The global golf club market size is expected to reach USD 4.83 billion by 2030, registering a CAGR of 3.0% from 2025 to 2030. The market is anticipated to be driven by the growing popularity of golf as a sport in various countries as well as among various classes of the population. A substantial rise in the demand for golf clubs can be attributed to increasing income levels of the middle-class population and the growing number of female golfers over the last few years.
Golf is considered to be a status symbol in several countries. As a result, a large number of people from high-income groups participate in this sport to maintain their status in society. Inclusion of golf in the Olympics and the increasing number of tournaments have been encouraging people to participate in this sport. Governments of several countries are promoting the sport by providing facilities for it. For example, after the Commonwealth Games 2010, the Ministry of Tourism, Government of India, has been focusing on the development of golf tourism in the country. As of 2018, the country had more than 200 courses across the nation. These initiatives are expected to boost the popularity of the game in these nations, thereby driving the professional demand for golf clubs.
Like every other sport, golf is also witnessing a few positive dynamics as well as facing its own set of challenges. However, golf as a game has a significant international reach, wherein an array of youngsters, especially females, are contributing to its growth. TaylorMade has been flooding the market with a number of new products, whereas Titleist aims to control the inventory and increase demand by only announcing new drivers in odd years and irons in even ones.
Adoption of extensive marketing strategies, along with different endorsement events and campaigns by companies, impacts consumer preferences for various golf products. These events also aid in growing consumer attention towards various brand offerings in the entire golf equipment market, which also includes clubs as one of the essentials. A combination of the golf associations and promotion of the sport for the public, supported by the government, is also expected to offer potential opportunities for the global market.
Moreover, as per the National Golf Foundation (NGF), online purchases of various golf equipment continue to hold a higher percentage of total merchandise sales. More than one-third of golfers bought golf merchandise online in 2017, wherein balls and apparel contributed the majority of the sales. Numerous factors such as increasing participation and popularity of golf tournaments and events are expected to contribute to the sales of golf gear. However, strengthening of the U.S. economy and the golf sport attaining new participants through non-conventional means are likely to lead the way in the future.
Some of the key players operating in the market are focusing on acquisitions to diversify their product offerings and strengthen their position in the global market. For instance, in January 2019, Callaway Golf Company acquired JW Stargazer Holding GmbH, the owner of the international premium outdoor apparel, footwear, and equipment brand Jack Wolfskin. This acquisition expanded the former’s lifestyle product category. This move is expected to provide growth opportunities for Callaway Golf Company in active outdoor and urban outdoor categories.
Golf is considered to be a status symbol in several countries. As a result, a large number of people from high-income groups participate in this sport to maintain their status in society. Inclusion of golf in the Olympics and the increasing number of tournaments have been encouraging people to participate in this sport. Governments of several countries are promoting the sport by providing facilities for it. For example, after the Commonwealth Games 2010, the Ministry of Tourism, Government of India, has been focusing on the development of golf tourism in the country. As of 2018, the country had more than 200 courses across the nation. These initiatives are expected to boost the popularity of the game in these nations, thereby driving the professional demand for golf clubs.
Like every other sport, golf is also witnessing a few positive dynamics as well as facing its own set of challenges. However, golf as a game has a significant international reach, wherein an array of youngsters, especially females, are contributing to its growth. TaylorMade has been flooding the market with a number of new products, whereas Titleist aims to control the inventory and increase demand by only announcing new drivers in odd years and irons in even ones.
Adoption of extensive marketing strategies, along with different endorsement events and campaigns by companies, impacts consumer preferences for various golf products. These events also aid in growing consumer attention towards various brand offerings in the entire golf equipment market, which also includes clubs as one of the essentials. A combination of the golf associations and promotion of the sport for the public, supported by the government, is also expected to offer potential opportunities for the global market.
Moreover, as per the National Golf Foundation (NGF), online purchases of various golf equipment continue to hold a higher percentage of total merchandise sales. More than one-third of golfers bought golf merchandise online in 2017, wherein balls and apparel contributed the majority of the sales. Numerous factors such as increasing participation and popularity of golf tournaments and events are expected to contribute to the sales of golf gear. However, strengthening of the U.S. economy and the golf sport attaining new participants through non-conventional means are likely to lead the way in the future.
Some of the key players operating in the market are focusing on acquisitions to diversify their product offerings and strengthen their position in the global market. For instance, in January 2019, Callaway Golf Company acquired JW Stargazer Holding GmbH, the owner of the international premium outdoor apparel, footwear, and equipment brand Jack Wolfskin. This acquisition expanded the former’s lifestyle product category. This move is expected to provide growth opportunities for Callaway Golf Company in active outdoor and urban outdoor categories.
Golf Club Market Report Highlights
- Based on applications, the leisure segment dominated the global golf club market with a revenue share of 80.1% in 2024. The expansion of golf courses in key urban areas across the globe has played a major role in the sport's rising popularity.
- The sporting goods retailers segment held the largest revenue share of the golf club market in 2024. Consumer preference has increasingly shifted toward high-end golf clubs, typically sold at sporting goods retail stores.
- The North America golf club market dominated the global market with a revenue share of 45.1% in 2024. North America has been the global leader in terms of the number of golf courses and the number of professional & leisure players.
- The Asia Pacific golf club market is projected to experience the fastest CAGR from 2025 to 2030. Asia Pacific offers strong growth potential for golf clubs owing to the rising golf-playing population and increasing disposable income of the middle-class population.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Golf Club Market Variables, Trends & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Golf Club Market: Application Estimates & Trend Analysis
Chapter 6. Golf Club Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Golf Club Market: Regional Estimates & Trend Analysis
Chapter 8. Golf Club Market: Competitive Analysis
List of Tables
List of Figures
Companies Mentioned
- Callaway Golf Company
- Acushnet Holdings Corp
- PING
- Sumitomo Rubber Industries, Ltd.
- TAYLORMADE GOLF COMPANY, INC.
- MIZUNO Corporation
- Amer Sports
- Bridgestone Corporation
- Studio B
- Ben Hogan Golf Equipment Company
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | November 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 4.05 Billion |
| Forecasted Market Value ( USD | $ 4.83 Billion |
| Compound Annual Growth Rate | 3.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
