Bobby Yadav
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Market Overview
The global golf trolley market size was valued at USD 14,612.2 Million in 2024 and is projected to reach USD 22,397.7 Million by 2033. The market is expected to grow at a CAGR of 4.62% during the forecast period from 2025 to 2033. Growth is driven by the increasing popularity of golf, technological advances in electric trolleys, and the aging population seeking ergonomic solutions. North America currently holds the largest market share. For more details, see the Golf Trolley Market
Study Assumption Years
Market Growth Factors
The growth of the golf trolley market is mainly attributed to the increasing participation in golf as a leisure and professional sport. Popularity has risen among youth and women, providing a larger consumer base. The advancement and adoption of electric and remote-controlled golf trolleys, which offer convenience, energy efficiency, and GPS support, appeal to tech-savvy buyers. Lightweight materials and longer battery performance enhance user experience and expand market demand.
The growing elderly population, especially in developed economies, drives demand for golf trolleys by alleviating physical exertion during play. As golf becomes accessible to older players seeking ergonomic solutions, the demand for golf trolleys increases. Higher consumer incomes and the trend towards premium lifestyle products also contribute to accelerated market growth.
E-commerce platforms and segmented retail channels expand market accessibility by offering wide product choices and customization options, further boosting sales. Emerging markets in Asia-Pacific such as India and China represent substantial growth opportunities due to increasing urbanization, middle-class expansion, and adoption of Western leisure lifestyles.
Market Segmentation
By Type:
North America dominates the golf trolley market with over 52.6% share in 2024, owed to its mature golfing culture, extensive golf courses, and high disposable incomes in the USA and Canada. The region benefits from government promotion of golf tourism, well-developed retail infrastructure, and growing corporate golf culture. This strong foundation ensures North America's leading position in the global market.
Recent Developments & News
In November 2024, Stewart Golf introduced the V10 Remote electric trolley featuring Active Terrain Control and Cortex microchip for terrain adjustments. October 2024 saw Futurewave and Botronics launch iXi, the first AI-enabled self-driving golf trolley providing real-time gameplay analytics. August 2024, MGI released new electric trolleys enhancing comfort and style. May 2024, Stewart Golf releases the Q Follow Carbon trolley with Cerakote coating and collapsible chassis. In February 2024, Motocaddy launched seven foldable M-Series electric trolleys with innovative battery technology, GPS, and Downhill Control features.
Key Players
Request for customization: https://www.imarcgroup.com/request?type=report&id=12503&flag=E
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, considerations studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302
The global golf trolley market size was valued at USD 14,612.2 Million in 2024 and is projected to reach USD 22,397.7 Million by 2033. The market is expected to grow at a CAGR of 4.62% during the forecast period from 2025 to 2033. Growth is driven by the increasing popularity of golf, technological advances in electric trolleys, and the aging population seeking ergonomic solutions. North America currently holds the largest market share. For more details, see the Golf Trolley Market
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
- Current Market Size: USD 14,612.2 Million in 2024
- CAGR: 4.62%
- Forecast Period: 2025-2033
- The growing interest in golf as both a recreational and professional sport accelerates market growth.
- Technological advancements such as electric and remote-controlled golf trolleys with GPS and longer battery life are increasingly popular.
- Rising demand for eco-friendly, battery-powered golf trolleys supports market expansion.
- North America dominates with over 52.6% market share, driven by mature golfing culture and high disposable incomes.
- Emerging Asia-Pacific markets like India and China offer significant growth potential due to urbanization and rising middle class.
Market Growth Factors
The growth of the golf trolley market is mainly attributed to the increasing participation in golf as a leisure and professional sport. Popularity has risen among youth and women, providing a larger consumer base. The advancement and adoption of electric and remote-controlled golf trolleys, which offer convenience, energy efficiency, and GPS support, appeal to tech-savvy buyers. Lightweight materials and longer battery performance enhance user experience and expand market demand.
The growing elderly population, especially in developed economies, drives demand for golf trolleys by alleviating physical exertion during play. As golf becomes accessible to older players seeking ergonomic solutions, the demand for golf trolleys increases. Higher consumer incomes and the trend towards premium lifestyle products also contribute to accelerated market growth.
E-commerce platforms and segmented retail channels expand market accessibility by offering wide product choices and customization options, further boosting sales. Emerging markets in Asia-Pacific such as India and China represent substantial growth opportunities due to increasing urbanization, middle-class expansion, and adoption of Western leisure lifestyles.
Market Segmentation
By Type:
- Manual
- Electric: Dominated the market with 69.8% share. Electric trolleys provide physical effort savings and advanced features like remote control, GPS integration, and longer battery life. The rising need for eco-friendly, energy-efficient products propels electric trolley adoption.
- Online
- Offline: Holds a leading position with 78.9% share. Consumers prefer offline stores to physically inspect and test products. Specialty sports and golf equipment stores offer expert advice, product demonstrations, and after-sales services, enhancing customer satisfaction.
- Commercial
- Non-Commercial: Leads with 65.6% share, driven by individual golfers purchasing for personal use. Increased disposable incomes and ergonomic needs of elderly players further boost demand. Customization preference also secures this segment's leadership.
North America dominates the golf trolley market with over 52.6% share in 2024, owed to its mature golfing culture, extensive golf courses, and high disposable incomes in the USA and Canada. The region benefits from government promotion of golf tourism, well-developed retail infrastructure, and growing corporate golf culture. This strong foundation ensures North America's leading position in the global market.
Recent Developments & News
In November 2024, Stewart Golf introduced the V10 Remote electric trolley featuring Active Terrain Control and Cortex microchip for terrain adjustments. October 2024 saw Futurewave and Botronics launch iXi, the first AI-enabled self-driving golf trolley providing real-time gameplay analytics. August 2024, MGI released new electric trolleys enhancing comfort and style. May 2024, Stewart Golf releases the Q Follow Carbon trolley with Cerakote coating and collapsible chassis. In February 2024, Motocaddy launched seven foldable M-Series electric trolleys with innovative battery technology, GPS, and Downhill Control features.
Key Players
- Axglo International Inc.
- Bit-Caddy
- Cart Tek
- Dynamic Brands Inc.
- Golf Tech Golfartikelvertriebs GmbH
- Mocaddy Green
- Sun Mountain Sports Inc.
- Taylor Made Golf Company Inc.
Request for customization: https://www.imarcgroup.com/request?type=report&id=12503&flag=E
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, considerations studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302