Golf Ball Market

Market Overview:

The global golf ball market size reached US$ 1.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.6 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032. The increasing participation in golf, growing popularity of golf tournaments, rising disposable income, development of high-performance balls, growing preference for recycled balls, and sponsorships and endorsements by professional players are some of the major factors propelling the market.

A golf ball is a specialized sporting equipment used in the game of golf. It is a small, spherical ball with specific design features that enable it to be struck over long distances with golf clubs. The typical size of a golf ball is 42.67 mm in diameter and it weighs around 45.93 grams. Golf balls are manufactured using various materials, with the most common being a solid core surrounded by a cover. The core of a golf ball is usually made of rubber or synthetic materials and provides the ball's initial velocity and distance. The outer cover is typically made of ionomer, urethane, or Surlyn, which contributes to the ball's durability and feel. Advanced designs may include multiple layers to enhance performance. Golf balls come in various compression ratings, which affect how they react when struck by different swing speeds. They can be categorized into two main types: two-piece and multi-layer balls. The design and materials used in golf balls are subject to regulations set by golf's governing bodies, such as the United States Golf Association (USGA) and the Royal and Ancient Golf Club of St. Andrews (R&A).

The rising popularity of golf as a recreational sport, coupled with the growth of golf tournaments and events worldwide, has led to a surge in demand for golf balls. Additionally, the growth of golf tourism, where travelers visit specific destinations to play golf, has bolstered the demand for golf balls in popular golfing destinations. Other than this, as economies prosper and disposable incomes increase, consumers are more willing to spend on leisure activities like golf, thus driving the demand for golf balls. Besides this, with increasing awareness about environmental concerns, golfers are opting for recycled or refurbished golf balls, contributing to the market growth. In line with this, the preferences of golfers are influenced by professional players' endorsements and brand sponsorships, thus boosting the sales of golf balls associated with prominent golfers. In line with this, the proliferation of e-commerce platforms and online retail channels has made it easier for consumers to access a wide range of golf balls. Furthermore, the development of golf infrastructure and rising interest in the sport, present significant growth opportunities for manufacturers. Moreover, ongoing advancements in technology have led to the development of high-performance balls that offer better distance, accuracy, and spin control, attracting golfers looking to improve their game.

Golf Ball Market Trends/Drivers:

Increasing Participation in Golf

The game's appeal transcends age groups and demographics, attracting both seasoned players and newcomers. The proliferation of golf courses and driving ranges worldwide has made the sport more accessible, further contributing to the increasing participation. Moreover, golf's reputation as a social sport that fosters networking and business connections has attracted corporate professionals to take up the game. As the number of golfers continues to grow, so does the demand for golf balls. Players often require multiple balls during a game due to the risk of losing them on the course, driving the sales of golf balls in the market.

Growing Golf Tourism

Many travelers seek out destinations known for their golf courses, combining their love for the sport with leisure travel. Popular golfing destinations like Scotland, the United States, Spain, and Thailand have witnessed a substantial increase in inbound golf tourists. These tourists frequently purchase golf balls as souvenirs, or they may need extra balls to play during their golfing vacation. The rising trend of golf tourism has boosted golf ball sales in traditional golfing hubs and also contributed to the growth of the market in emerging tourist destinations that are investing in golf infrastructure to attract visitors.

Rising Disposable Income

As consumers' financial capacities increase, they are more willing to spend on leisure and recreational activities like golf. Golf is perceived as an aspirational sport and is often associated with a certain lifestyle. With higher discretionary spending, individuals are more likely to take up golf and are also willing to invest in high-quality golf balls to enhance their game. The willingness to invest in premium and technologically advanced golf balls has encouraged manufacturers to innovate and offer products that cater to the demands of this growing consumer segment.

Golf Ball Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global golf ball market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product and application.

Breakup by Product:

• 2-piece
• 3-piece
• 4-piece
   

4-piece dominates the market

The report has provided a detailed breakup and analysis of the market based on the product. This includes 2-piece, 3-piece, and 4-piece. According to the report, 4-piece represented the largest segment.

