Golf Rangefinder Market Size, Share & Trends Analysis Report by Type (Laser, GPS, Hybrid), End-User (Professional, Amateur, Others) and Region, By End-use, And Segment Forecast Period – 2021 – 2028

Report ID - MRC_312 | Pages - 268 | Category - Consumer Goods

Golf Rangefinder Market Insights

Global Golf Rangefinder market was estimated to be USD 108.20 million in 2020 and is forecasted to grow at a CAGR of 7.2% during the forecast period of, 2021 – 2028. The key factors driving the market’s growth are growing used of growing interest in golfing globally and permission to use distance measuring devices (DMDs) in golf tournaments will propel the market for the Golf Rangefinder market. Technological advancement in golf, lead to the development of Distance Measuring Devices (DMDs) which measure distance using varied technology. The rules of Golf allow the use of DMDs in the Golf sport which is the driving force for the growth of golf rangefinder market. The permission to use DMD is benefitting many players who play in the clubs, amateur competitions, USGA, and Royal and Ancient Golf Club of St Andrews (R&A) amateur championships and thus, expanding the market size of golf rangefinder.

Golf Rangefinder is a device that aids golfers in measuring yardage. Golfers require to measure yardage for understanding the distance to a hazard, the distance required to clear a hazard, or the distance between them and a flag. Modern rangefinders can accurately measure such distance and assist the golfer in lowering their score. These devices can be laser-based, Global Positioning System (GPS) based, or can be a hybrid of both these technologies. The higher-end products, having better functionalities and accuracy, are generally preferred by the professional golfers while the more economic options are chosen by amateurs and beginners.

Furthermore, some technical aspects such as picking up the wrong target, the battery needing to be charged up every few rounds, and less accuracy. These factors may hamper the growth of global Golf Rangefinder market.

COVID-19 Analysis of Global Golf Rangefinder Market

Covid-19 had affected the global Golf Rangefinder market in the first half of 2020 due to the lockdown and government restrictions on outdoor and indoor spaces. Major nations around the world have imposed strict lockdown leading to the closure of golf courses to follow the social distancing norms.

Manufacturers of Golf Rangefinder reported a loss in sales revenue during the lockdown phase of 2020. Callaway, one of the leading producers of Golf Rangefinder reported a loss of 34% in its revenue for the second quarter of 2020 in comparison with the second quarter of 2019. Net year revenue for 2020 was USD 1,590 million which was lower than the previous year, as 2019 revenue was USD 1,701 million. The PGA Tour on the advisory of CDC and WHO has also canceled many of its ongoing and upcoming golf tournaments in March 2020 due to Coronavirus.

Covid-19 had a moderate impact on various regions of the Golf Rangefinder market. Nations like the United States and the UK temporarily closed the golf courses which led to the loss in revenue of the rangefinder’s devices market followed by a loss in the revenue faced by prominent manufacturers during the COVID-19 lockdown.

Global Golf Rangefinder Market Report Coverage

Golf Rangefinder Market is segmented by Type, End-User, and Region. By Type, the market is segmented into Laser, GPS, and Hybrid. By End-User, the market is bifurcated into Professional, Amateur, and Others. The report also covers the market size and forecasts for the Global Golf Rangefinders Market in 22 countries across major regions.

Report AttributesReport Details
Study Timeline2016-2028
Market Size in 2028USD 184.60 Million
CAGR (2021-2028)7.2%
By TypeLaser, GPSHybrid
By End-UserProfessional, Amateur, Others
By GeographyNorth America: U.S., Canada, Mexico

Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe

Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific

Latin America: Brazil, Argentina, Chile, Rest of Latin America

The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA

Global Golf Rangefinder Market Segmental Analysis

Market Research Community provides an extensive analysis of the size, share, and major trends in each sub-segment of the Global Golf Rangefinder Market, along with forecasts at the global, regional, and country levels from 2021-2028.

