Global Golf Rangefinder Market is valued at approximately USD 135.5 million in 2021 and is anticipated to grow with a healthy growth rate of more than 8.3% over the forecast period 2022-2029. Golf rangefinders are handheld devices that use lasers or GPS technology to accurately measure the distance to a specific target on a golf course, such as a flagstick or hazard. They are often used by golfers to improve their accuracy and make better shot selections on the course. The market demand is primarily driven by factors such as the increasing popularity of golf as a sport, growing demand for high-tech equipment among golfers and rising innovations and investments by major companies.
In addition, the increasing prevalence of golf as a sport and the increasing number of golf courses are acting as major driving factors for market growth. According to a National Golf Foundation poll conducted in 2021, there are currently 251 nations where golf is played. In more than 82% of the world's countries, there are about 38,000 golf courses. The International Golf Federation's activities and initiatives draw in millions of individuals of all ages from across the world. A significant rise in golfers around the world has been attributed to golf's participation in the Olympic Games. Similarly, according to the 'Golf Industry Report', an estimated of 23.8 million individuals accounted for on-course golf play and 8.3 million individuals accounted for off-course golf play. Over the projection period, a surge in sports involvement like this is likely to fuel rangefinder demand. Furthermore, the increasing need for accuracy in sports activities and the increasing number of golf courses across the world are presenting lucrative opportunities for market growth over the forthcoming years. However, the high cost of golf rangefinder is restricting the market growth over the forecast period of 2022-2029.
The key regions considered for the Global Golf Rangefinder Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue due to the rising popularity of golf in the U.S. and Canada. Whereas, Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as rising awareness about golf as a sport, increasing healthier lifestyle and advancements in high-tech golf equipment are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
- Callaway Golf Company
- Bushnell Corporation
- ZEISS International
- Laser Link Golf
- SkyHawke Technologies LLC.
- Nikon Corporation
- Leupold & Stevens, Inc.
- Acushnet Holdings Corp.
- Sumitomo Rubber Industries Ltd.
- Bridgestone Corporation
Recent Developments in the Market:
- In January 2022, Leupold & Stevens, Inc. announced the launch of its new golf rangefinder called RX-1500I TBR/W Laser Rangefinder. The versatile and compact device allows the user to measure with ½-yard accuracy, 6x magnification and is packed with Leupold's exclusive True Ballistic Range/Wind (TBW/W) technology for lightning-fast accuracy.
- In January 2020, Bushnell Golf, a leader in golf rangefinder technology, launched its latest models, the Tour V5 and Tour V5 Shift. These models feature improved optics, faster laser locks, and better accuracy, making them a popular choice among golfers.
Global Golf Rangefinder Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Product, Distribution Channel, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
By Distribution Channel:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- ROLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Golf Rangefinder Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Golf Rangefinder Market, by Product, 2019-2029 (USD Million)
- 1.2.3. Golf Rangefinder Market, by Distribution Channel, 2019-2029 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Golf Rangefinder Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Golf Rangefinder Market Dynamics
- 3.1. Golf Rangefinder Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing popularity of golf as a sport
- 3.1.1.2. Growing demand for high-tech equipment among golfers
- 3.1.1.3. Rising innovations and investments by major companies
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of golf rangefinder
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing need of accuracy in sports activities
- 3.1.3.2. Increasing number of golf courses across the world
Chapter 4. Global Golf Rangefinder Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Golf Rangefinder Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Golf Rangefinder Market by Product, Performance - Potential Analysis
- 6.3. Global Golf Rangefinder Market Estimates & Forecasts by Product 2019-2029 (USD Million)
- 6.4. Golf Rangefinder Market, Sub Segment Analysis
Chapter 7. Global Golf Rangefinder Market, by Distribution Channel
- 7.1. Market Snapshot
- 7.2. Global Golf Rangefinder Market by Distribution Channel, Performance - Potential Analysis
- 7.3. Global Golf Rangefinder Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Million)
- 7.4. Golf Rangefinder Market, Sub Segment Analysis
- 7.4.1. Offline
- 7.4.2. Online
Chapter 8. Global Golf Rangefinder Market, Regional Analysis
- 8.1. Golf Rangefinder Market, Regional Market Snapshot
- 8.2. North America Golf Rangefinder Market
- 8.2.1. U.S. Golf Rangefinder Market
- 8.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Distribution Channel breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Golf Rangefinder Market
- 8.3. Europe Golf Rangefinder Market Snapshot
- 8.3.1. U.K. Golf Rangefinder Market
- 8.3.2. Germany Golf Rangefinder Market
- 8.3.3. France Golf Rangefinder Market
- 8.3.4. Spain Golf Rangefinder Market
- 8.3.5. Italy Golf Rangefinder Market
- 8.3.6. Rest of Europe Golf Rangefinder Market
- 8.4. Asia-Pacific Golf Rangefinder Market Snapshot
- 8.4.1. China Golf Rangefinder Market
- 8.4.2. India Golf Rangefinder Market
- 8.4.3. Japan Golf Rangefinder Market
- 8.4.4. Australia Golf Rangefinder Market
- 8.4.5. South Korea Golf Rangefinder Market
- 8.4.6. Rest of Asia Pacific Golf Rangefinder Market
- 8.5. Latin America Golf Rangefinder Market Snapshot
- 8.5.1. Brazil Golf Rangefinder Market
- 8.5.2. Mexico Golf Rangefinder Market
- 8.5.3. Rest of Latin America Golf Rangefinder Market
- 8.6. Rest of The World Golf Rangefinder Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Callaway Golf Company
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Bushnell Corporation
- 9.2.3. ZEISS International
- 9.2.4. Laser Link Golf
- 9.2.5. SkyHawke Technologies LLC.
- 9.2.6. Nikon Corporation
- 9.2.7. Leupold & Stevens, Inc.
- 9.2.8. Acushnet Holdings Corp.
- 9.2.9. Sumitomo Rubber Industries Ltd.
- 9.2.10. Bridgestone Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption