Golf simulators were created by South Korean sports company Golfzon, which is now offering them all around the world. In 2018, the company facilitated 56 million rounds in 46 nations, and it even offers professional golf tours with payouts exceeding US$ 1 million for the entire season. As a result, the global Golf club market is anticipated to grow as a result of the growing popularity of golf simulators.
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Golf clubs have significantly changed over time and with technology. Currently, golf club makers are concentrating on making lightweight, technologically advanced clubs. Smart sensors are used to improve swings and accuracy and to connect the golf club to a smartphone app.
Another tool that examines tens of thousands of possibilities to determine what is best for each player is golf customisation. Players’ swing speeds and impact angles are examined. In the upcoming years, it is anticipated that the golf clubs market will expand due to such cutting-edge innovations.
In 2018, 32% of the world’s golf courses were located in North America, followed by 30% in Asia and 24% in Europe. Europe and Asia both retain the same percentage of the under-development market, at 28%, followed by North America (25%).
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New golf courses are opening up all over the world as a result of golf’s rising popularity and growing number of players, which is assisting the golf club market’s expansion.
Companies
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- TaylorMade Golf Company, Inc.
- Callaway Golf Company
- The Acushnet Holdings Company
- Mizuno USA, Inc
- Rock Bottom Golf
- Cleveland Golf Company, Inc.
- Bridgestone Sports Ltd
- Cobra Golf
- Henry Griffitts
- Bettinardi Golf and More
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Analysts’ Viewpoint
A brief overview of the changing landscape of the golf club market has led our analysts to conclude that, the market is gaining momentum. Key manufacturers in the golf club market such as Acushnet Holdings Corp., Callaway Golf Company, and TaylorMade Golf Company, Inc. are prioritizing innovation and new product development to gain a competitive edge in the market.
Manufacturer could focus on lightweight golf clubs, owing to increased participation of female golfers and amateurs across the world.
Golf Club Market: Segmentation
PMR’s research study on the global golf club market offers a detailed market taxonomy, wherein, key segments have been discussed in detail. The golf club market is segmented on the basis of product, hand orientation, price, demographics, sales channel, and region.
Every segment is analyzed in detail, and data pertaining to the growth of each segment has been included in the study.
Golf Club Market By Product
Golf Clubs
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- Drivers
- Fairways
- Hybrids
- Irons
- Wedges
- Putters
Hand Orientation
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- Left-handed Clubs
- Right-handed Clubs
Price
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- Premium/ High
- Economy/ Mid-range
Demographics
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- Men
- Women
- Kids
Golf Club Market By Sales Channel
Direct
Indirect
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- Modern Trade
- Exclusive Stores
- Specialty Stores/ Sports Chain Outlets
- On-course Outlets
- Online Retailers
Golf Club Market By Region
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- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
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