Laser accounted for the largest market share in global golf rangefinders market

The laser golf rangefinders segment accounted for 60.77% share of the global golf rangefinders market in 2020 and is expected to grow at a CAGR of 6.4% during the forecast period, 2021-2028. Laser rangefinders are based on laser beam technology to measure yardage. Laser rangefinders are the more widely used rangefinders, among all types. This type of rangefinder can measure yardage with the most accuracy, when compared to GPS type, and can locate the target with an error range of only 10 inches.

Global Golf Rangefinder Market Revenue (USD Million), By Laser, 2015-2028

The key factor that is anticipated to drive the market is the surge in technological innovation. The Pro XE technologically advanced laser rangefinders were launched by Bushnell Corporation in January 2019. The product has improved optics, coupled with a longer range of target locations.

Amateur is the fastest-growing segment in global golf rangefinder market

An amateur player is a player who plays for a challenge, not as a profession, and not for financial gain. The increasing trend of disabled players and women participating in golf sports will give more opportunities for the growth of golf rangefinder market.

Global Golf Rangefinder Market Revenue (USD Million), By Amateur, 2015-2028)

In recent years, the number of amateur golfers increased in several nations, where golf is just setting up its base. Since such golfers are in a learning phase, rangefinders are being increasingly utilized to improve their shot accuracy. The recent change in ‘The Rules of Golf’ in 2019, allowing distance measuring devices (DMDs) in tournaments, can be expected to boost the demand for rangefinders amongst amateur players.

Asia Pacific is the fastest-growing region in global golf rangefinder market

Countries in Asia Pacific are showing promising growth in interest in golf. The golf industry in India has been steadily rising owing to an increase in junior golf programs and government initiatives toward golf. The Ministry of Tourism has involved golf as a major attraction for tourism in the regions.

Asia Pacific is the fastest-growing region in global golf rangefinder market

Furthermore, Japan held the largest market share in 2020, for revenue generated from golf rangefinder sales, while China is estimated to be the fastest-growing country. Japan had the largest number of golf courses, in Asia-Pacific, followed by Australia.

China is fastest growing country in golf industry due to its growing interest in the game. The golf industry in 2018 is worth approximately 1 billion USD, up 10 percent from last year according to the Huidan Research. In China, people participated in the game and numerous courses were nearly 1.1 million had been built within the decade. (Source: China Golf Association).

Global Golf Rangefinder Market Competitive Landscape

Global Golf Rangefinder Market study is moderately competitive, with a considerable number of regional and global players. The key strategies adopted by these firms include expansions, mergers and acquisitions, and product innovations.

Key Players

  • Vista Outdoor Inc.
  • Callaway Golf Company
  • Decathlon S.A.
  • Garmin Ltd.
  • Laser Link Golf
  • Nikon Corporation
  • Precision Pro Golf
  • SkyHawke Technologies LLC
  • Golf Tech

Diversification of its products with new sport types of equipment gives a competitive edge to the principal market players in Global Golf Rangefinder Market. Furthermore, smaller players are widely involved in developing innovative products while larger players are mostly involved in expanding their market reach.

Recent Developments

  • January 2021 – Bushnell Golf launched a new ION EDGE golf GPS App to fulfil the customer’s needs for golfer’s wearable electronic monitoring devices.
  • March 2021 – Garmin International, Inc. expanded its GPS golf products with new approach series. In addition, the company added, Approach S12 watch, the Approach S42 smartwatch, and the Approach G12 GPS rangefinder. The company expanded to strengthen its portfolio with new technologies and features.

