Global Golf Equipment Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global golf equipment market will account to an estimated USD 8610 million in 2018 growing at a CAGR of 2.75% during the forecast period of 2019 to 2026

Global Golf Equipment Market

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Global Golf Equipment Market:

The items which are required by the golfer to play golf are referred as golf equipment. Golf club and golf ball are the most important equipment. Golf club is used to hit the ball in the golf. The golf club is made of shaft with a grip and club head. There are three types of golf clubs- woods, iron and putter. Woods are usually used for the long distance shots, iron are used for the variety of shots while putter are used on the green to roll ball into the hole. Other golf equipment’s are golf tees, ball markers, golf bag, golf carts, towel, club head covers, gloves and shoes. These days’ golfers have increased their demand for light weight, comfortable and fashionable shoes for usage on wet, rough and soft ground.

Segmentation: Global Golf Equipment Market

Global golf equipment market is segmented on the basis of type, distribution channel, end- use and geography.

By Type (Golf Clubs, Golf Balls, Golf Shoes, Golf Bags & Golf Apparel, Golf Gloves), Distribution Channel (Specialty Stores, Sporting Goods Chain, On- Course Shops, Online Stores), End- Use (Household, Commercial), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

FACTORS DRIVING GROWTH IN GOLF EQUIPMENT MARKET

Key Developments such as product launches and innovative developments

  • In February 2019, Golf News Net launched their Golf Trips Experts website which focuses on golf- travel content. This will provide the platform to the golf travelers to interact.
  • In February 2019, Ping announced the launch of their new G410 club range. They come in two options- the plus which is the first ever Ping which feature moveable weight and the SFT which has lighter swing weight and non- adjustable weights positioned over the heel.

Key Market Competitors:

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, PING, Cobragolf, 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.

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