Global Golf Club Market

Golf Club Market Size, Share, Growth Analysis, By Type(Wood, Hybrid, Iron, Wedges), By Distribution Channel(Online, Offline Retail), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25P2018 | Region: Global | Published Date: April, 2024
Pages: 270 | Tables: 64 | Figures: 75

Golf Club Market Regional Insights

In 2021, North America held a 45% share of the global golf club market. In contrast to private facilities and clubs, 77.0% of golf facilities in North America are accessible to fee-paying golfers on a per-round basis, according to the R&A. As a result, more people will play, increasing the demand for clubs and other golf equipment in the area. The National Golf Foundation estimates that 33.5 million Americans aged 6 and older played golf both on and off the course in 2018.

Over the forecast period, Asia Pacific is anticipated to experience the fastest CAGR of 3.4%. Golf clubs in Asia Pacific have a lot of space to grow because more people are playing the sport and middle-class households have more disposable income. An increase in the number of golf events and the number of participants is what essentially drives the sales of golf equipment. Despite the fact that men predominate in the sport, more women have started playing golf recently.

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FAQs

Golf Club Market size was valued at USD 8.5 billion in 2019 and is poised to grow from USD 8.9 billion in 2023 to USD 12.9 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

The existence of several international players defines the global market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our Golf Club market reports, some of the leading quality Golf Club manufacturers are as follows: TaylorMade Golf Company, Inc. (US), Callaway Golf Company (US), The Acushnet Holdings Company (US), Mizuno USA, Inc (US), Rock Bottom Golf (US), Cleveland Golf Company, Inc. (US), Bridgestone Sports Ltd (Japan), Cobra Golf (US), Henry Griffitts (US), Bettinardi Golf (US). 'Callaway Golf Company', 'TaylorMade Golf Company, Inc.', 'Acushnet Holdings Corp. (Titleist)', 'Bridgestone Golf', 'PING Golf', 'Honma Golf', 'Cleveland Golf', 'Srixon Golf', 'Mizuno Golf', 'Wilson Sporting Goods', 'Cobra Golf', 'Adams Golf', 'Nike Golf', 'Odyssey Golf', 'Scotty Cameron', 'Bettinardi Golf', 'PXG (Parsons Xtreme Golf)', 'Lynx Golf', 'Volvik', 'Tour Edge Golf'

New golf courses are sprouting up all over the world as a result of golf's rising popularity and growing number of players, which is assisting the golf club market's expansion. Golf is becoming more and more popular as a sport, and there are more golfers playing around the world as a result, according to the growing number of golf courses.

Golf clubs have significantly changed over time and with technology. Currently, golf club makers are concentrating on making lightweight, technologically advanced clubs. Smart sensors are used to improve swings and accuracy and to connect the golf club to a smartphone app.

In 2021, North America held a 45% share of the global golf club market. In contrast to private facilities and clubs, 77.0% of golf facilities in North America are accessible to fee-paying golfers on a per-round basis, according to the R&A. As a result, more people will play, increasing the demand for clubs and other golf equipment in the area. The National Golf Foundation estimates that 33.5 million Americans aged 6 and older played golf both on and off the course in 2018.

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Global Golf Club Market

Product ID: SQMIG25P2018

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