Golf Equipment Market size was over USD 7.92 billion in 2024 and is anticipated to cross USD 14.39 billion by 2037, witnessing more than 4.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of golf equipment is estimated at USD 8.22 billion. The growth of market is impelled by growing sophistication and professionalism, golf is becoming a more and more popular game on a global scale. The perception of golf as a leisure activity that offers both physical exercise and mental relaxation is growing as people become more health-conscious. Many different types of people have taken an interest in it due to its reputation as a low-impact sport appropriate for people of all ages and fitness levels. In all, 26.6 million golfers played on actual golf courses, while an additional 18.4 million played only off-course at facilities like driving ranges, indoor golf simulators, or golf entertainment centers like Topgolf.
In addition, certain governments and organizations have acknowledged the financial and societal advantages of golf and implemented measures to encourage the game, including tax breaks for golf course builders and financial support for golf education. The United States Golf Association installed a GPS tracker on players in order to monitor their movements on the field, according to data from 2022. The sport of golf is predicted to expand in popularity over the medium term, which will accelerate market expansion.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
4.7% |
Base Year Market Size (2024) |
USD 7.92 billion |
Forecast Year Market Size (2037) |
USD 14.39 billion |
Regional Scope |
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Product Type (Golf Club, Golf Balls, Golf Gear, Golf Footwear & Apparel)
Based on product type, golf club segment is attributed to hold largest market share of about 45% during the forecast period. The market for golf equipment has been greatly impacted by the personalization movement. Golfers are demanding equipment that is customized to their individual tastes and swing traits. Golfers can customize their clubs for optimal comfort and performance owing to this customization, which increases the market appeal of golf clubs to a wider variety of players. There are 38,864 golf clubs worldwide, located in 206 of the 251 nations and dependent territories.
Furthermore, golf clubs are always improving in terms of adjustability, materials, and design to satisfy players who want more personalization and performance. Golf clothing emphasizes UV protection and moisture-wicking materials to combine style with usefulness. Conversely, technology devices like GPS golf rangefinders and accessories like golf gloves, bags, and shoes continue to advance in terms of functionality, ease of use, and durability. These continuous improvements being taking place in golf clubs, support market expansion in this segment.
Distribution Channel (Retail, Online, Specialty Stores)
Based on distribution channel, retail segment in the golf equipment market is estimated to hold largest revenue share of about 40% over the projection period. The market has been significantly impacted by the growth of retail & e-commerce. Customers may explore a large selection of golf equipment, compare features and costs, and buy online while lounging in their homes. Sales in the market have surged as a result of internet shopping's accessibility and convenience.
Moreover, people are motivated to buy golf equipment from retail stores because of having multiple brands in one location makes it simple to compare prices and specifications. These retailers typically have a presence inside golf courses, which maximizes their profitability. These shops also provide discounts for joining clubs, which influences customers' decisions to buy.
Our in-depth analysis of the global market includes the following segments:
Product Type |
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Distribution Channel |
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Price |
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End User |
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North American Market Forecast
Golf equipment market in North America region is projected to hold largest revenue share of about 34% in the upcoming years. The growing popularity of athletics throughout the region is driving this market. Golf equipment sales in the area are increasing due to a strict supply chain. Eighty percent of the sales are made up of department and discount stores and sporting goods retailers together.
One of the main drivers of market is the increased usage and availability of internet as well. Approximately 97.1 percent of Americans had internet connection as of 2024, up from approximately 75 percent in 2012.
APAC Market Statistics
Golf equipment market in Asia Pacific region is predicted to hold second largest revenue share of about 27% in the foreseen period. The main factor driving the growth is rising consumer spending. Asia Pacific has a robust development opportunity for the market due to the increasing number of golfers and rising middle-class disposable income.
Growing numbers of golf tournaments and players are the main factors driving the growth in golf equipment sales. The time players spend honing their swings with the necessary equipment—clubs, gloves, and other gear—is a major contributing factor to the large number of professional players in the region.
Author Credits: Parul Atri
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