The global golf clubs and sets market is expected to generate

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Portland, OR, Nov. 07, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the golf clubs and sets market raised $3.4 billion in 2021 and is expected to generate $4.9 billion by 2031, growing at a CAGR of 3.9% from 2022 to 2031. The report provides an in-depth analysis of the changing dynamics of the market, major segments, value chain, competitive scenario and regional landscape. . This research offers valuable guidance for key players, investors, shareholders, and startups to design sustainable growth strategies and gain competitive advantage in the market.

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Report coverage and details:

Report cover Details
Forecast period 2022–2031
base year 2021
Market size in 2021 $3.4 billion
Market size in 2031 $4.9 billion
CAGR 3.9%
Number of pages in the report 238
Segments Covered Type, application, distribution channel and region.
Drivers The emerging trend of golf tourism due to the presence of numerous golf courses around the world
The increase in the middle class population
The growth in the number of female professional and amateur golfers
Opportunities The growing popularity of alternative sports and leisure activities among end users
Constraints Lack of infrastructure in most underdeveloped and developing economies

The growth of esports

Covid-19 scenario:

  • The outbreak of the COVID-19 pandemic has negatively impacted the growth of the global golf clubs and sets market, owing to the implementation of the global lockdown which has resulted in the temporary closure of all golf clubs, especially during the initial period.
  • The travel restrictions had severely damaged the golf club and defined the market’s distribution channel system globally.
  • The lockdown has hurt labor and resource availability, affecting golf clubs and defining the industry’s scale of production.
  • As people were mostly indoors during the pandemic, the popularity of esports skyrocketed. This factor has hampered the growth of the global golf clubs and sets market.
  • In the post-pandemic era, new product launches, celebrity endorsements, partnerships, and social media marketing are a few strategies being implemented by top companies in the golf club and set industry. As a result, the market should soon get back on track.

The research provides detailed segmentation of the global golf clubs and sets market based on type, application, distribution channel and region. The report discusses the segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize based on the most revenue-generating and fastest-growing segments mentioned in the report.

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Based on type, the irons segment held the highest share in 2021, accounting for nearly two-fifths of the global golf clubs and sets market, and is expected to maintain its leading status during the forecast period. However, the hybrid segment is expected to register the highest CAGR of 4.6% from 2022 to 2031.

Based on application, the leisure segment accounted for the highest share in 2021, contributing nearly 90% of the global golf clubs and sets market, and is expected to maintain its revenue lead over the period. forecast.

By distribution channel, the specialty store segment accounted for the highest share in 2021, holding nearly half of the global golf clubs and sets market, and is expected to maintain its leading status during the forecast period. However, the online store segment is expected to grow at the highest CAGR of 7.3% during the forecast period.

Based on region, North America held the largest share in 2021, contributing around half of the global golf clubs and sets market share, and is expected to maintain its dominant share in terms of revenue in 2031 On the other hand, the Asia-Pacific region is expected to show the fastest CAGR of 5.9% during the forecast period. The research also analyzes regions such as Europe and LAMEA.

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Key players in the global golf clubs and sets market analyzed in the research include Acushnet Holdings Corp., Adidas AG, Amer Sports, Bridgestone Corporation, Callaway Golf Company, DICK’S Sporting Goods, Inc., Dixon Golf, Inc., Nike, Inc. ., Sumitomo Rubber Industries, Ltd, Robin golf, Ping, Inc, Bettinardi Golf, Cobra Golf, Pen fold Golf Limited, McGregor Golf, Hippo Golf, Infiniti Golf.

The report provides an in-depth analysis of these key players in the global Golf Clubs and Sets market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements and others to increase their market share and maintain dominant shares in different regions. The report is valuable for highlighting the business performance, operating segments, product portfolio, and strategic moves of market players to present the competitive scenario.

You want to access statistical data and graphs, strategies of the main players: https://bit.ly/3hhh7Pl

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market research reportsand “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.


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