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.
For more information on the research
report, refer to below link:
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Research
Ankur
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