Golf Club Market Size, Share, Growth Analysis, By Type(Wood, Hybrid, Iron, Wedges), By Material(Wood, Steel, Titanium, Aluminum and Other), By Application(Leisure, Professional), By Distribution Channel(Online, Offline Retail), By Region - Industry Forecast 2024-2031

Golf Club Market Driver

• New golf courses are sprouting up all over the world as a result of golf's rising popularity and growing number of players, which is assisting the golf club market's expansion. Golf is becoming more and more popular as a sport, and there are more golfers playing around the world as a result, according to the growing number of golf courses.
• Most millennials still view golf as a very traditional and structured pastime, which does not align with their attitude. As a result, golf is still seen as a very formal and structured sport. In order to maintain the essence of the game, golf must be made once again accessible to all players. The sports entertainment company Topgolf has developed some millennial-friendly upgrades and introduced a platform to draw in a lot more customers by making golf more fun and interesting.
• Young individuals enjoy buying fashionable products, whilst older people are more interested in the technical features of the equipment. For instance, picking the right clubs has always been essential to raising the bar for the game. The majority of professional players place the placement of the centre of gravity and the materials used into consideration while choosing a club. Making the proper material selection is equally important. For instance, the combination of highly heavy tungsten with extremely light carbon fibre enables the development of unique techniques for modifying centre of gravity positions.
• New innovation of Golf clubs will fuel the market growth. For instance many companies are investing in making lightweight golf clubs for the consumer that can help individuals to play excellent strokes with decreasing risk. The advanced adjustable grip can replace conventional grip as consumers are likely to opt for new technology with added benefits.

Golf Club Market Restraint 

• Due to people's busy lifestyles, adoption of other activities, especially indoor sports like chess, badminton, table tennis, and others, hinders the adoption of the golf sport. Additionally, it appears that expensive golf memberships have reduced registrations, which has slowed the expansion of the worldwide golf club market.

• The shortage and fluctuating cost of the raw materials used for the manufacturing of golf clubs is the major restraint for the market. The  materials that create golf clubs - steel for shafts, rubber for grips, resin for golf balls .