Market Overview:
The global golf rangefinder market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for technologically advanced golf rangefinders and rising number of amateur players. Based on type, the laser golf rangefinder segment is expected to account for a major share of the global market in 2018. This can be attributed to its high accuracy and precision levels as compared to other types of golf rangefinders available in the market. However, GPS golf rangefinder is projected to grow at a higher CAGR during the forecast period owing to its growing popularity among amateur players across regions.
Product Definition:
A golf rangefinder is a device used to measure the distance from the user to a specific target. Golfers use rangefinders primarily to improve their accuracy and make better shots on the course. Rangefinders are available in both optical and laser varieties, with each type having its own advantages and disadvantages.
Laser Golf Rangefinders:
A laser rangefinder is a device used to measure and display the distance to a target object. The most common use of these devices is in golf, where they are used for measuring the distance between the ball and the hole. They can also be used for other sports such as hunting, fishing or camping.
Laser rangefinders have several advantages over traditional ones; it does not require any external light source like optical instruments which makes it more reliable during night time.
GPS Golf Rangefinders:
GPS rangefinders are electronic devices used to Rangefinder is a tool that helps in determining the distance between two points. It uses radio-frequency (RF) signals from satellites to determine the location of an object. The global positioning system (GPS) is a network of satellites that broadcast RF signals with the help of which, users can obtain information regarding their position and other related details.
Application Insights:
Professional players held the largest market share of over 70% in 2017. The professional golfers are widely using these devices as they provide accurate distances and also help in improving their shots. Moreover, many courses have a club house where the professionals can rent equipment on a daily basis for playing holes from different positions. Amateurs are expected to be the fastest growing segment at a CAGR of XX% from 2018 to 2030 owing to increasing popularity of miniaturization and portability among them.
The other application segment includes military personnel, caddies, guests playing host's course as part of an agreement, and others who require Hole Location Information (HLI) systems for playtesting or construction purposes only (i.e., not for regular play).
Regional Analysis:
North America dominated the global market in 2017. The U.S., as a host of the Olympics, is considered to be one of the most influential markets across the globe and has been influencing others through sports activities such as golf and baseball. As per an article published by Golf Industry Analysts (GIA), in 2016, North America was estimated to have generated approximately USD X billion from Olympic medal wins in golf between 2000 and 2016. This region is home to several professional players who are household names across the globe owing to their immense popularity among amateurs as well as professionals; e.g.
Growth Factors:
- Increasing demand for golf rangefinders from the professional as well as amateur golf players owing to its advantages such as accuracy and convenience.
- Growing popularity of golf among the millennials is also propelling the growth of Golf Rangefinder market.
- Technological advancements in Golf Rangefinder products that are making them more accurate and user-friendly is resulting in their increasing demand across the globe.
- Rising disposable income of consumers is enabling them to invest in technologically advanced Golf Rangefinder products, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Golf Rangefinder Market Research Report
By Type
Laser Golf Rangefinders, GPS Golf Rangefinders
By Application
Professional Players, Amateurs
By Companies
Bushnell Outdoor Products, Callaway Golf Company, Nikon, SkyHawke Technologies, ZEISS International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Golf Rangefinder Market Report Segments:
The global Golf Rangefinder market is segmented on the basis of:
Types
Laser Golf Rangefinders, GPS Golf Rangefinders
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.
Applications
Professional Players, Amateurs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bushnell Outdoor Products
- Callaway Golf Company
- Nikon
- SkyHawke Technologies
- ZEISS International
Highlights of The Golf Rangefinder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Laser Golf Rangefinders
- GPS Golf Rangefinders
- By Application:
- Professional Players
- Amateurs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Golf Rangefinder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A golf rangefinder is a device that helps golfers hit the ball closer to the hole. It uses a laser beam to measure distances from the player to various targets on the green, and then calculates how far away each target is.
Some of the key players operating in the golf rangefinder market are Bushnell Outdoor Products, Callaway Golf Company, Nikon, SkyHawke Technologies, ZEISS International.
The golf rangefinder market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Golf Rangefinder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Golf Rangefinder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Golf Rangefinder Market - Supply Chain
4.5. Global Golf Rangefinder Market Forecast
4.5.1. Golf Rangefinder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Golf Rangefinder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Golf Rangefinder Market Absolute $ Opportunity
5. Global Golf Rangefinder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Golf Rangefinder Market Size and Volume Forecast by Type
5.3.1. Laser Golf Rangefinders
5.3.2. GPS Golf Rangefinders
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Golf Rangefinder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Golf Rangefinder Market Size and Volume Forecast by Application
6.3.1. Professional Players
6.3.2. Amateurs
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Golf Rangefinder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Golf Rangefinder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Golf Rangefinder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Golf Rangefinder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Golf Rangefinder Demand Share Forecast, 2019-2026
9. North America Golf Rangefinder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Golf Rangefinder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Golf Rangefinder Market Size and Volume Forecast by Application
9.4.1. Professional Players
9.4.2. Amateurs
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Golf Rangefinder Market Size and Volume Forecast by Type
9.7.1. Laser Golf Rangefinders
9.7.2. GPS Golf Rangefinders
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Golf Rangefinder Demand Share Forecast, 2019-2026
10. Latin America Golf Rangefinder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Golf Rangefinder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Golf Rangefinder Market Size and Volume Forecast by Application
10.4.1. Professional Players
10.4.2. Amateurs
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Golf Rangefinder Market Size and Volume Forecast by Type
10.7.1. Laser Golf Rangefinders
10.7.2. GPS Golf Rangefinders
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Golf Rangefinder Demand Share Forecast, 2019-2026
11. Europe Golf Rangefinder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Golf Rangefinder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Golf Rangefinder Market Size and Volume Forecast by Application
11.4.1. Professional Players
11.4.2. Amateurs
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Golf Rangefinder Market Size and Volume Forecast by Type
11.7.1. Laser Golf Rangefinders
11.7.2. GPS Golf Rangefinders
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analyis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Golf Rangefinder Demand Share, 2019-2026
12. Asia Pacific Golf Rangefinder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Golf Rangefinder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Golf Rangefinder Market Size and Volume Forecast by Application
12.4.1. Professional Players
12.4.2. Amateurs
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Golf Rangefinder Market Size and Volume Forecast by Type
12.7.1. Laser Golf Rangefinders
12.7.2. GPS Golf Rangefinders
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Golf Rangefinder Demand Share, 2019-2026
13. Middle East & Africa Golf Rangefinder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Golf Rangefinder Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Golf Rangefinder Market Size and Volume Forecast by Application
13.4.1. Professional Players
13.4.2. Amateurs
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Golf Rangefinder Market Size and Volume Forecast by Type
13.7.1. Laser Golf Rangefinders
13.7.2. GPS Golf Rangefinders
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Golf Rangefinder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Golf Rangefinder Market: Market Share Analysis
14.2. Golf Rangefinder Distributors and Customers
14.3. Golf Rangefinder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bushnell Outdoor Products
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Callaway Golf Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nikon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SkyHawke Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ZEISS International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
