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The market can be influenced by major golf events, endorsements by professional players, and shifts in consumer preferences which have propelled the market growth. There's an increasing focus on sustainability in golf equipment manufacturing, with companies exploring eco-friendly materials and processes. which is expected to propel the market.
Additionally, some manufacturers integrate technology, such as sensors and data analytics, into their clubs to provide golfers with feedback on their performance. Golfers are increasingly looking for putters with effective alignment aids to improve accuracy. Manufacturers have been experimenting with different alignment technologies, such as contrasting colors, lines, and shapes on the putter head.
Simultaneously, golf putter manufacturers have been incorporating advanced technologies to enhance performance. This includes the use of materials like milled steel, aluminum, and carbon fiber, as well as design features such as adjustable weights and face inserts to optimize feel and control.
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.