Global Golf Equipment Market to Reach US$ 10.9 Billion by 2032, Fueled by Rising Popularity of Golf

June 05, 2023 | Retail

According to the latest report by IMARC Group, titled “­­Golf Equipment Market Report by Type (Golf Clubs, Golf Balls, Golf Bags and Accessories, Golf Apparel and Footwears), Distribution Channel (Specialty Stores, Sporting Goods Chain, On-course Shops, Online Stores, and Others), and Region 2024-2032,” the global golf equipment market size reached US$ 7.9 Billion in 2023. Golf equipment refers to the tools, accessories, and gear individuals use to play golf. It encompasses a wide range of items such as golf clubs, balls, bags, gloves, tees, shoes, rangefinders, GPS devices, umbrellas, towels, ball markers, and divot tools. They are designed to enhance a golfer's performance, improve consistency, and provide convenience, comfort, and protection during gameplay. The right selection and proper use of equipment can significantly impact a golfer's accuracy, distance, control, and overall playing experience. As a result, golfers often customize their equipment based on personal preferences, skill level, and playing style.

Global Golf Equipment Market Trends:

The growing popularity of golf as a recreational activity and a professional sport is resulting in a higher demand for golf clubs, balls, bags, and other accessories, which is primarily driving the market growth. In addition to this, the escalating consumer health consciousness and interest in fitness have led to the widespread adoption of golf as a physical activity to lose weight and improve heart health and concentration, generating a surging demand for golf equipment. Moreover, extensive investments in marketing and promotional activities by leading market players to broaden their geographical presence and customer reach and the rising influence of professional golfers and their endorsements are creating a favorable outlook for the market. Furthermore, consistent advancements and innovations in golf equipment technology, such as advanced materials, club design, and ball technology that help golfers improve their performance, are contributing to the market growth. Concurrent with this, the introduction of golf equipment integrated with smart sensors and smart grips to automatically record and analyze every shot and detect pressure levels is strengthening the market growth. Other factors, such as rapid urbanization, the expanding development of golf courses and facilities, the inflating disposable income of individuals, and easy product availability through numerous online and offline retail channels, are positively impacting the market growth. Looking forward, the market value is projected to reach US$ 10.9 Billion by 2032, expanding at a CAGR of 3.53% during 2024-2032.

Market Summary:

  • On the basis of the type, the market has been segregated into golf clubs, balls, bags and accessories, and apparel and footwear. At present, golf clubs account for the majority of the global share.
  • Based on the distribution channel, the market is categorized into specialty stores, sporting goods chain, on-course shops, online stores, and others. Among these, specialty stores represent the biggest market segment.
  • On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. Currently, North America represents the biggest market for golf equipment.
  • The competitive landscape of the market has also been examined, with some of the key players being Acushnet Holdings Corp. (Fila Holdings Corp.), Adidas AG, Amer Sports (Anta Sports Products Limited), Bridgestone Corporation, Callaway Golf Company, DICK's Sporting Goods Inc., Dixon Golf Inc., Mizuno Corporation, Nike Inc., PING, Puma SE, Sumitomo Rubber Industries Ltd. and TaylorMade Golf Co.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Acushnet Holdings Corp. (Fila Holdings Corp.), Adidas AG, Amer Sports (Anta Sports Products Limited), Bridgestone Corporation, Callaway Golf Company, DICK's Sporting Goods Inc., Dixon Golf Inc., Mizuno Corporation, Nike Inc., PING, Puma SE, Sumitomo Rubber Industries Ltd. and TaylorMade Golf Co.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Golf Equipment Market to Reach US$ 10.9 Billion by 2032, Fueled by Rising Popularity of Golf
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More