Disc Golf Market Major Players, Analysis and Forecast Till 2018-2028
The global disc golf market is growing rapidly, driven by the increasing popularity of disc golf as a recreational activity and the growing number of disc golf courses and tournaments are key market trends.
As per the TechSci Research report titled "Global Disc Golf Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the Global Disc Golf Market reached USD 201.65 million in 2022 and is expected to exhibit a CAGR of 18.15% during the forecast period from 2024 to 2028. Positioned as a flourishing segment within the sports and recreational industry, disc golf uniquely blends traditional golf with frisbee, challenging players to navigate a course with minimal throws. The sport's widespread appeal, inclusivity, and environmentally conscious attributes have significantly contributed to its widespread popularity. Noteworthy growth factors encompass a surge in player numbers, professionalization, and the emergence of specialized disc golf equipment and apparel. Challenges faced include limited course infrastructure, awareness issues, competition from established sports, and sustainability concerns. Nevertheless, the sport is overcoming these obstacles through an expanding online presence and a vibrant global community, ensuring its continual expansion.
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The accessibility and inclusivity of disc golf stand out as primary drivers for
the market's growth. In contrast to traditional golf, which can be expensive
and exclusive, disc golf welcomes individuals of all ages, skill levels, and
backgrounds. Typically situated in public parks, disc golf courses are easily
accessible, with lower entry costs compared to traditional golf. This inclusive
nature has attracted a diverse player base, spanning families, children,
seniors, and individuals with varying physical abilities.
Furthermore,
the environmentally friendly aspect of disc golf contributes to its popularity.
Disc golf courses are designed to minimize disruption to natural habitats,
using less land and resources than traditional golf courses. The reusable discs
have minimal environmental impact, aligning with the values of eco-conscious
individuals and communities, driving further interest in the sport.
Organized
events and tournaments within the disc golf community play a significant role
in market growth. These events, whether local, regional, or international,
foster a sense of community and competition, drawing both amateur and
professional players. The Professional Disc Golf Association (PDGA) sanctions
events globally, including the prestigious PDGA World Championships, attracting
top players worldwide. This structured competitive landscape encourages players
to pursue excellence and professionalism in disc golf.
Concurrently,
the disc golf equipment and accessories market has seen remarkable growth.
Leading manufacturers like Innova, Discraft, and Dynamic Discs offer a variety
of discs tailored to different throwing styles, distances, and conditions.
Innovations in disc design further stimulate interest in the sport, attracting
enthusiasts seeking high-quality equipment. The market extends to accessories,
from bags and apparel to footwear and course maintenance equipment, providing
business opportunities.
Challenges
persist, such as limited course infrastructure in certain areas and a lack of
awareness and recognition. Overcoming these challenges requires expanding
course networks and increasing public awareness through collaboration between
the disc golf community and industry stakeholders. The competition with
established sports also poses a challenge, necessitating strategic marketing to
emphasize disc golf's unique qualities and community spirit.
The disc golf market's professional segment is emerging as a rapidly growing category, marked by the rise of competitive disc golf, increasing professional players, and structured tournaments. The sport has evolved from a casual pastime to a formalized and competitive arena, with the growth of professional associations, governing bodies, and major championships. This evolution drives the development of high-performance equipment, sponsorships, media coverage, and corporate support, signaling disc golf's shift towards mainstream recognition in the competitive sports landscape.
Major
companies operating in Global Disc Golf Market are:
- Dynamic
Discs
- Disc
Golf Association, Inc.
- Daredevil
Discs
- Innova
Disc Golf
- Prodiscus
- Discraft
Inc.
- Aerobie
- Axiom
Discs
- Fourth
Circle Discs
- MVP
Disc Sports
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"The
disc golf industry is witnessing rapid growth within the sports and recreation
sector. By blending traditional golf elements with frisbee, disc golf has
gained popularity for its accessibility and environmentally friendly
characteristics. The market has experienced significant expansion, fueled by an
increase in participants, professionalization, and the emergence of specialized
equipment and apparel. Noteworthy challenges include limited course
infrastructure, awareness issues, competition from established sports, and
sustainability concerns. However, an expanding online presence and a thriving
global community are effectively addressing these challenges, positioning the
sport for ongoing expansion and success in the coming years," stated Mr.
Karan Chechi, Research Director at TechSci Research, a research-based
management consulting firm.
The
report titled "Disc Golf Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Product Type (Distance Drivers, Fairway
Drivers, Midrange Drivers, Others), By Application (Professional, Amateur,
Beginner), By Distribution Channel (Online, Offline), By Region, By
Competition, 2018-2028,"
has assessed the future growth potential of the Global Disc Golf Market. It
provides statistics and information on market size, structure, and anticipated
market growth. The aim of the report is to offer cutting-edge market
intelligence and assist decision-makers in making informed investment
decisions. Additionally, the report identifies and analyzes emerging trends,
along with essential drivers, challenges, and opportunities in the Global Disc
Golf Market.
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