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Golf Equipment Market

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    Report

  • 114 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724196
The global golf equipment market size is expected to reach USD 11.33 billion by 2030, according to a new study. The report “Golf Equipment Market Share, Size, Trends, Industry Analysis Report, By Product (Golf Club, Golf Balls, Golf Gear, Golf Bags, Golf Footwear, and Apparel); By Distribution Channel; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The establishment of the new golf courses and rising government financing for golf course infrastructure have increased demand for sports equipment. For instance, in June 2022, with the Victorian Government contributing more than USD 400,000 through “Golf Financing Facility” to golf course infrastructure improvements from Leongatha to Barwon Valley, eight regional golf courses in Victoria will receive significant renovations.

Also, in May 2022, LinksDAO, a non-fungible token (NFT) country club, collaborated with Callaway Golf Company to acquire & run an actual golf course. These collaborations are making more investments in the development of golf courses. Golf equipment sales are on the rise as a result of the opening of miniature golf courses to draw in more players and promote the sport as a healthy form of recreation.

Furthermore, the market is also expected to grow as a result of significant financing provided by governments of various countries to upgrade golf infrastructure, expanding consumer spending power, and simple product availability across e-commerce platforms. In May 2022, Stix Golf invested roughly USD 10 million in infrastructure for equipment purchases. Thus, the rising public and private players’ focus on the development of equipment for golf courses is majorly driving the market growth over the forecast period.

Additionally, over the forecast period, there are expected to be significant potential prospects due to the rising participation of women in golf courses. Numerous steps are being taken to increase the number of women playing golf. For instance, “Women’s Golf Day” is a worldwide effort started in 2016 to encourage female golfers to “tee it up” to increase women’s participation in the sport.

Golf Equipment Market Report Highlights

  • The golf club segment is anticipated to grow at the highest CAGR over the forecast period. Due to the rising trend of professionalism, golfers’ shopping habits for golf equipment are changing.
  • The sporting goods retailer segment accounted for a significant global revenue share. People are motivated to buy this equipment from these stores because they can easily compare prices and specifications due to various brands’ availability in one location.
  • Asia Pacific is expected to grow at a high CAGR over the projected period due to the more individuals playing golf in the region. Due to these merchants inside the golf course, sales have increased.
  • The global players include Anta Sports, Bridgestone Group, Dixon Golf, Mizuno Corporation, Puma SE, Roger Cleveland Golf Company, Sumitomo Rubber Industries, Taylormade Company, and Wilson Sporting.

The publisher has segmented the golf equipment market report based on product, distribution channel, and region:

Golf Equipment, Products Outlook (Revenue - USD Billion, 2018 - 2030)

  • Golf Club
  • Golf Balls
  • Golf Gear
  • Golf Bags
  • Golf Footwear
  • Apparel

Golf Equipment, Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)

  • Sporting Goods Retailer
  • On-Course Shops
  • Online
  • Others

Golf Equipment, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Golf Equipment Market

What is the estimated value of the Golf Equipment Market?

The Golf Equipment Market was estimated to be valued at $7.76 billion in 2022.

What is the growth rate of the Golf Equipment Market?

The growth rate of the Golf Equipment Market is 4.8%, with an estimated value of $11.33 billion by 2030.

What is the forecasted size of the Golf Equipment Market?

The Golf Equipment Market is estimated to be worth $11.33 billion by 2030.

Who are the key companies in the Golf Equipment Market?

Key companies in the Golf Equipment Market include Anta Sports Products Limited (Amer Sports), Acushnet Holdings Company Limited, Adidas Group, Bridgestone Group, Callaway Golf Company, Cleveland Golf Corp., Dunlop Sports Co. Ltd., Dixon Golf Inc and Mizuno Corporation.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Golf Equipment Market Insights
4.1. Golf Equipment Market - Industry Snapshot
4.2. Golf Equipment Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growth of middle-class population
4.2.1.2. Increase in popularity of online shopping
4.2.2. Restraints and Challenges
4.2.2.1. Busy work schedule
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Golf Equipment Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Golf Equipment Market, by Product
5.1. Key Findings
5.2. Introduction
5.2.1. Global Golf Equipment, by Product, 2018 - 2030 (USD Billion)
5.3. Golf Club
5.3.1. Global Golf Equipment Market, by Golf Club, by Region, 2018 - 2030 (USD Billion)
5.4. Golf Balls
5.4.1. Global Golf Equipment Market, by Golf Balls, by Region, 2018 - 2030 (USD Billion)
5.5. Golf Gear
5.5.1. Global Golf Equipment Market, by Golf Gear, by Region, 2018 - 2030 (USD Billion)
5.6. Golf Bags
5.6.1. Global Golf Equipment Market, by Golf Bags, by Region, 2018 - 2030 (USD Billion)
5.7. Golf Footwear
5.7.1. Global Golf Equipment Market, by Golf Footwear, by Region, 2018 - 2030 (USD Billion)
5.8. Apparel
5.8.1. Global Golf Equipment Market, by Apparel, by Region, 2018 - 2030 (USD Billion)

