Golf Shaft Market - By Material (Steel, Graphite, Multi-Material), By Type (Iron Shafts, Wood Shafts, Hybrid Shafts, Putter Shafts), By Flexibility, By Manufacturing Process, By Club Type & Global Forecast, 2023 – 2032

Golf Shaft Market Size

Golf Shaft Market size was valued at around USD 345.7 million in 2022 and is estimated to register over 3.1% CAGR between 2023 and 2032. The increasing popularity of golf and growing participation rates worldwide drive the demand for golf equipment, including golf shafts.
 

Golfers are increasingly seeking customized and personalized golf shafts that match their swing characteristics and playing style, driving the demand for specialized shaft options. Golfers are always looking to improve their game, and golf shafts play a crucial role in achieving better performance and distance, leading to demand for high-quality shafts. The growth in disposable income levels allows golfers to invest in high-quality golf equipment, including premium golf shafts.
 

Fluctuations in the cost of raw materials, such as carbon fibers, can impact manufacturing costs and profit margins. The golf shaft industry is highly competitive, with numerous manufacturers vying for market share. This intense competition can lead to price wars and pressure on profit margins. The golf shaft business success is closely tied to the overall health of the golf industry. Any downturn in golf participation or interest can impact demand for golf shafts.
 

COVID-19 Impact

The closure of golf courses and pro shops in many regions as part of COVID-19 containment measures resulted in reduced demand for golf equipment, including golf shafts. This led to inventory buildup for manufacturers and retailers.
 

Golf Shaft Market Trends

Golfers increasingly seek customized and personalized golf shafts to match their swing characteristics and playing style. Manufacturers offer a wide range of options in terms of flex, weight, torque, and materials to cater to individual golfer preferences.  Golf shaft manufacturers continue to explore and adopt new materials, such as high-modulus carbon fibers and multi-material designs, to enhance performance, durability, and feel. The trend towards lightweight golf shafts, especially in the graphite shaft segment, is driven by the desire for increased swing speed, distance, and overall playability.
 

Golf Shaft Market Analysis

Based on material, the golf shaft market is segmented as steel, graphite, multi-material, others. Steel held a majority market value of USD 98.2 million in 2022. Steel shafts are known for their stability and consistent performance, providing golfers with a predictable feel and ball flight. Golfers who prefer a more traditional and familiar shaft option often choose steel for its reliable performance.
 

Based on type, the golf shaft market is segmented as iron shafts, wood shafts, hybrid shafts, putter shafts. Iron shafts held a dominant market share of around 40% in 2022. Iron shafts combine the benefits of graphite and steel or other materials to provide a balance of lightweight performance and enhanced stability. Golfers seeking a versatile shaft option may prefer iron designs.
 

Based on flexibility the golf shaft market is segmented as extra stiff, stiff, regular, senior, ladies/flex, others. Extra stiff segment is anticipated to grow at 4.5% CAGR through 2032. Golfers with very high swing speeds often choose extra stiff shafts to control their ball flight and reduce excessive shaft flex.
 

Based on manufacturing process, the golf shaft market is segmented as Steel shafts, Graphite shafts. Prepreg layup is a common process for manufacturing graphite shafts. The demand for this process is driven by the popularity of graphite shafts, which offer lightweight performance and vibration dampening for a soft feel.
 

Based on manufacturing process, the golf shaft market is segmented as drivers, fairway woods, hybrids, irons, wedges, putters. Golfers using drivers seek shafts that can maximize distance and provide a desirable launch angle. Low torque and lightweight graphite shafts are often preferred for increased clubhead speed and ball speed.
 

U.S. dominated the North American region with majority golf shaft market share and a revenue of USD 68.2 million in 2022. The level of golf participation in North America directly affects the demand for golf shafts. Higher golf participation rates result in increased demand for shaft replacements, upgrades, and custom-fit options.
 

Golf Shaft Market Share

Some of the major players operating in the Golf shaft market are

• True Temper Sports
• Mitsubishi Chemical
• Fujikura
• Aldila
• Graphite Design
• Graphite Design
• Project X
• KBS Golf Shafts
• Accra Golf Shafts
• Grafalloy 
   

Golf shaft Industry News:

• In March 2023, the first 3D-printed golf club shaft has been released by Snarr3D.
   
• In August 2021, Mitsubishi Chemical announced the launch of its new MMT Iron shafts, designed to deliver a more responsive feel and increased performance for golfers.
   

Golf shaft market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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By Material

• Steel,
• Graphite
• Multi-Material
• Others

By Type

• Iron Shafts
• Wood Shafts
• Hybrid Shafts
• Putter Shafts

By Flexibility

• Extra Stiff
• Stiff
• Regular
• Senior
• Ladies/Flex
•  Others

By Manufacturing process

• Steel shafts
• Graphite shafts

By Club Type

• Drivers
• Fairway Woods
• Hybrids
• Irons
• Wedges
• Putters

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt