Study: Asia-Pacific Golf Equipment, Apparels Market Generated $4B Revenue In 2013
The Asia-Pacific golf equipment and apparels market generated revenue worth $4B in '13, according to Ken Research's recent Asia-Pacific golf industry market outlook. The report said that the region has a 19% share in the overall golf facilities in the world, and is expected to increase in the next five years. The rising golf population in China, now at 1 million, contributed to the significant growth. The research also revealed that the Japan golf industry is expected to generate revenue of $14B by '18 (Ken Research).