Automotive Walking Cart Market | Page 2

The global walking cart market is segmented into product type such as manual
walking cart and electric walking cart. Among these segments, electric walking
cart segment is envisioned to capture a remarkable CAGR over the forecast.
Likely, increasing number of golf course along with swelled disposable income of
the consumers is one the major factor fostering the market of walking cart.
Furthermore, rising golf tourism across the globe is also projected to supplement
the growth of walking cart market in near future.
Global walking cart market is projected to post a noteworthy CAGR during the
forecast period i.e. 2017-2024. Additionally, the walking cart market is riding on
the back of rapid urbanization along with rising adoption of innovative
technology. Moreover, the global walking cart market is projected to account for
exponential revenue by 2024.
The 4 wheel segment by wheel type is projected to seize a considerable CAGR
over the forecast period. In terms of geography, Europe and North America are
the most notable regional market of walking cart in 2016. Europe region captured
the lions share in the global walking cart market owing to presence of more than
7,400 golf courses. Apart from this, North America region accounted for the
second largest market of walking cart in 2016 aided by U.S. and Canada. Further,
rising adoption of advanced golf products on the back of rise in per capita income
is believed to propel he growth of walking cart market.
Changing Lifestyle of Consumers
Swelled disposable income along with changing lifestyle of the consumers has
encouraged the demand for walking cart. Moreover, rising penetration of lavish
hotels integrated with modern infrastructure such as golf courses, swimming
pools and others is also believed to foster the growth of walking cart market by
2024.
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Evolution of Walking Cart
Introduction of electric walking cart integrated with advanced features along with
continuous advancement in technology and rejuvenation of the golf industry are
some of the factors propelling the market of walking cart market across the globe.
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