0
2022
Golf Equipment Market

Golf Equipment Market

by Type (Golf Clubs, Golf Balls, Golf Shoes, 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

Report Code: A04223
Pages: 233
Mar 2022 | 28408 Views
Author(s) : Jaya B , Roshan D
Tables: 117
Charts: 78
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Golf Equipment Market

Request Now !

The global golf equipment market size was valued at $7,041.3 million in 2020, and is projected to reach $10,150.3 million by 2030, registering a CAGR of 3.9% from 2021 to 2030. All products that are used to play golf are termed as golf equipment. These products include golf clubs, golf balls, golf shoes, and others, which collectively enrich the player’s game experience.

The impact of the COVID-19 pandemic on the growth of the global golf equipment market was quite negative. This is attributed to the travel restrictions, trade restrictions, lockdown restrictions, and supply chain disruptions

The global golf equipment industry is driven by increase in golf tourism, owing to considerable setup of golf courses worldwide, growth of the middle-class population, and rise in number of professional and amateur female golfers. However, adoption of other games, including indoor sports, such as chess, badminton, table tennis, and others, owing to the hectic lifestyle of individuals, restricts the adoption of golf equipment. In addition, expensive golf memberships have apparently minimized the registrations, thus impeding the global golf equipment market growth. In addition, surge in online shopping presents a major opportunity for growth of the global market.

According to the golf equipment market analysis, the market is classified on the basis of type, distribution channel, and region. By type, the market is segmented into golf clubs, golf balls, golf shoes, and others. By distribution channel, it is divided into specialty stores, sporting goods chain, on-course shops, online stores, and others. Region-wise, the golf equipment market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

The golf clubs segment in the market generated the maximum revenue during golf equipment market forecast, as it is one of the key products used in this sport, which generates the highest golf equipment market demand.

Golf Equipment Market
By Type

Your browser does not support the canvas element.

Golf shoes segment is expected to grow at highest CAGR of 5.9% during the forecast period

Get more information on this report : Request Sample Pages

Wooden-made clubs have witnessed the highest demand in the market, because they are popular for long shots from the fairway. However, hybrid clubs made from iron and higher-lofted woods are also gaining popularity among consumers, particularly by players who face difficulty for getting the ball airborne with long irons. Golf shoes are expected to grow at the fastest rate in the market, because consumers, particularly golf players, are demanding comfortable and lightweight, yet fashionable shoes for usage on wet, rough, and soft ground. In addition, few manufacturers have developed advanced featured shoes. For instance, FootJoy Pro/SL shoe provides extreme stability with waterproof upper midsole unit to provide underfoot comfort, thereby ensuring comfort to the players.

Specialty stores in the global golf equipment market offer an array of golf products of different brands to choose from; thus, they are preferred by consumers to purchase golf equipment. However, department & discount stores are expected to grow at a significant rate, owing to attractive discount policies offered by the vendors. Moreover, online stores are gaining traction as the major distribution channel for golf equipment. This trend is attributable to the high penetration rate of mobile phones, increase in e-commerce sales, significant awareness of online stores, and availability of easy payment options and attractive discounts and offers offered by these stores. On-course stores are located inside the golf courses; this segment is expected to show considerable progress, as they provide an easy purchase option and quick availability of golf equipment. The revolution in women's golf, owing to rising interest among women towards the sport since over a decade has led to considerable growth of the global golf market. Golf as a sport is witnessing growth in Asia-Pacific. For instance, the women in China are opting to play golf as a leisure activity. Shanshan Feng from China had won bronze in women's golf at the 2016 Olympic Games in Rio de Janeiro. She is the first Chinese golfer who plays on the U.S.-based Ladies Professional Golf Association (LPGA) Tour and a member of this tour. Other Eastern superstars, namely, Yani Tseng and Na Yeon Choi are contributing to growth of the golf industry.

Golf Equipment Market
By Distribution Channel

Your browser does not support the canvas element.

Online stores segment is expected to grow at highest CAGR of 7.1% during the forecast period.

Get more information on this report : Request Sample Pages

The Asia-Pacific golf equipment market is expected to grow at a rapid pace. The adoption of golf as a sport is increasing steadily in China. In 2016, at the Rio Olympics, golfer Feng Shanshan represented the country and won a bronze medal, thus enforcing the government to support this sport. In addition, as per the International Golf Federation, the China Golf Association has more than 500,000 registered members, further driving the Asia-Pacific golf equipment market share.  Some of the key players operating in the golf equipment industry are Acushnet Holdings Corp., Roger Cleveland Golf Company, Inc., Golfsmith International Holdings, Inc., Nike, Inc., Amer Sports Corporation, Bridgestone Sports Ltd, Sumitomo Rubber Industries Ltd. (Japan), Callaway Golf Company, TaylorMade Golf Company, and PING.

Golf Equipment Market
By Regions

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific segment is expected to grow at highest CAGR of 6.0% during the forecast period.

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of current golf equipment market trends, estimations, and dynamics of the global market from 2021 to 2030 to identify the prevailing golf equipment market opportunities.
  • Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry. The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
  • The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.

Golf Equipment Market Report Highlights

Aspects Details
By Type
  • Golf Clubs
  • Golf Balls
  • Golf Shoes
  • Others
By Distribution Channel
  • Specialty Stores
  • Sporting Goods Chain
  • On-course Shops
  • Online Stores
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe   (Germany, France, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
 

Loading Table Of Content...


 
 

According to the insights of CXOs of leading companies, the golf sector has been witnessing decline over the years, owing to reduced interest towards this sport because of its high membership costs. Moreover, high investment required to build a golf course impedes the market growth. However, the adoption of golf equipment in Asia-Pacific has increased over the last four to five years, because the governments of China, Japan, and India have been investing heavily on the infrastructure to encourage the sport in these regions. This has resulted in the positive growth of the market in Asia-Pacific.

The golf equipment market is being driven by an increase in golf tourism as a result of the extensive construction of golf courses around the world, as well as increase in the number of golf courses and the number of professional female golfers. 

The product innovations by the key players, as well as significant capital investments in marketing and promotional activities to reach a broad customer base, have a significant impact on the golf equipment market. In addition, the golf tournaments and leagues are on the rise, particularly among younger generation, which is expected to drive the golf equipment sales during the forecast period. 
 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The global golf equipment market size was valued at $7,041.3 million in 2020, and is projected to reach $10,150.3 million by 2030, registering a CAGR of 3.9% from 2021 to 2030.

A. The forecast period in the golf equipment market report is from 2021 to 2030.

A. The global golf equipment market size was valued at $7,041.3 million in 2020.

A. The base year calculated in the golf equipment market report is 2020.

A. The top companies that hold the market share in golf equipment market are 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, Inc., and PING.

A. The golf clubs segment is the most influencing segment growing in the golf equipment market report.

A. Golf is a high revenue sport that is prompting a surge in the construction of golf courses and clubs. In addition, technical developments in golf clubs are projected to attract more customers, leading in a surge in demand for golf equipment.

A. . U.S. was the highest revenue contributor with $2,953.3 million in 2020, and is estimated to reach $3,813.6 Million by 2030, registering a CAGR of 2.8%.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Golf Equipment Market

Start reading instantly.
This Report and over 19,300+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,712
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Data Pack
  • $4,125
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Five Users
  • $6,929
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Enterprise
    License/PDF

  • $10,663
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers