NEW YORK , Sept. 24, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The Global Golf Clubs Market size is estimated to grow by USD 795.2 mn from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 2.91% during the forecast period. increased disposable income is driving market growth, with a trend towards rising number of ultra-hnis However, seasonality of sport poses a challenge - Key market players include Acushnet Holdings Corp.
, Amer Sports Corp., Bob Burns Golf Co., Bridgestone Golf Inc.
, Callaway Golf Co., Cobra Golf, Evergreen Golf, Hippo Golf, Honma Golf Co. Ltd.
, Infiniti Golf Inc., Kasco Corp, Mizuno Corp., Nike Inc.
, Parsons Xtreme Golf LLC, PING Inc., Power Bilt, Roger Cleveland Golf Co. Inc.
, Taylor Made Golf Co. Inc., Thomas Golf Inc.
, and Yonex Co. Ltd..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Market Driver The global Ultra High Net Worth Individual (UHNI) population is projected to expand by 28.1% to around 802,891 by 2028, creating a significant market opportunity for luxury leisure activities like golf .
In 2023, there were approximately 626,619 UHNIs, representing a 4.2% increase from the previous year's 601,300. India experienced a 6.
1% increase in UHNIs, with 13,263 in 2023. These affluent individuals frequently seek exclusive, luxurious experiences, making golf, with its prestigious reputation, a.
