Forecasting the Future Growth in 2023 and Disc Golf Market Shares of Top Companies

Market Overview:
Disc Golf, also known as frisbee golf or frolf (a combination of frisbee and golf), is a game that is very similar to traditional ball golf. Disc golf discs typically measure 21-22 cm (8.3-8.7 in) in diameter and weigh 130-180 g (4.6-6.3 oz). All PDGA-approved discs measure 21-30 cm (8.3-11.8 in) in diameter and weigh no more than 200 g (7.1 oz). Discs used for disc golf are designed and shaped for control, speed, and accuracy. There is a wide variety of discs used in disc golf and they are generally divided into distance drivers, fairway drivers, midrange discs, putt & approach, and mini discs. Disc golf is easy to play and is lots of fun. The sport is family friendly, ageless, and low impact. It is a safe way to exercise for boys, girls, teens, and adults. While viewed as an outdoor physical activity, disc golf is also a cognitive sport utilizing the mental processes involving visualization, planning, special judging, and problem-solving using disc flight paths. Schools have been adding disc golf to their curriculum all over the world. Schools are finding that kids not only love the sport but that it helps develop critical thinking through scrutinizing and negotiating obstacles. It also provides a safe means of exercise and can be used for other life lessons like ecology, planning, and socialization. Disc golf is undoubtedly becoming more popular across the globe. It's a cheap, accessible, and easy sport for anyone to learn and love. Like traditional golf, disc golf can be played at any age and at any skill level, which also contributes to its rise in popularity. The increasing popularity of disc golf promotes the growth of disc golf market. Despite the rapid development of Disc Golf, its global influence is still low. At present, in the global market, the United States, Finland, Canada, and Sweden account for more than 85% of the world's disc golf courses. Disc Golf has high popularity in Europe and America, but many people in developing areas such as the Middle East, Africa, South America, and Southeast Asia have not even heard of it. There are certainly regional differences in the popularity of Disc Golf, which challenges the further growth of Disc Golf in developing regions. In global comparison, a significant portion of the revenue was generated in North America (77.15% in 2022). Innova Disc Golf is one of the major players operating in the Disc Golf market, holding a share of 36.65% in 2022.

Disc Golf market reached a value of USD 219.44 million in 2022. It's expected that the market will achieve USD 525.6 million by 2028, exhibiting a CAGR of 15.67% during the forecast period.

A thorough understanding of the Consumer Goods sector and its commercial potential is the aim of the market study. The Disc Golf Market Report has 111 pages and has a detailed table of contents, a list of data, tables, and charts, along with an in-depth analysis.

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Market Segmentation:
Leading Players in the Disc Golf Industry:
DGA
Innova Disc Golf
Yikun Discs
Dynamic Discs
Prodigy Disc
Gateway Disc Sports
Legacy Discs
MVP Disc Sports
Discraft
Latitude 64°
Prodiscus
Discmania

To preserve their position, these big corporations relied on primary growth tactics such as product portfolio expansion, current trends, financing, mergers and acquisitions, partnerships, new product invention, and geographical development.

Based on Type:
Distance Drivers
Fairway Drivers
Midrange Drivers
Putt & Approach
Mini Discs

Based on Application:
Pros
Amateur
Beginner

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Key Factors Considered:
COVID-19 - Amid the COVID-19 crisis, the Disc Golf market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research. The epidemic is still causing tremendous disruption in industries throughout the world. We've been tracking the direct and indirect consequences of the COVID-19 outbreak on the Disc Golf market. To Know How Covid-19 Pandemic will Impact this Industry - https://www.precisionreports.co/enquiry/request-covid19/23298731

Regional Conflict / Russia-Ukraine War - The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.

Challenges & Opportunities - Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

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Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today's businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.

This release was published on openPR.