Golf Equipment Market Size, Share, Trends, Growth and Forecast 2032

Golf Equipment Market Insights

Zion Market Research has published a report on the global Golf Equipment Market, estimating its value at USD 7.59 Billion in 2023, with projections indicating that it will reach USD 11.37 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.6% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Golf Equipment industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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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.

Global Golf Equipment Market: Segmentation

The global golf equipment market can be segmented based on product type, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

In terms of product type, the market includes golf clubs (drivers, woods, irons, wedges, putters, hybrids), golf balls (two-piece, three-piece, multi-layered), golf apparel and footwear, and various accessories such as bags, tees, and markers.

The distribution channels consist of online platforms (e-commerce and brand websites) and offline channels (specialty stores, pro shops, and hypermarkets).

The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Golf Equipment Market: Report Scope

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: 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.

This report segments the Global Liquid Smoke Market as follows:

• Product Type:
  • Golf Clubs: Drivers, woods, irons, wedges, putters, and hybrid clubs.
  • Golf Balls: Two-piece balls, three-piece balls, and multi-layered balls.
  • Golf Apparel & Footwear: Specialized clothing, shoes, and accessories like gloves, hats, and visors.
  • Golf Bags & Accessories: Golf bags, tees, ball markers, golf towels, and umbrellas.
• Distribution Channel:
  • Online: E-commerce platforms and official websites of brands.
  • Offline: Specialty stores, sports stores, pro shops, and hypermarkets.

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