Global Golf Club Market

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

Report ID: SQMIG25P2018 | Region: Global | Published Date: April, 2024
Pages: 270 | Tables: 64 | Figures: 75

Golf Club Market News

  • In January 2023, Titleist announced the TSR2 and TSR3 hybrids. Pre-sale starts in early February, with full retail availability in February last.
  • In August 2022, the second part of The Golf Club at The Equinox's four-phase full course restoration has been finished, according to the club. The improvements, spearheaded by Rees Jones Design, include redesigned greenside bunkers at holes 8, 13, and 14, as well as the complex surrounding the 18th hole's green.
  • In August 2022, the South Carolina Golf Course Owners Association has awarded Tidewater Golf Club, one of Myrtle Beach's most renowned designs, South Carolina's Golf Course of the Year.
  • In February 2022, Callaway Golf  launched their Rogue legacy with the new Rogue ST line.
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FAQs

Golf Club Market size was valued at USD 8.5 billion in 2022 and is poised to grow from USD 8.9 billion in 2023 to USD 12.9 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

The existence of several international players defines the global market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our Golf Club market reports, some of the leading quality Golf Club manufacturers are as follows: TaylorMade Golf Company, Inc. (US), Callaway Golf Company (US), The Acushnet Holdings Company (US), Mizuno USA, Inc (US), Rock Bottom Golf (US), Cleveland Golf Company, Inc. (US), Bridgestone Sports Ltd (Japan), Cobra Golf (US), Henry Griffitts (US), Bettinardi Golf (US). 'Callaway Golf Company', 'TaylorMade Golf Company, Inc.', 'Acushnet Holdings Corp. (Titleist)', 'Bridgestone Golf', 'PING Golf', 'Honma Golf', 'Cleveland Golf', 'Srixon Golf', 'Mizuno Golf', 'Wilson Sporting Goods', 'Cobra Golf', 'Adams Golf', 'Nike Golf', 'Odyssey Golf', 'Scotty Cameron', 'Bettinardi Golf', 'PXG (Parsons Xtreme Golf)', 'Lynx Golf', 'Volvik', 'Tour Edge Golf'

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.

Golf clubs have significantly changed over time and with technology. Currently, golf club makers are concentrating on making lightweight, technologically advanced clubs. Smart sensors are used to improve swings and accuracy and to connect the golf club to a smartphone app.

In 2021, North America held a 45% share of the global golf club market. In contrast to private facilities and clubs, 77.0% of golf facilities in North America are accessible to fee-paying golfers on a per-round basis, according to the R&A. As a result, more people will play, increasing the demand for clubs and other golf equipment in the area. The National Golf Foundation estimates that 33.5 million Americans aged 6 and older played golf both on and off the course in 2018.

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Global Golf Club Market

Report ID: SQMIG25P2018

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