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Global Golf Equipment Market 2016-2020

Global Golf Equipment Market 2016-2020

About Golf Facility

Golf facility operations contribute the largest share of revenue to the golf economy. They generate their revenues from membership fees, range fees, golf car rentals, and associated spending on food and beverages. The revenue generated helps in supporting the supply sectors including golf equipment manufacturers.

Technavio’s analysts forecast the global golf equipment market to grow at a CAGR of 1.97% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global golf equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of golf equipment to individual consumers.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Golf Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bridgestone Golf
  • Callaway
  • Cleveland Golf
  • Nike
  • TaylorMade Golf
Other prominent vendors
  • Cobra Golf
  • Mizuno
  • PING
  • Wilson
  • Yonex
Market driver
  • Substantial association initiatives and sponsor deals
  • For a full, detailed list, view our report
Market challenge
  • Rising interest in fantasy golf
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of FootGolf
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Golf Equipment Market 2016-2020

Technavio recognizes the following companies as the key players in the global golf equipment market: Bridgestone Golf, Callaway, Cleveland Golf, Nike, and TaylorMade Golf.

Other Prominent Vendors in the market are: Cobra Golf, Mizuno, PING, Wilson, and Yonex.

Commenting on the report, an analyst from Technavio’s team said: “Advances in golf technology will be a key trend for market growth. Golf equipment manufacturers are making continuous efforts to develop technologically advanced equipment to attract sports enthusiasts. Vendors are developing modern, customized golf equipment to motivate consumers to replace their equipment with upgraded versions. For instance, TaylorMade Golf developed RocketBallz in 2014, which is the first fairway wood that offered a coefficient of restitution of 0.83. This indicates that when the club head hits the ball, 83% of the energy is transferred to the ball.”

According to the report, growth in the golf tourism industry will be a key driver for market growth. Golf tourism is currently evolving as a billion-dollar industry. Many experienced and amateur golfers spend time in popular golf tourism destinations. in addition, many new regions have adopted golf as an important sport, where heavy investments are being made in infrastructural enhancements pertaining to the game. For example, GCC and the Caribbean countries have become popular for golf tourism, driven by the availability of advanced facilities. The GCC countries have also advanced significantly in the promotion of golf to help attract international golfers. Dubai and Abu Dhabi rank among the top 10 favorable destinations for golf tourism. They host many international golf events and competitions, including the Dubai Desert Classic, the Abu Dhabi Golf Championship, and the Qatar Masters.

Further, the report states that rising interest in fantasy golf will be a challenge for the market. A fantasy sport, also called the rotisserie or roto, is a kind of an online game where different participants, assemble virtual and imaginary teams with real players, belonging to a professional sport. Thereafter, these virtual teams compete with each other based on the statistical performance of the selected players in the actual game in real life. Fantasy golf games have been increasing in popularity over the years. DraftKings, a Boston-based start-up for fantasy golf games, has stated that the users of their product have grown 10-fold over a period of one year from 2014 to 2015.

Companies Mentioned

Bridgestone Golf, Callaway, Cleveland Golf, Nike, TaylorMade Golf, Cobra Golf, Mizuno, PING, Wilson, and Yonex.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global golf equipment market by product type
      • Table List of countries by geography
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Golf industry ecosystem
      • Table Golf industry ecosystem
    • Golf industry across the globe
      • Table Cumulative supply of 18-hole equivalents (HEQs) in US 2007-2014
      • Table Number of golfers in the US 2010-2014 (millions)
      • Table Average number of registered golfers in Europe 1195-2014 (millions)
      • Table Distribution of registered golfers in Europe 2014
      • Table Golfers in Europe in 2015
  • Market landscape
    • Market overview
      • Table Overview of the global golf equipment market
    • Market size and forecast
      • Table Global golf equipment market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global golf equipment market by product type
    • Table Global golf equipment market by product type 2015 and 2020
    • Global golf clubs market
      • Table Global golf clubs market 2015-2020 ($ billions)
      • Table Product segmentation of the global golf clubs market 2015
      • Table Different types of wedges
    • Global golf balls market
      • Table Global golf balls market 2015-2020 ($ billions)
    • Global golf bags market
      • Table Global golf bags market 2015-2020 ($ billions)
      • Table Global golf push and pull car market segmentation by product 2015
    • Global golf shoes market
      • Table Global golf shoes market 2015-2020 ($ billions)
  • Market segmentation by retail formats
    • Table Global golf equipment market by retail formats
    • Table Global golf equipment market by retail formats 2015
    • Table Global golf equipment market by retail formats 2020
    • Table Analysis of different retail formats based on key parameters
  • Geographical segmentation
    • Table Geographical segmentation of the global golf equipment market 2015 and 2020
    • Golf equipment market in North America
      • Table Golf equipment market in North America 2015-2020 ($ billions)
      • Table Segmentation of the US golfers by annual rounds 2014
      • Table Segmentation of the US golfers by age 2014
      • Table North America: Golf industry statistics
    • Golf equipment market in APAC
      • Table Golf equipment market in APAC 2015-2020 ($ billions)
      • Table APAC: Golf industry statistics
    • Golf equipment market in Europe
      • Table Golf equipment market in Europe ($ billions)
      • Table Number of registered golfers in Europe 2005-2015 (millions)
      • Table Top golfing countries in Europe 2015
      • Table Europe: Golf industry statistics
    • Golf equipment market in ROW
      • Table Global golf equipment market in ROW 2015-2020 ($ billions)
      • Table ROW: Golf industry statistics
  • Market drivers
    • Growth in the golf tourism industry
      • Table Consumer behavior pertaining to golf tour bookings
    • Substantial association initiatives and sponsor deals
    • Growing popularity of pro-golf tournaments
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Rising interest in fantasy golf
    • Orthodox norms
    • Elite nature of the game
      • Table Household income of golfers in US 2014
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Advances in golf technology
    • Integrated mobile solutions
    • Growing popularity of FootGolf
  • Vendor landscape
    • Competitive scenario
      • Table Global golf equipment market: Major vendors
      • Table Key vendors: Radar chart analysis
    • Bridgestone Golf
      • Table Product and geographical segmentation 2015
    • Product segments
      • Table Bridgestone Golf: Product segments
    • Recent developments
    • Callaway
      • Table Product and geographical segmentation 2015
    • Product segmentation
      • Table Callaway: Product segmentation
    • Cleveland Golf
      • Table Cleveland Golf: Product segmentation
    • Nike
      • Table Nike: Product segmentation
    • Recent developments
    • TaylorMade Golf
      • Table Adidas: Geographical segmentation by revenue 2015
      • Table TaylorMade Golf: Product segmentation
    • Other prominent vendors
      • Cobra Golf
    • Mizuno
    • PING
    • Wilson
    • Yonex
  • Appendix
    • List of abbreviations
  • Explore Technavio

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