Table of Content

Chapter 1 Introduction
1.1 Market Introduction
1.2 Market Research Methodology
1.2.1 Research Process
1.2.2 Primary Research
1.2.3 Secondary Research
1.2.4 Data Collection Technique
1.2.5 Data Sources
1.3 Market Estimation Methodology
1.3.1 Limitations of the Study
1.4 Product Picture of Golf Rangefinder
1.5 Global Golf Rangefinder Market: Classification
1.6 Geographic Scope
1.7 Years Considered for the Study
1.8 Research Methodology in brief
1.9 Parent Market Overview – Global Golf Rangefinders Market
1.10 Overall Mobile Golf Rangefinders Regional Demand
1.11 Second Approach
1.12 Third Approach
1.13 Research Programs/Design
1.14 Market Breakdown and Data Triangulation Approach
1.15 Data Source
1.16 Secondary Sources
1.17 Primary Sources
1.18 Primary Interviews:
1.19 Average primary breakdown ratio

Chapter 2 Executive Summary
2.1 Business Trends
2.2 Regional Trends
2.3 Type Trends
2.4 End-User Trends

Chapter 3 Market Dynamics
3.1 Drivers
3.1.1 Permission to use Distance Measuring Devices (DMDs) in golf tournaments is primarily driving the market
3.1.2 Growing number of golf enthusiasts globally is driving the demand for golf rangefinders
3.2 Restraints
3.2.1 Technical aspects of rangefinder could restraint the growth of the golf rangefinder market
3.3 Opportunities
3.3.1 Increasing inclusive Golf (disability) and women participating in golf sport gives more opportunity for the growth of golf rangefinder
3.3.2 Growing number of golf courses which attract more people to play golf which provides more opportunity for the growth of golf rangefinder
3.3.3 Impact forces for market dynamics
3.3.4 Impact forces during the forecast years
3.4 Industry Value Chain
3.4.1 Upstream analysis
3.4.2 Downstream analysis
3.5 Manufacturing Cost Analysis
3.5.1 Key components
3.5.2 Quality Control
3.5.3 Assembling & Packaging
3.5.4 Labor Cost
3.5.5 Miscellaneous
3.6 Key Technology Landscape
3.6.1 Laser Technology
3.6.2 Global Positioning System (GPS) Technology
3.6.3 Hybrid Technology
3.7 Regulatory Analysis
3.8 Porter’s Analysis
3.8.1 Supplier Power
3.8.2 Buyer Power
3.8.3 Substitution Threat
3.8.4 Threat from New Entry
3.8.5 Competitive Rivalry
3.9 PESTEL Analysis
3.9.1 Political Factors
3.9.2 Economic Factor
3.9.3 Social Factors
3.9.4 Technological Factor
3.9.5 Environmental Factors
3.9.6 Legal Factor
3.10 Covid-19 impact on Global economy
3.11 Covid-19 impact on Global Golf Rangefinders Market demand
3.12 Post-Covid Impact on Global Golf Rangefinders Market Demand

Chapter 4 Global Golf Rangefinder Market Analysis Forecast by Type
4.1 Global Golf Rangefinder Segment by Type
4.1.1 Global Golf Rangefinder Market Revenue Share (%), by Type, 2020
4.1.2 Global Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
4.2 Global Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
4.2.1 Laser
4.2.2 GPS
4.2.3 Hybrid

Chapter 5 Global Golf Rangefinder Market Analysis Forecast by End-User
5.1 GlobalGolf Rangefinder Segment by End-User
5.1.1 Global Golf Rangefinder Market Revenue Share (%), by End-User, 2020
5.1.2 Global Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
5.2 Global Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
5.2.1 Professional
5.2.2 Amateur
5.2.3 Others

Chapter 6 Global Golf Rangefinder Market by Players
6.1 Global Golf Rangefinder Market Revenue Share (%): Competitive Analysis, 2020
6.1.1 Key strategies adopted by market players
6.1.2 Global Golf Rangefinders Market Revenue (USD Million), By Manufacturer 2020
6.1.3 Global Golf Rangefinders Market Revenue Share (%), By Manufacturer 2020
6.2 Global Golf Rangefinders Market: Recent Development

