The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increase in golf tourism and government support are expected to drive innovation in golf equipment manufacturing, thus driving the market during the forecast period.

The global golf equipment market is expected to grow from $8.37 billion in 2022 to $8.74 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The golf equipment market size is expected to grow to $9.91 billion in 2027 at a compound annual growth rate (CAGR) of 3.2%.

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Global Golf Equipment Market Segments Include:

• By Type: By Product Type: Golf Clubs, Golf Balls, Golf Bags And Accessories, Apparel, Footwear
• By Distribution Channel: Specialty Stores, Sporting Goods Chain, On-Course Shops, Online Stores, Other Distribution Channels
• By End-User: Amateurs, Professionals
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global golf equipment market in 2021.

Major Market Players in the golf equipment market include Acushnet Holdings Corp., Callaway Golf Company, TaylorMade Golf Company, Nike Inc., Bridgestone Corporation, Amer Sports Corporation.

Technology advancementss are shaping the golf equipment market. Companies are creating products with enhanced technologies to satisfy the market need for superior golf equipment. For instance, in January 2020, TaylorMade Golf, a US-based leader in innovation and technology launched the second generation of the high-visibility line of pix golf balls. For the first time, pixTM, a new visual technology created in collaboration with Rickie Fowler, will be available in both the TP5 and TP5x models. The TP5/TP5x stamp is used to create the company’s new ClearPath AlignmentTM, which is the main feature of the company’s logo. ClearPath not only aids in alignment but also provides rapid feedback on the roll’s quality. The golfer can see a clearing in the center of the ball on a well-struck putt where the ball is rolling end-over-end, which provides two critical pieces of information, the launching of the golf ball down the intended path and about a good putt.

The Golf Equipment Global Market Report 2023  provides a golf equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The golf equipment market forecast analyzes golf equipment market size, golf equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Golf equipment refers to equipment and items that are designed to play the sport, protect the course, enhance the game, and provide a better overall game experience for all golf players. Golf equipment includes the golf ball, golf clubs, alignment sticks, ball markers, ball retrievers, and other devices that aid in the sport of golf.

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