Individuals falling in the income bracket of $30 million or more are known as ultra-high net worth individuals. The number of ultra-high net worth individuals is on the rise in BRIC countries. They are also thriving in the Middle East, which bodes well for market growth, as individuals belonging to this group spend heavily on golf. Corporates often combine golf tours with business trips to offer a conducive platform for socializing.
According to the report, growth in urbanization and the rise in dual-earning households have led to an increase in disposable income, boosting the purchasing power of people. This has empowered individuals to pursue the leisurely activities and sports of their choice irrespective of the expenses associated. The analysts forecast the global golf equipment market to grow at a CAGR of 2.01% in revenue generated by the market over the period 2014-2019.
Further, the report states that the seasonal nature of the sport and the struggle against counterfeits are factors that impede market growth.
Key Topics Covered
- Executive Summary
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Product
- Market Segmentation by Distribution
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
- Other Prominent Vendors
- Acushnet
- Bridgestone Golf
- Callaway
- Cleveland Golf
- Cobra Golf
- Mizuno
- Nike
- Ping
- TaylorMade Golf
- Tour Edge
- Wilson
- Yonex
Research and Markets
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