Asia Pacific Golf Industry Market Outlook to 2018 - Surging Popularity of Golf in China and India to Spur Growth: Ken Research
08 Jul, 2014, 14:00 BST
DELHI, India, July 8, 2014 /PRNewswire/ --
- The Asia-Pacific golf equipment and apparels market generated revenue worth USD 4 billion in 2013
- Japan Golf industry is expected to generate revenue of USD 14 billion by 2018
- TaylorMade-Adidas Golf has maintained the market leader position in China golf equipment and apparels market in 2013
- Australian market for golf equipment and apparels has recorded revenue worth USD 126 million in 2013
- The contribution of golf related accessories has augmented from 28% in FY'2008 to 32% in FY'2014
Ken Research has announced its recent publication titled "Asia Pacific Golf Industry Market Outlook to 2018 - Surging Popularity of Golf in China and India to Spur Growth". The report mentioned that Asia-Pacific region has a share of 19% in the overall golf facilities in the world. China is one the fasting growing country in the Asia-Pacific region in terms of number of golf courses and has recorded a CAGR of 11.4% over a period of 2008-2013. The market is likely to grow in the similar trend in the next five years from 2014-2018. The reason for the significant growth in the number of golf courses in China was due to rising golfers' population. The golfers' population reached close to 1 million golfers in China in 2013. Nowadays, the golfers prefer lightweight, movable weight, adjustable and flight control clubs made by carbon substance than that of steel materials. All these factors are expected to drive the market in the near term.
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Asia-Pacific golf equipment and apparels market comprises of 4 geographies which includes Japan, China, Australia and India. The overall market recorded a stagnant CAGR over a period of 2008-2013. However, the future of the golf equipment and apparels market is likely to be favourable as the golf sport awareness and preference for a healthy lifestyle is gaining continuous momentum amongst the people in Asian countries. Asia-Pacific is forecasted to emerge as the fastest growing market for golf equipment and apparels in the world, with an expected CAGR of 4.7% from 2013-2018. The growth in the market will be mainly led by international brands and increasing participation of individuals in golf sporting events due to changing lifestyles, mounting spending power and readiness among the population to spend time on leisure activities. Australian market is expected to record a negative CAGR of 2.7% for the next five years from 2014-2018.This will be on the account of declining golf participation among people. Japan Golf equipment and apparels market is likely to showcase high interest level among rising health conscious population and thereby market will grow at a CAGR 2.6% from 2014-2018. On the other hand, golf clubs, shoes and gloves are expected to create significant demand in the Asian countries such as in India and China. In China, wage growth and domestic consumption expenditure are predicted to propel the demand for golf equipments.
Key Topics Covered:
1. Asia Pacific Golf Industry
- Introduction
- Golf Equipment and Apparels Market Size
- Trends and Developments
- Golf Equipment and Apparels Market Future Outlook and Future Projections
- Market Size
- Market Segmentation by Geography
- Trends and Developments
- Future Outlook and Projections
2. Japan Golf Industry
- Introduction
- Market Size
- Market Segmentation by
- Golf Courses Revenue
- Golf Equipment and Apparels Sales
- Drive Range Revenue
- Market Segmentation by
- Golf Clubs
- Golf Wear
- Golf Goods
- Golf Balls
- Other Golf Goods
- Market Share of Golf Equipment and Apparels Market
- Future Outlook and Projections
3. China Golf Industry
- Introduction
- Market Segmentation
- Equipments
- Products
- Market Segmentation
- Golf Clubs and Balls
- Golf Related Accessories
- Market Share
- Trends and Developments
- Future Outlook and Projections
4. Australia Golf Industry
- Introduction
- Market Segmentation
- Golf Clubs
- Golf Balls
- Golf Apparels
- Golf Shoes
- Golf Bags
- Golf Gloves
- Trends and Developments
- Competitive Landscape of Major Players
5. India Golf Industry
- Introduction
- Golf Equipment and Apparel Market Size
- Market Segmentation by Products
- Golf Clubs and Balls
- Golf Related Accessories
- Market Segmentation by Distribution Channel
- Physical Golf Retail Sales
- Corporate Golf Event Sales
- Online Golf retail Sales
- Price Analysis of Golf Equipment by brands
- Market Share of Major Players
Major Golf Equipment and Apparel Manufacturers Mentioned in the Report:
Dunlop Sport
TaylorMade -Adidas
Callaway Golf
Mizuno
Nike Golf
Odyssey Golf
Titleist
Ping Golf
SRI and the US Kids Golf
Wilson Golf
Golf Management Companies Mentioned in the Report:
Pacific Golf Management Holdings
Accordia Golf group
Orix Corporation
Browse full report:
elated Reports on Golf, Athletic Apparel and Sports Equipment Market:
Global Golf Industry, Participation and Growth Forecast
European Golf Industry - Present Performance and Future Outlook
The US Golf Participation Equipment Demand and Forecast
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
SOURCE Ken Research