Dublin, Sept. 27, 2023 (GLOBE NEWSWIRE) -- The "Global Golf Ball Market by Type (Advanced Balls, Practice & Range Balls, Recycled Balls), Application (Leisure, Professional) - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Golf Ball Market has witnessed robust growth and is poised to achieve even greater heights. In 2022, the market was estimated to be worth USD 658.73 million, and in 2023, it reached USD 714.95 million. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.01% during the period from 2023 to 2030, ultimately reaching a valuation of USD 1,313.97 million by 2030.
Cumulative Impact of COVID-19, Russia-Ukraine Conflict, and High Inflation:
The ongoing research into the Global Golf Ball Market takes into account the cumulative impact of significant global events such as COVID-19, the Russia-Ukraine Conflict, and the challenge of high inflation. These factors are expected to have long-term effects on the market. The study examines how changes in consumer behavior, supply chain disruptions, and government interventions resulting from the pandemic have influenced the golf ball market.
Additionally, it considers the ongoing political and economic uncertainty in Eastern Europe stemming from the Russia-Ukraine Conflict and its potential implications for supply-demand dynamics, pricing pressures, and import/export activities.
Moreover, the report addresses the impact of high inflation on the global economy and outlines fiscal policies aimed at measuring and mitigating its effects on demand, supply, cash flow, and currency exchange.
Market Segmentation & Coverage:
The research report categorizes the Global Golf Ball Market to forecast revenues and analyze trends in each of the following sub-markets:
Type:
- Advanced Balls
- Practice & Range Balls
- Recycled Balls
- X-Out Balls
Among these, Advanced Balls are projected to witness a significant market share during the forecast period.
Application:
- Leisure
- Professional
The Leisure segment is expected to capture a substantial market share during the forecast period.
Region:
- Americas
- Asia-Pacific
- Europe, Middle East & Africa
Americas commanded the largest market share of 38.74% in 2022, followed by Europe, Middle East & Africa.
The report offers insights into the following areas:
- Market Penetration
- Market Development
- Market Diversification
- Market Trends
- Competitive Assessment & Intelligence
- Product Development & Innovation
The report answers key questions such as:
- What is the market size and forecast of the Global Golf Ball Market?
- How have inhibiting factors and the impact of COVID-19 shaped the Global Golf Ball Market during the forecast period?
- Which products/segments/applications/areas are promising for investment in the Global Golf Ball Market?
- What is the competitive strategic window for opportunities in the Global Golf Ball Market?
- What are the technology trends and regulatory frameworks in the Global Golf Ball Market?
- What is the market share of the leading vendors in the Global Golf Ball Market?
- Which modes and strategic moves are considered suitable for entering the Global Golf Ball Market?
Companies Mentioned
- Acushnet Holdings Corp.
- Berkshire Hathaway Inc.
- Bridgestone Golf, Inc.
- Callaway Golf Company
- Dick's Sporting Goods, Inc.
- Dixon Golf
- HONMA GOLF
- Mizuno Corporation
- Nike Inc.
- OnCore Golf Technology, Inc.
- Snell Golf
- TaylorMade Golf Company, Inc.
- Tee Ventures (India) Pvt. Ltd.
- Toppoint
- XXIO by Sumitomo Rubber Industries, Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/74aay8
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