Golf Equipment Market - Global Industry Analysis

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: 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:

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

• Chapter 1.Preface
  • 1.1.Report Description
  • 1.1.Report Scope
• Chapter 2.Research Methodology
  • 2.1.Research Methodology
  • 2.2.Secondary Research
  • 2.3.Primary Research
  • 2.4.Models
    • 2.4.1.Company Share Analysis Model
    • 2.4.2.Revenue Based Modelling
  • 2.5.Research Limitations
• Chapter 3.Executive Summary
  • 3.1.Global Gulf Equipment Market, 2016 – 2026 (USD Million)
  • 3.2.Global Gulf Equipment Market: Snapshot
• Chapter 4.Gulf Equipment Market – Industry Analysis
  • 4.1.Introduction
  • 4.2.Market Drivers
    • 4.2.1.Driving Factor 1 Analysis
    • 4.2.2.Driving Factor 2 Analysis:
  • 4.3.Market Restraints
    • 4.3.1.Restraining Factor Analysis
  • 4.4.Market Opportunities
    • 4.4.1.Market Opportunity & Use-case Analysis
    • 4.4.2.Use – Cases for Gulf Equipment
  • 4.5.Porter’s Five Forces Analysis
  • 4.6.COVID 19 Impact Analysis
    • 4.6.1.1.Impact on Product Development and Technology Adoption
    • 4.6.1.2.Gap Analysis

• Chapter 5.Investment Proposition Analysis
  • 5.1.Global Gulf Equipment Market Attractiveness, By Type
  • 5.2.Global Gulf Equipment Market Attractiveness, By Region
• Chapter 6.Competitive Landscape
  • 6.1.Company Market Share Analysis - 2019
    • 6.1.1.Global Gulf Equipment Market: Company Market Share, 2019
  • 6.2.Strategic Developments
  • 7.1.Global Gulf Equipment Market Overview: By Type
    • 7.1.1.Global Gulf Equipment Market Revenue Share, By Type, 2019 & 2026
  • 7.2.Global Gulf Equipment Market Analysis/Overview – By Type
    • 7.2.1.Gulf Balls – Overview/Analysis
    • 7.2.2.Gulf Clubs – Overview/Analysis
    • 7.2.3.Gulf Shoes – Overview/Analysis
  • 7.3.Gulf Balls
    • 7.3.1.Global Gulf Equipment Market for Gulf Balls, Revenue (USD Million) 2016 - 2026
  • 7.4.Gulf Clubs
    • 7.4.1.Global Gulf Equipment Market for Gulf Clubs, Revenue (USD Million) 2016 - 2026
  • 7.5.Gulf Shoes
    • 7.5.1.Global Gulf Equipment Market for Gulf Shoes, Revenue (USD Million) 2016 - 2026
• Chapter 8.Gulf Equipment Market – Regional Analysis
  • 8.1.Global Gulf Equipment Market: Regional Overview
    • 8.1.1.Global Gulf Equipment Market Revenue Share, by Region, 2019 & 2026
    • 8.1.2.Global Gulf Equipment Market Revenue, by Region, 2016 – 2026 (USD Million)
  • 8.2.North America
    • 8.2.1.North America Gulf Equipment Market Revenue, 2016 - 2026 (USD Million)
    • 8.2.2.North America Gulf Equipment Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 8.2.3.North America Gulf Equipment Market Revenue, By Type, 2016 – 2026
    • 8.2.4. U.S.
    • 8.2.5.Canada
  • 8.3.Europe
    • 8.3.1.Europe Gulf Equipment Market Revenue, 2016 - 2026 (USD Million)
    • 8.3.2.Europe Gulf Equipment Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 8.3.3.Europe Gulf Equipment Market Revenue, By Type, 2016 – 2026
    • 8.3.4.Germany
    • 8.3.5.France
    • 8.3.6. U.K.
    • 8.3.7.Italy
    • 8.3.8.Rest of Europe
  • 8.4.Asia Pacific
    • 8.4.1.Asia Pacific Gulf Equipment Market Revenue, 2016 - 2026 (USD Million)
    • 8.4.2.Asia Pacific Gulf Equipment Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 8.4.3.Asia Pacific Gulf Equipment Market Revenue, By Type, 2016 – 2026
    • 8.4.4.China
    • 8.4.5.Japan
    • 8.4.6.India
    • 8.4.7.South Korea
    • 8.4.8.Rest of Asia Pacific
  • 8.5.Latin America
    • 8.5.1.Latin America Gulf Equipment Market Revenue, 2016 - 2026 (USD Million)
    • 8.5.2.Latin America Gulf Equipment Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 8.5.3.Latin America Gulf Equipment Market Revenue, By Type, 2016 – 2026
    • 8.5.4.Brazil
    • 8.5.5.Mexico
    • 8.5.6.Rest of Latin America
  • 8.6.The Middle-East and Africa
    • 8.6.1.The Middle-East and Africa Gulf Equipment Market Revenue, 2016 - 2026 (USD Million)
    • 8.6.2.The Middle-East and Africa Gulf Equipment Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 8.6.3.The Middle-East and Africa Gulf Equipment Market Revenue, By Type, 2016 – 2026
    • 8.6.4.GCC Countries
    • 8.6.5.South Africa
    • 8.6.6.Rest of Middle-East Africa
• Chapter 9.Company Profiles
  • 9.1.Callaway Gulf Company
    • 9.1.1.Company Overview
    • 9.1.2.Financial Overview
    • 9.1.3.Product Portfolio
    • 9.1.4.Business Strategy
    • 9.1.5.Recent Developments
  • 9.2.Bridgestone Gulf
  • 9.3.Cleveland Gulf
  • 9.4.TaylorMade
  • 9.5.Nike Gulf
  • 9.6.Dixon Gulf
  • 9.7.Dunlop Sports Co. Ltd.
  • 9.8.Turner Sports Interactive Inc.
  • 9.9.American Gulf

