Golf Putter Market Analysis

Golf Putter Market Analysis

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Based on product type, the market is divided into face balanced putters and toe balanced putters. Face balanced putters market segment held the largest share in 2023 of about 58% of the total market. This segment is in huge demand due to the Face balanced putters are generally associated with a more stable and straight-back, straight-through putting stroke which is expected to propel the segment market.
 

Furthermore, face balanced putters are often favored by golfers with a straight back, straight through putting stroke. These golfers tend to have minimal arc in their stroke and face balanced putters can complement this motion.
 

Based on design, the golf putter market is categorized into blade putter and mallet putter. Blade putter has the largest market share, which is 60% of the total market. Blade-type putters are usually lighter due to which some golfers find it easier to align a blade putter to the target due to its simple and straightforward design which are expected to propel the segment market. Additionally, blade putters are often praised for providing better feel and feedback, allowing golfers to better sense the impact and distance control.
 

Based on length, the golf putter market is divided into traditional length (32-36 inches), belly putter (41-46 inches) and long putter (48-52 inches). Traditional length (32-36 inches) expected to dominate the segment market with a share of 49% because traditional length putters are the standard and most used putters in the golf market. Many golfers, both amateurs and professionals, prefer traditional-length putters for their familiarity and versatility. These putters are commonly used in various putting styles, including the conventional "pendulum" stroke. Additionally, traditional length putters are known for their versatility. They can accommodate various putting styles, including the conventional pendulum stroke and other techniques preferred by golfers.
 

Based on price range, the market is divided into premium or high, economy, or mid-range. Economy or mid-range are expected to dominate the segment market. Economy or mid-range putters still offer a good balance between quality and cost. They attract golfers who want better performance without investing in premium, high-end options.
 

Based on end user, the golf putter market is divided into professionals and Amateur. Professionals are expected to dominate the segment market because professional golfers spend a significant amount of time practicing their putting strokes to achieve a consistent and reliable technique. Additionally, using the same putter consistently helps them develop muscle memory and a feel for distance and speed.
 

Based on distribution channel, the market is divided into direct sales and indirect sales. Indirect sales are expected to dominate the segment market due to the availability of distributors, agents, and resellers, can significantly extend the market reach of Golf putter products. These channels often have established networks and relationships with a wide range of customers, allowing manufacturers to tap into new and diverse markets.
 

The Golf Putter market witness’s revenue dominance in the forecast period primarily from the North America region, driven by a surging demand for Golf Putter. North America region dominates the market with a total share of 46% in the year 2023. This leading position is attributed to the increasing interest in Golf Putter as expansion of electrification and urbanization have expanded in the region.
 

Forecasts suggest that this region will command a significant share of the global market, propelled by rapid urbanization, global sport expansion, and economic growth. As urbanization gains momentum, a growing number of individuals are migrating to cities, elevating living standards, and presenting lucrative opportunities for the expansion of Golf Putters. The rise in disposable income further contributes to this trend.