The analysts forecast global golf push and pull cart market to grow at a CAGR of 2.51% during the period 2016-2020.
We expect the global golf equipment industry will witness considerable growth, as the interest to play golf is growing across all user segments. For example, the number of female participants is increasing in golf tournaments, and the sport is becoming more popular among business individuals and amateur players. The industry is also focusing on expanding its presence in Brazil, Russia, India, and China (BRIC countries). China and India offer excellent business opportunities with growth in the number and purchasing power of high-income consumers.
The growth in urbanization and the rise of dual-earning households have also led to an increase in the per capita disposable income and purchasing power of the end-users. This has played a crucial role in increasing the participation rate and average expenditure on golf equipment. The rise of ultra HNIs is another opportunity for the golf equipment market. Vendors are using celebrity endorsements as a marketing strategy, which is expected to fuel the market growth in the future.Covered in this report
The report covers the present scenario and the growth prospects of the global golf push and pull cart market for 2016-2020.
The market is divided into the following segments based on geography:
- North America
The report, Global Golf Push and Pull Cart Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- BIG MAX
- Dynamic Brands (Bag Boy)
- Sun Mountain
Other prominent vendors
- Alphard Golf
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- Increased interest in health- and sports-related activities
- Seasonality of golf
- Rising number of ultra-high net worth individuals (HNIs)
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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