Walking Cart Market Report: By Product Type (Electric Cart, Manual Cart, Push Cart, Pull Cart), Market Share, Size, Demand and Y-O-Y Growth Analysis

Market Overview

Walking carts have been in use since ages but with the technological innovations, their structure application has evolved over the time. Thus the advancing technology and high demand for its application in golf courses are driving the growth of the global walking cart market. Golf courses are the major end-users of the walking cart, demanding from manual to electric carts, majorly from the premium-priced category. Globally golf is played in 208 countries and accounts for around 7.4 million people engaged in playing golf. Therefore, golf carts have huge growth prospects all over the world. Moreover, walking carts are largely used at the retail stores and shopping malls making the shopping experience convenient. Walking carts are more preferred by the shoppers as compared to the shopping baskets available. Also, the hotel industry is continuously developing their infrastructure, where the application of walking carts has eased the process of engaging with customers in handling their luggage. Further, the electric carts have though reduced the manual efforts, but its high price tends to hurdle the growth of the market. Goldstein Research analyst forecast that the Global walking cart market is set to reach nearly USD 816 million by 2024, growing at a CAGR of 4.6% over the forecast period (2017-2025).

Global Walking Cart Market Segmentation

By Product Type

• Electric Cart
• Manual Cart
  • Push Cart
  • Pull Cart

Manual cart accounted for the largest market share of 61.4% in 2017 owing to its low price than the electric carts which is thus preferred by most of the users. The manual cart is expected to continue its dominance over the forecast period but with reduced market share.

By Pricing

• Premium-Priced
• Low Priced

By Distribution Channel

• Online
• Offline

By End-User

• Golf Courses
• Retail Stores
• Residential
• Others (Hotels, etc.)

By Geography

• North America (U.S. & Canada)  Global Walking Cart Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest Of Latin America)  Global Walking Cart Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Roe)  Global Walking Cart Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia)  Global Walking Cart Market {Market Share (%), Market Size (USD Billion)}
• The Middle East & Africa (GCC, South Africa, North Africa, Romea)  Global Walking Cart Market {Market Share (%), Market Size (USD Billion)}

Based on geography, North America dominated the global walking cart market share in 2017, accounted for 36.1%, followed by Europe market share, owing to the large application of walking carts in the large retail industry and in golf courses.  APAC walking cart market is thus expected to grow at a CAGR of 4.8% over the forecast period.

Covered In This Global Walking Cart Market Report                    

The report covers the present ground scenario and the future growth prospects of the walking cart market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.

Global Walking Cart Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Global walking cart market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Walking Cart Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

Our Global walking cart market report comprises of the following companies as the key players: Bag Boy Company, Big Max Golf, The Proactive Sports Group, Sun Mountain Sports, Inc., Adept Golf, Axglo Inc., Stewart Golf, Bat-Caddy, Cart-Tek Golf Carts, Wilson Sporting Goods, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Walking Cart Market Report

• What is the total market size by 2025 and what would be the expected growth rate of the market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

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