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Golf GPS Market share, Market trends, and forecasts from 2024 to 2031.

03-02-2024 12:05 PM CET | Energy & Environment

Press release from: Report Prime

Golf GPS Market share, Market trends, and forecasts from 2024

Market Overview and Report Coverage

A Golf GPS, or Global Positioning System, is a device used by golfers to help them navigate the course, track distances, and improve their game. With the rise of technology in sports and the increasing popularity of golf, the Golf GPS Market has seen significant growth in recent years.
The Golf GPS Market is expected to continue its growth trajectory in the coming years, with a projected CAGR of 5.44% during the forecasted period. This growth can be attributed to the increasing number of golf enthusiasts looking for ways to enhance their game, as well as advancements in GPS technology making these devices more accurate and user-friendly.
As more golfers recognize the benefits of using GPS devices on the course, the market is expected to expand further. This trend is also driven by the growing demand for smart wearable devices among consumers, as well as the rise of digitalization in sports and recreational activities.
Overall, the future outlook for the Golf GPS Market looks promising, with manufacturers expected to introduce more innovative features and products to cater to the evolving needs of golfers. With technology playing a crucial role in the sport, Golf GPS devices are set to become an essential tool for players of all skill levels.

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Market Segmentation
The Golf GPS Market Analysis by types is segmented into:
• Wristband Watch Type
• Handheld Device Type

The Golf GPS market can be divided into two main types: Wristband Watch Type and Handheld Device Type. The Wristband Watch Type is a convenient and wearable option that provides golfers with accurate distance measurements and course information right on their wrist. On the other hand, the Handheld Device Type offers a larger screen and more advanced features, making it suitable for those who prefer a more traditional GPS device for their golfing needs. Both types cater to the diverse preferences and requirements of golfers when it comes to GPS technology on the course.

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The Golf GPS Market Industry Research by Application is segmented into:
• Professional Using
• Amateur Using

The Golf GPS market caters to both professional and amateur users. Professional users, such as professional golfers and coaches, rely on GPS technology to improve their performance on the course and analyze their game data. On the other hand, amateur users, like casual golfers and hobbyists, use GPS devices to enhance their playing experience and track their progress. Both segments benefit from the advanced features and accuracy offered by golf GPS devices to elevate their game.

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In terms of Region, the Golf GPS Market Players available by Region are:

North America:
• United States
• Canada

• Germany
• France
• U.K.
• Italy
• Russia

• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• Korea

What are the Emerging Trends in the Global Golf GPS market?
The global golf GPS market is witnessing several emerging trends that are shaping the industry. One of the key trends is the increasing use of wearable technology in golf GPS devices, offering more convenience and real-time data to players. Another trend is the integration of advanced analytics and artificial intelligence in golf GPS systems, providing players with personalized insights and recommendations. Additionally, the growing popularity of online golf coaching and training platforms is driving the demand for golf GPS devices that can accurately track and analyze performance metrics. Overall, the market is poised for growth with these innovative trends driving increased adoption among players of all skill levels.

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Major Market Players
Garmin is a leading player in the competitive golf GPS market, offering a wide range of products such as handheld GPS devices and golf watches. The company has a strong reputation for providing accurate and reliable distance measurements on the golf course. Garmin has experienced significant market growth over the years, expanding its product line to cater to the needs of golfers of all skill levels. The company's market size is estimated to be in the billions.
Bushnell is another key player in the golf GPS market, known for its innovative rangefinders and GPS watches. The company has a long history of providing high-quality products to golfers, helping them improve their game through accurate distance measurements. Bushnell has seen steady market growth and has a sizeable share of the golf GPS market.
GolfBuddy is a prominent player in the golf GPS market, offering a range of handheld GPS devices and GPS watches. The company has gained a strong foothold in the market by providing golfers with accurate and reliable distance measurements. GolfBuddy has experienced significant market growth and has a sizeable market share.
According to available data, Garmin reported sales revenue of approximately $3.76 billion in 2020. Bushnell's parent company, Vista Outdoor, reported sales revenue of around $2.3 billion in the same year. GolfBuddy's sales revenue is estimated to be in the hundreds of millions.
Overall, the competitive golf GPS market is dominated by key players such as Garmin, Bushnell, and GolfBuddy, who continue to innovate and expand their product offerings to meet the needs of golfers worldwide. With steady market growth and healthy sales revenue, these companies are poised for continued success in the golf GPS market.

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Name: Mahesh Patel
Phone: +1 507 500 7209

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