FOR IMMEDIATE RELEASE
Pressnews.biz (Press Release) Feb 13, 2015
-- Asia-Pacific Golf Industry Outlook to 2018 – Surging Popularity of Golf in China and India to Spur Growth” provides a comprehensive analysis of the market dynamics of the golf industry in 4 geography Asia Pacific, Japan, China, Australia and India. The report has highlighted major segments of the golf industry on the basis of golf events, golf tourism, golf equipment and apparels market, golf courses and driving ranges market. In golf equipment and apparels market, the report has discussed market size in terms of value and market segmentation by products and geography. The report also entails the market share of the major players in golf equipment and apparels industry in different regions. An analysis of the future of golf equipment and apparels market in Asia-Pacific region is provided on the basis of revenue of the market over next five years. The report also highlights the golf infrastructure and number of golfers in Asia-Pacific region.
The golf equipment and apparels market in Asia-Pacific region has showcased a persistent trajectory of growth over the period 2008-2013. Asia-Pacific golf equipment and apparels market comprises of 4 countries which includes Japan, China, Australia and India. The overall market has recorded a stagnant CAGR over a period of 2008-2013. The growth in the Asia-Pacific golf equipment and apparels market is primarily driven by China and India which have emerged as the largest suppliers and retailer of golf equipment and apparels in the last few years. Asia-Pacific market for golf equipment and apparels has been traditionally dominated by golf equipment such as golf clubs and golf balls which have contributed nearly ~% to the overall golf market in 2013. Asia-Pacific golf equipment market recorded revenue of USD ~ million in 2013.
Japan golf industry recorded a negative CAGR of 2.6% from 2008-2013. The market has experienced a decline in terms of revenues over the last five years to USD ~ million in 2013 decreasing from USD ~ million in 2008. The driving range revenue and sales of equipment and apparels segments have increased within the industry and held a share of ~% and ~% respectively in Japan golf market during 2013. The market in 2013 was led by the domestic player Dunlop Sports with ~% contribution to the golf equipment and apparels market revenue. By 2018, golf industry is estimated to reach USD ~ million and thereby registering a negative CAGR of 0.4% over a period of 2014-2018.
The golf equipment and apparel market has undergone certain transition with the changing golfers’ demography in Australia. Over the last six years, golf equipment and apparels market have showcased down trends and registered a negative CAGR of ~% from 2008-2013. The domestic market for golf equipment and apparels has recorded revenue worth USD ~ million in 2013, which has fallen from USD ~ million in 2008. The market for golf equipment and apparels is likely to reach USD ~ million by 2018 from USD ~ million in 2013, and thereby register a negative CAGR of 2.7% from 2014-2018. At present, the country recorded ~ golf courses/clubs in 2013, which has inclined from ~ courses in 2008. New South Wales/ Australian Capital Territory region contributed a share of ~% to the total golf clubs in Australia in 2013.
The golf industry in China has evolved remarkably both in terms of the nature of the sport and market size over the past one decade. Golf equipment and apparels market in China generated revenue worth around USD ~ million in 2013, registering a CAGR of 9.7% from 2008-2013. Majority of the golf playing population in the country preferred TaylorMade-Adidas brand of Adidas group over any other golf brands in 2013. Brand preference for TaylorMade clubs products held a share of ~% for drivers, ~% for fairway woods and hybrids, ~% for irons and ~% for putters in 2013. On an average, ~ golf facilities existed in 2004, which has inclined to ~golf courses in 2013 and nearly catering ~ million golfers in China during 2013. In the last six years from 2008-2013, an average annual growth rate of 11.4% was witnessed in the number of golf courses in the country. The core golfer’s population accounted for ~% share to the total golfer’s population during 2013.
India golf equipment and apparels market is led by TaylorMade- Adidas India which accounted for a share of approximately ~% in Indian golf equipment and apparels market in FY’2013. The structural changes in the management and the decision to shut their direct operations of TaylorMade-Adidas in the Indian market, has drastically declined the revenue growth of the industry during the year 2013. This in turn provided impetus to Callaway golf, which captured a significant the market position in golf industry in India and emerged as the largest seller of golf equipment in the domestic market in FY’2014, with a share of ~% to the market. In near term, the market of golf equipment and apparels market in India is anticipated to reach USD 12.5 million in FY’2019 from USD ~ million in FY’2014, registering a double digit CAGR during FY’2014-FY’2019.
Key Topics Covered in the Report
Introduction of Asia-Pacific Golf Industry and by Geography such as China, Japan, Australia and India
Asia-Pacific Golf Equipment and Apparels Market Size by Revenue, 2008-2013
Asia-Pacific Golf Equipment and Apparels Market Size by Geography such as China, Japan, Australia and India, 2008-2013
Market Share of Major Players in Golf Equipment and Apparels Market in Japan, China, and India
Competitive Landscape of Major Players in Australia Golf Equipment and Apparels Market
Analysis of Golf Infrastructure in Japan, China, Australia and India
SWOT Analysis of Golf Industry in Japan, China, Australia and India
Macroeconomic Factors of Golf industry in Japan, China, Australia and India
Trends and Developments in Asia-Pacific Golf Equipment and Apparels Market
Future Outlook and Projections of Asia-Pacific Golf Equipment and Apparels Market Size by Geography such as China, Japan, Australia and India, 2014-2018