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2020-09-01
768
Global
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 Market Intelligence analyst forecast that the Global walking cart market is set to grow at a CAGR of 4.6% over the forecast period (2017-2030).
By Product Type
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
By Distribution Channel
By End-User
By Geography
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.
The report covers the present ground scenario and the future growth prospects of the walking cart market for 2017-2030 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 2017-2030, 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.
The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Walking Cart Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Our Global walking cart market report comprises of the following companies as the key players:
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.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
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