Summary

The global golf equipment market is expected to be valued at US$ 16.9 Bn in 2025 and is projected to reach US$ 25 Bn by 2032, expanding at a CAGR of 5.75% during the forecast period. The market comprises various equipment categories, including golf clubs, balls, apparel, and footwear, which cater to both professional and amateur players. The rising appeal of golf as both a recreational and competitive sport is contributing to increasing demand across developed and emerging economies alike.

Market Growth Drivers:

The growth of the golf equipment market is largely supported by increasing global participation in golf, particularly among younger players and working professionals. Golf’s popularity has surged due to growing investments in public golf courses, corporate tournaments, and televised championships. Additionally, innovations such as smart golf gear with performance tracking, coupled with endorsements from top-tier athletes, are helping to expand consumer interest. The rise of golf tourism, especially in destinations like Southeast Asia and Europe, is further boosting equipment sales across all categories.

Market Restraints:

Despite favorable trends, several barriers hinder market growth. High costs associated with quality golf equipment and club memberships remain a deterrent for price-sensitive consumers. In urban and developing areas, limited access to golf courses also restricts adoption. The seasonal nature of the sport in colder regions and the considerable space requirements for courses pose further challenges. Moreover, environmental concerns regarding land and water usage for golf course maintenance can result in regulatory limitations that indirectly affect the equipment market.

Market Opportunities:

The market presents substantial opportunities with the emergence of personalized and technologically advanced golf products. As consumer preference shifts toward smart and eco-conscious products, brands investing in sustainable materials and customization options stand to gain. Growing penetration of online sales channels and e-commerce platforms is making premium golf gear more accessible to a broader consumer base. Additionally, expanding participation in golf across Asia Pacific and Latin America, supported by infrastructure development and government initiatives, opens up new avenues for growth.

Regional Outlook:

North America continues to dominate the golf equipment market due to its mature golf culture, high number of active players, and extensive golf course infrastructure. Europe holds a significant market share, driven by countries like the UK, Germany, and Sweden. Meanwhile, Asia Pacific is poised for the fastest growth, supported by increasing interest in the sport in countries such as China, Japan, South Korea, and India, along with expanding golf tourism and middle-class spending. Latin America and the Middle East & Africa are gradually emerging as potential markets with increasing awareness and investment in golf-related infrastructure.

Leading Companies:

Major players such as Acushnet Holdings Corp., Callaway Golf Company, and TaylorMade Golf Company, Inc. lead the global golf equipment market with strong brand recognition, innovative product lines, and high-profile sponsorships. Companies like Bridgestone Sports Co Ltd, MIZUNO Corporation, Sumitomo Rubber Industries, Ltd, and Amer Sports Corporation are leveraging technology and design to meet the demands of both amateurs and professionals. Emerging brands such as Bettinardi Golf, Cure Putters, and Miura Golf Inc. are building niche reputations through craftsmanship and customization. Many of these companies are also expanding into new regions and investing in digital retail strategies to broaden their market reach.

Companies Covered in This Report:

• Acushnet Holdings Corp.

• Callaway Golf Company

• Sumitomo Rubber Industries, Ltd

• MIZUNO Corporation

• Bridgestone Sports Co Ltd

• Amer Sports Corporation

• TaylorMade Golf Company, Inc

• Louisville Golf

• Adidas AG

• Puma SE

• Nike, Inc

• Bettinardi Golf

• Cure Putters

• Miura Golf Inc.

• Yamaha Golf


Market Segmentation:

By Product Type:

• Golf Club

• Golf Ball

• Golf Apparel

• Golf Footwear

By End Use:

• Amateur

• Professionals

By Distribution Channel:

• Direct

• Indirect

By Region:

