Rising Number of Golf Courses across the World Driving Sales of Push Pull Golf Carts, Says Fact.MR

Rockville, Nov. 14, 2022 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global push pull golf cart market is estimated at US$ 123.8 million in 2022 and is expected to expand at 5.7% CAGR during the forecast period (2022-2032). The market is poised to grow due to increasing number of golf courses and rising participation in golf as a sport across the world.

The growing popularity of golf is leading to the opening of new golf courses worldwide, which is pushing up the demand for golf equipment such as push and pull golf carts.

• As per the National Golf Foundation (NGF), a record 3.2 million people played on a golf course for the first time in 2021. The golf course industry has had 8 consecutive years with over 2 million beginner level players, with the past two years topping 3 million.
  

North America accounts for a leading share in the development of golf courses (32%), followed by Asia Pacific and Europe, which are 30% and 24%, respectively. In the case of golf courses under development, North America, Asia, and Europe cumulatively account for 80% of such projects. Further, increasing number of junior golf players is contributing to tremendous demand for golf equipment such as golf carts, tees, balls, and others.

Download Sample Copy of This Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=7837

The global number of golfers was 66.6 million in 2021, which is an increase of 5.6 million from 2016. The Asia Pacific region has seen the largest increase in golf players, from 20.9 million to 23.3 million, followed by Europe (7.9 million to 10.6 million), and North America (29.9 million to 30.6 million) between 2016 and 2021.

Key Takeaways from Market Study

• The global push pull golf cart market is projected to expand at a CAGR of 5.7% and reach US$ 215.4 million by 2032.
• The market expanded at 3.6% CAGR from 2017 to 2021.
• 3 wheel push pull golf carts are valued at US$ 87.4 million in 2022 and are predicted to dominate the market.
• The U.S. dominates the North American market by accounting for 86.4% share in 2022.
• Hand operated push pull golf carts are likely to represent 72% market share in 2022.
• Remote controlled push pull golf carts are predicted to account for a market valuation of US$ 73.8 million in 2022.

“Increased disposable income and rising appeal of golf as a luxury pastime to positively influence market expansion,” says a Fact.MR analyst.

Segmentation of Push Pull Golf Cart Industry Research

• By Type:
  • Manual
  • Remote Controlled
    
    
• By Wheel:
  
  • 3 Wheel
  • 4 Wheel
    
    
• By Braking System:
  
  • Hand Operated
  • Foot Paddle
    
    
• By End Use:
  
  • Golf Courses
  • Personal
  • Commercial
  • Institutes
    
    
• By Sales Channel:
  
  • Online Sales
    • Company-owned Platforms
    • e-Commerce Websites

• Offline Sales
  • Sports Variety Stores
    • Franchised Stores
    • Independent Stores
  • Other Sales Channel
    

Get Customization on this Report for Specific Research Solutions - https://www.factmr.com/connectus/sample?flag=RC&rep_id=7837

Market Development

Companies are continuously adding new features to make their products more user-friendly.

• Leading golf cart manufacturer Bag Boy launched a 3 wheel push cart named 'TriSwivel II', featuring 'Swivel Tech' technology that lets the front wheels swivel 360 degrees, providing an incredible amount of manoeuvrability. Players can also quickly engage and disengage swivelling front wheel based on the terrain they are traversing with the top mounted lever called “Swivel Lock”, along with three-step easy fold process.
  
• Big Max ultra slim Blade IP push cart, which won the Golf Digest’s, Editors Choice Award in 2022, is one of the most compact push carts available on the market today. The Blade IP push cart has 'Flat Fold Technology', making it 40% smaller than comparable products in the ultra-compact class of push carts and weighs just 14.33 lbs.
  

Key Companies Profiled

• Axglo International Inc.
• Bat-Caddy LLC
• Big Max Golf
• Clicgear Industrial Design (Hong Kong) Ltd.
• Dynamic Brands
• INESIS (Decathlon)
• JUTEC Biegesysteme GmbH & Co. KG
• Kaddey
• KVV SPORTS LTD
• MacGregor
• MGI Golf
• MotoCaddy
• PowaKaddy
• Stewart Golf USA
• Sun Mountain
• TaylorMade Golf Co.
• Walker Trolleys
  

Get Free Access of Complete Report – https://www.factmr.com/checkout/7837

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global push pull golf cart market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (manual, remote controlled), wheel (3 wheel, 4 wheel), braking system (hand operated, foot paddle), end use (golf courses, personal, commercial, institutes), and sales channel (online sales (company-owned platforms, e-Commerce websites), offline sales (sports variety stores (franchised stores, independent stores), other sales channels)), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Check out more related studies published by Fact.MR Research: 

Golf Cart Market: The golf cart market revenue is likely to touch US$ 2.9 Bn by 2021, according to Fact. MR. The overall golf cart market is expected to reach US$ 5.4 Bn by 2031, expanding nearly 2x. Demand for electric golf carts is expected to be influenced by the 5 market players, holding 48% of the golf cart market in 2021.

Automotive Remote Diagnostics Market: The increasing production of light commercial vehicles globally is expected to drive the automotive remote diagnostics market. The emergence of remote vehicle diagnostics equipment in the LCV segment is helping achieve reduced downtime during maintenance and service.

Automotive Human Machine Interface Market: The global automotive human machine interface (HMI) market is valued at US$ 11.3 billion and is expected to reach US$ 32.1 billion by the end of 2032. Worldwide demand for automotive human machine interfaces is projected to increase at a stellar CAGR of 11% over the next ten years.

Automotive Windshield Market: Currently, the global automotive windshield market enjoys a valuation of US$ 16.6 billion and is predicted to reach climb to US$ 22.8 billion by the end of 2027. Worldwide shipments of automotive windshields are expected to increase at a CAGR of 6.5% from 2022 to 2027.

Vehicle Anti-theft System Market: At present, the global vehicle anti-theft system market stands at a value of US$ 11.5 billion and is projected to reach US$ 16.2 billion by the end of 2027. Worldwide sales of vehicle anti-theft systems are anticipated to increase rapidly at a CAGR of 7.1% through 2027.

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Tel: +1 (628) 251-1583