Golf Equipment - Nepal
Nepal- In 2024, the revenue in the Golf Equipment market in Nepal amounts to NPR US$31.4m.
- It is projected that the market will experience an annual growth rate of 7.28% (CAGR 2024-2029).
- In comparison to other countries worldwide, China generates the highest revenue in this market, amounting to NPR US$8.9bn in 2024.
- When considering the total population of Nepal, the per person revenue generated in 2024 is NPR US$1.01.
- The Golf Equipment market plays a significant role in Nepal's economy.
- Despite the challenging terrain and limited resources, the demand for high-quality golf equipment in Nepal has been steadily increasing among avid golfers.
- 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
