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The global golf equipment market reached a value of US$ 7.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.35 Billion by 2027, exhibiting a CAGR of 4.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Golf equipment refers to the products and items used to play the sport of golf. It includes golf balls, clubs, shoes, bags, gloves, gears, wear, cart, towels, putters, wedges, ball markers, club head cover, and other devices. Playing golf is considered a good exercise, which, in turn, assists in improving sleep patterns, reducing anxiety, depression, blood pressure and boosting creative thinking. Whereas golf equipment aids in enhancing performance, improving consistency, and providing golf swing, comfort, protection, and grip.
The growing popularity of golf across the globe is creating a positive outlook for the market. With the rising health consciousness among the masses, golf is widely adopted as a physical activity as it assists in weight loss and improves heart health and concentration. In line with this, a surge in golf courses, increasing popularity of golf tournaments in various countries, and rising participation rates, especially amongst the millennials, is favoring the market growth. Moreover, various product innovations, such as the introduction of smart sensors and smart grips, are providing an impetus to the market growth. They are widely used to automatically record and analyze every shot and detect pressure levels. Additionally, top players are focusing on innovations and new product developments, such as golf putters and drivers made from recyclable materials, which is providing them with a competitive edge in the market. They are also considerably investing in marketing and promotional activities, which is helping them in broadening their geographical presence and customer base. Apart from this, extensive fundings by governments of various nations to improve golf infrastructure, rising expenditure capacities of consumers, and easy product availability across e-commerce websites are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global golf equipment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and distribution channel.
Breakup by Type:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles 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.
|Base Year of the Analysis||2021|
|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|
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|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)|
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