Market Overview

The Global Golf Equipment Market was valued at USD 8,547.4 million in 2023 and is expected to reach USD 12,437.2 million by 2031 while growing at a CAGR of 4.8% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global golf equipment market growth. Golf equipment encompasses tools, clubs, balls, and accessories used in the precision ball game of golf. Players utilize different clubs to hit a ball into holes on a course with the aim of achieving accuracy, distance, and control in as few strokes as possible.

Growing interest in golf tourism and ongoing innovations in golf club technology, encompassing materials, designs, and adjustability features, attract golfers and drive the golf equipment market. However, potential hindrances to market expansion include the rapid evolution of golf technology and increased awareness of environmental sustainability.

Furthermore, the global golf equipment industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Golf Equipment Market is segmented among Golf Clubs, Golf Balls, Golf Bags and Accessories, Apparel, and Footwear, based on product type. In 2023, Golf Clubs accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Distribution Channel Analysis

The Global Golf Equipment Market is segmented among Offline Retail Stores, and Online Retail Stores, based on Distribution Channel. In 2023, Offline Retail Stores accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Golf Equipment Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Topgolf Callaway Brands Corp., Sumitomo Rubber Industries Ltd, Nike Inc., Acushnet Holdings Corp., Mizuno Corporation, Taylormade Golf Company Inc., Adidas AG, Bridgestone Corporation, Puma SE, Karsten Manufacturing Corporation (Ping Inc.).

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Golf Equipment Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Golf Equipment Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Golf Equipment Market Segmentation, By Product Type

• Global Golf Equipment Market Share Analysis, By Product Type

• Global Golf Equipment Market Growth Analysis, By Product Type

• Global Golf Equipment Market Trends, By Product Type

o Golf Clubs

o Golf Balls

o Golf Bags and Accessories

o Apparel

o Footwear

6. Global Golf Equipment Market Segmentation, By Distribution Channel

• Global Golf Equipment Market Share Analysis, By Distribution Channel

• Global Golf Equipment Market Growth Analysis, By Distribution Channel

• Global Golf Equipment Market Trends, By Distribution Channel

o Offline Retail Stores

o Online Retail Stores

7. Global Golf Equipment Market Segmentation, By Region

• Global Golf Equipment Market Share Analysis, By Region

• Global Golf Equipment Market Growth Analysis, By Region

• Global Golf Equipment Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Topgolf Callaway Brands Corp*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Sumitomo Rubber Industries Ltd

• Nike Inc.

• Acushnet Holdings Corp.

• Mizuno Corporation

• Taylormade Golf Company Inc.

• Adidas AG

• Bridgestone Corporation

• Puma SE

• Karsten Manufacturing Corporation (Ping Inc.)    

 *Similar analysis will be provided for each company listed above.