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Golf Shaft Market Size

Report ID: GMI6357
Published Date: Jul 2023
Report Format: PDF

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Golf Shaft Market Size

Golf Shaft Market size was valued at around USD 345.7 million in 2022 and is estimated to register over 3.1% CAGR between 2023 and 2032. The increasing popularity of golf and growing participation rates worldwide drive the demand for golf equipment, including golf shafts.

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Golfers are increasingly seeking customized and personalized golf shafts that match their swing characteristics and playing style, driving the demand for specialized shaft options. Golfers are always looking to improve their game, and golf shafts play a crucial role in achieving better performance and distance, leading to demand for high-quality shafts. The growth in disposable income levels allows golfers to invest in high-quality golf equipment, including premium golf shafts.

Golf Shaft Market Report Attributes
Report Attribute	Details
Base Year:	2022
Golf Shaft Market Size in 2022:	USD 345.7 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	3.1%
2032 Value Projection:	USD 471.4 Million
Historical Data for:	2018 to 2022
No. of Pages:	180
Tables, Charts & Figures:	300
Segments covered:	Material, Type, Flexibility, Club Type, Region
Growth Drivers:	Increasing elderly aged population Rapid urbanisation Rising disposable income
Pitfalls & Challenges:	Highly Competitive Market Dependency on Golf Industry Trends Fluctuating raw material prices

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Fluctuations in the cost of raw materials, such as carbon fibers, can impact manufacturing costs and profit margins. The golf shaft industry is highly competitive, with numerous manufacturers vying for market share. This intense competition can lead to price wars and pressure on profit margins. The golf shaft business success is closely tied to the overall health of the golf industry. Any downturn in golf participation or interest can impact demand for golf shafts.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global market for golf shaft was valued at around USD 345.7 million in 2022 and is estimated to reach over USD 471 million by the end of 2032 owing to the increasing popularity of golf and growing participation rates worldwide.

Iron shafts segment held a dominant market share of around 40% in 2022 as these shafts combine the benefits of graphite and steel or other materials to provide a balance of lightweight performance and enhanced stability.

U.S. dominated North American market with a revenue of USD 68.2 million in 2022 and is anticipated to expand at a significant pace from 2023-2032 as the level of golf participation in North America directly affects the demand for golf shafts.

Golf shaft industry are True Temper Sports, Mitsubishi Chemical, Fujikura, Aldila, Graphite Design, Graphite Design, Project X, KBS Golf Shafts, Accra Golf Shafts, Grafalloy among others.