EU - Golf Clubs And Other Golf Equipment - Market Analysis, Forecast, Size, Trends and Insights
Golf Equipment Market - The UK Now Largest Consumer of Golf Clubs In The EU
Golf equipment is a premium segment product. At the same time, it is also used in high turnover institutions, such as sport schools and country clubs, which spares it from the financial fluctuations of the current EU economic crisis. Driven by the growing demand for quality products, the share of domestic supply in Europe increased over the last 5 years (from 9% to 15%).
The European Union is a net importer on the golf equipment market. In physical terms, imports consistently exceeded exports from 2007-2013. However, the difference in the trade balance was less significant in value terms due to high export prices.
When calculating consumption in the EU countries, the leading consuming EU markets were the United Kingdom (43%), France (8%), Germany (7%), Sweden (6%) and Denmark (4%), which together accounted for approximately 67% of total consumption in 2013. The UK and France were also the leading producers of golf clubs and other golf equipment.
In 2013, the EU golf clubs and other golf equipment consumption decreased by 4%. The highest annual growth rates from 2007-2013 were registered in Belgium with 36% growth, Germany and Finland, both with 4% growth.
In France, per capita golf clubs and other golf equipment consumption was stable at 0.69 EUR/year (2013 data, 0.69 EUR/year in 2007). In Belgium, consumption has grown rapidly in recent years. In 2013, Belgium's per capita consumption reached 1.50 EUR/year (close to the EU-average of 1.13 EUR/year) as compared with 0.25 EUR/year in 2007.
Do you want to know more about the EU golf equipment market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- golf equipment market share
- golf equipment prices
- golf equipment industry
- golf equipment sales
- golf equipment market forecast
- golf equipment price forecast
- key golf equipment producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the golf equipment market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
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