Global Golf Trolley Market Expected to Reach USD 195.4 million by 2025
16-aug-19 The global golf trolley market 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.
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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.
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.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Browse Full Research Report With TOC: https://www.radiantinsights.com/research/golf-trolley-market
Chapter 3. Golf Trolley Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Application Adoption
4.4. Observations & Recommendations
If you have any special requirements, please let us know and we will offer you the report as you want.
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.
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/golf-trolley-market/request-sample
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.
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.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Browse Full Research Report With TOC: https://www.radiantinsights.com/research/golf-trolley-market
Chapter 3. Golf Trolley Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Application Adoption
4.4. Observations & Recommendations
If you have any special requirements, please let us know and we will offer you the report as you want.
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