Major manufacturers include Bushnell Corporation, Nikon Corporation, SkyHawke Technologies, LLC, and ZEISS International are launching new products in the U.S. This, in turn, will have a positive impact on the golf rangefinder market growth over the next few years. is expected to increase product awareness among the buyers. Furthermore, since 2009, the continuation of the coalition ‘WE ARE GOLF’ in the U.S. In the U.S., 29 th April is celebrated as ‘National Golf Day’. North America emerged as a major consumer in 2018, accounting for 45.4% share owing to the increased popularity of golf in the U.S. Companies including Bushnell Corporation and AMERICAN GOLF (TRADING) LIMITED are launching their exclusive online portals, where the customers can buy genuine products directly. Furthermore, the presence of high-speed internet and smartphone availability in developed countries such as the U.K., Scotland, Ireland, and Denmark are expected to fuel the expansion of the online market over the forecast period. Moreover, online retailers including Amazon and AMERICAN GOLF (TRADING) LIMITED are adding this category as the main focus area. The company is planning to gain the maximum customer base through its wide product offerings across the U.S.Īn online distribution channel is projected to expand at the fastest CAGR of 9.8% from 2019 to 2025 as a result of convenience offered to the consumers. For instance, in April 2019, Decathlon S.A., one of the leading French sporting goods retailers, inaugurated its new store in Emeryville, California. In developed countries including Scotland, England, Germany, Japan, and the U.S., a large chain of sports stores has been catering to the consumers’ requirements.
Golf viewfinder Offline#
Offline channels dominated the market with more than 85.0% share in 2018. These features expected to fuel the demand for the technologically advanced product over the forecast period. Moreover, the company has updated the slope algorithm, which adds more precision to the product. The product has improved optics, coupled with longer ranging. Major manufacturing companies including Bushnell Corporation, Nikon Corporation, SkyHawke Technologies, LLC, and Callaway are launching new products to cater to the increasing demand for rangefinder across the globe.įor instance, in January 2019, Bushnell Corporation launched one of the technologically advanced laser rangefinders under the brand name ‘Pro XE’. These products are very accurate as compared to their counterpart GPS rangefinder, which is much helpful for the beginners to make accurate shots as well as to find the flag and ball’s exact position. The segment is expected to maintain its lead over the forecast period. Laser rangefinder was the prominent product segment with a share of exceeding 60.0% in 2018. Such an increase in participation in sports is likely to propel the demand for the rangefinder over the forecast period. The overall population who played golf was about 32 million. Also, 74% of these facilities were geographically concentrated in the top 10 golf enthusiast countries including U.S., Canada, Scotland, England, Sweden, Germany, France, Australia, Japan, and South Africa.Īccording to the statistics provided in the ‘Golf Industry Report’, in 2017, an estimated 23.8 million people played on-course golf and 8.3 million people played off-course, which was increased by 7%.
This device has several benefits including assisting both professionals golfers as well as newcomers to improve their games and increase the shot accuracy.Īccording to a report ‘Golf around the world 2017’ published by the R&A, a global golf sport governing body, there were a total of 33,161 golf facilities present in 208 countries around the globe till the end of the year 2016. This tool is also very essential for unprofessional golfers and amateurs as it allows them to gauge the distance between the target hole and them. The growing trend of golf leads to an increase in the demand for a rangefinder as it is a crucial tool for players to scale distance and improve their shots.
This game has increased popularity in the countries including U.S., Scotland, Ireland, and Denmark. Moreover, increasing acceptance of these sports among men and women of any age has increased the number of golf courses across the globe. Over the past few years, golf has gained popularity like other sports including tennis and soccer around the globe. Moreover, an increasing number of golf courses around the world is expected to expand the product’s scope over the forecast period. The global golf rangefinder market size was valued at USD 106.7 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2019 to 2025. The rising popularity of golf among the business professionals at a global level is expected to be a key factor for the market growth.
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