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Golf Equipment Market Size

Report ID: GMI7190
Published Date: Oct 2023
Report Format: PDF

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Golf Equipment Market Size

Golf Equipment Market size was valued at USD 7.1 billion in 2023 and is anticipated to register a CAGR of over 4.5% between 2024 and 2032.

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The global popularity of golf as a recreational and competitive sport continues to rise. This increased interest has led to a greater demand for golf equipment, from clubs and balls to apparel and accessories. As more people take up the sport or engage in it more frequently.

Golf Equipment Market Report Attributes
Report Attribute	Details
Base Year:	2023
Golf Equipment Market Size in 2023:	USD 7.1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.5%
2032 Value Projection:	USD 10.6 Billion
Historical Data for:	2018 - 2023
No. of Pages:	180
Tables, Charts & Figures:	276
Segments covered:	Product Type, Distribution, Price
Growth Drivers:	Influence of professional Golfers Growing interest in golfs
Pitfalls & Challenges:	Competition from other leisure activities Regulation of land use

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The Golf competes with a wide range of other leisure activities for people’s time and money. It faces competition from sports, video games, and various recreational options. In addition Zoning regulations and land use policies can impact the construction and expansion of golf courses.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global market size for golf equipment was USD 7.1 billion in 2023 and is estimated to reach USD 10.6 billion by 2032, owing to the global popularity of golf as a recreational and competitive sport.

The middle price range segment share was 48.1% in 2022 and will grow significantly through 2032 as there is a growing demand for equipment that strikes a balance between quality and affordability.

North America market size was worth USD 3.3 billion in 2022 and will showcase impressive growth trends attributed to well-established golf culture and infrastructure with a dense network of golf courses and facilities in the region.

Callaway Golf Company, TaylorMade Golf Company, Acushnet Holdings Corporation (Titleist), Bridgestone Corporation, Mizuno Corporation, Wilson Sporting Goods, PING Inc., SRI Sports Limited (Dunlop, Cleveland, Srixon), Nike, Inc., Yonex Co., Ltd., and Cobra Golf.