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

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Table of Contents

1. Executive Summary
1.1. Global Golf Equipment Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2025
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Golf Equipment Market Outlook, 2019-2032
3.1. Global Golf Equipment Market Outlook, by Product Type, Value (US$ Bn), 2019-2032
3.1.1. Key Highlights
3.1.1.1. Golf Club
3.1.1.1.1. Driver
3.1.1.1.2. Irons
3.1.1.1.3. Putters
3.1.1.2. Wedges
3.1.1.3. Hybrids
3.1.1.4. Golf Ball
3.1.1.5. Accessories
3.1.1.6. Bag
3.1.1.7. Hat
3.1.1.7.1. Gloves
3.1.1.7.2. Others
3.1.1.8. Golf Apparel
3.1.1.9. Golf Footwear
3.2. Global Golf Equipment Market Outlook, by End User, Value (US$ Bn), 2019-2032
3.2.1. Key Highlights
3.2.1.1. Amateur
3.2.1.2. Professionals
3.3. Global Golf Equipment Market Outlook, by Sales Channel, Value (US$ Bn), 2019-2032
3.3.1. Key Highlights
3.3.1.1. Direct
3.3.1.2. Indirect
3.3.1.2.1. Modern Trade
3.3.1.2.2. Exclusive Stores
3.3.1.3. Specialty Stores
3.3.1.4. Sports Chain Outlets
3.3.1.5. Online Retailers
3.4. Global Golf Equipment Market Outlook, by Region, Value (US$ Bn), 2019-2032
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Golf Equipment Market Outlook, 2019-2032
4.1. North America Golf Equipment Market Outlook, by Product Product Type, Value (US$ Bn), 2019-2032
4.1.1. Key Highlights
4.1.1.1. Golf Club
4.1.1.1.1. Driver
4.1.1.1.2. Irons
4.1.1.1.3. Putters
4.1.1.2. Wedges
4.1.1.3. Hybrids
4.1.1.4. Golf Ball
4.1.1.5. Accessories
4.1.1.6. Bag
4.1.1.7. Hat
4.1.1.7.1. Gloves
4.1.1.7.2. Others
4.1.1.8. Golf Apparel
4.1.1.9. Golf Footwear
4.2. North America Golf Equipment Market Outlook, by End User, Value (US$ Bn), 2019-2032
4.2.1. Key Highlights
4.2.1.1. Amateur
4.2.1.2. Professionals
4.3. North America Golf Equipment Market Outlook, by Sales Channel, Value (US$ Bn), 2019-2032
4.3.1. Key Highlights
4.3.1.1. Direct
4.3.1.2. Indirect
4.3.1.2.1. Modern Trade
4.3.1.2.2. Exclusive Stores
4.3.1.3. Specialty Stores
4.3.1.4. Sports Chain Outlets
4.3.1.5. Online Retailers
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Golf Equipment Market Outlook, by Country, Value (US$ Bn), 2019-2032
4.4.1. Key Highlights
4.4.1.1. U.S. Golf Equipment Market by Product Product Type, Value (US$ Bn), 2019-2032
4.4.1.2. U.S. Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
4.4.1.3. U.S. Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
4.4.1.4. Canada Golf Equipment Market by Product Product Type, Value (US$ Bn), 2019-2032
4.4.1.5. Canada Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
4.4.1.6. Canada Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Golf Equipment Market Outlook, 2019-2032
5.1. Europe Golf Equipment Market Outlook, by Product Product Type, Value (US$ Bn), 2019-2032
5.1.1. Key Highlights
5.1.1.1. Golf Club
5.1.1.1.1. Driver
5.1.1.1.2. Irons
5.1.1.1.3. Putters
5.1.1.2. Wedges
5.1.1.3. Hybrids
5.1.1.4. Golf Ball
5.1.1.5. Accessories
5.1.1.6. Bag
5.1.1.7. Hat
5.1.1.7.1. Gloves
5.1.1.7.2. Others
5.1.1.8. Golf Apparel
5.1.1.9. Golf Footwear
5.2. Europe Golf Equipment Market Outlook, by End User, Value (US$ Bn), 2019-2032
5.2.1. Key Highlights
5.2.1.1. Amateur
5.2.1.2. Professionals
5.2.1.3. Teens
5.3. Europe Golf Equipment Market Outlook, by Sales Channel, Value (US$ Bn), 2019-2032
5.3.1. Key Highlights
5.3.1.1. Direct
5.3.1.2. Indirect
5.3.1.2.1. Modern Trade
5.3.1.2.2. Exclusive Stores
5.3.1.3. Specialty Stores
5.3.1.4. Sports Chain Outlets
5.3.1.5. Online Retailers
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Golf Equipment Market Outlook, by Country, Value (US$ Bn), 2019-2032
5.4.1. Key Highlights
5.4.1.1. Germany Golf Equipment Market by Product Product Type, Value (US$ Bn), 2019-2032
5.4.1.2. Germany Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
5.4.1.3. Germany Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
5.4.1.4. U.K. Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
5.4.1.5. U.K. Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
5.4.1.6. U.K. Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
5.4.1.7. France Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
5.4.1.8. France Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
5.4.1.9. France Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
5.4.1.10. Italy Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
5.4.1.11. Italy Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
5.4.1.12. Italy Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
5.4.1.13. Turkey Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
