Professional Golf Global Market Report 2025

The professional golf market size has grown strongly in recent years. It will grow from $5.14 billion in 2024 to $5.43 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to rising popularity of professional tournaments, increasing participation of players worldwide, expanding sponsorship and endorsement deals, growing influence of celebrity golfers, and the increasing globalization of professional golf tours.

The professional golf market size is expected to see strong growth in the next few years. It will grow to $6.69 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to rising golf participation rates, an increase in professional tournaments and sponsorship deals, growing technological advancements in golf equipment, higher adoption of smart golf technologies, and increasing youth interest and professional career opportunities in golf. Key trends in the forecast period include advancements in golf simulation technology, sensor-based performance tracking, innovation in eco-friendly golf equipment, development of automated tournament management systems, and integration of virtual reality for fan experiences.

Increasing recreational activities are expected to drive growth in the professional golf market going forward. Recreational activities refer to leisure pursuits or hobbies that individuals engage in during their free time for enjoyment, relaxation, and personal well-being, including sports, outdoor adventures, arts, games, and other forms of entertainment that promote physical, mental, and social health. These activities are rising due to growing awareness of physical and mental well-being, encouraging more people to participate in leisure and fitness pursuits that promote a healthier lifestyle. Professional golf supports recreational activities by inspiring public interest in the sport and motivating people to engage in golfing and other leisure pursuits that enhance physical fitness and social engagement. For instance, in November 2024, according to a report published by the Outdoor Recreation Roundtable (ORR), a US-based coalition of outdoor recreation trade associations, outdoor recreation contributed $1.2 trillion to the US economy in 2023, representing 2.3% of GDP, employing 3.1% of the nation’s workforce, and supporting 5 million jobs. Therefore, rising recreational activities are driving the professional golf market.

Key companies operating in the professional golf market are focusing on developing advanced products such as ultra-thin cast urethane covers to enhance ball control, spin performance, durability, and overall distance consistency for professional players. Ultra-thin cast urethane cover refers to a highly durable and flexible outer layer used in premium golf balls to provide enhanced spin control, a soft feel, increased durability, and better performance in short-game shots while maintaining distance on long drives. For instance, in September 2025, Tour Edge Golf Manufacturing, Inc., a US-based sports equipment manufacturing company, launched a new golf ball featuring advanced technology designed to enhance distance, control, and overall performance. The launch aims to deliver tour-level quality at an accessible price point, appealing to both professional and amateur golfers. The ball is engineered to optimize aerodynamics and spin control with innovations in core design, dimple pattern, and cover material.

In July 2025, Pro Shop, Inc., a US-based media production company, acquired GolfWRX Holdings, LLC, for an undisclosed amount. Through this acquisition, Pro Shop, Inc. aims to strengthen its presence in the golf industry by leveraging the expertise and digital platform of GolfWRX Holdings, LLC to enhance product offerings, expand online community engagement, and drive growth in the professional golf market. GolfWRX Holdings, LLC, is a US-based media and internet company providing services for professional golf.

Major players in the professional golf market are Topgolf Callaway Brands Corp., TAYLOR MADE GOLF COMPANY INC., Acushnet Company, Ping Identity Holding Corp., Mizuno Corporation, Srixon Ltd., Bridgestone Golf Inc., Wilson Sporting Goods Co., Parsons Xtreme Golf LLC, Cobra Golf Inc., Roger Cleveland Golf Company Inc., Odyssey Sports Inc., Scotty Cameron, Honma Golf Limited, William Ben Hogan, Acushnet Holdings Corp, GOLFTEC Enterprises LLC., Tour Edge Golf Manufacturing, Inc., Bettinardi Golf, Sumitomo Rubber Manufacturing Co. Ltd.

North-America was the largest region in the professional golf market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in professional golf report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the professional golf market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sudden escalation of U.S. tariffs and the consequent trade frictions in spring 2025 are severely impacting the recreation sector, particularly in the supply of imported sports equipment, outdoor gear, and leisure products. Manufacturers and retailers are facing higher costs for items such as bicycles, camping gear, fitness machines, and gaming consoles, much of which are sourced from overseas with limited domestic alternatives. Small businesses operating in the recreational retail space are especially affected, with some reducing inventory or increasing prices to offset margin pressure. Event organizers and recreational facilities are also facing cost hikes for imported equipment and infrastructure materials. In response, the industry is exploring alternative sourcing from tariff-free regions, increasing reliance on local suppliers, and urging policymakers to consider exemptions for non-essential but widely used recreational products.

The professional golf market research report is one of a series of new reports that provides professional golf market statistics, including professional golf industry global market size, regional shares, competitors with the professional golf market share, professional golf market segments, market trends, and opportunities, and any further data you may need to thrive in the professional golf industry. This professional golf market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Professional golf refers to the organized, competitive form of the sport where skilled golfers participate in tournaments and events to earn monetary rewards and rankings. It involves players who derive their livelihood from competition, sponsorships, and endorsements. Professional golf is regulated by various national and international organizations that establish standards for competition and conduct. The sport combines athletic performance, strategy, and precision, attracting global audiences and significant commercial investment.

The key types of professional golf are golf equipment, apparel, accessories, golf courses, and tournaments. Golf equipment is designed to meet performance needs such as power, control, and accuracy, and may differ according to player skill levels. These products are distributed through channels including online stores, specialty stores, sports goods stores, and supermarkets or hypermarkets. They are used in applications such as professional tournaments and recreational play, and cater to various end users, including men, women, and juniors.

The professional golf market consists of sales of multi-layer professional golf balls, stand bags, and cart bags. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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