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Golf Equipment - Kyrgyzstan

Kyrgyzstan
  • In Kyrgyzstan, the revenue generated in the Golf Equipment market in 2024 amounts to US$3.3m.
  • It is projected that the market will grow annually by 5.90% (CAGR 2024-2029).
  • When compared globally, China generates the highest revenue in the Golf Equipment market, amounting to US$8.9bn in 2024.
  • In terms of per person revenues, in Kyrgyzstan generates US$0.49 in 2024.
  • Kyrgyzstan's growing tourism industry has led to an increase in demand for high-quality golf equipment among foreign visitors.

Definition:

Golf equipment refers to the tools and accessories used for playing golf, such as clubs, balls, bags, gloves, shoes, and carts. The equipment can be broadly classified into two categories: playing gear and accessories. Playing gear includes items such as clubs, balls, and bags, while accessories include items such as gloves, shoes, and carts. The golf equipment market is highly dependent on factors such as the popularity of the sport, technological advancements in equipment design, and the availability of raw materials.

Additional Information:

The market comprises revenue and average revenue per capita. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Acushnet Holdings, Callaway Golf, TaylorMade Golf, and Ping. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

In-Scope

  • Golf clubs
  • Golf balls
  • Golf bags, gloves, trolleys, carts, and other golf accessories

Out-Of-Scope

  • Golf polos, hats, and other sports apparel
  • Golf shoes and other sports footwear

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jul 2024

Source: Statista Market Insights

Most recent update: Jul 2024

Source: Statista Market Insights

Key Players

Most recent update: Mar 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Jul 2024

Source: Statista Market Insights

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on goods people buy for their leisure activities and hobbies.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use in-house market research, national statistical offices, international institutions, trade associations, third-party studies, and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and household number. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, exponential trend smoothing is well suited for forecasting the Toys & Hobby market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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