About Golf Mats
Golf Mats are used to practice golf game in homes. These mats simulate the conditions of a real golf range as they help golfer to smash ball after ball thereby giving a feel of being in a golf course. These mats can easily bear hits of several thousand balls off the surface and can be used in lawn, backyard or living area of homes.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.49% |
Despite the presence of competition and brand effect problems, due to the awareness of end-users and the demand for golf mats is increasing. The manufacturers rely on strategies such as partnership, mergers & acquisitions, geographical expansion, technological innovation, and sourcing strategies to enhance their market share. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fiberbuilt Manufacturing Inc. (Canada), TrueStrike (England), Cimarron Sports, Inc (United States), SkyTrak (United States), ForesightSports (United States), J.R. Mats, Inc. (United States), Rukket Sports (United States), Champkey USA (United States) and 5 Star Golf Mats (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Golf Mats market by Type (Combined and One-piece), Application (Commercial and Household) and Region.
On the basis of geography, the market of Golf Mats has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Usage, the sub-segment i.e. Outdoor will boost the Golf Mats market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Turf Type, the sub-segment i.e. Tee will boost the Golf Mats market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Golf Mats market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Online Sales of Golf Mats
Market Growth Drivers:
Expensive Golf Memberships and Courses and Growth of Middle-Class Population
Challenges:
Availability of Cheap Quality Product
Restraints:
High Cost of Products
Opportunities:
Increasing Number of Professional and Amateur Female Golfers and Emerging Trend of Golf Tourism
Market Leaders and their expansionary development strategies
In January 2022, Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, today announced its acquisition of The Recreational Group, a leading manufacturer and distributor of recreational surfacing products. At the closing, The Recreational Group was combined with Controlled Products, also a leading manufacturer and distributor of premium synthetic turf products
In February 2024, UWM CEO Mat Ishbia launched new venture for Phoenix sports business holdings. It will house the National Basketball Association's Phoenix Suns, the Women's National Basketball Association's Phoenix Mercury and the newly acquired G-League team for the Suns.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Golf Mats Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors and Venture Capitalists and Private Equity Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.