Golf Rangefinders Market Analysis

Golf Rangefinders Market Analysis

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Based on type, the market is divided into Laser, GPS, Others. Laser held the dominant market share of USD 160.7 million in 2023. Laser rangefinders are driven by their accuracy and precision in measuring distances to specific targets. Golfers who prioritize precise yardage measurements for improved shot planning and execution opt for laser rangefinders. GPS rangefinders are popular for their ability to provide course mapping, hazard information, and overall course knowledge. Golfers seeking comprehensive information about the course and assistance in course management choose GPS rangefinders.

Based on lookup range, the golf rangefinders market is categorized into less than 400 m, 400 m - 800 m, more than 800 m. 400 m - 800 m accounted for over 45% industry share in 2023. Golfers who typically play on courses with moderate-sized fairways and greens. Mid-range rangefinders offer a balance between accuracy and versatility, suitable for a wide range of golf courses and playing conditions. Golfers who play on courses with expansive landscapes or in tournaments where longer distances need to be measured. Long-range rangefinders cater to golfers who want to accurately measure distances on courses with extended fairways or for specific shots that require precision at long distances.
 

North America dominated the global golf rangefinders market in 2023. Within North America, the U.S. generated a revenue of over USD 95.7 million in 2023. The presence of numerous golf courses in North America drives the demand for rangefinders among avid golfers. Golfers in the region seek accurate distance measurements on diverse courses.As more individuals take up golf as a recreational activity, there is an increased demand for rangefinders to enhance the golfing experience and performance on the course.