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Los Angeles, CA -- (SBWIRE) -- 05/28/2019 -- A golf rangefinder is a handheld device that uses different technologies to track the distance between the club and the flag. It is mostly used with a camera or a gun. The two types of rangefinders are laser golf rangefinders (uses laser beam technology) and GPS golf rangefinders (uses GPS technology).
The approval of DMDs in golf tournaments will have a positive impact on the market's growth during the next few years. To enhance the experience of the game, the golf-governing bodies have allowed the use of DMDs if the local community rules allow it. This rule defined by local committees on the use of DMDs allows the limited use of laser and GPS rangefinders on smartphones. However, the devices are limited to be used only for measuring the distance but not slope, wind speed, or club recommendations, in turn, creating several business opportunities for golf equipment manufacturers. This, in turn, driving the need for golf distance finders market and laser golf rangefinders market.
The Americas accounted for the maximum growth of the golf equipment market during 2017. With the growing popularity of smart golf rangefinders in the advanced economies including the US, this region will continue its dominance in the market during the next few years as well.
The global Golf Rangefinder market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
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This report studies the Golf Rangefinder market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Golf Rangefinder in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Bushnell Outdoor Products
Callaway Golf Company
Nikon
SkyHawke Technologies
ZEISS International
By the product type, the market is primarily split into
Laser Golf Rangefinders
GPS Golf Rangefinders
By the end users/application, this report covers the following segments
Professional Players
Amateurs
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