A 4-piece ball typically consists of a dual core surrounded by two mantle layers and a soft cover. This construction allows for a combination of distance, control, and spin, making it a preferred choice among golfers seeking optimal performance on the course. Furthermore, advancements in golf ball technology have led to the development of 4-piece balls with improved aerodynamics and reduced drag, resulting in longer distances off the tee. Additionally, the multi-layer design provides enhanced greenside control and spin, making it suitable for skilled players and professionals. While 4-piece golf balls may be relatively higher in price compared to 2-piece or 3-piece balls, however, there are growing number of golfers willing to invest in their game and seek the best possible performance due to the benefits offered by 4-piece balls.

Breakup by Application:

• Leisure
• Professional
   

Professional hold the largest share in the market

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes leisure and professional. According to the report, professional accounted for the largest market share.

Professional golfers, including tour players and competitive athletes, have specific performance requirements and demands when it comes to golf balls. They often opt for premium and high-performance golf balls, which contribute significantly to this segment's prominence in the market. Professional golfers seek golf balls that offer exceptional control, distance, and spin to optimize their game. They rely on golf balls with advanced multi-layer constructions that can provide them with the necessary attributes for various shots, including long drives and precise approaches. Furthermore, professional players often have brand endorsements and sponsorship deals, which may drive their preference for a specific golf ball brand. These endorsements not only influence their choice but also act as a form of advertising to the wider golfing community, encouraging recreational golfers to try the same balls used by their favorite professional players.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others 
• Middle East and Africa
   

North America exhibits a clear dominance in the market

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for golf balls. 

Golf has a long-standing and deeply-rooted cultural significance in the region. The sport has been popular in North America for over a century, with numerous golf courses, clubs, and tournaments spread across the United States and Canada. This rich golfing heritage has fostered a large and dedicated base of golfers who consistently contribute to the demand for golf balls. Additionally, North America boasts a high level of disposable income among its population, which enables golfers to invest in premium and technologically advanced golf balls. As a result, there is a steady demand for higher-priced golf ball models that offer enhanced performance and features. Other than this, the region hosts numerous professional golf tours, including the PGA and LPGA tours, which attract widespread attention and media coverage. As professional golfers endorse specific brands and golf ball models, it influences consumer preferences and prompts aspiring golfers to emulate their idols by purchasing the same equipment. Moreover, the presence of major golf ball manufacturers and retailers in North America contributes to the market size. These companies strategically position themselves to cater to the region's substantial golfing population, ensuring accessibility and availability of golf balls.

Competitive Landscape:

Leading golf ball manufacturers invest heavily in R&D to innovate and develop cutting-edge technologies and materials. These advancements aim to improve the performance, durability, and overall quality of golf balls. By introducing new designs and features, key players attract golfers looking to enhance their game, leading to increased sales and market growth. Key players often secure endorsements from professional golfers, both on major tours and other influential figures within the golfing community. These endorsements create brand visibility and credibility, making consumers more inclined to choose their golf balls. As a result, key players offer customization and personalization options to cater to individual golfer preferences. Golfers can now select specific features like compression, cover material, and color to suit their playing style and personal preferences. This approach fosters brand loyalty and encourages repeat purchases, as golfers develop a deeper connection with their chosen brand. With the increasing environmental awareness, some key players focus on sustainable and eco-friendly manufacturing practices. This includes using recycled materials in golf ball production and promoting recycling programs for used balls. By aligning with eco-conscious consumers, these companies bolster their reputation and attract a segment of environmentally-aware golfers. Embracing the digital age, major golf ball manufacturers have strengthened their online presence, making it easier for consumers to purchase golf balls directly from their websites or through e-commerce platforms. This convenience enhances customer accessibility and enables key players to reach a broader global audience.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Acushnet Company (FILA)
• Bridgestone Golf Inc.
• Dixon Golf
• Dunlop Srixon Sports Asia Sdn Bhd
• Honma Golf Co. Ltd.
• Mizuno Corporation
• OnCore Golf Technology Inc.
• Snell Golf
• TaylorMade Golf Company
• Topgolf Callaway Brands Corp.
• Toppoint Marketing Co. Ltd.
• Volvik USA

Golf Ball Market Report Scope:

Key Questions Answered in This Report:

• How has the global golf ball market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global golf ball market?
• What is the impact of each driver, restraint, and opportunity on the global golf ball market?
• What are the key regional markets?
• Which countries represent the most attractive golf ball market?
• What is the breakup of the market based on the product?
• Which is the most attractive product in the golf ball market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the golf ball market?
• What is the competitive structure of the global golf ball market?
• Who are the key players/companies in the global golf ball market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the golf ball market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global golf ball market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the golf ball industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.