Technavio has been monitoring the golf equipment market and it is poised to grow by USD 970.19 million during 2020-2024, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Golf Equipment Market 2020-2024 (Graphic: Business Wire)
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This Report Addresses:
- The market size from 2020-2024
- Expected market growth until 2024
- Forecast of how market drivers, restraints, and future opportunities will affect the market dynamics
- Segments and regions that will drive or lead market growth and why
- Comprehensive mapping of the competitive landscape
- In-depth analysis of key sustainability strategies adopted by market players
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Frequently Asked Questions-
- Based on segmentation by product, which is the leading segment in the market?
- Golf clubs are expected to be the leading segment based on product in the global market during the forecast period.
- What are the major trends in the market?
- Increasing focus on healthy lifestyles is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 2%, the incremental growth of the market is anticipated to be USD 970.19 million.
- Who are the top players in the market?
- Acushnet Holdings Corp., Amer Sports Corp., Bridgestone Corp., Callaway Golf Co., Mizuno Corp., Nike Inc., PUMA SE, Ralph Lauren Corp., Sumitomo Rubber Industries Ltd., and Under Armour Inc. are some of the major market participants.
- What are the key market drivers and challenges?
- Increasing focus on healthy lifestyles is one of the major factors driving the market. However, the popularity of alternative sports will restrain market growth.
- How big is the North America market?
- The North America region will contribute 46% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acushnet Holdings Corp., Amer Sports Corp., Bridgestone Corp., Callaway Golf Co., Mizuno Corp., Nike Inc., PUMA SE, Ralph Lauren Corp., Sumitomo Rubber Industries Ltd., and Under Armour Inc. are some of the major market participants. The increasing focus on healthy lifestyles will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Golf Equipment Market 2020-2024: Segmentation
Golf Equipment Market is segmented as below:
- Product
- Golf Clubs
- Golf Balls
- Golf Shoes
- Golf Bags
- Geography
- North America
- Europe
- APAC
- MEA
- South America
- Retail Formats
- Offline
- Online
Golf Equipment Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The golf equipment market report covers the following areas:
- Golf Equipment Market Size
- Golf Equipment Market Trends
- Golf Equipment Market Analysis
This study identifies association initiatives and sponsor deals as one of the prime reasons driving the golf equipment market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Golf Equipment Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist golf equipment market growth during the next five years
- Estimation of the golf equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the golf equipment market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of golf equipment market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Golf clubs Market size and forecast 2019-2024
- Golf balls Market size and forecast 2019-2024
- Golf shoes Market size and forecast 2019-2024
- Golf bags Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Retail formats
- Market segments
- Comparison by Retail formats
- Offline Market size and forecast 2019-2024
- Online Market size and forecast 2019-2024
- Market opportunity by Retail formats
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Acushnet Holdings Corp.
- Amer Sports Corp.
- Bridgestone Corp.
- Callaway Golf Co.
- Mizuno Corp.
- Nike Inc.
- PUMA SE
- Ralph Lauren Corp.
- Sumitomo Rubber Industries Ltd.
- Under Armour Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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