— Global Golf Equipment Market is expected to rise from its initial estimated value was USD 8610 million in 2018 to an estimated value of USD 10697 million by 2026, registering a CAGR of 2.75% in the forecast period of 2019-2026. The introduction of the customer friendly online booking portals for the golf court is the factors which gave rise to the global golf equipment.
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Golf equipment consists of all the items which are required to play golf. These items include golf clubs, golf balls, golf shoes, golf gloves etc. The two most important items are golf ball and golf club. Golfers have different golf clubs that are specialized for different shots. There are five different types of club: woods, irons, hybrids, wedges and putters. Wooden clubs are popular among the golfers as they are usually used for the long shots. These days golfers demand for the light weight, comfortable and fashionable shoes for usage on wet, rough and soft ground, which also contributed in the increase of the market rapidly.
Key Market Competitors: Global Golf Equipment Market
Few of the major competitors currently working in the golf equipment market are
• Callaway Golf Company,
• TAYLORMADE GOLF COMPANY,
• Acushnet Company,
• Roger Cleveland Golf Company,
• Mizuna USA Inc.,
• Wilson Sporting Goods,
• PARSONS XTREME GOLF, LLC,
• Bridgestone Sports Co., Ltd,
• Sumitomo Rubber Industries Ltd.,
• Golf Galaxy,
• Golfsmith International Holdings Inc.,
• Nike, Inc.,
• Amer Sports,
• Dixon Golf, Inc.,
• Fila Golf
• The growth of golf equipment market led to growth in golf tourism, rise in professionals and amateur golfers and development of new golf courses.
• Golfer needs a good equipment to play but this can be very expensive.
Segmentation: Global Golf Equipment Market
• Golf Clubs
• Golf Balls
• Golf Shoes
• Golf Bags and Golf Apparel
• Golf Gloves
By Distribution Channel
• Specialty Stores
• Sporting Goods Chain
• On- Course Shops
• Online stores
By End Use
• North America
• South America
• Middle East & Africa
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Queries Resolved In This Report:
1. Which will be the specialties at which Global Golf Equipment Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set nearness?
2. Which will be the foreseen development rates for your own Global Golf Equipment Market economy out and out and furthermore for each portion inside?
3. Which will be the Global Golf Equipment Market application and sorts and estimate joined intently by makers?
4. Which will be the dangers which will attack growth?
5. The length of the Global Golf Equipment Market opportunity?
6. How Global Golf Equipment Market share advance vacillations their value from various assembling brands?
Key Developments in the Market:
In January 2019, PING launched its G410 family of golf equipment. It is highlighted by the G410 plus driver comprising a moveable weight for custom shot shaping, and its impressive game improvement G410 irons. Due to its advanced custom fitting, G410 will deliver highest MOIs and balls speed available.
In January 2019, TaylorMade launched its new game improvement irons Speed Bridge M5 and M6 which are made with structural beam that connects the topline an the sole of the black cavities. With more flexible Speed Pocket in 4-7 irons help to maximize carry and distance.
Competitive Analysis: Global Golf Equipment Market
Global golf equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of golf equipment market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Research Methodology: Global Golf Equipment Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
• Competitive analysis of key competitors involved in the market
• Complete analysis of Market Segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
• Market Drivers and Restraints analysis along with the analysis of the market structure
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