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Golf Rangefinders Market Trends

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

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Golf Rangefinders Market Trends

Rangefinders with integrated GPS technology provide golfers with additional course mapping and navigation features. The combination of laser and GPS technologies enhances the golfer's ability to make informed decisions, especially in terms of course management.

Rangefinders with slope compensation features continue to gain popularity. Golfers appreciate the ability to adjust yardage measurements based on the slope of the terrain, providing more accurate distance information. Rangefinders with advanced target-locking systems that quickly and accurately lock onto flags and other targets.

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.