The advancement in technological development has increased the demand for the electric Golf Trolley Market
The estimated value of the global golf trolley market is expected to be USD 129.4 million in 2021 and to rise to USD 154.3 million by 2028 with a CAGR of 2.1 percent over the forecast period of 2022-2028.
Covid-19 Impact & Market Status
Initially, COVI-19 had a severe impact on the growth of the golf trolley market. This is because during the lockdown phase everyone has to remain inside. Due to this, people did not go outside to enjoy sports and other activities. As golf requires a large court, people lost their interest in golf. This caused a downfall in the golf trolley market. The golf trolley manufacturing and distribution channels stopped eventually and the companies faced a major challenge. The distribution channel could be shifted to online mode but it required the availability of golf players.
After the lockdown phase was over and people started taking their health and hobbies seriously, there was an increase in the number of golf players. Also, there is an increase in demand for advanced features in golf trolley bags like automatic charging and waterproof material. This increase led the golf trolleys production companies to experience an upward trend in their growth.
Electric Golf Trolleys Come With Various Advanced Features to Fetch High Profits
Due to various advanced features like tracking, easy operation, environment-friendly operation, the electric golf trolleys have gained significant growth in the golf trolley market. The electric golf trolleys support various features like WiFi connectivity that makes their location traceable by the user. Hence, the user has a sense of security that he won’t lose his product. Also, the electric golf trolleys work on batteries which means that we don’t need manual force to operate them. Therefore, they cover a wide variety of age groups. The electric trolleys work on electric energy and don’t produce smoke or dust. Hence, they are environment-friendly products. This enhances their features.
The European Golf Trolley Market to Expand at the Fastest Rate
The European golf trolley market is the dominant one. They have many golf trolleys manufacturing branches that focus on the production of high-quality and lightweight trolleys. Waterproof trolley bags are the new target of many companies. Hence, their golf trolley market is increasing rapidly and is expected to increase the CAGR by the end of the forecasted period. The European golf trolley market is the dominant one and is expected to have the highest sales by the end of the forecasted period. European golf trolley manufacturing companies are constantly focusing on improved trolley designs, high-quality lightweight material, and other aesthetics. This makes their products appealing and of high quality.
Manufacturers are trying out multiple innovations and promotional activities to induce global adoption and geographical expansion
A golf trolley is used to store and carry the golf equipment carefully. With an increase in the number of golf players, the demand for golf trolleys has increased. As people are taking sports seriously, golf is one of the sports that have shown a rise in the number of participants and popularity. With all this, people demand a proper toolkit to keep their golf sticks, clubs, and other equipment properly.
Manual and electric golf trolleys are available in the market. The electric golf trolley is in high demand than the manual one because it is easy to carry and operate. The manual trolley is also spacious and well-designed but it's difficult to carry that because the golf equipment is heavy. The electric trolleys are made up of environmentally friendly products and are safe to use. Also, they are easy to operate as they work on batteries. Hence, for those people who can’t do heavy work, an electric golf trolley is a preferable choice. This makes the electric golf trolley a better choice than the manual golf trolley.
Though, price is an important factor that impacts the choice of buyers. Electric golf trolley is usually expensive. Hence, due to budget constraints, people buy manual golf trolleys. Hence, manufacturers are using this as a lucrative opportunity by ensuring the affordability of the electric golf trolleys.
Also, people are showing high interest in sports recently. Their interest in national and Olympic sports is increasing. This increase in interest makes them practice their favorite sport. Among youngsters, golf is very popular. This increases the number of golf players which further increases the sales of golf equipment and toolkit. Hence, this increases the sales of golf trolleys. These factors are directly impacting the growth of the global golf trolleys market.
The disadvantage of electric golf trolleys is that they require batteries constantly to operate. This causes high resource usage and high cost. Due to this, many people can’t afford electric golf trolleys. The high battery usage doesn’t pollute the environment but it depletes the resources as we require many batteries. This causes high electric consumption. Also, many people don’t feel that operating an electric golf trolley is safe.
Though, there is no such case where these cause damage. The high cost of golf trolleys is one of the main factors for its decline in market growth. The material and batteries required in the set-up of an electric golf trolley are expensive, making them costly.
For the case of manual trolleys, they don’t require batteries and hence there is no case of resource overuse but they are difficult to operate as they require sufficient manual strength. This limits the use of manual golf trolleys. People who have less endurance or are weak due to some injury or health issue, can’t use a manual golf trolley.
Due to this, the manufacturing and design departments are thinking of an innovative way of making cheap and lightweight golf trolleys. This has introduced the concept of trolleys made of lightweight materials like plastic. This will make the golf trolleys lightweight, hence easy to operate, and affordable.
The golf trolleys come in varying sizes, colors, and materials. There is a big list of appealing trolleys. They have commercial as well as non-commercial applications. Hence, their market size and revenue are increasing.
The major players of the global golf trolley market are SUN MOUNTAIN SPORTS, Bat-Caddy, Axglo International Inc., Bag Boy Company, Golf Tech Golfartikelvertriebs GmbH, SPITZER Products Corp., Adept Golf, Motocaddy.
These companies are highly indulged in manufacturing top-quality golf trolleys. They are trying to improvise features like having silent motor and WiFi connectivity with the trolleys, in the case of electric golf trolleys. These features have attracted various commercial and non-commercial platform buyers. This helps to maintain track of the golf trolleys and hence updates the user about his belongings. This ensures security and proper use of technology.
Latest Innovations in the Global Golf Trolley Market: a Snapshot
- Bat-Caddy, Axglo International Inc., Golf Tech Golfartikelvertriebs GmbH, Adept Golf, and other major golf trolley manufacturing companies have shown tremendous growth in their sales.
- The key golf trolley manufacturing companies have added a new feature of waterproof trolley bags.
- RolleyGolf has shown high sales due to the addition of WiFi connectivity features in their golf trolley bags.
Golf Trolley Market Scope
|Revenue forecast in 2028
|USD 154.3 Million
|CAGR of 2.1% during 2018-2028
|Product Type, Application Type, Distribution Channel, Regions
|North America, Europe, Asia Pacific, LAMEA
|Key Players Profiled
|SUN MOUNTAIN SPORTS, Bat-Caddy, Axglo International Inc., Bag Boy Company, Golf Tech Golfartikelvertriebs GmbH, SPITZER Products Corp., Adept Golf, Motocaddy.
Key Segments of the Global Golf Trolley Market
Product Type Overview, (USD Million)
Application Type (USD Million)
Distribution Channel Overview, (USD Million)
Regional Overview, (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa