Golf Rangefinder Market Outlook 2024

December 26, 2023

Increase in disposable income, and better lifestyles in emerging nations have led to a rise in participation in golf, which is expected to generate significant demand for golf rangefinders. Additionally, rapid urbanization and surge in awareness of golf as a sport among teens and youngsters is expected to offer lucrative opportunities for market expansion.

Leading players are introducing new techniques and features which helps to calculate the distance to the hole and measures the degree of elevation to plan the shot accurately.

Manufacturers are taking into account consumer preferences for particular products & materials, and making available golf rangefinders at an affordable price range and in custom-made options. Furthermore, golf rangefinder market manufacturers have developed new sales channels through e-commerce websites to keep their businesses growing across regions.

Market Introduction
Golf rangefinder is a device that helps to measure the distance between the golf player and the target. The distance is called the yardage. Golf yardage finder is an accurate and simple measuring device on a golf course.

Laser rangefinder and GPS rangefinder are the two types of golf rangefinders available in the market. Hybrid rangefinder is also gaining popularity. It is a combination of laser rangefinder, and golf GPS rangefinder.

GPS rangefinder uses signals from various satellites to figure the distance of particular targets from the front, back, and the center of the green. They are faster than laser ones. Laser rangefinders use a laser beam to determine the distance between the player and the target. This type of rangefinder is much more accurate.

Growth in Trend of Playing Golf Fueling Golf Rangefinder Market Development
The National Golf Foundation hinted growth in both participation and rounds played in 2020 despite the Covid-19 pandemic. The count as per NGF showed 24.8 million golfers in the U.S. alone in 2020, which was the largest increase in 17 years.

Golf is becoming popular around the world with new millennial consumers inclined toward the game from an early age. Golf is also witnessing rising uptake among the middle class population and younger population across regions, mostly in suburban areas, owing to rapid urbanization, increase in consumer disposable income, and desire to spend more money on recreational activities. Surge in trend of adopting specialized golf playing equipment among youth and teens is projected to create lucrative golf rangefinder market opportunities during the forecast period.

Importance of Golf Rangefinders while Playing Golf
There are many benefits associated with playing golf. It is an ideal exercise, which ultimately results in good sleep, lowers blood pressure, and reduces depression. It also helps to challenge oneself, as most of the time the players play against himself/herself, to try to beat their own previous record.

Growth in acceptance of golf as a sport leads to increase in demand for rangefinders, as it is a crucial tool for players to scale distance and improve their shots. The tool is also essential for novice golfers and amateurs as it helps to gauge the distance between the target hole and them. Golf is played by many businesspersons which helps them to make new business relationships. The importance of golf rangefinders in playing golf is expected to fuel the golf rangefinder market size during the forecast period.

Golf provides various health and wellbeing advantages. Improved muscle tone and endurance helps in losing weight and body fat, improves concentration, and boosts the brain. All these factors are expected to increase the golf rangefinder market value.

20231206164515032