GRANDVILLE, Mich., Feb. 18 /PRNewswire/ - Golf is a popular game not only in the US but also many parts of the world such as Korea, Japan, India, China, Germany, UK and South Africa. Within the last 5 years, the golf industry has seen a significant growth of 5-15% annually at various regions of the world. According to a recent market study "Opportunities in the Global Golf Club Market 2004-2009" published by E-Composites, Inc., the golf club market in India and China will see a growth rate of over 25% annually for the next 5 years. The growing popularity of the game and the affluence of the golfers will insure the growth. The market size for the worldwide golf club manufacturing industry is estimated at US $3.9 billion.
An increasing number of golfers in the world have come to rely on higher- level products and thus titanium and carbon fiber have become the mainstream materials in the industry, and the trend now is toward lightweight golf clubs. According to the study, carbon composites dominate over steel in the manufacturing of golf shafts.
The market for manufacturers of golf clubs / golf shafts is crowded with small to large corporations such as Callaway, Taylormade, Acushnet, Ping Golf and Wilson. There are more than 100 manufacturers of golf clubs around the world and about 50 of these golf clubs/shafts manufacturers are in the USA. Suppliers of golf clubs/shafts are mostly based in the US, China, Taiwan, Korea, Japan, UK, and Germany.
This market study determines the market size of golf club manufacturing in various regions of the world and estimates the market share by industry leaders, market trend and forecast, import and export market, emerging markets and many other key market information.
For more information on this study, contact Patrick Keeley by e-mail at Patrickk@e-composites.com or call at Tel.: 616-243-4444 or visit www.e-composites.com/Marketgolf.htm.
E-Composites, Inc. is a US based market research company. E-Composites, Inc. has been tracking various industries such as marine, auto, sporting goods, aerospace, corrosion, and more for the composites industry for many years and has customers ranging from small to multi-national companies such as Dow Chemical, Dow Corning, GE, General Motors, GKN, Hexcel, Lockheed Martin, Martin Marietta, Owens Corning, Saint Gobain, and many more.