Expansion of Global Golf Equipment Industry is Forecast to Reach 1.9% P.A.

Date: 2015-08-12

“The expansion of the global golf equipment industry is forecast to reach 1.9% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 0.3%. Currently, golf clubs account for 50.5% of the global demand while the remaining market share is divided between golf balls (18.1%) and other golf equipment (31.4%).

China, Japan, South Korea, the United Kingdom and the United States represent the largest golf equipment markets while the strongest annual growth is forecast to occur in Ecuador (12.3%), Moldova (10.9%), China (5.8%), Morocco (4.9%) and Malaysia (4.5%).”

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