5.4.1.14. Turkey Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
5.4.1.15. Turkey Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
5.4.1.16. Russia Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
5.4.1.17. Russia Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
5.4.1.18. Russia Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
5.4.1.19. Rest of Europe Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
5.4.1.20. Rest of Europe Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
5.4.1.21. Rest of Europe Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Cassava Starch Market Outlook, 2019-2032
6.1. Asia Pacific Cassava Starch Market Outlook, by Product Type, Value (US$ Bn), 2019-2032
6.1.1. Key Highlights
6.1.1.1. Golf Club
6.1.1.1.1. Driver
6.1.1.1.2. Irons
6.1.1.1.3. Putters
6.1.1.2. Wedges
6.1.1.3. Hybrids
6.1.1.4. Golf Ball
6.1.1.5. Accessories
6.1.1.6. Bag
6.1.1.7. Hat
6.1.1.7.1. Gloves
6.1.1.7.2. Others
6.1.1.8. Golf Apparel
6.1.1.9. Golf Footwear
6.2. Asia Pacific Golf Equipment Market Outlook, by End User, Value (US$ Bn), 2019-2032
6.2.1. Key Highlights
6.2.1.1. Amateur
6.2.1.2. Professionals
6.3. Asia Pacific Golf Equipment Market Outlook, by Sales Channel, Value (US$ Bn), 2019-2032
6.3.1. Key Highlights
6.3.1.1. Direct
6.3.1.2. Indirect
6.3.1.2.1. Modern Trade
6.3.1.2.2. Exclusive Stores
6.3.1.3. Specialty Stores
6.3.1.4. Sports Chain Outlets
6.3.1.5. Online Retailers
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Golf Equipment Market Outlook, by Country, Value (US$ Bn), 2019-2032
6.4.1. Key Highlights
6.4.1.1. China Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
6.4.1.2. China Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
6.4.1.3. China Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
6.4.1.4. Japan Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
6.4.1.5. Japan Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
6.4.1.6. Japan Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
6.4.1.7. South Korea Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
6.4.1.8. South Korea Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
6.4.1.9. South Korea Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
6.4.1.10. India Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
6.4.1.11. India Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
6.4.1.12. India Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
6.4.1.13. Southeast Asia Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
6.4.1.14. Southeast Asia Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
6.4.1.15. Southeast Asia Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
6.4.1.16. Rest of Asia Pacific Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
6.4.1.17. Rest of Asia Pacific Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
6.4.1.18. Rest of Asia Pacific Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Golf Equipment Market Outlook, 2019-2032
7.1. Latin America Golf Equipment Market Outlook, by Product Type, Value (US$ Bn), 2019-2032
7.1.1. Key Highlights
7.1.1.1. Golf Club
7.1.1.1.1. Driver
7.1.1.1.2. Irons
7.1.1.1.3. Putters
7.1.1.2. Wedges
7.1.1.3. Hybrids
7.1.1.4. Golf Ball
7.1.1.5. Accessories
7.1.1.6. Bag
7.1.1.7. Hat
7.1.1.7.1. Gloves
7.1.1.7.2. Others
7.1.1.8. Golf Apparel
7.1.1.9. Golf Footwear
7.2. Latin America Golf Equipment Market Outlook, by End User, Value (US$ Bn), 2019-2032
7.2.1.1. Amateur
7.2.1.2. Professionals
7.3. Latin America Golf Equipment Market Outlook, by Sales Channel, Value (US$ Bn), 2019-2032
7.3.1. Key Highlights
7.3.1.1. Direct
7.3.1.2. Indirect
7.3.1.2.1. Modern Trade
7.3.1.2.2. Exclusive Stores
7.3.1.3. Specialty Stores
7.3.1.4. Sports Chain Outlets
7.3.1.5. Online Retailers
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Golf Equipment Market Outlook, by Country, Value (US$ Bn), 2019-2032
7.4.1. Key Highlights
7.4.1.1. Brazil Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
7.4.1.2. Brazil Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
7.4.1.3. Brazil Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
7.4.1.4. Mexico Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
7.4.1.5. Mexico Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
7.4.1.6. Mexico Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
7.4.1.7. Argentina Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
7.4.1.8. Argentina Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
7.4.1.9. Argentina Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
7.4.1.10. Rest of Latin America Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
