Lewes, DE -- (SBWIRE) -- 05/18/2016 -- Report forecast the global golf clubs market to grow at a CAGR of 2.12% during the period 2016-2020.

A golf club has a slender shaft with a grip and a club head made of metal or wood. It is an integral part of golf equipment. Various types of golf clubs used by golfers are woods, used for long-distance shots; irons, used for a variety of shots; putters, used to roll the ball into the hole; and wedges, a category of irons used for short-distance, highly-accurate, and high-altitude utility shots.

These clubs primarily differ in their loft (the angle) between the vertical plane of the club and the club face. Generally, a set of golf clubs is a combination of different clubs so that the players can select a club appropriate for the required shot.

The report covers the present scenario and the growth prospects of the global golf clubs market for 2016-2020.

The market is divided into the following segments based on geography:
- North America
- APAC
- Europe
- ROW

According to the report, the growth in urbanization and the number of dual-earning households have led to a worldwide increase in disposable income. The rise in the number of dual-earning households has exponentially increased the overall household income, allowing consumers to spend more on luxury sports and services. In developing countries, the per capita disposable income has stabilized, driven by an increase in the percentage of working women.

Further, the report states that golf turf management is also difficult due to seasonal changes. The demand for water to irrigate the turf increases during the summer. This can be a concern for regions with limited water resources. These factors have a significant impact on the production and distribution of golf equipment. Also, changing climatic conditions force vendors to adjust their inventory and delay product launches.

Global Golf Clubs Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Golf Clubs Market: Bridgestone Golf, Callaway Golf Company, Nike, Bridgestone Golf, and TaylorMade Golf Company.

Other Prominent Vendors in the market are: Cobra Golf, Mizuno, Ping, Wilson, and Yonex.

Market driver
- Increased disposable income
- For a full, detailed list, view our report

Market challenge
- Seasonality of sport
- For a full, detailed list, view our report

Market trend
- Rising number of ultra-HNIs
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 66 pages and 32 Exhibit "Global Golf Clubs Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Golf industry: An overview, Market segmentation by product, Geographical segmentation, Market segmentation by distribution channels, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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