Global Golf Equipment Market was valued at USD 8.15 Billion in 2021, and it is expected to reach USD 11.23 Billion by 2029, exhibiting a CAGR of 4.09% during the forecast period (2022-2029)
Golf Equipment Market Overview:
The Golf Equipment market research provides a comprehensive perspective of the competition, including the market share and company profiles of the top players in the global industry. The scope of the research covers a thorough examination of the Golf Equipment Market, as well as the causes for variances in the industry's growth in a variety of sectors.
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Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are computed using weights assigned to each segment based on usage rate and average sale price. To determine the country-wise splits of the overall market and its sub-segments, the percentage adoption or usage of the given market Size in the relevant area or nation is employed.
Segmentation: To determine the segment details, qualitative and quantitative data, and the driving forces behind the market's expansion, secondary research is carried out. Press announcements, yearly reports, websites run by the government, and market-related research papers make up the secondary sources used in the study.
Secondary research is used to identify market leaders, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the leading manufacturers' annual and financial reports, whilst primary research included thorough interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the Golf Equipment market are as follows:
• Acushnet Holding Corp. (US)
• TaylorMade Golf Company, Inc. (US)
• Dixon Golf, Inc. (US)
• Roger Cleveland Golf Company, Inc. (US)
• True Temper (US)
• Mizuno USA (US)
• Wilson (US)
• Miura Golf Inc (US)
• Nike, Inc (US)
• callway golf company (US)
• Cobragolf.com (US)
• Yamaha Golf (US)
• Bettinardi Golf (US)
• Cure Putters (US)
• Bridgestone Golf (US)
• Birton Golf, Inc. (US)
• Dunlop Sports (US)
• Golf Galaxy (US)
• Volvik (US)
• Robin Golf Inc. (US)
• Penfold Golf (UK)
• Srixon Sports Europe Ltd. (UK)
• Piranha Golf (Australia)
• Amer Sports (Finland)
• Nexen Corporation (South Korea)
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Golf Equipment market study's regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Golf Equipment Market:
End-user industries where Golf Equipment are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Golf Equipment manufacturers, affecting the Golf Equipment market's growth in 2020. End-user business demand for Golf Equipment has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Golf Equipment Market Report are:
In 2021, which segment accounted for the most share of the Golf Equipment market?
What is the competitive landscape of the Golf Equipment market?
What are the key factors influencing Golf Equipment market growth?
In the Golf Equipment market, which region has the most market share?
What will be the CAGR of the Golf Equipment market during the forecast period (2022-2027)?
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