Golf Equipment Market Size, Share, Trends, Growth and Forecast 2026

Golf Equipment Market

Golf Equipment Market - by Type (Golf Balls [Recycled Balls, Markouts/X-Outs, Practice/Range Balls, Advanced Balls], Golf Clubs [Iron, Wood, Putter, Hybrid], Golf Shoes): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-168 Published Date: Oct-2020 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 7,510 Million USD 11,558.9 Million 2.9% 2018

According to the report published by Zion Market Research, global demand for golf equipment market was valued at approximately USD 7,510 Million in 2019, and is expected to generate revenue of around USD 11,558.9 Million by end of 2026, growing at a CAGR of around 2.9% between 2020 and 2026.

Global Golf Equipment Market SizeRequest Free Sample

Global Golf Equipment Market: Overview

Golf equipment comprises various items that are used to play the sport of golf. Different types of equipment include the golf ball, implements designed for striking the golf ball, devices that used to play a stroke and items that in some way enrich the playing experience. Other equipment includes balls, clubs, gloves, shoes, ball markers, tees, club head covers, ball mark repair tools and other aids such as golf bag and golf carts.

Golf balls were made of a hardwood such as a beech, whereas more expensive golf balls were made of leather skin stuffed with down feathers. There are three major types of clubs including woods, irons, and putters. A tee is an object, wooden or plastic, that is pushed into or placed on the ground to rest a ball on top of for an easier shot. The golfer typically transports golf clubs in a golf bag. Modern golf bags are made of nylon, canvas and/or leather, with plastic or metal reinforcement and framing. Golf carts are vehicles used to transport golf bags and golfers along the golf course during a round of golf. Other equipment includes towels, club head covers, ball mark repair tool, other aids such as ball retrievers, rangefinders, stroke counters, positional guides, ball washers, golf training aids.

Report Scope:

Report Attributes Report Details
Report Name Golf Equipment Market Size Report
Market Size in 2019 USD 7,510 Million
Market Forecast in 2026 USD 11,558.9 Million
Growth Rate CAGR of 2.9%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Callaway Golf Company, Bridgestone Golf, Cleveland Golf, and TaylorMade. Other key players include Nike Golf, Dixon Golf, Dunlop Sports Co. Ltd., Turner Sports Interactive Inc., and American Golf among others.
Segments Covered By Type, By Application , By Process, and By Region
Base Year 2019
Historical Year 2017 to 2021
Forecast Year 2020 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Golf Equipment Market: Growth Factors

Key factors fuelling the growth of golf equipment market are the increase in golf tourism, the rise in a number of professional and amateur female golfers, and the development of new golf courses. Moreover, it is an outdoor activity that provides ample opportunities for the consumers to spend their quality time. This, in turn, contributes to the growth of golf equipment market. In addition, the increase in the number of high net worth individuals in the emerging markets and the introduction of customer-friendly online booking portals for the golf court are some of the other factors driving the growth of the global market.

Global Golf Equipment Market: Segmentation

Based on the equipment type, the global golf equipment market is segmented as golf balls, golf clubs, and golf shoes. The golf balls segment is further sub-segmented as recycled balls, markouts or x-outs, practice or range balls, advanced balls. The golf clubs segment is further sub-segmented as iron, wood, putter, and hybrid.

 Global Golf Equipment Market: Regional Analysis

The global golf equipment market has been fragmented into five main regions including Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. North America and Europe dominate the global golf equipment market. Modern lifestyles of the North American population to invest in leisure activities are the prime factor driving the growth of golf equipment market. Moreover, the governments’ initiatives to promote region-based tourism are another factor impacting the growth of the market in a positive way.

Global Golf Equipment Market: Competitive Players

Major players dominating the global golf equipment market are Callaway Golf Company, Bridgestone Golf, Cleveland Golf, and TaylorMade. Other key players include Nike Golf, Dixon Golf, Dunlop Sports Co. Ltd., Turner Sports Interactive Inc., and American Golf among others.

Global Golf Equipment Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Key factors fuelling the growth of golf equipment market are the increase in golf tourism, the rise in a number of professional and amateur female golfers, and the development of new golf courses.

According to Zion Market Research, global demand for golf equipment market is expected to generate revenue of around USD 11,558.9 Million by end of 2026, growing at a CAGR of around 2.9% between 2020 and 2026.

North America and Europe dominate the global golf equipment market. Modern lifestyles of the North American population to invest in leisure activities are the prime factor driving the growth of golf equipment market.

Some main participants of the golf equipment market are Callaway Golf Company, Bridgestone Golf, Cleveland Golf, and TaylorMade. Other key players include Nike Golf, Dixon Golf, Dunlop Sports Co. Ltd., Turner Sports Interactive Inc., and American Golf among others.

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