Golf Ball Market Size, Share, Growth Analysis, By Product(2-Piece, 3-Piece, 4-Piece), By Application(Leisure, Professional), By Region - Industry Forecast 2024-2031

Golf Ball Market size was valued at USD 10.65 billion in 2019 and is poised to grow from USD 12.45 billion in 2023 to USD 16.21 billion by 2031, growing at a CAGR of 4.21% in the forecast period (2024-2031).

The growth in the promotion of golf tourism, increased in consumer disposable income and highly rising construction of new golf courses all over the world are the major factors projected to drive the growth of the global golf ball market during the forecast period. Furthermore, continuously growing popularity of golf among professional people have increased the number of golfers playing golf across the globe, and it has led to the rise in the demand for golf balls globally.

For instance, according to the National Golf Foundation, around 25 million people played golf in golf courses in 2019, in the United States. Which is around 8% of United States total population, with a significant increase from 2019. In which, nearly 77% are male, and nearly a bit more than 22% are female golfers. In addition, around 3 million of these are new golfers and playing a golf game for the first time, with a record number of new golfers.

Moreover, technological advancements and continuously rising development coupled with the several new innovations in products are further expected to drive the growth of the global golf ball market over the forecast period. For instance, the innovation of Seamless Cover Technology allows for the creation of non-uniform joint around the ball.

US Golf Ball Market is poised to grow at a sustainable CAGR for the next forecast year.