Chapter 7 Golf Rangefinder by Regions
7.1 Global Golf Rangefinder Market Overview, By Region
7.1.1 Global Golf Rangefinder Market Revenue, By region
7.2 Global Golf Rangefinder Market Revenue (USD Million), 2015- 2028
7.2.1 Global Golf Rangefinder Market Revenue Share (%) by Region, 2020
7.3 North America
7.3.1 North America Golf Rangefinder Market Revenue (USD Million), 2015-2028
7.4 Asia Pacific
7.4.1 APAC Golf Rangefinder Market Revenue (USD Million), 2015-2028
7.5 Europe
7.5.1 Europe Golf Rangefinder Market Revenue (USD Million), 2015-2028
7.6 Latin America
7.6.1 Latin America Golf Rangefinder Market Revenue (USD Million), 2015-2028
7.7 Middle East & Africa
7.7.1 Middle East & Africa Golf Rangefinder Market Revenue (USD Million), 2015-2028

Chapter 8 North America
8.1 North America Golf Rangefinder Market Size by Countries
8.1.1 North America Golf Rangefinder Market Revenue (USD Million) by Countries (2015-2020)
8.1.2 North America Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
8.1.3 North America Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
8.2 United States
8.2.1 U.S. Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
8.2.2 U.S. Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
8.3 Canada
8.3.1 Canada Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
8.3.2 Canada Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
8.4 Mexico
8.4.1 Mexico Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
8.4.2 Mexico Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028

Chapter 9 Europe
9.1 Europe Golf Rangefinder Market Size by Countries
9.1.1 Europe Golf Rangefinder Market Revenue (USD Million) by Countries (2015-2020)
9.1.2 Europe Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
9.1.3 Europe Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
9.2 UK
9.2.1 UK Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
9.2.2 UK Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
9.3 Germany
9.3.1 Germany Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
9.3.2 Germany Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
9.4 France
9.4.1 France Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
9.4.2 France Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
9.5 Sweden
9.5.1 Sweden Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
9.5.2 Sweden Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
9.6 Spain
9.6.1 Spain Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
9.6.2 Spain Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
9.7 Ireland
9.7.1 Ireland Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
9.7.2 Ireland Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028

Chapter 10 Asia Pacific
10.1 Asia Pacific Golf Rangefinder Market Size by Countries
10.1.1 Asia Pacific Golf Rangefinder Market Revenue (USD Million) by Countries (2015-2020)
10.1.2 Asia Pacific Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
10.1.3 Asia Pacific Golf Rangefinder Market Revenue (USD Million), by End Use, 2015 – 2028
10.2 Japan
10.2.1 Japan Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
10.2.2 Japan Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
10.3 Australia
10.3.1 Australia Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
10.3.2 Australia Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
10.4 South Korea
10.4.1 South Korea Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
10.4.2 South Korea Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
10.5 China
10.5.1 China Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
10.5.2 China Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
10.6 New Zealand
10.6.1 New Zealand Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
10.6.2 New Zealand Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028

Chapter 11 Latin America
11.1 Latin America Golf Rangefinder Market Size by Countries
11.1.1 Latin America Golf Rangefinder Market Revenue (USD Million) by Countries (2015-2020)
11.1.2 Latin America Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
11.1.3 Latin America Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
11.2 Argentina
11.2.1 Argentina Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
11.2.2 Argentina Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
11.3 Brazil
11.3.1 Brazil Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
11.3.2 Brazil Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
11.4 Chile
11.4.1 Chile Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
11.4.2 Chile Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028

