Global Golf Clubs Projected To Grow At 3.4% CAGR Over 2016-2020

Date: 2016-11-29

Increased accessibility, affordability, wider participation from individuals in the middle-income group, aging population and rising number of retirees will result in greater sales of golf clubs, in the medium to long-term. Popularity of professional golfers and charismatic amateurs will also be partially responsible for the incremental growth in the golf market. According to research, Global Golf Clubs is projected to grow at 3.4% CAGR over 2016-2020.

Geographically, North America is world largest golf clubs market, region followed by Japan, The US and Japan control over 44% of the world golf clubs market. The global top 5 golf market are United States; Japan; South Korea; United Kingdom; Canada, in addition, China (including Hong Kong and Macau) is the 6th largest golf equipment market but is continually influenced by government regulation.

In terms of type, a golf club has a slender shaft with a grip and a club head made of metal or wood. It is an integral part of golf equipment. Various types of golf clubs used by golfers are woods, used for long-distance shots; irons, used for a variety of shots; putters, used to roll the ball into the hole; and wedges, a category of irons used for short-distance, highly-accurate, and high-altitude utility shots. These clubs primarily differ in their loft (the angle) between the vertical plane of the club and the club face. Generally, a set of golf clubs is a combination of different clubs so that the players can select a club appropriate for the required shot.

Global top players dominating the global golf clubs market include Adams Golf Inc, Aldila Inc, Amer Sports Corporation, Ashworth Inc, Bridgestone Golf Inc, Callaway Golf Company, Carbite Golf Inc, Dixon Golf, Etonic Worldwide, Fortune Brands Inc, Graphite Design International Inc, Hippo Golf Company, Karsten Manufacturing Corporation, MacGregor Golf Company, Mizuno USA Inc, Nike Golf, NIKE Inc, Roger Cleveland Golf Company Inc, Slazenger, SRI Sports Limited, TaylorMade-adidas Golf and True Temper Sports Inc., among others.

Golf Clubs market share by region as following:

golf-clubs

Read Full Report: http://www.gosreports.com/global-golf-clubs-industry-2016-market-research-report/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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