Golf Trolley Market Size, Share & Trends Analysis Report By Product (Manual, Electric), By Application (Commercial, Non-commercial), By Distribution Channel, By Region, And Segment Forecasts, 2019 - 2025

Report Overview

The global golf trolley market size was valued at USD 151.8 million in 2018. Increasing promotion of golf tourism across the world is a key driving factor for this market. Furthermore, various government initiatives aimed for the construction of professional golf courses, tournaments, and workshops have been boosting the demand for the product across the globe.

Over the past few years, people around the world have shown increasing interest in this sport. More than 35% of the U.S. population played, read, or watched the sport in 2018. Around 24% of adults aged between 18 to 64 years have shown the interest in playing golf around the world. Among them, people aged 18 to 34 years have shown more interest than the older population. The participation rate of young players has been increasing steadily across the world. Juniors and young adults represented around 35% of all on-course players in the U.S.

Inclusion of golf in the Olympic and increasing number of tournaments have been encouraging people to participate in this sport. The governments of several countries are promoting the sport by proving facilities for this industry. For example, after the Commonwealth Games 2010, the Ministry of Tourism, Government of India, has been focusing on the development of golf tourism in the country. As of 2018, the country had more than 200 courses across the nation. These initiatives are expected to drive the demand for the product in these nations.

Golf is considered to be a status symbol in several countries. As a result, a large number of high-income group people participate in this sport to maintain their status in society. Rising disposable income of the working class professionals in developing countries including China and India is expected to raise the participation rate of the sport in the near future.

Product Insights

As of 2018, the electric products held the largest share of more than 65.0% and is anticipated to witness the fastest growth in the mocking years. These products are more beneficial for players as compared to manual counterparts. Generally, electric products are lightweight as they are made of plastic for convenience. Electric products are the perfect option for golfers who are suffering from serious health issues, as they do not require physical effort to move them. Unlike manual push or pull trolleys, these products do not slow down players from carrying equipment around the course.

The electric products can be controlled with a battery-operated remote for the ease of the players. Furthermore, these eco-friendly products do not produce any harmful emissions, which allow them to operate in indoors. In addition, the quitter electric trolleys provide a more calm experience around the course. Electric products are gaining remarkable popularity among the players over the world due to the above-mentioned advantages associated with them.

Distribution Channel Insights

The offline held the largest share of more than 70.0% in 2018. Increasing penetration of sports and specialty shops is one of the major factors attracting consumers. Provision of the required information and support to consumers by skilled customer service personnel has been positively influencing the offline sale of the product.

The online distribution channel is expected to be the fastest growing segment, expanding at a CAGR of 4.2% from 2019 to 2025. Increasing popularity of e-commerce, especially among the millennial consumers, as a result of rapid digitalization is anticipated to fuel the online sales of the product. Furthermore, convenient purchasing and checkout processes of online retailers including Amazon are expected to boost the growth of e-commerce in the near future.

Application Insights

The non-commercial application segment dominated the global golf trolley market in 2018, accounting for over 60.o% share of the total revenue. According to the report published by the Royal and Ancient Golf Club of St Andrews, the public clubs accounted for more than 70.0% of the total number of clubs across the globe. Over the past few years, this game has shifted from being a game played mostly by the upper class at private clubs to a game that is played by the middle class at public golf courses. Majority of the players prefer to join the less expensive public clubs. As a result, the non-commercial application of the product has increased significantly over the world.

The number of public courses has been significantly increasing over the world. Pebble Beach Golf Links, St Andrews Links, and Musselburgh Links are some of the popular public courses across the world. On the other hand, private clubs are relatively expensive as they provide highly personalized services. These clubs are less crowded and offer facilities including refined dining, social activities, pristine courses, and luxury amenities for the entire family. As a result, only upper-income class consumers can afford it. Hence, the commercial segment is responsible for the smaller share of the global revenue.

Regional Insights

As of 2018, North America dominated the market, accounted for more than 50.0% share of the global revenue. The U.S. held the largest number of courses in the world. The U.S. alone has more than 15,000 golf facilities. Among them, around 77% are public owned clubs serves to the daily fee-paying players. In addition, consumers of this region are willing to invest in leisure activities due to their high purchasing power.

Asia Pacific is expected to expand at the fastest CAGR of 4.9% from 2019 to 2025. Increasing adoption of sports in the countries including China, Japan, Australia, South Korea, India, and Thailand is fueling the demand for the product. Furthermore, inclusion of the sport in the 2016 Olympics has been encouraging these countries to promote the sport through government initiations such as construction of courses and golf tourism.

Key Companies & Market Share Insights

Key manufacturers 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. Over the past few years, producers are engaged in product innovations and have invested a significant amount in research and development in order to gain a competitive advantage.

In 2017, RolleyGolf Experience launched a hop-on power golf trolley that allows the player to ride or walk around the course effortlessly. This product is made up of aircraft-grade titanium and it has features such as Wi-Fi connectivity, compact fold up, and refined silent motor. This innovative product has gained remarkable popularity among consumers.

Golf Trolley Market Report Scope 

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels, and provides an analysis on the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global golf trolley market report based on product, application, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Manual

  • Electric

• Application Outlook (Revenue, USD Million, 2015 - 2025)

  • Commercial

  • Non-commercial

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • Offline

  • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • Japan

    • China

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa