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Golf Equipment Market Trends

Report ID: GMI7190
Published Date: Oct 2023
Report Format: PDF

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Golf Equipment Market Trends

The Golf equipment manufacturers continued to integrate advanced technology into their products. This included sensors, GPS, and data analytics to provide golfers with real-time feedback on their performance, club recommendations, and course management tools. In addition, The golf industry recognized the importance of making the sport more accessible to beginners and casual players. This led to the development of more forgiving clubs and training aids to help newcomers enjoy the game.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

Global market size for golf equipment was USD 7.1 billion in 2023 and is estimated to reach USD 10.6 billion by 2032, owing to the global popularity of golf as a recreational and competitive sport.

The middle price range segment share was 48.1% in 2022 and will grow significantly through 2032 as there is a growing demand for equipment that strikes a balance between quality and affordability.

North America market size was worth USD 3.3 billion in 2022 and will showcase impressive growth trends attributed to well-established golf culture and infrastructure with a dense network of golf courses and facilities in the region.

Callaway Golf Company, TaylorMade Golf Company, Acushnet Holdings Corporation (Titleist), Bridgestone Corporation, Mizuno Corporation, Wilson Sporting Goods, PING Inc., SRI Sports Limited (Dunlop, Cleveland, Srixon), Nike, Inc., Yonex Co., Ltd., and Cobra Golf.