The scope of the global Golf Rangefinder Market was appreciated at US$ 106.7 million in 2018. The range is projected to touch US$ 186.5 million by 2025, growing at a CAGR of 8.3% for the duration of the forecast. This could be attributed to golf gaining popularity amongst business professionals, country clubs, and non-professional golfers.
The profitability on the part of golf club service providers has also increased substantially in the last few years. Moreover, social media is full-on with luring youngsters into leisure sports in the form of golf. Plus, these days, golf is looked upon as one of the status sports. Increase in disposable income is prompting starters to indulge in golf.
Golf rangefinder comes across as a device measuring distance between the observer and target. In other words, it basically helps the players in gauging the distance; thereby improving their scores. As far as amateurs are concerned, golf rangefinder finds applications in measuring distance between the flag and them. As such, one could master the act to hit targets through a golf rangefinder. The top 10 golfing economies of the world include the U.S., Japan, Canada, Australia, and England. Golfing facilities are available in golf-centric real estates, golf resorts, and private clubs therein.
Infrastructural projects have been on the rise. Plus, smart cities are being designed. These call for golfing facilities, and, in turn, golf rangefinders. Utilization of DMDs (Distance Measuring Devices) in majority of professional tournaments is positively impacting global golf rangefinder market. This approval has come from local communities as well as self-governing bodies.
The golf rangefinder industry is segmented based on type of product, application, and geography. By type, the segmentation goes like laser rangefinders and GPS rangefinders. By application, the market says amateurs and professional players. By geography, the same market says North America, Asia Pacific, Eastern Europe, MEA, Western Europe, Japan, and LATAM.
The players contributing to the golf rangefinder market include Leupold, Sonocaddie GOLF GPS, Laserlink Golf, GolfBuddy, garmin Ltd., Skygolf, Callaway Golf Company, Nikon, and Bushnell.
Golf Rangefinder Product Outlook (Revenue, USD’000, 2015 - 2025)
Golf Rangefinder Distribution Channel Outlook (Revenue, USD’000, 2015 - 2025)
Golf Rangefinder Regional Outlook (Revenue, USD’000, 2015 - 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
Research Support Specialist, USA