Global Golf Equipment Market Size, Share and Trends Analysis Report, By Product (Golf Clubs, Golf Balls, Golf Gear, Golf Footwear & Apparel), By Distribution Channel (Sports Goods Retailers, Online Retail, Department & Discount Stores), Forecast (2022-2028)

The global golf equipment market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The growing demand for golf equipment to play safe is a key factor driving the growth of the global golf equipment market. Golf is played by more than 60 million people, in more than 130 countries on six continents. The International Golf Federation organizes various programs and events around the world to attract millions of people of all ages to the sport. With the addition of the game to the Olympic Games, a sudden increase in the number of golfers around the world has been noticed. The number of young golfers has grown significantly over the past few years which has led to the purchase of various golf kits.

In addition, online product discounts may further drive the demand soon. The increase in the popularity of golf among the rich and the elite are expected to reflect well on the demand for the product in the coming years. An increase in the number of golf courses due to the increase in golf tours may contribute to the market growth. The high membership rates of golf courses are hampering the global demand for the product.

In December 2019, Smart Golf, a leading web-based provider of golf clubs and competition management software, acquired the assets of Open Solutions International, a provider of business solutions and club management software.

Further, in November 2019, NBC Sports Group acquired EZLinks Golf, the parent company of TeeOff.com, which combines its technology platforms and business solutions, to gain a solid foundation in the golf equipment market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-Callaway, SRI Sports, Acushnet Holding Corp., Taylormade, and Wilson, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Golf Equipment Market Report by Segment

By Product

• Golf Clubs
• Golf Balls
• Golf Gear
• Golf Footwear & Apparel

By Distribution Channel

• Sport Goods Retailers
• Online Retail
• Department & Discount Stores

Global Golf Equipment Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa