Golf Equipment Market Report 2026

The golf equipment market size has grown steadily in recent years. It will grow from $29.45 billion in 2025 to $30.67 billion in 2026 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to growth in recreational golf participation, expansion of professional golf tournaments, rising disposable income among consumers, increasing number of golf courses globally, product innovation in golf equipment.

The golf equipment market size is expected to see steady growth in the next few years. It will grow to $37.04 billion in 2030 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to greater adoption of connected golf devices, rising demand for personalized sports equipment, expansion of online retail channels, growing interest in immersive golf training experiences, increased focus on sustainable sporting goods. Major trends in the forecast period include increasing adoption of smart golf equipment, rising demand for eco-friendly golf gear, growing use of virtual training and simulation tools, expansion of custom-fitted golf clubs, enhanced focus on performance-optimized materials.

The growth of the golf equipment market is anticipated to be driven by the rise in golf tourism and government support. Governments are actively promoting golf resorts to both local and international tourists as a means to generate additional foreign exchange through the development of golf tourism, thus contributing to economic growth. This surge in golf tourism is expected to boost sales and demand for golf equipment. For example, in February 2023, the United States Golf Association (USGA), the governing body and national association for golf courses, clubs, and facilities in the US, launched the US National Development Program (USNDP). This program aims to establish a structured approach to cultivating elite golf talent across the nation. It focuses on identifying, training, developing, and financially supporting promising junior players from diverse backgrounds, addressing the competitive disadvantages the US faces in golf development compared to other countries. The initiative includes a sustainable grant program to cover expenses like entry fees and coaching, with a goal of supporting 1,000 junior players by 2027. Consequently, the growth in golf tourism and government backing is propelling the market forward.

Major companies in the golf equipment market are leveraging innovative strategies, such as the development of new products such as carbon fiber drivers, to gain a competitive edge. Carbon fiber, recognized for its lightweight and exceptional strength, is a key material in these advanced drivers. For instance, in January 2023, Topgolf Callaway Brands introduced the Paradym range, featuring groundbreaking technology. The Paradym Drivers, equipped with an industry-first 360 Carbon Chassis, optimize weight distribution for maximum distance and increased forgiveness. With a Triaxial Carbon crown and Forged Carbon sole, these drivers are 44% lighter than titanium chassis, enhancing both ball speed and forgiveness. The drivers, available in three models, cater to specific player preferences and performance requirements.

In February 2023, Acushnet Holdings Corp, a publicly traded company located in the United States, acquired the Club Glove brand for an undisclosed sum. This acquisition holds particular importance as Club Glove is recognized as a leader in golf travel products and is highly esteemed by professional golfers on the PGA and LPGA tours for its high-quality travel gear. Club Glove is a US-based company specializing in golf equipment.

Major companies operating in the golf equipment market are Bridgestone Corporation, Sumitomo Rubber Industries Ltd., Puma SE, Callaway Golf Company, Topgolf Callaway Brands Corp., Amer Sports Corporation, Acushnet Holdings Corp., Titleist (Acushnet Company), Mizuno USA Inc., TaylorMade Golf Company Inc., SRI Sports Limited, Dunlop Sports Co. Ltd., Karsten Manufacturing Corporation, Wilson Sporting Goods, PING Inc., Roger Cleveland Golf Company Inc., Cleveland Golf, Cobra Golf, Parsons Xtreme Golf, Dixon Golf Inc., Srixon Sports, Adams Golf.

North America was the largest region in the golf equipment market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the golf equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the golf equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The golf equipment market consists of sales of woods, sticks, wedges, putters, and rubber material. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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