Walking Cart Market Overview
Walking cart is designed to carry a golf clubs, golf bags and other golf equipment around a golf course. It helps the golfer to carry various golf equipments without hiring a caddy. These walking carts are available in two types, manual walking cart and electric walking cart. These walking carts are widely adopted by consumers on the accounted of numerous features such as walking carts are portable, environmental friendly and others.
Market Size and Forecast
The global walking cart market is expected to grow at a robust growth over the forecast period i.e. 2017-2024. Further, the market of walking cart is riding on the back of numerous factors such as increasing number of golf courses globally and growing adoption of innovative technology.
The global walking cart market is segmented into product type, wheel type, end-user, price range and distribution channel. Moreover, product type is sub-segmented into manual walking cart and electric walking cart. In addition to this, electric walking cart captured the largest market of overall walking cart market in 2016. Apart from this, electric walking cart is predicted to show a tremendous growth over the forecast period due to rising adoption of electric powered carts.
In terms of regional platform, Europe and North America are the most prominent regional market of walking cart in 2016. Europe region is believed to dominate the global walking cart market aided by Western Europe countries such as U.K., France, Netherland and others. In Europe region, there are around 7,400 golf courses which in turn believed to augment the demand for walking cart. Further, the growth of Europe walking cart market is attributed to the large golf infrastructure and increasing golf tourism in this region.
North America accounted the second largest market of walking cart in terms of revenue in 2016. Further, U.S. and Canada are the major countries augmenting the demand for walking cart owing to the advancement in technology and rejuvenation of the golf industry. Asia-Pacific region is projected to showcase a significant growth over the forecast period. Moreover, the major countries witnessing the augmented demand for walking cart include Japan, China and others. Likely, rapid urbanization and changing lifestyle of the population are envisioned to foster the growth of walking cart market in Asia-Pacific region.
Our in-depth analysis segmented the global walking cart market in the following segments:
By Product Type
- Manual Walking Cart
- Electric Walking Cart
By Wheel Type
- 3 Wheel
- 4 Wheel
By Price Range
- Premium Price
- Low Price
By Distribution Channel
- Online Store
- Offline Store
Global walking cart market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers and Challenges
Factor such as growing golf tourism, rising adoption of innovative technology such as walking cart and increasing technological advancement in walking cart for instance electric walking cart are believed to be the major factor behind the rapid growth of walking cart market across the globe. Further, rapid urbanization in developed and growing economies such as U.S., China, Australia, and others along with swelled disposable income of the population are projected to bolster the growth of walking cart market by the end of 2024.
Furthermore, increased penetration of international hotels with modern infrastructure such as golf courses, swimming pools and spas across the globe are envisioned to propel the growth of walking cart market. In addition to this, urbanization is changing the lifestyle of the population is predicted to boost the growth of electric walking cart market. Moreover, rising number of golf courses in developed nations such as China, U.S., Germany, UK and others are propelling the demand for walking golf carts.
However, high cost associated with electric golf cart is expected to hamper the growth of walking cart market over the forecast period. Moreover, low adoption rate of walking carts by golf players in underdeveloped and developing nations are predicted to hinder the growth of walking cart market.
Top Featured Companies Dominating the Market
The major key players for walking cart market are as follows
- Big Max Golf
- Company Overview
- Key Product Offerings
- Business Strategy
- SWOT Analysis
- Bag Boy Company
- The Proactive Sports Group
- Sun Mountain Sports, Inc.
- Adept Golf
- Axglo Inc.
- Stewart Golf
- Cart-Tek Golf Carts
- Wilson Sporting Goods