New Delhi, 4 July 2014: Over the last six years, golf equipment and apparels market have showcased down trends and registered a negative CAGR of 3.8% from 2008-2013. Golf equipment and apparels market in Australia is a mature market and comprises of golf clubs, golf balls, golf shoes, apparels, bags and golf gloves.
The market was driven by new product line, free clubs demo days and clubs custom fitting offering by the golf manufacturer in Australia from 2008-2013. The major golf brands, which directly and indirectly operating the country are Callaway Golf, Ping Golf, TaylorMade- Adidas, Oakley, Bridgestone Golf, Odyssey, Nike golf, Adam Golf, Wilson Staff, Cleveland, Mizuno Golf and Titleist. However, the most dominant brands include Callaway Golf, Ping, TaylorMade-Adidas and Titleist in Australia; while on the other hand, the most loyal golf brands among golfers include Cobra, PGF, TaylorMade-Adidas and Titleist.
In the coming years, Australia golf equipment and apparels market is projected to witness a negative growth in all the product segments except in golf apparels in the next five years. The market is likely to reach USD 110.4 million by 2018, and thereby register a negative CAGR of 2.7% from 2014-2018. Over the last few years from 2008-2013, the market is largely driven by the aging golfer population, which is likely to remain one of the major growth driver of the market in the near term. In order to increase or maintain golfers’ participation to golf sport, many golf equipment manufacturers are expected to introduce new clubs and golf related equipment in the Australian market and are likely to promote these products among the masses.
The report provides detailed overview on the golf Industry in Australia and will aids readers to identify the golf infrastructure, ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, golf course operators, driving ranges owners, golf equipment and apparels manufacturing companies, suppliers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
For more information on the industry research report please refer to the below mentioned link:
Australia Golf Industry Outlook to 2018 – Increasing Baby Boomer Golfers to Impel Growth