Golf push and pull cart market to grow by USD 174.39 million from 2022 to 2027, Premiumization through product innovations to boost the market growth- Technavio
NEW YORK, Sept. 7, 2023 /PRNewswire/ — The golf push and pull cart market size is expected to grow by USD 174.39 million from 2022 to 2027, progressing at a CAGR of almost 5.07% as per the latest Technavio market research report. Premiumization through product innovations is the key factor driving the growth of the market. Using robotic concepts and motion sensors in the products support providers in bringing innovation to golf carts. One of the market players is Bat-Caddy, which makes battery-powered golf carts. The company manufactures innovative golf luggage carts that can be remotely and manually controlled. The batteries used in the carts are either sealed lead-acid or lightweight advanced lithium batteries. These new inventions in the regular golf push cart are driving the market. Therefore, factors such as premiumization due to product innovation are expected to propel the growth of the golf push and pull cart market during the forecast period. The report has been segmented by end-user (Commercial and Non-commercial), product (Manual carts and Electric carts), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Discover insights on market size before buying full report- Download FREE sample report
Golf Push And Pull Cart Market: Segment Overview
The commercial segment is estimated to witness significant growth during the forecast period. A major driver of this segment is the growing number of professional and amateur golfers and their increasing interest in pursuing a golf career. The market is primarily driven by the growing popularity and acceptance of golf as an active sport. The establishment of mini golf courses to increase guest flow and touted as a healthy pastime boosts the market, which is expected to drive the growth of the market through the commercial segment during the forecast period.
North America is estimated to contribute 44% to the growth of the global market during the forecast period. For now, get snapshot of comprehensive report Download FREE Sample Report
Leading Trend- Push-and-pull carts with seating facility is a primary trend shaping the growth of the market.
Significant Challenge- The portability and flexibility issues with golf carts are a challenge that affects the growth of the market. Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find more insights from a sample report!
What are the key data covered in the Golf Push And Pull Cart Market reports:
- Historic Market size
- Company landscape and analysis including Alphard Golf Inc., Axglo International Inc., Bat-Caddy LLC, 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
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The sports equipment market size is estimated to grow at a CAGR of 6.43% between 2022 and 2027. The market size is forecast to increase by USD 60.3 billion.
The Global Golf Equipment Market is estimated to decline at a CAGR of 2.77% between 2022 and 2027. The size of the market is forecast to increase by USD 1,418.41 million.
Golf Push And Pull Cart Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.07%
Market growth 2023-2027
USD 174.39 million
YoY growth 2022-2023 (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 44%
US, Canada, Japan, UK, and Germany
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled
Alphard Golf Inc., Axglo International Inc., Bat-Caddy LLC, 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
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 the forecast period
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Table of Technavio
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 Trends
11 Company Landscape
12 Company Analysis
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