Golf push and pull cart: Key market research findings
- Rise in global golf tourism
- Growing adoption of electric carts
Technavio has released a new market research report on the golf push and pull cart market, which is expected to grow at a CAGR of more than 2% between 2016 and 2020. Golf is gaining more popularity after its inclusion in the Summer Olympics to be held in Brazil in 2016. The rising awareness of the game, increase in the purchasing power and strong demand from the high-income group has fueled this market’s growth. Europe dominates the global market for golf pull and push carts, and has around 7,403 golf facilities spread across 40 countries. Much of this region’s growth comes from the rising demand for golf equipment in several European nations such as Germany, the Netherlands, and France.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Golf tourism is evolving into a billion dollar industry, and numerous experienced, and amateur golfers travel to popular golf tourism destinations. The GCC countries have become popular for the golf tourism and entertainment markets, driven by the availability of state-of-the-art facilities. For instance, Dubai and Abu Dhabi in the UAE rank among the top 10 destinations for golf tourism. These cities host many international golf events and competitions, including the Dubai Desert Classic, the Abu Dhabi Golf Championship, and the Qatar Masters,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
Electric carts account for a major share of this market. Electric golf carts move automatically using a motor and battery. A basic electric cart includes a simple speed controller. The golfer needs to hold the cart only to change the direction or if the slope of the golf course is too steep. Some advanced electric carts also have self-braking systems that can automatically climb steep slopes on the golf course.
The leading vendors in the golf push and pull cart market include BIG MAX, Dynamic Brands, ProActive, and Sun Mountain. This market is a competitive one, and key players are working on increasing their market share. Some of the challenges vendors face in this market are intense competitiveness, constant change in consumer preferences and technological advances. New and upgraded products are also influencing the market and consumers always look forward to trying them.
A more detailed analysis is available in the Technavio report, Golf Push and Pull Cart Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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