3 December 2019 - Global Golf GPS
Market is
anticipated to witness an exponential growth in the forecast period. Golf GPS
is a global locating device that assists in navigate with the golf course as
well as saving and recording golf statistics and scores. Golf GPS systems
comprise a map of the course, the location on the course, and exact distance
between you, your ball and the hole. Golf GPS is used to find golf ball with
immediate effect.
The
factors that propel the growth of the golf GPS market include increase the
demand for golf clubs’ segment, recurring requirement of these equipment in
golf, growing consumers disposable income, development in professional and
amateur female golfers, and inclination of golf tourism, substantial demand
among consumers, and technological advancement.
On
the other hand, there are factors that may hamper the growth of the market
including busy work timetables leading to lack of any leisure activity and high
membership prices resultant in lower registrations impede development. The
market is anticipated to expand at a significant CAGR in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
Market
could be explored by product type, application, distribution channel, and
geography. Market could be explored by product type as Handheld Device Type and
Wristband Watch Type. The “Wristband Watch Type” segment led the golf GPS
market in 2017 and will continue to lead in the forecast period. The key
factors that may be attributed to the growth of market includes increasing
demand for smart watches and technological advancement. The key applications
that could be explored in the market include Amateur Using and Professional
Using. The market could be explored based on distribution channel as Offline
and Online.
North
America accounted for the major share of the golf GPS industry in 2016 and will
continue to lead in the forecast period. The key factors that may attributed to
the growth of market includes several numbers of golf course and golfers and in
United States, increasing acceptance. North America is followed by European and
Asia-Pacific region. Particularly in China, more wealthy people are keen to
play golf.
Some
of the key players that fuel the growth of the golf GPS market comprise
Bushnell, Garmin, Callaway Golf, Golf Buddy, Sky Hawke Technologies, TomTom,
Game Golf, Izzo Golf, Celest Ron, Son caddie, Precision Pro Golf and Score
Band. The leading companies are taking up partnerships, mergers and
acquisitions, and joint ventures in order to boost the inorganic growth of the
industry.
Market Segment:
Leading players of Golf GPS including:
•
GolfBuddy
•
Garmin
•
Bushnell
•
Callaway Golf
•
TomTom
•
SkyHawke Technologies
•
Izzo Golf
•
Game Golf
•
Sonocaddie
•
Celestron
•
ScoreBand
•
Precision Pro Golf
Market split by Type, can be divided
into:
•
Wristband Watch Type
•
Handheld Device Type
Market split by Application, can be
divided into:
•
Professional Using
•
Amateur Using
Market split by Sales Channel, can be
divided into:
•
Direct Channel
•
Distribution Channel
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