Friday, February 25, 2022

Golf Equipment Market was appreciated at US$ 6.51 billion in 2018.

Golf equipment market can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Due to the increasing admiration of the game within the region, in 2018, North America was projected to be the biggest market. During that period the U.S.A was the biggest market for golf equipment holding a 57.0% share in North America. Furthermore, the preference of the clients in the direction of leisurely events is additionally powering the development of the golf equipment industry.

For the duration of the forecast, Asia Pacific is expected to record a speedy CAGR of over 2.5%. After winning a bronze in the 2016 Olympics by the golfer Feng Shan Shan, acceptance of the game is increasing within the province, mainly in China. This is the most important reason driving the development of the provincial market for golf equipment.

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Companies:

The manufacturing companies are investing funds in R & D activities and are taking part in modernizations to deliver the finest things to the players and to increase their advantage over their opponents. Likewise, they involve in the mergers & acquisitions and expansion of the business to achieve a better share of the market.

Some of the important companies for the golf equipment market are Ping, Wilson, Title sit, Acushnet Holding Corporation, Callaway Golf Company, Odyssey, Mizuno, and Taylor made, SRI sports, Cleveland Golf, Bridgestone Golf. Additional notable companies are American Golf, Dunlop Sports Co. Ltd., Nike Golf, Turner Sports Interactive Inc., and Dixon Golf.

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