Golf Equipment - Laos
Laos- in Laos, a country Southeast_Asia, also plays a significant role in the Golf Equipment market.
- In 2024, the revenue in this market amounts to US$10.9m in Laos.
- Looking ahead, it is expected to grow annually by 4.26%, with a compound annual growth rate (CAGR) between 2024 and 2029.
- When compared globally, China generates the highest revenue in the Golf Equipment market, amounting to a staggering US$8.9bn in 2024.
- This showcases the dominance of the Chinese market in this industry.
- To put the revenue figures into perspective, in 2024, per person revenues in Laos amount to US$1.41.
- This indicates the contribution of each individual to the overall revenue in the Golf Equipment market.
- Despite its small market size, Laos has seen a growing interest in golf equipment, driven by the increasing number of golf courses and the rising popularity of the sport among local and international visitors.
- Key regions:
- United States,
- Indonesia,
- China,
- Europe,
- India
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
