Indoor Golf Equipment market was valued at US$ 967.6 million in 2022 and is anticipated to reach US$ 1610.3 mi
Indoor Golf Equipment Market: From $967.6M To $1610.3M By 2029
The market for indoor golf equipment had a worth of $967.6 million in 2022 and it is expected to grow to $1610.3 million by 2029. This growth is predicted to have a compound annual growth rate of 8.9% from 2023 to 2029.
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Indoor golf refers to any golf activities that take place indoors. A golf simulator is a device that allows people to play golf on a virtual driving range or course, typically in an indoor environment. Depending on where the sensors are placed, it can now capture data on both the ball and the club, providing accurate information on speed, direction, and simulated ball flight. This data is used to calculate the trajectory and roll out of the ball based on the golfer's swing, taking into account environmental factors such as terrain, wind, rain, and other influences. The size and dimensions of the screen or net are also taken into consideration. The market size estimates for indoor golf equipment took into account the impact of COVID-19 and the Russia-Ukraine War. Some of the leading global players in this industry include GOLFZON, SG-Golf, Okongolf, and SkyTrak, with the top five players holding a 51% market share. The Asia-Pacific region is the largest market, accounting for about 67% of the share, followed by North America at 24% and Europe at 6%.
The purpose of this report is to give a detailed overview of the worldwide market for Indoor Golf Equipment. It includes both quantitative and qualitative analysis to assist readers in developing business strategies, evaluating the competitive landscape, understanding their position in the market, and making informed decisions regarding Indoor Golf Equipment. The report provides estimates and forecasts for the size of the Indoor Golf Equipment market, in terms of revenue ($ millions), for the base year of 2022 and historical and forecast data from 2018 to 2029. The report divides the global Indoor Golf Equipment market into segments and also provides regional market sizes, product types, applications, and information on key players. To gain a deeper understanding of the market, the report includes profiles of competitors, their market rankings, and discussions on technological trends and new product developments.
Categorized by Category Golf Simulator Golf Putting Green Golf Mat Golf Net Others
Categorization based on Usage Business Usage Home Usage
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