According to study, “Global Golf Equipment Market Size study, by Type (Golf Clubs, Golf Shoes), by Distribution Channel (Specialty Store, On Course Pro Shop, Sporting Goods chain, Online Stores, Others) and Regional Forecasts 2018-2025” some of the major companies that are currently working in the global golf equipment market are Acushnet Holdings Corporation, Amer Sports Corporation, Adidas AG (Taylor Made Golf Company), Callaway Golf Company, Bridgestone Sports Corporation Ltd., Beretta Holding S.p.A. Inc., PUMA SE, Parsons Xtreme Golf LLC, PING, Dixon Golf Inc., Cobra Golf Inc., The Golf Works, Roger Cleveland Golf Company Inc., Dicks Sporting goods Inc. (Golfsmith International Holdings, Inc.), Miura Golf Coast, Mizuna USA Inc., Wilson Sporting Goods Inc., Fila Golf, Sumitomo Rubber Industries Ltd. (Cleveland Golf Company), Nike Inc., Yonex Co. Ltd., True Temper Inc.
Golf equipment includes products which are used for playing the golf game or golf sport. The equipment include golf balls, bags, shoes, golf gloves, golf wear & golf gear, club, club head cover, towels, cart, tees, wedges, ball markers, putters, and other devices that help golfers in different ways. The equipment used for playing the golf sport usually sold at fast pace and at the relatively lower price by the manufacturer. Some of the major advantage associated with playing golf game includes superiority of golf for psyche or awareness which keeps us alert. Some of the other advantages associated with playing golf games include vital human contact that reduces anxiety, stress, reduces weight followed by low risk and injury of the sport etc.
Based on the type of product, the global golf equipment market is segmented into golf clubs, golf bags, golf balls & golf apparel, golf gloves, golf shoes and others (club head covers & tees). The golf clubs are defines as iron, putter, wood, and hybrid. The golf balls are defined as mark outs or x-outs, recycled balls, advanced balls and practice or range balls. Based on the distribution channel, market is segmented into sporting goods chain, specialty store, online stores, on course pro shop and many others. In addition, based on the end-user market is segmented into commercial and household.
The global golf equipment market is driven by escalating professional & amateur female golfers, followed by the launch of online booking portals, increase in disposable income of individuals, rise in interest areas for the golf tourism, and advancement in golf with the technological advancement with rise in enthusiasm for the sport among the middle class. However, market is also impacted by some of the restraining factors such as lack of infrastructure in the under developed economies, availability of the counterfeit products, busy work schedule and expensive golf membership & courses. In addition, an increasing popularity for the online stores shopping is adding to the major opportunity of the market.
Globally, the North American region holds the major market in terms of values for global golf equipment market on an account of modern lifestyle of the region’s population investment in leisure time activities. In addition, the Asia-Pacific region is also projected higher growth rate over the calculated period 2018-2025, caused by growing popularity of the golf across countries like China and India.
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Golf Equipment Market Research
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