Report ID: SQMIG25P2018
Golf Club Market Size, Share, Growth Analysis, By Type(Wood, Hybrid, Iron, Wedges), By Material(Wood, Steel, Titanium, Aluminum and Other), By Application(Leisure, Professional), 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.
Golf Club Market Report Snapshots
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