What is the value of the golf ball market?
The global Golf Ball market was valued at US$ XX.X Mn in 2018 and is projected to increase significantly at a CAGR of x.x% from 2019 to 2028. By type, the market is segmented into One-Piece-Ball, Two-Piece-Ball, Three-Piece-Ball, and Others.
Which region is expected to dominate the golf ball market?
This is ultimately expected to contribute to the overall growth of golf ball market. North America held the dominant market share of over 35% in 2017, owing to the presence of over 17,000 golf facilities out of which approximately 13,000 are public whereas 4,000 are private clubs.
What factors are driving the growth of the golf ball market?
This is also attributed to market growth over the forecast period. Technological advancements in equipment and products are expected to positively impact market growth. For instance, the Seamless Cover Technology (SCT) allows creation of a non-uniform joint around the ball. It enhances aerodynamics and accuracy.
What is included in the golf ball market research report?
The report focuses around the Golf Ball market size, fragment size (predominantly covering item type, application, and geography), competitor scene, current status, and advance trends. Moreover, the report gives definite cost examination, production network.
How much is the golf ball industry worth?
Industry Insights The global golf ball market size was valued at USD 1.11 billion in 2017 and is projected to register a CAGR of 2.7% from 2018 to 2025.
How large is the golf ball industry?
According to our (LP Information) latest study, the global Golf Ball market size is USD million in 2022 from USD 950.3 million in 2021, with a change of % between 2021 and 2022. The global Golf Ball market size will reach USD 909.6 million in 2028, growing at a CAGR of -0.6% over the analysis period.
What is the monetary value of the used golf balls each year?
Visit local driving ranges to find out which ones buy used balls. Although some upscale facilities buy only new practice balls, many driving ranges do not. These facilities are the best places to sell your used balls. Most facilities have a set price they pay for balls, anywhere from 5 to 15 cents per ball.
How many golf balls are sold per year?
CharacteristicGolf clubsGolf balls2020787.1195.62019768.3210.92018717.3195.72017643.1162.51 more row
How big is the golf equipment market?
The global golf equipment market size was estimated at USD 6.65 billion in 2019 and is expected to reach USD 6.85 billion in 2020.
What is Titleist market share?
Titleist's 'premium' brands are at their highest value share for over 13 years, accounting for 37.4% of the total golf ball market. Within the 'performance' category, trust in Titleist also continues to grow, contributing to a 14.3% share of the market for the Tour Soft, DT TruSoft and Velocity golf ball models.
How much is the average golf ball worth?
Golf Ball Price ChartGolf Ball ModelGolf Ball Price As TestedTaylorMade Noodle Long and Soft$14.99TaylorMade Noodle Easy Distance$14.99Titleist AVX$47.99Titleist DT TruSoft$21.99174 more rows
Do old golf balls have any value?
Because of the age and the craftsmanship put into these balls they are among the ones that have the highest price tag of collectible golf balls. These balls are referred to as antique, and goes for sums upwards of +$5000! See example from eBay below.
How do people get golf balls to sell?
In general, the best places to sell golf balls are online. Some other great, offline places to sell, according to Golfweek, are at golf courses, practice facilities, and flea markets.
How many golf balls does the average golfer go through in a year?
The majority of players use six or more dozen golf balls in a season; this unfortunately is unavoidable. Depending on your brand, it can be also be quite expensive. I know that I reduce the cost by re-purposing golf balls I find or try to use on golf ball for multiple rounds.
How many golf balls does the average golfer lose per year?
Each year, golfers lose 300 million golf balls.
How many golf balls are used in the US every year?
2 billion golf ballsBrainTeaser Bibles used a similar method to estimate that there 2 billion golf balls are used in the U.S. each year, to which we'll add 1 billion in old or unused balls. Seeing as 7% of America's golf courses are in Florida, we'll say there are 210 million golf balls in Florida.
Why is golf popular?
It presents a sense of competition and an avenue for physical exercise apart from being a source of entertainment. Factors such as rise in spending capacity and evolving lifestyle among millennials are expected to popularize the sport, which, in turn, is expected to boost growth of the golf ball market.
Why is the golf ball market growing?
Golf ball market is predominantly driven by rise in middle-class population, proliferation of golf tourism, and demand for golf courses worldwide. In recent times, endorsement of golf as a leisure sport is increasing due to the rising disposable income among consumers.
Is golf a recreational activity?
Golf is used not only as an outlet for sport and recreational activities but it has also become a substantial part promoting growth of community and regional infrastructure. For instance, in the Royal Copenhagen Golf Club located inside the Jagersborg Animal Park, apart from playing golf, the golfers can experience horse-riding, jogging, walking, and cycling among other activities of recreation.
Golf Ball Market Scope
By type, the market is segmented into One-Piece-Ball, Two-Piece-Ball, Three-Piece-Ball, and Others. By application, the market is divided into Online Purchases, and Offline Purchases.
Reasons to Get this Report
In an insight outlook, this research report has dedicated to several quantities of analysis industry research (global industry trends) and Golf Ball Market share analysis of high players, along with company profiles, and which collectively include about the fundamental opinions regarding the market landscape; emerging and high-growth sections of Golf Ball Market; high-growth regions; and market drivers, restraints, and also market chances..
The analysis objectives of the report are
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers, and industry-specific challenges and risks).
Global Golf Ball Market Report Segments
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Highlights of The Golf Ball Market Report
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
What are the leading golf equipment companies?
The leading golf equipment/apparel companies in the world include Acushnet, Callaway Golf, as well as NIKE golf. In 2020, worldwide revenue of Callaway Golf amounted to almost 1.6 billion U.S. dollars. The Royal Troon Golf Club in Glasgow, Scotland is the leading golf course management company and currently owns 278 golf courses worldwide in 2020.
How much money will golf clubs make in 2024?
Revenue from golf course and country clubs is projected to reach approximately 24.65 billion U.S. dollars in the United States by 2024. As of 2019, the number of golf participants in the U.S. stood at approximately 24.3 million.
When did golf become a sport?
Since its emergence as a major spectator sports in the 1920s, golf has grown to become not only a popular recreational activity but also a sport with a major economic impact .
Is Statista a liability?
Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text. Interesting statistics.