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Kenneth Research, in its repository of market research reports, have recently added a report on Putter Grip Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Putter Grip Market products.
REPORT HIGHLIGHT
The putter grip market was valued at USD 518.1 million by 2017, growing with 2.6% CAGR during the forecast period, 2018-2025
Market Dynamics
Putter Grip is a predominant equipment used in the golf industry. The primary importance of this product is to enhance the hold of the putter in a way that they can exercise more control over the swing and the motion a particular shot. Putter grips enhance a putter's accuracy, confidence and the distance at which the shot may go to. There are various materials that the grips may be made out of and the user can decide on the basis of personal style and comfort. Some of the common types of grips that are used are pistol, round, flat, parallel, and jumbo grips.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Materials Takeaway
The family tree of the type of materials can be made up of are rubber, cord and other. Cord materials aren't the most preferred grips when it comes to gold. They may provide the good hold, however, they soak up moisture eventually, therefore may not be the preferred choice of type for a long game. Thereby, based on comfort, cords will not be the preferred choice among the rest.
Plastic grips were also tried out, the advantage is these come out in various colours, however, the disadvantage is that it may not be the best choice when it comes to rains or snow, and hence it never quite hit it off. The market share is a complete landslide towards rubber. Rubber dominates the majority of the revenue share when it comes to the putter grip industry. Rubbers are meant for a sturdy hold while giving the user a good range of motion. It creates a good sturdy grip without interfering with the performance of the player or strokes. This is one of the reasons why it is the most commonly used material for this product.
Size Takeaway
The basic types of sizes available are standard, midsize, jumbo and other. These major categories root from different needs for different people. The need for size differs from women to men to kids. Determining the right size for your grip is the difference between good games of a bad game. One clear way of determining the size of the product is to determine the size of your golf gloves. In most cases, it is a perfect fit. Men's large & medium and women's large is usually standard sized golf. A men's medium and a women's small or medium is best for determining the small-sized or undersized grips when it comes to Golf grips or putter grips. Without the right sized grips, the swing could go unpredictably to the right of the left and the distance measurement also is invariably skewed.
Distributional Channel Takeaway
The major distribution channels used for putter grip marketing are online sales, Equipping outlets, and a second-hand market. Due to the constantly growing traffic and traction online is the reason that the online distribution channel is deemed to be the fastest growing one. An increased number of people opt for online sources this is because of the growth spurt in digital marketing. One of the kept reasons for this is the ease of payment of other distribution channels that have historically been the most popular are the brick and mortar type equipment outlets. Various mid-sized distribution channels are also a part of the distribution network.
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Key Vendor Takeaway
The major players in the industry are Golf Pride, SuperStroke, Winn, TaylorMade, Iomic, Boccieri, Integra, Cobra, Scotty Cameron, Tacki-Mac, JumboMax, Ray Cook, Rife, Loudmouth Golf, Lamkin, The Grip Master, EGIGO, Avon Grips. Golf pride is the market leader in the industry this is followed by companies such as Lamkin and Superstroke.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY MATERIAL
Rubber
Cord
MARKET, BY SIZE
Standard
Mid-Sized
Jumbo
Others
MARKET, BY DISTRIBUTION CHANNEL
Online Sales
Equipping Outlets
Secondhand Market
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
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