What is Global Golf GPS Market?
The Global Golf GPS Market is a comprehensive study of the various aspects of the golf GPS industry worldwide. This market revolves around the use of GPS technology in golf, which aids players in improving their game by providing precise distance readings to various points on the golf course. These devices come in various forms such as handheld devices, wristband watches, and even smartphone apps. The market encompasses the production, distribution, and use of these devices on a global scale. The data collected by these devices is used to analyze player performance, design strategies, and even in the maintenance and design of golf courses. The market is driven by the increasing popularity of golf as a sport and leisure activity, the advancement in GPS technology, and the growing trend of digitization in sports. However, the market also faces challenges such as the high cost of devices and the availability of free smartphone apps. Despite these challenges, the market shows promising growth potential due to the increasing investment in golf infrastructure in emerging economies and the introduction of innovative features in golf GPS devices.
Wristband Watch Type, Handheld Device Type in the Global Golf GPS Market:
The Global Golf GPS Market is segmented based on the type of device into Wristband Watch Type and Handheld Device Type. The Wristband Watch Type devices are wearable devices that provide the golfer with distance readings to the front, middle, and back of the green. These devices are compact, lightweight, and convenient to use, making them popular among golfers. On the other hand, Handheld Device Type golf GPS devices are larger and provide more detailed information such as hole view, hazard view, and even player statistics. These devices are preferred by professional golfers and serious amateurs who require detailed data for strategy planning and performance analysis. The choice between these two types of devices depends on the golfer's preference, level of play, and budget. The market for both these types of devices is growing due to the increasing demand for golf GPS devices and the introduction of new products by manufacturers.
Professional Using, Amateur Using in the Global Golf GPS Market:
The Global Golf GPS Market finds its usage in two main areas: Professional Using and Amateur Using. In Professional Using, golf GPS devices are used by professional golfers and coaches to analyze player performance and design strategies. These devices provide accurate distance readings, which help in selecting the right club and planning the shot. They also provide data on player statistics such as swing speed, ball speed, and shot distance, which is used for performance analysis and improvement. In Amateur Using, golf GPS devices are used by amateur golfers to improve their game. These devices help amateurs understand the golf course better and make informed decisions during the game. They also help in tracking progress and identifying areas of improvement. The market for both professional and amateur use is growing due to the increasing popularity of golf and the growing awareness about the benefits of golf GPS devices.
Global Golf GPS Market Outlook:
The outlook for the Global Golf GPS Market is positive with a steady growth rate expected in the coming years. As of 2022, the market was valued at US$ 357.8 million and is projected to reach US$ 426.2 million by 2029, growing at a CAGR of 2.5% during the forecast period of 2023-2029. The market is dominated by Garmin, which holds the largest market share. Other key players in the market include Bushnell and Callaway Golf, which hold the second and third largest market shares respectively. The market share gap between these players is widening due to their different strategies. While Garmin focuses on innovation and product development, Bushnell and Callaway Golf focus on marketing and distribution strategies. The market is expected to grow due to the increasing popularity of golf, advancement in GPS technology, and the introduction of innovative products by manufacturers. However, the market also faces challenges such as the high cost of devices and competition from free smartphone apps. Despite these challenges, the market shows promising growth potential due to the increasing investment in golf infrastructure in emerging economies and the growing trend of digitization in sports.
| Report Metric | Details |
| Report Name | Golf GPS Market |
| Accounted market size in 2023 | US$ 357.8 million |
| Forecasted market size in 2030 | US$ 426.2 million |
| CAGR | 2.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Garmin, Bushnell, GolfBuddy, Callaway Golf, TomTom, SkyHawke Technologies, Izzo Golf, Game Golf, Sonocaddie, Celestron, ScoreBand, Precision Pro Golf |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
