push and pull mechanism to carry golf balls, putters, and water bottles is used widely in the majority of tournaments. The global market is expected to grow at a steady rate during the forecast period. 

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The commercial segment was the largest segment and was valued at USD 308.11 million in 2017. A key factor for this segment is the increasing number of professionals and amateur golfers, as well as their increased interest in pursuing careers. The market in focus is primarily driven by the growing popularity and acceptance of golf as an active sport. 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 propel the growth of the commercial segment in the global golf push and pull cart market during the forecast period.

Key Regions

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North America is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in North America has experienced significant growth, driven by the US and Canada's traditional affinity 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 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. These dealers are forming successful business alliances with local distributors and governments to expand their reach in developing nations. The tourism sector's 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.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/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 research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• Axglo International Inc.
• Bat-Caddy LLC
• Callaway GolfCo.
• Cargotec Corp.
• Cart Tek
• Clicgear Industrial Design Hong Kong Ltd.
• Decathlon SA
• Dynamic Brands
• Golf-Tech Golfartikelvertriebs GmbH
• HonmaGolf Co. Ltd.
• Kaddey
• Motocaddy
• Nordic Group Ltd.
• Ram Golf

Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

These 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 market is witnessing significant growth due to several factors. The growing popularity of this sport as a recreational activity and the rise in travel and tourism, 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. 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 these courses and resorts worldwide is expected to boost the demand. The market is also witnessing intense competition, with several players vying for a share. In conclusion, the market is poised for steady growth in the coming years, driven by factors such as rising golf participation, innovation, and an increasing number of courses.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• End-user Outlook 
  • Commercial
  • Non-commercial

• Product Outlook
  • Manual carts
  • Electric carts

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America 
    • Chile
    • Argentina
    • Brazil

Market Scope
Report Coverage	Details
Page number	155
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.07%
Market growth 2023-2027	USD 174.39 million
Market structure	Fragmented
YoY growth 2022-2023(%)	4.65
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 44%
Key countries	US, Canada, Japan, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	AlphardGolf Inc., Axglo International Inc., Bat-Caddy LLC, CallawayGolf Co., Cargotec Corp., Cart Tek, Clicgear Industrial Design Hong Kong Ltd., Decathlon SA, Dynamic Brands, Golf -ech Golfartikelvertriebs GmbH, HonmaGolf Co. Ltd., Kaddey, Motocaddy, Nordic Group Ltd., RamGolf, StewartGolf, 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, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
• Precise estimation of the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Market growth analysis across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Market forecasting of factors that will challenge the growth of market vendors

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