6. Global Golf Equipment Market, by Distribution Channel
6.1. Key Findings
6.2. Introduction
6.2.1. Global Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
6.3. Sporting Goods Retailer
6.3.1. Global Golf Equipment Market, by Sporting Goods Retailer, by Region, 2018 - 2030 (USD Billion)
6.4. On-Course Shops
6.4.1. Global Golf Equipment Market, by On-Course Shops, by Region, 2018 - 2030 (USD Billion)
6.5. Online
6.5.1. Global Golf Equipment Market, by Online, by Region, 2018 - 2030 (USD Billion)
6.6. Others
6.6.1. Global Golf Equipment Market, by Others, by Region, 2018 - 2030 (USD Billion)

7. Global Golf Equipment Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Golf Equipment Market Assessment, By Geography, 2018 - 2030 (USD Billion)
7.3. Golf Equipment Market - North America
7.3.1. North America: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.3.2. North America: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.3.3. Golf Equipment Market - U.S.
7.3.3.1. U.S.: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.3.3.2. U.S.: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.3.4. Golf Equipment Market - Canada
7.3.4.1. Canada: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.3.4.2. Canada: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.4. Golf Equipment Market - Europe
7.4.1. Europe: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.4.2. Europe: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.4.3. Golf Equipment Market - UK
7.4.3.1. UK: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.4.3.2. UK: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.4.4. Golf Equipment Market - France
7.4.4.1. France: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.4.4.2. France: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.4.5. Golf Equipment Market - Germany
7.4.5.1. Germany: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.4.5.2. Germany: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.4.6. Golf Equipment Market - Italy
7.4.6.1. Italy: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.4.6.2. Italy: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.4.7. Golf Equipment Market - Spain
7.4.7.1. Spain: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.4.7.2. Spain: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.4.8. Golf Equipment Market - Netherlands
7.4.8.1. Netherlands: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.4.8.2. Netherlands: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.4.9. Golf Equipment Market - Russia
7.4.9.1. Russia: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.4.9.2. Russia: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.5. Golf Equipment Market - Asia Pacific
7.5.1. Asia Pacific: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.5.2. Asia Pacific: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.5.3. Golf Equipment Market - China
7.5.3.1. China: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.5.3.2. China: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.5.4. Golf Equipment Market - India
7.5.4.1. India: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.5.4.2. India: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.5.5. Golf Equipment Market - Malaysia
7.5.5.1. Malaysia: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.5.5.2. Malaysia: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.5.6. Golf Equipment Market - Japan
7.5.6.1. Japan: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.5.6.2. Japan: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.5.7. Golf Equipment Market - Indonesia
7.5.7.1. Indonesia: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.5.7.2. Indonesia: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.5.8. Golf Equipment Market - South Korea
7.5.8.1. South Korea: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.5.8.2. South Korea: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.6. Golf Equipment Market - Middle East & Africa
7.6.1. Middle East & Africa: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.6.2. Middle East & Africa: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.6.3. Golf Equipment Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.6.3.2. Saudi Arabia: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.6.4. Golf Equipment Market - UAE
7.6.4.1. UAE: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.6.4.2. UAE: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.6.5. Golf Equipment Market - Israel
7.6.5.1. Israel: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.6.5.2. Israel: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.6.6. Golf Equipment Market - South Africa
7.6.6.1. South Africa: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.6.6.2. South Africa: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.7. Golf Equipment Market - Latin America
7.7.1. Latin America: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.7.2. Latin America: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.7.3. Golf Equipment Market - Mexico
7.7.3.1. Mexico: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.7.3.2. Mexico: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.7.4. Golf Equipment Market - Brazil
7.7.4.1. Brazil: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.7.4.2. Brazil: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)
7.7.5. Golf Equipment Market - Argentina
7.7.5.1. Argentina: Golf Equipment Market, by Distribution Channel, 2018 - 2030 (USD Billion)
7.7.5.2. Argentina: Golf Equipment Market, by Product, 2018 - 2030 (USD Billion)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. Anta Sports
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Acushnet Holdings
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Adidas Group
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Bridgestone
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Callaway Golf
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Cleveland Golf
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Dunlop Sports
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Dixon Golf
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Golfsmith International
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Mizuno Corporation
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Puma SE
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. PING
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Roger Cleveland Golf
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. SRI Sports
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. Sumitomo Rubber
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development
9.16. Nike Inc
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Recent Development
9.17. Taylormade Golf Company
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Product Benchmarking
9.17.4. Recent Development
9.18. Wilson Sporting
9.18.1. Company Overview
9.18.2. Financial Performance
9.18.3. Product Benchmarking
9.18.4. Recent Development

Companies Mentioned

  • Anta Sports Products Limited (Amer Sports)
  • Acushnet Holdings Company Limited
  • Adidas Group
  • Bridgestone Group
  • Callaway Golf Company
  • Cleveland Golf Corp.
  • Dunlop Sports Co. Ltd.
  • Dixon Golf Inc
  • Golfsmith International Holdings Inc.
  • Mizuno Corporation
  • Puma SE
  • PING Inc.
  • Roger Cleveland Golf Company Inc
  • SRI Sports Limited
  • Sumitomo Rubber Industries
  • Nike Inc.
  • Taylormade Golf Company Inc.
  • Wilson Sporting Goods.