Global Golf Trolley
Market Report
2024
The Global Golf Trolley market is valued at USD 518.2 million in 2023, with a projected compound annual growth rate (CAGR) of 4.2% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Golf Trolley market is valued at USD 518.2 million in 2023, with a projected compound annual growth rate (CAGR) of 4.2% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Golf Trolley Market Sales Revenue 2023 | $ 518.2 Million |
Global Golf Trolley Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
Market Split by Type |
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Market Split by Application |
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Market Split by End User |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Golf Trolley Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The substantial growth in the golf trolley market is primarily fueled by the increasing popularity of golf as a recreational activity, driven by its transition from a competitive sport to a widely embraced leisure pursuit, leading to heightened demand for efficient means of traversing golf courses. Innovations in golf trolley technology are a significant driving force behind the golf trolley market's growth, as advancements such as electric models with lithium-ion batteries, remote-controlled operation, lightweight materials, collapsible frames, and ergonomic handle designs have transformed the golfing experience, offering enhanced convenience and appeal to a broader range of golfers.
Leveraging the remarkable growth trajectory observed in the global Golf Trolley Market, the leading players capitalized on this opportunity effectively.
For instance, Motocaddy, the world's top electric golf trolley brand, has bolstered its German presence by acquiring B+M Golf Vertriebs GmbH, a renowned distribution and service agency. This move, completed on July 31st, retains experienced personnel from B+M, some with over 15 years of collaboration with Motocaddy. A new warehouse, workshop, and office space will also support Motocaddy's growth in Germany.
(Source:www.motocaddy.com/uk/blog/motocaddy-acquires-bm/)
The golf trolley market is experiencing substantial growth, primarily driven by the increasing popularity of golf as a recreational activity. Golf has transitioned from being exclusively a competitive sport to becoming a widely embraced leisure pursuit enjoyed by individuals of diverse age groups and skill levels. This shift in the perception of golf has spurred a heightened demand for efficient means of traversing golf courses. Golf trolleys have emerged as a favorable solution, allowing players to effortlessly transport their clubs and equipment, thereby reducing physical strain and elevating the overall golfing experience. As golf continues to gain accessibility and allure as a recreational pastime, the demand for golf trolleys has witnessed a significant upsurge.
Innovations in golf trolley technology are a driving force in the golf trolley market's growth. Over time, golf trolleys have undergone significant transformations, departing from traditional manual push/pull models. The advent of electric golf trolleys, often featuring lithium-ion batteries, has brought about a profound change in the golfing experience. These electric trolleys offer a hands-free operation, allowing golfers to navigate the course while concentrating on their gameplay effortlessly.
Remote-controlled trolleys have gained popularity, providing golfers with enhanced control and convenience. These trolleys can be directed from a distance, introducing a level of tech-savvy sophistication to the sport. Lightweight materials, collapsible frames, and ergonomic handle designs have further improved usability and storage, making them appealing to a wider range of golfers.
The golf trolley market can be hampered by economic fluctuations and uncertainties, leading consumers to defer non-essential expenditures on golf-related gear when economic conditions worsen, consequently affecting sales. Furthermore, financial hardships can result in disruptions within the supply chain, impacting both the availability and pricing of products.
The Golf Trolley market experienced notable disruptions due to the COVID-19 pandemic. Lockdowns and logistical challenges temporarily hampered production and supply chains. Reduced golf course activity, stemming from social distancing measures, initially led to decreased demand for golf trolleys. However, a shift in consumer behavior emerged as some golfers opted for walking instead of using carts, boosting the demand for trolleys as a means of club transport. E-commerce platforms witnessed increased sales as physical stores closed temporarily. Hygiene concerns prompted the development of trolley accessories for sanitizers. While challenges persisted, some regions saw market recovery as restrictions eased, and golf regained popularity as a safe outdoor activity.
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The Golf Trolley Market is marked by numerous major players competing for market dominance by employing strategic initiatives, technological advancements, and expanding their range of products.
March 2021: Callaway Golf Company ("Callaway") (NYSE: ELY) and Topgolf International, Inc. ("Topgolf") successfully concluded their previously disclosed merger, subsequent to receiving approval from shareholders of both entities. This merger has resulted in the formation of a consolidated technology-driven golf enterprise, offering top-tier golf equipment, apparel, and entertainment experiences, establishing an unmatched presence in the industry.
September 2023: Scotty Cameron unveils the Concept X 7.2 LTD putter, a limited-release model merging the performance attributes of the Phantom X 7 with a tour-inspired plumbing neck.
(Source:www.scottycameron.com/articles/introducing-limited-release-concept-x-72-ltd/)
Top Companies Market Share in Golf Trolley Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America emerged as the dominant force in the golf market, commanding the maximum global revenue share. The United States, in particular, stood out as a golfing powerhouse, boasting the highest number of golf courses worldwide, with a staggering 15,000+ facilities. Notably, approximately 79% of these courses are publicly owned, catering to daily fee-paying players. The region's strong position is further fortified by the robust purchasing power of its consumers, who are keen to invest in leisure activities.
The Asia Pacific region is poised for remarkable growth. This surge is attributed to the escalating adoption of golf in countries such as China, Japan, Australia, South Korea, India, and Thailand. The inclusion of golf in the 2016 Olympics has spurred these nations to promote the sport actively, leading to government initiatives such as the construction of golf courses and the development of golf tourism. As a result, the Asia Pacific region is experiencing a burgeoning demand for golf-related products, contributing significantly to the sport's global expansion.
The current report Scope analyzes Golf Trolley Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Golf Trolley Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Golf Trolley Industry growth. Golf Trolley market has been segmented with the help of its Type, Application End User, and others. Golf Trolley market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The golf trolley market can be divided into two primary segments: Manual and Electric golf trolleys. Manual golf trolleys, characterized by their simplicity and affordability, rely on the golfer's physical effort for propulsion. They are favored for their low maintenance requirements and suitability for flat terrain. However, their growth has remained steady in recent years. In contrast, Electric golf trolleys, powered by batteries or electric motors, have surged in popularity.
The electric golf trolley segment stands out as the fastest-growing sector in the market. Its quick rise can be ascribed to golfers' changing tastes, who are looking for more advanced technological integration and increased convenience. Many people now prefer using electric trolleys since they can easily haul bulky golf bags and navigate any terrain, including steep courses. In response to this trend, manufacturers have introduced innovations like smartphone connectivity and GPS navigation, which has further fueled the segment's growth.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Golf Trolley Industry. Request a Free Sample PDF!
Leisure trolleys, favored by casual golfers, emphasize affordability and ease of use with manual operation. Professional trolleys, on the other hand, cater to competitive players, featuring advanced electric or remote-controlled models, sophisticated braking systems, and ergonomic designs. Meanwhile, the Others segment addresses specialized applications, including caddy and instructor-specific trolleys.
The fastest-growing segment is the professional category, driven by the sport's global popularity and the demand for high-performance solutions. Innovative features and eco-friendly options make it increasingly attractive to golfers, shaping the market's future.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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The golf trolley market can be segmented into four main categories: Men, Women, Kids, and Others. Men golfers typically prioritize durability and functionality in their trolleys. Women golfers, on the other hand, are an emerging and rapidly growing segment, with preferences leaning toward lighter, more compact, and aesthetically appealing trolley designs. The Kids segment represents a niche market requiring kid-friendly features. In contrast, the "Others" category includes seniors, disabled golfers, and those with specific needs, demanding specialized trolley designs to accommodate various requirements.
Among these segments, the women's segment is notably the fastest-growing. The surge in women's participation in golf has fueled a higher demand for golf trolleys tailored to their specific needs. Manufacturers are responding by developing lightweight, stylish, and functional trolley options for female golfers. As this trend continues to evolve, the women's segment is poised to lead the growth in the golf trolley market, presenting substantial opportunities for innovation and product expansion in this demographic.
The golf trolley market comprises various distribution channels, each catering to a specific customer base. Specialty stores, known for their personalized service and emphasis on quality, attract serious golfers seeking expert advice. Sporting goods chains offer a diverse range of options, appealing to both casual and dedicated golfers. On-course shops provide convenience to golfers in need of immediate solutions. Online stores, a rapidly growing segment, offer a wide selection, price comparisons, and the convenience of e-commerce shopping.
Among these segments, online stores stand out as the fastest-growing in the golf trolley market. The surge in online shopping, particularly accelerated by the COVID-19 pandemic, has fueled this growth. Online stores offer extensive choices, competitive pricing, and the convenience of remote shopping. Moreover, they enable manufacturers to expand their market reach, delivering a personalized shopping experience with product recommendations and reviews.
Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Golf Trolley Market is witnessing significant growth in the near future.
In 2023, the Manual segment accounted for noticeable share of global Golf Trolley Market and is projected to experience significant growth in the near future.
The Leisure segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Motocaddy , Callaway Golf Company and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Manual, Electric |
Application | Leisure, Professional, Others |
End User | Men, Women, Kids, Others |
Distribution Channel | Specialty Stores, Sporting Goods Chain, On-course Shops, Online Stores, Others |
List of Competitors | Motocaddy, Scotty's Golf, Callaway Golf Company, Powakaddy, BIG MAX Golf, Clicgear Industrial Design (Hong Kong) Ltd, Stewart Golf, JuCad Golfworld, BATCADDY, MGI Golf, Hill Billy USA LLC, Gulfstream, Sun Mountain Sports, Axglo International Inc, Glidewell, Others |
This chapter will help you gain GLOBAL Market Analysis of Golf Trolley. Further deep in this chapter, you will be able to review Global Golf Trolley Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Golf Trolley market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Manual have a significant impact on Golf Trolley market? |
What are the key factors affecting the Manual and Electric of Golf Trolley Market? |
What is the CAGR/Growth Rate of Leisure during the forecast period? |
By type, which segment accounted for largest share of the global Golf Trolley Market? |
Which region is expected to dominate the global Golf Trolley Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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