Chapter 12 Middle East and Africa
12.1 Middle East and Africa Golf Rangefinder Market Size by Countries
12.1.1 Middle East and Africa Golf Rangefinder Market Revenue (USD Million) by Countries (2015-2020)
12.1.2 Middle East and Africa Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
12.1.3 Middle East and Africa Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
12.2 South Africa
12.2.1 South Africa Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
12.2.2 South Africa Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
12.3 Morocco
12.3.1 Morocco Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
12.3.2 Morocco Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
12.4 Nigeria
12.4.1 Nigeria Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
12.4.2 Nigeria Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
12.5 Turkey
12.5.1 Turkey Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
12.5.2 Turkey Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028
12.6 UAE
12.6.1 UAE Golf Rangefinder Market Revenue (USD Million), by Type, 2015 – 2028
12.6.2 UAE Golf Rangefinder Market Revenue (USD Million), by End-User, 2015 – 2028

Chapter 13 Competitive Analysis
13.1 Vista Outdoor, Inc.
13.1.1 Business Overview
13.1.2 Vista Outdoor Inc.Business Financials (USD Billion)
13.1.3 Vista Outdoor Inc. Product Category, Type and Specification
13.1.4 Vista Outdoor Inc. Main Business/Business Overview
13.1.5 Vista Outdoor Inc. Recent Development
13.1.6 Vista Outdoor Inc. Swot Analysis
13.2 Callaway Golf Company
13.2.1 Business Overview
13.2.2 Callaway Golf Company Business Financials (USD Billion)
13.2.3 Callaway Golf Company Product Category, Type and Specification
13.2.4 Callaway Golf Company Main Business/Business Overview
13.2.5 Callaway Golf Company Swot Analysis
13.3 Decathlon S.A.
13.3.1 Business Overview
13.3.2 Decathlon S.A. Business Financials (USD Billion)
13.3.3 Decathlon S.A. Product Category, Type and Specification
13.3.4 Decathlon S.A. Main Business/Business Overview
13.3.5 Decathlon S.A. Swot Analysis
13.4 Garmin Ltd.
13.4.1 Business Overview
13.4.2 Garmin Ltd. Business Financials (USD Billion)
13.4.3 Garmin Ltd. Product Category, Type, and Specification
13.4.4 Garmin Ltd. Main Business/Business Overview
13.4.5 Garmin Ltd. Recent Development
13.4.6 Garmin Ltd. Swot Analysis
13.5 Laser Link Golf
13.5.1 Business Overview
13.5.2 Laser Link Golf Business Financials
13.5.3 Laser Link Golf Product Category, Type and Specification
13.5.4 Laser Link Golf Main Business/Business Overview
13.5.5 Laser Link Golf Swot Analysis
13.6 Nikon Corporation
13.6.1 Business Overview
13.6.2 Nikon Corporation Business Financials (USD Billion)
13.6.3 Nikon Corporation Product Category, Type and Specification
13.6.4 Nikon Corporation Main Business/Business Overview
13.6.5 Nikon Corporation Recent Development
13.6.6 Nikon Corporation Swot Analysis
13.7 Precision Pro Golf
13.7.1 Business Overview
13.7.2 Precision Pro Golf Business Financials (USD Million)
13.7.3 Precision Pro Golf Range Finder Product Category, Type, and Specification
13.7.4 Precision Pro Golf Main Business/Business Overview
13.7.5 Precision Pro Golf Swot Analysis
13.8 SkyHawke Technologies LLC
13.8.1 Business Overview
13.8.2 SkyHawke Technologies LLC Business Financials (USD Million)
13.8.3 SkyHawke Technologies LLC Range Finder Product Category, Type, and Specification
13.8.4 SkyHawke Technologies LLC Main Business/Business Overview
13.8.1 SkyHawke Technologies LLC Recent Development
13.8.2 SkyHawke Technologies LLC Swot Analysis
13.9 Golf Tech
13.9.1 Business Overview
13.9.1 Golf Tech Business Financials (USD Million)
13.9.3 Golf Tech Range Finder Product Category, Type, and Specification
13.9.4 Golf Tech Main Business/Business Overview
13.9.6 Golf Tech Swot Analysis

Chapter 14 Market Research Findings & Conclusion
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