Golf equipment comprises various
items that are used to play the sport of golf. Different types of equipment
include the golf ball, implements designed for striking the golf ball, devices
that used to play a stroke and items that in some way enrich the playing
experience. Other equipment includes balls, clubs, gloves, shoes, ball markers,
tees, club head covers, ball mark repair tools and other aids such as golf bag
and golf carts.
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Golf balls were made of a hardwood
such as a beech, whereas more expensive golf balls were made of leather skin
stuffed with down feathers. There are three major types of clubs including
woods, irons, and putters. A tee is an object, wooden or plastic, that is
pushed into or placed on the ground to rest a ball on top of for an easier
shot. The golfer typically transports golf clubs in a golf bag. Modern golf
bags are made of nylon, canvas and/or leather, with plastic or metal
reinforcement and framing. Golf carts are vehicles used to transport golf bags
and golfers along the golf course during a round of golf. Other equipment
includes towels, club head covers, ball mark repair tool, other aids such as
ball retrievers, rangefinders, stroke counters, positional guides, ball
washers, golf training aids.
Based on the equipment type, the
global golf equipment market is segmented as golf balls, golf clubs, and golf
shoes. The golf balls segment is further sub-segmented as recycled balls,
markouts or x-outs, practice or range balls, advanced balls. The golf clubs
segment is further sub-segmented as iron, wood, putter, and hybrid.
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Key factors fuelling the growth of
golf equipment market are the increase in golf tourism, the rise in a number of
professional and amateur female golfers, and the development of new golf
courses. Moreover, it is an outdoor activity that provides ample opportunities
for the consumers to spend their quality time. This, in turn, contributes to
the growth of golf equipment market. In addition, the increase in the number of
high net worth individuals in the emerging markets and the introduction of
customer-friendly online booking portals for the golf court are some of the
other factors driving the growth of the global market.
North America and Europe dominate
the global golf equipment market. Modern lifestyles of the North American
population to invest in leisure activities are the prime factor driving the
growth of golf equipment market. Moreover, the governments’ initiative to
promote region-based tourism is another factor impacting the growth of the
market in a positive way.
Major players dominating the global
golf equipment market are Callaway Golf Company, Bridgestone Golf, Cleveland
Golf, and TaylorMade. Other key players include Nike Golf, Dixon Golf, Dunlop
Sports Co. Ltd., Turner Sports Interactive Inc., and American Golf.
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Golf equipment Market: Regional Segment Analysis
·
North America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East and Africa
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