Within the last five years, the golf industry has seen a significant growth of 5-15% annually in various regions of the world. Golf is growing in popularity in many countries including Korea, India and China.
According to the market study “Opportunities in the Global Golf Club Market 2004-2009” published earlier this year by E-Composites Inc., the golf club market in India and China will see a growth rate of over 25% annually for the next five years. The growing popularity of the game and the affluence of the golfers will insure the growth. The market size for the worldwide golf club manufacturing industry is estimated at US$3.9 billion.
An increasing number of golfers in the world have come to rely on higher-level products and thus titanium and carbon fibre have become the mainstream materials in the industry, and the trend now is toward lightweight golf clubs. According to the study, carbon composites dominate over steel in the manufacturing of golf shafts.
There are more than 100 manufacturers of golf clubs around the world and about 50 of these golf clubs/shafts manufacturers are in the USA.
This market study determines the market size of golf club manufacturing in various regions of the world and estimates the market share by industry leaders, market trend and forecast, import and export market, emerging markets and many other key market information.
E-Composites Inc. is a US based market research company which has been tracking various industries such as marine, auto, sporting goods, aerospace, corrosion, and more for the composites industry for many years.
“Opportunities in the Global Golf Club Market 2004-2009‘ 155 pages, 51 figures/charts and 21 tables
E-Composites Inc www.e-composites.com/Marketgolf.htm
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