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In 2023, dominant market players, including Adams Golf Inc., Bettinardi Golf, Bobby Grace Putters, Bridgestone Sports Ltd, Callaway Golf Company. The top companies collectively hold a substantial 30-35% market share. This market is a fragmented market. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their electronic products and incorporate new technologies, allowing them to stay ahead of the competition.
Major players operating in the golf putter industry include:
North America held 46% share of the golf putter industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the increasing interest in golf putter owing to expansion of electrification and urbanization in the region.
The face balanced putters segment held 58% share of the golf putter industry in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their more stable and straight-back, straight-through putting stroke.
Golf putter market size was USD 3 billion in 2023 and is expected to register over 3.9% CAGR from 2024-2032 owing to the global shift towards renewable energy sources, such as solar and wind
Adams Golf Inc., Bettinardi Golf, Bobby Grace Putters, Bridgestone Sports Ltd, Callaway Golf Company, Cleveland Golf Company, Inc., Cobra Golf, Fourteen Golf, Henry Griffitts, Honma Golf Ltd., Mizuno USA, Inc, and Rock Bottom Golf are some of the major golf putter companies worldwide.