Golf Equipment Market by Type, Distribution Channel - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4580609
  • Report
  • Region: Global
  • 158 pages
  • Allied Analytics LLP
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Golf equipment comprises different products that are utilized to play golf. These products include golf balls, golf shoes, golf gloves, golf gear, golf wear, clubs, club head cover, wedges, putters, repair tools, and other aids. These equipment may assist golfers in multiple ways to play golf and also enhance the playing experience to some extent.

Emerging trend of golf tourism due to presence of numerous golf courses across the world, increase in middle-class population, and growth in number of professional and amateur female golfers drive the market growth. The Gulf Cooperation Council (GCC) and Caribbean countries have become popular golf tourism destinations, owing to the availability of modern and advanced facilities. Golf is an expensive outdoor recreation activity that is popular among business individuals and amateur players.

The investments required for the construction of golf courses are high. Thus, lack of infrastructure in most of the underdeveloped and developing economies globally restrains the growth of golf equipment market. Moreover, rising popularity of alternate sports & leisure activities among end users and seasonal attribute of golf are expected to adversely impact market during the forecast period.

The global golf equipment market is segmented by type, distribution channel, and geography. On the basis of type, the market is classified into golf balls, golf clubs, golf shoes, and others. By distribution channel, it is divided into specialty stores, on-course shops, sporting goods chain, others, and online stores. Geographically, the global market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Following are the key operating players in this market:

Acushnet Holdings Corp.
Roger Cleveland Golf Company, Inc.
Golfsmith International Holdings, Inc.
Nike, Inc.
Amer Sports Corporation
Bridgestone Sports Ltd.
Sumitomo Rubber Industries Ltd.
Callaway Golf Company
TaylorMade Golf Company, Inc.
PING

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the current trends and estimations, and dynamics of golf equipment market through 2016-2023, which assist in identifying the prevailing market opportunities.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier‐buyer network.
Major countries in each region are mapped according to individual market revenue.
Market player positioning provides a clear understanding of the position of leading companies.

KEY MARKET SEGMENTS

By Type

Golf Balls
Golf Clubs
Others

By Distribution Channel

Sports Goods Stores
Specialty Sports Shops
On-course Shops
Online Stores
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Australia
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

KEY PLAYERS

Mizuno Corporation
PUMA SE
Yonex Co., Ltd.
Cobra Golf
Wilson Sporting Goods
Dallas Golf Company
Hireko Golf
Miura Golf Coast
The GolfWorks
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Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyer
3.3.3. Threat of new entrants
3.3.4. Threat of substitute
3.3.5. Intensity of competitive rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growth in golf tourism
3.4.1.2. Growing middle class population
3.4.1.3. Rising professional and amateur female golfers
3.4.2. Restraints
3.4.2.1. Expensive golf memberships and courses impedes the market
3.4.2.2. Busy work schedules
3.4.2.3. Taking up other sports as an alternative
3.4.3. Opportunity
3.4.3.1. Increasing popularity of online stores shopping
3.5. Top player positioning

CHAPTER 4: GOLF EQUIPMENT MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Golf clubs
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis by country
4.3. Golf balls
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis by country
4.4. Golf shoes
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.4.3. Market analysis by country
4.5. Others
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast
4.5.3. Market analysis by country

CHAPTER 5: GOLF EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL
5.1. Overview
5.1.1. Market size and forecast
5.2. Specialty store
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Market analysis by country
5.3. Sporting goods chain
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Market analysis by country
5.4. On course pro shop
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.4.3. Market analysis by country
5.5. Others
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.5.3. Market analysis by country
5.6. Online stores
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.6.3. Market analysis by country

CHAPTER 6: GOLF EQUIPMENT MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by distribution channel
6.2.4. Market size and forecast, by country
6.2.5. U.S.
6.2.5.1. Market size and forecast, by type
6.2.5.2. Market size and forecast, by distribution channel
6.2.6. Canada
6.2.6.1. Market size and forecast, by type
6.2.6.2. Market size and forecast, by distribution channel
6.2.7. Mexico
6.2.7.1. Market size and forecast, by type
6.2.7.2. Market size and forecast, by distribution channel
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by Type
6.3.3. Market size and forecast, by distribution channel
6.3.4. Market size and forecast, by country
6.3.5. UK
6.3.5.1. Market size and forecast, by type
6.3.5.2. Market size and forecast, by distribution channel
6.3.6. Germany
6.3.6.1. Market size and forecast, by type
6.3.6.2. Market size and forecast, by distribution channel
6.3.7. France
6.3.7.1. Market size and forecast, by type
6.3.7.2. Market size and forecast, by distribution channel
6.3.8. Spain
6.3.8.1. Market size and forecast, by type
6.3.8.2. Market size and forecast, by distribution channel
6.3.9. Italy
6.3.9.1. Market size and forecast, by type
6.3.9.2. Market size and forecast, by distribution channel
6.3.10. Rest of Europe
6.3.10.1. Market size and forecast, by type
6.3.10.2. Market size and forecast, by distribution channel
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by distribution channel
6.4.4. Market size and forecast, by country
6.4.5. China
6.4.5.1. Market size and forecast, by type
6.4.5.2. Market size and forecast, by distribution channel
6.4.6. India
6.4.6.1. Market size and forecast, by type
6.4.6.2. Market size and forecast, by distribution channel
6.4.7. Japan
6.4.7.1. Market size and forecast, by type
6.4.7.2. Market size and forecast, by distribution channel
6.4.8. Australia
6.4.8.1. Market size and forecast, by type
6.4.8.2. Market size and forecast, by distribution channel
6.4.9. South Korea
6.4.9.1. Market size and forecast, by type
6.4.9.2. Market size and forecast, by distribution channel
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market size and forecast, by type
6.4.10.2. Market size and forecast, by distribution channel
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by distribution channel
6.5.4. Market size and forecast, by region
6.5.5. Latin America
6.5.5.1. Market size and forecast, by type
6.5.5.2. Market size and forecast, by distribution channel
6.5.6. Middle East
6.5.6.1. Market size and forecast, by type
6.5.6.2. Market size and forecast, by distribution channel
6.5.7. Africa
6.5.7.1. Market size and forecast, by type
6.5.7.2. Market size and forecast, by distribution channel

CHAPTER 7: COMPANY PROFILE
7.1. Acushnet Holdings Corp.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Business performance
7.1.5. Key strategic moves and developments
7.2. Adidas AG (Taylor Made Golf Company)
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Business performance
7.2.5. Key strategic moves and developments
7.3. Amer Sports Corporation
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Business performance
7.3.5. Key strategic moves and developments
7.4. Bridgestone Corporation (Bridgestone Golf, Inc.)
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Business performance
7.4.5. Key strategic moves and developments
7.5. Callaway Golf Company
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Business performance
7.6. Dick's sporting goods, Inc. (Golfsmith International Holdings, Inc.)
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments
7.7. Dixon Golf, Inc.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.8. NIKE, INC.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Business performance
7.8.5. Key strategic moves and developments
7.9. Sumitomo Rubber Industries, Ltd.( Cleveland Golf Company)
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Business performance
7.10. True Temper
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
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According to A new report titled,titled, Golf Equipment Market by Type and Distribution Channellobal Opportunity Analysis and Industry Forecast, 2017-2023," the global golf equipment market size was valued at $8,156 million in 2016, and is expected to reach $9,666 million by 2023, registering a CAGR of 2.6% from 2017 to 2023.

Golf is a sport activity popular among business individuals as it is used as a means to offer closure of business deals. Golf equipment consists of various items that are essential to play the sport of golf, and are also crucial in providing an enriched experience to the player. Golf equipment include golf balls, golf shoes, golf clubs, and other aids such as wedges and putters. The key factors that fuel the golf equipment market are increasing consumers disposable income, growth in professional and amateur female golfers, and trend of golf tourism, owing to setup of golf courses across the world. However, factors such as busy work schedules leading to lack of any leisure activity and high membership costs resulting in lower registrations impede growth in the global golf equipment market.

The golf clubs segment is expected to dominate the golf equipment industry during the forecast period. Assorted and customizable golf clubs are gaining traction among consumers, which is anticipated to increase the demand for golf clubs segment. However, the golf balls segment is expected to generate significant demand among consumers, owing to the recurring requirement of these equipment in golf.

The golf equipment market is restricted by the economic condition of a region and specific consumer base; as a result, the distribution channels are also limited in number. The specialty stores segment leads the market, in terms of sales of golf equipment, while on-course stores segment is outperforming sales of equipment compared to online stores.

Key Findings of the Golf Equipment Market

In terms of value, the golf clubs segment is expected to grow at a CAGR of 1.7% from 2017 to 2023.
North America is expected to dominate the golf equipment market in the future, registering CAGR of 1.7%, in terms of value, while Asia-Pacific is projected to show consistent growth throughout 2023, growing at a CAGR of 5.2%, in terms of value.
The specialty store segment accounted for more than 45% share of the total market in 2016.
Japan, China, and are collectively accounted for more than half of the total Asia-Pacific golf equipment market in 2016.
China is expected to grow at a CAGR of 10.8%, in terms of value.

In 2016, North America accounted for around half of the total golf equipment market, and is expected to maintain its position during the forecast period. Developing lifestyle and rise in disposable income of consumers are expected to drive the Asia-Pacific market.

Major players operating in the global golf equipment market are Acushnet Holdings Corp. (U.S.), Roger Cleveland Golf Company, Inc. (U.S.), Golfsmith International Holdings, Inc. (U.S.), Nike, Inc. (U.S.), Amer Sports Corporation(Finland), Bridgestone Sports Ltd (U.S.), Sumitomo Rubber Industries Ltd.(Japan), Callaway Golf Company (U.S.), TaylorMade Golf Company (U.S.), and PING (U.S.),

Other golf equipment brands in the value chain include Ben Hogan Golf Equipment Company (U.S.), Dunlop Sport (UK), and MAMIYA-OP CO., LTD. (Japan)
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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