Push Pull Golf Cart Market

Push Pull Golf Cart Market Outlook (2022-2032)

The global push pull golf cart market stands at a valuation of US$ 123.8 million in 2022 and is forecasted to expand at a CAGR of 5.7% to reach US$ 215.4 million by the end of 2032.

As per the research by Fact.MR, from 2017 to 2021, the market value of push pull golf carts increased at 3.7% CAGR, with the U.S., U.K., Japan, Australia, South Africa, and Japan commanding high shares in the global market.

The current trend in the market is owning golf carts instead of renting, along with increasing consumer inclination towards remote-controlled golf carts. The global market is expected to witness prominent growth in 2022 with a Y-o-Y growth of 4.9%.

Manual push pull golf cart demand is predicted to witness growth at a moderate rate, whereas, remote-controlled push pull golf cart demand is projected to witness exponential growth.

Rising popularity of golf due to the public realization of recreational benefits such as health and fitness, along with an increasing number of golf tournaments and golf courses, will increase the sales of push pull carts over the coming years. Rising number of golf courses and tournaments post-pandemic, as people sought socially distanced outdoor activities, will contribute to the increased sales of push pull golf carts. Also, the increasing popularity of golf and acceptance of golf as an athletic sport will improve product sales in the years ahead.

Product innovation in push pull golf carts due to increased emphasis on improving the technology and design of the product will drive long-term growth in the market. Sales of push pull golf carts accounted for around 4% share of the global golf cart market in 2021.

Report Attributes	Details
Push Pull Golf Cart Market Size (2021A)	US$ 118 Million
Estimated Market Value (2022E)	US$ 123.8 Million
Forecasted Market Value (2032F)	US$ 215.4 Million
Global Market Growth Rate (2022-2032)	5.7% CAGR
North America Market Share (2022)	~ 52.6%
North America Market Value (US$ Mn), 2022	US$ 65.1 Million
Europe Market Share (%), 2022	~24.2%
Europe Market Value (US$ Mn), 2022	US$ 29.9 Million
United States Market Share (%), 2022	~45.4%
United States Market Value (US$ Mn)	US$ 56.2 Million
Top 3 Countries’ Market Share (%)	~63%
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

Why is Demand for Push Pull Golf Carts Rising Steadily?

“Increasing Development of Tourism and Hospitality Sectors Improving Sales of Push Pull Golf Carts”

Global rise in travel and tourism is one of the leading factors behind increasing investments in the hospitality sector by many organizations. This is likely to boost the construction of new hotels, golf resorts, and golf courses, which, in turn, will accelerate the demand for golf carts worldwide.

• According to a recent study by the World Travel & Tourism Council, in 2019, the travel and tourism sector contributed 10.3% to global GDP, which decreased by 5.3% in 2020 due to the COVID-19 pandemic and restrictions on mobility. However, in 2021, the share saw a significant increase of 6.1%.

Countries such as the U.S are seeing a rapid surge in the number of golfers, as over 24.8 million people played golf in 2020, a rise of 2% year over year and the highest increase in the last 17 years. With growing interest in sports activities, golf is becoming one of the most preferable sports worldwide. As a result, the demand for push pull golf carts is expected to witness considerable growth in the years ahead.

“Growing Number of Golf Cart Rental Services”

With growing awareness regarding push pull golf carts as a means of easy internal transportation to carry golf equipment, there is rising adoption of push pull golf carts in various tournaments and college events. Renting a push pull golf cart saves the additional expense of traveling with it.

A majority of customers choose rental services over owning a push pull golf cart for events. Also, major sports event management firms are increasingly renting push pull golf carts to provide a hassle-free experience at their tournaments by avoiding the need for the packing and unpacking of carts and reducing the chances of injury.

Due to this trend, most domestic manufacturers have extended their service portfolios by including golf cart rental services also. With the increase in rental services on a global level, the accessibility of push pull golf carts will become easier and will complement market growth. As a result, a huge rise in the number of dedicated rental service providers is being witnessed these days.

What Concerns Should Push Pull Golf Cart Manufacturers Watch Out For?

“Rising Popularity of Electric Golf Carts”

Electric golf carts offer various benefits. There is growing customer preference for these carts rather than the pull and push ones. An electric golf cart is cost-efficient, environment-friendly, and creates zero noise pollution. Rising shift towards sustainable energy sources is aiding the increasing popularity of electric golf carts. These carts also provide greater performance and have a lower depreciation rate.

