Golf Rangefinder Market Size, Share, Growth Analysis, By Product Type(Laser, GPS, Hybrid), By Distribution Channel(Offline, Online), By End-User(Professionals, Beginners), By Price(Premium, Medium, Economy), By Display Technology(Single Display Technology, Dual Display Technology), By Region - Industry Forecast 2024-2031

Globally, North America held the largest share in golf rangefinder market with a strong CAGR rate in 2021. Increased popularity of golf in countries like United States and Canada, high growth in the technology, continuous advancements in products and emergence of several golf competitions are the key factors driving the growth of the market in the region. Additionally, the presence of international market players such as Bushnell Corporation and Callaway coupled with the large number of golf courses is also projected to have a positive impact on the regional market over the forecast period. According to the National Golf Foundation, there were around 16,100 golf courses at nearly 14,100 facilities, in which 75% of them are open to the general public in the United States in 2020.

In addition, Asia Pacific region expected to witness a significant growth rate during the forecast period. This is simple attributed to the increasing manufacturing facilities especially in China region coupled with the growing awareness and increase in income of consumers. According to our findings, china was the largest exporter of rangefinders across the globe with an export value of around USD 230 million in 2021. Furthermore, the continuously rising defence investments in the region is also anticipated to propel the growth and demand for rangefinders in the near future.