7.4.1.11. Rest of Latin America Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
7.4.1.12. Rest of Latin America Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Golf Equipment Market Outlook, 2019-2032
8.1. Middle East & Africa Golf Equipment Market Outlook, by Product Type, Value (US$ Bn), 2019-2032
8.1.1. Key Highlights
8.1.1.1. Golf Club
8.1.1.1.1. Driver
8.1.1.1.2. Irons
8.1.1.1.3. Putters
8.1.1.2. Wedges
8.1.1.3. Hybrids
8.1.1.4. Golf Ball
8.1.1.5. Accessories
8.1.1.6. Bag
8.1.1.7. Hat
8.1.1.7.1. Gloves
8.1.1.7.2. Others
8.1.1.8. Golf Apparel
8.1.1.9. Golf Footwear
8.2. Middle East & Africa Golf Equipment Market Outlook, by End User, Value (US$ Bn), 2019-2032
8.2.1. Key Highlights
8.2.1.1. Amateur
8.2.1.2. Professionals
8.3. Middle East & Africa Golf Equipment Market Outlook, by Sales Channel, Value (US$ Bn), 2019-2032
8.3.1.1. Direct
8.3.1.2. Indirect
8.3.1.2.1. Modern Trade
8.3.1.2.2. Exclusive Stores
8.3.1.3. Specialty Stores
8.3.1.4. Sports Chain Outlets
8.3.1.5. Online Retailers
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Golf Equipment Market Outlook, by Country, Value (US$ Bn), 2019-2032
8.4.1. Key Highlights
8.4.1.1. GCC Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
8.4.1.2. GCC Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
8.4.1.3. GCC Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
8.4.1.4. South Africa Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
8.4.1.5. South Africa Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
8.4.1.6. South Africa Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
8.4.1.7. Egypt Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
8.4.1.8. Egypt Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
8.4.1.9. Egypt Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
8.4.1.10. Nigeria Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
8.4.1.11. Nigeria Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
8.4.1.12. Nigeria Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
8.4.1.13. Rest of Middle East & Africa Golf Equipment Market by Product Type, Value (US$ Bn), 2019-2032
8.4.1.14. Rest of Middle East & Africa Golf Equipment Market by End User, Value (US$ Bn), 2019-2032
8.4.1.15. Rest of Middle East & Africa Golf Equipment Market by Sales Channel, Value (US$ Bn), 2019-2032
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. By Sales Channel vs by End User Heat map
9.2. Manufacturer vs by End User Heatmap
9.3. Company Market Share Analysis, 2024
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Acushnet Holdings Corp.
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Callaway Golf Company
9.5.2.1. Company Overview
9.5.2.2. Product Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. Sumitomo Rubber Industries, Ltd
9.5.3.1. Company Overview
9.5.3.2. Product Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. MIZUNO Corporation
9.5.4.1. Company Overview
9.5.4.2. Product Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. Bridgestone Sports Co Ltd
9.5.5.1. Company Overview
9.5.5.2. Product Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. Amer Sports Corporation
9.5.6.1. Company Overview
9.5.6.2. Product Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. TaylorMade Golf Company, Inc
9.5.7.1. Company Overview
9.5.7.2. Product Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. Louisville Golf
9.5.8.1. Company Overview
9.5.8.2. Product Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
9.5.9. Adidas AG
9.5.9.1. Company Overview
9.5.9.2. Product Portfolio
9.5.9.3. Financial Overview
9.5.9.4. Business Strategies and Development
9.5.10. Puma SE
9.5.10.1. Company Overview
9.5.10.2. Product Portfolio
9.5.10.3. Financial Overview
9.5.10.4. Business Strategies and Development
9.5.11. Nike, Inc
9.5.11.1. Company Overview
9.5.11.2. Product Portfolio
9.5.11.3. Financial Overview
9.5.11.4. Business Strategies and Development
9.5.12. Bettinardi Golf
9.5.12.1. Company Overview
9.5.12.2. Product Portfolio
9.5.12.3. Financial Overview
9.5.12.4. Business Strategies and Development
9.5.13. Bettinardi Golf
9.5.13.1. Company Overview
9.5.13.2. Product Portfolio
9.5.13.3. Financial Overview
9.5.13.4. Business Strategies and Development
9.5.14. Miura Golf Inc
9.5.14.1. Company Overview
9.5.14.2. Product Portfolio
9.5.14.3. Financial Overview
9.5.14.4. Business Strategies and Development
9.5.15. Yamaha Golf
9.5.15.1. Company Overview
9.5.15.2. Product Portfolio
9.5.15.3. Financial Overview
9.5.15.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations