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Upcoming Allied Market Research
2021
Golf Club Market

Golf Club Market by Type (Woods, Hybrid, Irons, Wedges, and Putter), Material (Wood, Steel, Titanium, Carbon Fiber, and Others), Application (Leisure, Professional, and Others), and Distribution Channel (Specialty Stores, Sporting Goods Chain, On-course Shops, Online Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Jan 2022 | 60 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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A golf club is constructed of wood or metal and has a thin shaft. The head of the golf club is part of every golf facility. Different sorts of golf club heading materials include woods to strike great distance shots; ball hole putters; various types of iron to hit. For high altitude, very precise and short-term utilities, an iron category is frequently employed. The angle of these various types of golf clubs (loft) varies from club to club level. In general, a set of heads of a golf club is a collection of unique heads so that the participants may pick an appropriate leading club. With the advent of the COVID-19 pandemic, the government had enforced lockdown which resulted in the restriction of outdoor movement and all operations in the golf club and course had to put on a halt. Due to lockdown, the demand for golf club had decreased as there was no requirement by the golfers.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

   Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Segments Covered

  Type, Material, Application, Distribution Channel, and Region

  Companies Covered

Acushnet Holdings Corp., Roger Cleveland Golf Company, Inc., Golfsmith International Holdings, Inc., Nike, Inc., Amer Sports Corporation, Bridgestone Sports Ltd, Sumitomo Rubber Industries Ltd., Callaway Golf Company, TaylorMade Golf Company, and Mizuno Corporation.

 

COVID-19 Impact Analysis

  • Due to the outbreak of the COVID-19 pandemic, countries had to enforce lockdown that restricted the consumers to move outdoors. Due to that, the demand for golf club decreased. The golf club market saw a dip in production as sufficient labours were not available to continue the production process. The sales procedure couldn't complete as there was the unavailability of stocks in stores and online retails.
  • Disruption in the distribution channel was a significant reason because the manufacturing sectors were unable to obtain the appropriate raw material. It was not feasible to transport final items to specific retailers. Consumers could not visit the specialist shops, whilst websites were not available online.

Top Impacting Factors

  • The market is anticipated to be affected by the increasing popularity of golf as a sport in various countries. The expanding wealth of the middle-class public and the increasing number of women golfer in the past few years may be linked to an important increase in demand for golf clubs.
  • The increasing popularity and acceptance of golf as active activity drives the industry in large measure. In addition, luxury resorts and hotels provide sports activities in their facilities, one of which is golf. The construction of a mini-golf course to attract and support employers as a healthy leisure activity drives increasing golf club revenues.
  • Specialty shops in the world market of golf equipment offer a range of different brands of golf items to select from; consumers are thus favored to buy golf equipment. However, with attractive discount policies given by the vendors, department & discount stores are projected to develop at a substantial rate. In addition, internet shops became the main distributor of golf equipment.

Market Trends

The construction of new golf courses is expected to fuel the growth of the golf club market.

Over the past several years, the number of golf courses worldwide has increased, particularly in the top golfing countries. In addition to being one of the major nations in the golf business, more than 50 per cent of golf courses are in the United States, Japan, Germany, Canada, South Korea, Sweden, France, and Italy. Mainly private clubs, golf-centric properties and golf resorts belong to these courses. More than 30 000 golf courses are available to the public globally, and over 70% are therefore widely accessible. There are now about 200 golf courses under construction and more than 350 golf courses worldwide. The construction of a new golf course shows that the demand for golf equipment throughout the predicted period has significantly increased.

New product launches to flourish the market.

The manufacturing companies have to invest in R&D to develop golf clubs with new material that makes the club more sturdy and lightweight. The club should be well-suited to enable the golfer to perform excellent strokes and decrease the risk. A new style of the golf club will attract consumers with increasing popularity, may increase sales. The advanced adjustable grip can replace conventional grip as consumers are likely to opt for new technology with added benefits. Progress in technology in golf clubs and balls should offer a new chance for the golf gear business. Technologically improved golf clubs enable golfers to hit the ball smoothly at a considerably wider distance.
   
Key Segments Covered
Type

  • Woods
  • Hybrid
  • Irons
  • Wedges
  • Putter

Material

  • Wood
  • Steel
  • Titanium
  • Carbon Fiber
  • Others

Application

  • Leisure
  • Professional
  • Others

Distribution

  • Specialty Stores
  • Sporting Goods Chain
  • On-course Shops
  • Online Stores
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the golf club industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the golf club market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the golf club market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed golf club market analysis on the basis of competitive intensity and how the competition will take shape in coming years

Questions Answered in the Report

  • Who are the leading market players active in the golf club market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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