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 Insights

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).

Golf is a leisure activity; hence wealthy consumers are frequently connected with the game. Golf simulators are being offered by manufacturers using this impression as a selling point. The emergence of technology and quick changes in the golf industry further reinforce this. In many nations throughout the world, playing golf indoors using a golf simulator is becoming increasingly popular.

The market is primarily driven by the increasing acceptance of golf as an energetic activity and its rising popularity. Golf is one of the sports that upscale resorts and hotels are including into their hospitality offerings. The development of miniature golf courses to draw in more players and promote it as a fun, healthy pastime is a factor in the increased demand for golf clubs. The National Golf Foundation (NGF) reported that there were around 2.5 million new golfers in 2019, an increase of nearly 14.0%. Breaking the previous record of 2.4 million in 2019, when Tiger Woods was at the height of his career, this number was a record-high. The number of golf aficionados has been steadily increasing, and among them are those for whom golf is either their favourite sport or one of their numerous leisure activities.

US Golf Club Market is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Golf Club Market

Product ID: SQMIG25P2018

$5,300
BUY NOW GET FREE SAMPLE