On the other hand, pull & push carts are operated manually and golfers need to push or pull them accordingly with their hands. This process burns calories and may affect the golfer’s performance. Thus, with the increasing popularity of electric golf carts and various disadvantages associated with push & pull carts, market growth is expected to be hampered to some extent.

“High Dependence on U.S. and U.K. Manufacturers”

The global push pull golf cart market is highly dependent on imports from countries such as the U.S and U.K. due to the higher number of golfers and registered golf courses in these countries, which can be concerning for the market.

Any fluctuations in the supply chain of push pull golf carts from these countries could result in delays in these products reaching customers, which may hinder the global market. The market share of the U.S is expected to be 45% in 2022 and will play a major role in market progress.

The market is highly reliant on leading manufacturers, who are mostly present in the U.S. and U.K., resulting in a dependence on imports. Besides, imported push pull golf carts come with additional costs due to import charges and other tariffs, which will dent the penetration of the market in other regions.

Market share analysis of push pull golf carts based on end use and region. Under the end-use segment, golf courses dominate with 39.9% market share in 2022.

Country-wise Insights

How is the Popularity of Golf in the U.S. Positively Impacting the Push Pull Golf Cart Market?

The U.S. accounts for the majority of the market share in North America. There is a high volume of production observed in the country, and a prime reason for this is that nearly 25 million people played golf in the U.S., as per the National Golf Foundation, in 2020, which is around 8% of the population.

In the U.S., it is predicted that more than 163,400 push pull golf carts will be manufactured in 2022, which is expected to increase exponentially over the coming years.

Due to the above-mentioned factors, the U.S. represented 86.4% of the North American market share in 2021. Since the U.S. is a forerunner in this market, any glitches in the country's economic or political scenario may have adverse effects on the global push pull golf cart market.

What is the Scenario for the Japan Push Pull Golf Cart Market?

Japan has 2,349 golf courses spanning 6,852 islands, including the four main islands of Hokkaido, Honshu, Shikoku, and Kyushu, ranging from revered top 100 courses to riverside putts and pitches. Even now, Japan has more golf courses than the U.K. and is one of the oldest golfing scenes outside North America and Europe.

With the evident growth of golf courses in Japan, the push pull golf cart market is predicted to surpass a valuation of US$ 19.4 million by 2032, and is hence considered a profitable market.

Category-wise Insights

How are 3 Wheel Push Pull Golf Carts Performing in the Market?

Revenue generated from 3 wheel push pull golf carts is expected to increase at 5.2% CAGR during the forecast period. Due to their benefits of maneuvering better in tighter spaces and a compact design, this segment is expected to hold a major market share during the forecast period. Also, 3 wheel golf push pull carts are lightweight and more affordable as compared to 4 wheel golf carts.

In 2022, 3 wheel push pull golf carts are predicted to hold the highest market share of 70.6% with a market value of US$ 87.4 million.

Will the Popularity of Remote Controlled Push Pull Golf Carts Rise?

Remote controlled push pull golf carts are convenient, enabling a hands-off approach to moving golf bags around the course, and have variable speed options. They come with benefits such as easily climbing steep hills with rough terrains and descending with ultimate downhill speed control by reducing muscle strain.

Remote-controlled push pull golf carts are predicted to have a market value of US$ 143.5 million by 2032 and are expected to gain 700 BPS by 2032. The top manufacturers of remote-controlled push pull golf carts are Bat caddy LLC and Motocaddy.

Competitive Landscape

Prominent manufacturers of push pull golf carts are 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., and Walker Trolleys.

Major players are focusing on launching new products that are technologically advanced and compact and lighter with larger storage.

• Prominent players such as Sun Mountain and Motocaddy are adding folding lock features and launching push pull golf carts suitable for rough terrains to improve market penetration and gain a larger market share.
• Golfstream recently launched the Express Push model with a patented one-touch folding mechanism, guaranteeing that it shifts from flat to functional in a matter of seconds.
• Bag Boy is also launching technologically advanced self-opening push carts and wheels with swiveling technology.

Fact.MR has provided detailed information about the price points of key manufacturers of push pull golf carts positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

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

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA