About Golf Balls
Since the awareness about outdoor games has been increased over the past couple of decades. Also, the growing disposable incomes across the globe will also fuel the demand for outdoor game kits and accessories. Moreover, the introduction to "Virtual In House Golf Course Games" will contribute towards significant business growth over the forecasted period. The golf ball is a normal ball with some specific dimensions, which is manufactured from either plastic or rubber. Out of them the two-piece balls consists of a solid rubber core with a durable thermoplastic cover. Later, the rubber becomes like a hard block, which must be heated and pressed to form a sphere.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Golf Balls market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Golf Balls market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Golf Balls market throughout the forecasted period. 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.
Bridgestone Golf (United States), Callaway Golf Company (United States), Cleveland Golf (United States), Nike Golf (United States), TaylorMade (Adidas Golf) (United States), Dunlop Sports Co. Ltd. (Japan), Dixon Golf (United States), American Golf (United States), Turner Sports Interactive (United States) and Srixon (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Titleist (United States) and Volvik (United States)..
Segmentation Overview
AMA Research has segmented the market of Global Golf Balls market by Type (Recycled Balls, Markouts/X-Outs, Practice/Range Balls and Advanced Balls), Application (Leisure Entertainment, Game and Other) and Region.
On the basis of geography, the market of Golf Balls 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 Distribution Channel, the sub-segment i.e. Online will boost the Golf Balls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Sports Institutes will boost the Golf Balls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Facility Renovations and Course Changes and Virtual In House Golf Course Games
Market Growth Drivers:
Increased in Golf Popularity and Golf Tourism, Growing Sports Infrastructures across the Globe and Robust Increase in professional and Amateur Golfers
Challenges:
Diversly Spread Consumer Base, Robust Golf Course Installation Charges and Floor Area Requirements and Higher Maintenance Cost as well as Equipment Cost
Restraints:
Lack of Golf Courts Across Asian Subcontinental Countries
Opportunities:
Increasing Disposable Income across the Globe and Rising involvement of Asian and Middle East Countries and Inclusion of Golf in Olympics since 2016
Market Leaders and their expansionary development strategies
In November 2021, TaylorMade Golf has announced the acquisition of South Korean-based golf ball manufacturing company Nassau Golf Co Ltd as the company seeks to integrate its global golf ball operations.
In January 2023, Titleist has released new editions of its ever popular ProV1 and ProV1x balls the next generation of the most trusted golf balls in the game – set another standard for tee-to-green performance and consistency through advanced core technologies validated by the best players in the world.
The United States Golf Association (USGA) has established rules for the ball in regard to maximum weight, minimum size, spherical symmetry, initial velocity, and overall distance. The weight of the ball must not be greater than 1.62 oz (45.93 g) and must be spherically symmetrical. The velocity shall not be greater than 250 feet (75 m) per second (255 feet [76.5 m] per second maximum) when measured on apparatus approved by the USGA.
Key Target Audience
Golf Ball Manufacturers, Distributors Suppliers, Golf Ball International Traders, Sport Accessories Providers, Sports Industry Associations, Government Regulators and Others
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.