Golf Rangefinder Market to Register High Demand Rate by 2028
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Golf Rangefinder Market Insights:
In a recent research report by Market Research Community, the Golf Rangefinder Market is expected to surpass USD 469.4 Million by the year 2028, from 275.5 USD Million in 2021.
The Golf Rangefinder Market Share is projected to grow at a significant pace reaching a CAGR of approximately 6.1%, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of the pandemic spread and lockdown restrictions imposed globally.
A golf rangefinder is a device that uses laser technology to measure the distance between the golfer and various landmarks on a golf course, such as the flagstick or hazards. This information can help a golfer select the appropriate club and make more accurate shots. Some rangefinders can also provide information on the slope of the terrain, which can affect the trajectory of the golf ball. Rangefinders can be handheld or mounted on a tripod and are legal for use in tournament play.
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The study is consolidated into major segments and further into sub-segments, such as By Type (Laser, GPSHybrid), By End-User (Professional, Amateur, Others), to forecast the market size by value.
By Type
- Laser
- GPSHybrid
By End-User
- Professional
- Amateur
- Others
Golf Rangefinder Market Includes Key Players:
- Garmin Ltd.
- Laser Link Golf
- Nikon Corporation
- Precision Pro Golf
- SkyHawke Technologies LLC
- Golf Tech
- Vista Outdoor Inc.
- Callaway Golf Company
- Decathlon S.A.
Golf Rangefinder Market Analysis, and Asian nations are steadily emerging as a result of government policies that are favorable to this market and growing public understanding of the advantages of these systems. Further, regions such as the Latin America, and Europe Middle East and Africa, are expected to boost the market expansion during the forecast period.
By Region
- Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
- Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
- North America– (U.S., Canada, Mexico)
- Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
- Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
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