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Golf Rangefinders Market Share

Report ID: GMI7668
Published Date: Dec 2023
Report Format: PDF

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Golf Rangefinders Market Share

The global golf rangefinders industry is highly fragmented owing to the presence of several market players. Major companies operating in the market are Bushnell, Garmin, Callaway, accounting over 33% business share in the year 2023. The major industry players are focusing on mergers & acquisitions, facility expansion, and strategic partnerships to expand their product offerings, customer reach, and enhance market presence.

Government support to boost the adoption of low GWP refrigerant and the geographical expansion of key players are anticipated to intensify the market competition by 2032.An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base.

Golf Rangefinders Market Companies

Major players operating in the golf rangefinders industry include:

Bushnell Corporation
Garmin Ltd.
Callaway Golf Company

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global market size for golf rangefinders was USD 365 million in 2023 and is anticipated to register over 4.8% CAGR between 2024 and 2032 due to the higher need for accurate and precise distance measurements to improve shot planning and execution.

The 400 m - 800 m lookup range segment accounted for over 45% of the market share in 2023 and is projected to grow through 2032 to offer a balance between accuracy and versatility in a wide range of golf courses and playing conditions.

U.S. industry size was more than USD 95.7 million in 2023 owing to the presence of numerous golf courses in the region.

Some of the prominent golf rangefinder companies worldwide are Bushnell Corporation, Garmin Ltd., and Callaway Golf Company.