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08 October 2022

Douglas Insights Adds Golf Ball Market Research Reports to Its Comparison Engine

Douglas Insights has recently added Golf Ball Market research reports to its unique comparison engine. These reports enable market experts, research analysts, industry specialists, and a wide range of businesses to identify past, current, and future market trends and key growth drivers. It also allows them to assess limitations, hindrances, and forecasts in these markets. Douglas Insights is the world's first-ever comparison engine that provides detailed market research reports. Moreover, their comparison engine allows access to an accurate and comprehensive range of private and public market reports. Industry researchers and experts can use this digital tool to compare various market reports by List of Contents, Publication Dates, Publisher Ratings, and Prices.

 

Golf is one of the most popular sports today. It is a club-and-ball sport that involves hitting a golf ball through several holes with the least number of hits. This game requires accuracy, precision, and concentration and is certainly not a game of chance. Due to the unique nature of this sport, it is enjoyed by players and viewers worldwide. Professional golf players play national and international golf tournaments to represent their city or country. While there are many items a golfer needs while playing golf, such as hats, gloves, etc., the two primary items are golf balls and golf balls. 

 

Like most markets, the global golf ball market also experienced a decline in demand and sales due to the covid-19 pandemic. Golf clubs worldwide have to close down temporarily, and many golf tournaments were cancelled due to strict lockdown orders imposed by governments to curb the spread of the virus. However, now that the situation has improved, the global golf ball market is expected to experience a positive growth rate in the upcoming year. This market is projected to grow at a CAGR of 5.2% between 2021 and 2027. 

 

The global golf ball market is expanding primarily due to rising income levels and growing support for golf tourism. Training workshops, golf courses, and golf competitions are increasingly being organised by governments worldwide to promote tourism, which is one of the major factors driving the golf ball market. A rise in income levels among the middle-class population is also fuelling the growth of this market. 

 

Additionally, technological advancements in the golf ball market are projected to impact this market's growth positively. For instance, seamless cover technology aids in creating irregular joints around the golf balls. These balls then offer golfers more accuracy while reducing aerodynamic drag. Thus, golfers can hit the ball farther with less spin.

 

Moreover, several emerging counties are now hosting golf events and tournaments to promote domestic and international tourism. This positive sports favourability is further fuelling the demand for golf balls. Hotels and resort owners in these countries are focusing on organising trips and vacations to attract tourists, which is projected to increase the market growth further.  

 

The prominent players in the global golf ball market include Acushnet Holdings Corp (Titleist), Bridgestone Golf, SUMITOMO Rubber Industries Ltd, TaylorMade Golf Company, INC, Dixon Golf, Inc, Mizuno Corporation, etc. These players focus on mergers and acquisitions to increase their global market reach. Additionally, they are also partnering with holiday resorts and hotels to develop golf facilities where golfers will use their golf balls exclusively. 

 

However, the golf ball market has seen a drop in the popularity of golf in nations including the United States, Canada, and Europe. Since golf is a relatively slow sport, there has been a decline in interest among young adults. Moreover, the increasing fuel and raw material prices are also expected to hinder the growth of the global golf ball market. 

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