List of Figures 

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Golf Equipment Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Golf Equipment Market
FIG. 6 Global Golf Equipment Market Attractiveness, By Type
FIG. 7 Global Golf Equipment Market Attractiveness, By End-User
FIG. 8 Company Share Analysis, 2019
FIG. 9 Global Golf Equipment Market Revenue Share, By Type, 2019 & 2026
FIG. 10 Global Golf Equipment Market for Golf Balls, Revenue (USD Million) 2016 - 2026
FIG. 11 Global Golf Equipment Market for Golf Clubs, Revenue (USD Million) 2016 - 2026
FIG. 12 Global Golf Equipment Market for Golf Shoes, Revenue (USD Million) 2016 - 2026
FIG. 13 Global Golf Equipment Market Revenue Share, by Region, 2019 & 2026
FIG. 14 North America Golf Equipment Market Revenue, 2016 - 2026 (USD Million)
FIG. 15 Europe Golf Equipment Market Revenue, 2016 - 2026 (USD Million)
FIG. 16 Asia Pacific Golf Equipment Market Revenue, 2016 - 2026 (USD Million)
FIG. 17 Latin America Golf Equipment Market Revenue, 2016 - 2026 (USD Million)
FIG. 18 The Middle-East and Africa Golf Equipment Market Revenue, 2016 - 2026 (USD Million)
FIG. 19 Callaway Golf Company Business Segment Revenue Share, 2018 (%)
FIG. 20 Callaway Golf Company Geographical Segment Revenue Share, 2018 (%)

List of Tables

TABLE 1 Global Golf Equipment Market: Snapshot
TABLE 2 Drivers of the Golf Equipment Market: Impact Analysis
TABLE 3 Restraints for the Golf Equipment Market: Impact Analysis
TABLE 4 Global Golf Equipment Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Golf Equipment Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Golf Equipment Market Revenue, By Type, 2016 – 2026 (USD Million)
TABLE 7 Europe Golf Equipment Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 8 Europe Golf Equipment Market Revenue, By Type, 2016 – 2026 (USD Million)
TABLE 9 Asia Pacific Golf Equipment Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 10 Asia Pacific Golf Equipment Market Revenue, By Type, 2016 – 2026 (USD Million)
TABLE 11 Latin America Golf Equipment Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 12 Latin America Golf Equipment Market Revenue, By Type, 2016 – 2026 (USD Million)
TABLE 13 The Middle-East and Africa Golf Equipment Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 14 The Middle-East and Africa Golf Equipment Market Revenue, By Type, 2016 – 2026 (USD Million)