Golf Equipment Manufacturing Market Report 2024 (Global Edition)

Global Golf Equipment Manufacturing Market Report 2024 Market Size Split by Type (Golf Clubs, Golf Balls, Golf Bags, Golf Shoes, Others), by Application (Household, Commercial), by Distribution Channe...

Golf Equipment Manufacturing Market Report Description

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Golf Equipment Manufacturing Market Insights Video

Competitive Landscape of the Golf Equipment Manufacturing Market

The golf equipment manufacturing market is highly competitive, dominated by primary players emphasizing innovation, brand loyalty, and endorsements from professional golfers to maintain market share. Additionally, smaller and niche brands compete by offering specialized or affordable alternatives. Mergers, acquisitions, and strategic partnerships are common as manufacturers seek to broaden their product portfolios and global reach, while consumer preference for performance-driven products drives competition.

In November 2023, Topgolf Callaway Brands Corp announced that it had purchased certain assets from Invited Inc. related to its BigShots Golf ("BigShots") business. The acquisition added the BigShots brand and certain locations to the company's portfolio of US venues, expanding its leadership position in off-course golf. (Source: https://www.topgolfcallawaybrands.com/news-releases/news-release-details/topgolf-callaway-acquires-bigshots-golf-strengthening-its) In January 2024, PXG, one of the leading research and development companies and golf club manufacturers, confirmed the launch of its highly anticipated PXG Black OpsTM collection. The new lineup includes PXG Black Ops Fairways, PXG Black Ops Drivers, and PXG Black Ops Hybrids. (Source: https://www.pxg.com/the-range/news/media-alert-much-anticipated-black-ops-release-from-pxg-confirmed/?srsltid=AfmBOopJqQpmHoHe8JHmITMN-vItzhvpJ_FraCc1U2J3KdjaoDmFSv9z) In February 2023, Acushnet Holdings Corp. acquired all relevant Club Glove trademarks, domains, and products from West Coast Trends Inc. Club Glove is a market leader specializing in premium performance golf travel products. (Source: https://www.acushnetholdingscorp.com/investors/news/news-details/2023/Acushnet-Holdings-Corp.-Acquires-Club-Glove-Brand-The-Performance-Leader-in-Golf-Travel/default.aspx)

Top Companies Market Share in Golf Equipment Manufacturing Industry: (In no particular order of Rank)

• Callaway
• SRI Sports Limited
• Acushnet Holding Corp.
• Taylormade
• Titleist
• Clevaland
• Mizuno
• Wilson
• Odyssey
• Ping
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Golf Equipment Manufacturing Market

Which Region Dominates the Golf Equipment Manufacturing Market in 2024?

According to Cognitive Market Research, North America currently dominates the Golf Equipment Manufacturing market, and the region is expected to have significant growth during the projected period due to its large, established golfing population, extensive network of golf courses, and strong professional tournaments like the PGA Tour.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rising disposable incomes, increasing golf participation, and expanding infrastructure, especially in countries like China, Japan, and South Korea.

The current report Scope analyzes Golf Equipment Manufacturing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Golf Equipment Manufacturing

According to Cognitive Market Research, the global Golf Equipment Manufacturing market size was estimated at USD 10812.41 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3033.00 million in 2024 and will rise at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Golf Equipment Manufacturing market with a market size of USD 2393.04 million in 2024 and is foreseen to rise at the CAGR of 3.2% during the forecast years due to the rising participation in recreational golf.
• The Canada Golf Equipment Manufacturing market had a market share of USD 363.96 million in 2024 and is foreseen to rise at a CAGR of 4.2% during the forecast years due to the advancements in technology enhancing player performance.
• The Mexico Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 3.9% during the forecast years, with a market size of USD 276.00 million in 2024.

Europe Golf Equipment Manufacturing

According to Cognitive Market Research, the global Golf Equipment Manufacturing market size was estimated at USD 10812.41 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2274.75 million in 2024 and will rise at a compound annual growth rate (CAGR) of 3.7% from the year 2024 to 2031.

• The United Kingdom Golf Equipment Manufacturing market had a market share of USD 382.16 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In the UK, Golf Equipment Manufacturing sales witness an upswing due to a growing number of golf courses and initiatives promoting health and wellness.
• The France Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 2.9% during the forecast years, with a market size of USD 209.28 million in 2024.
• According to Cognitive Market Research, the German Golf Equipment Manufacturing market size was valued at USD 450.40 million in 2024 and is foreseen to rise at a CAGR of 3.9% during the forecast years. In Germany, Golf Equipment Manufacturing surged due to the investments in golf course development and facilities.
• The Italy Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 3.1% during the forecast years, with a market size of USD 195.63 million in 2024.
• The Russia Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 2.7% during the forecast years, with a market size of USD 352.59 million in 2024.
• The Spain Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 2.8% during the forecast years with a market size of USD 186.53 million in 2024
• The Luxembourg Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 3.8% during the forecast years, with a market size of USD 70.52 million in 2024.
• The Portugal Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 3.5% during the forecast period, with a market size of USD 47.77 million in 2024.
• The Greece Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 4.0% during the forecast years, with a market size of USD 27.30 million in 2024.
• The Rest of Europe's Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 2.4% during the forecast years, with a market size of USD 352.59 million in 2024.

Asia Pacific Golf Equipment Manufacturing

According to Cognitive Market Research, the global Golf Equipment Manufacturing market size was estimated at USD 10812.41 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1743.98 million in 2024 and will rise at the compound annual growth rate (CAGR) of 7.2% from the year 2024 to 2031.

• According to Cognitive Market Research, the China Golf Equipment Manufacturing market size was valued at USD 784.79 million in 2024 and is foreseen to rise at a CAGR of 6.7% during the forecast years. Golf Equipment Manufacturing surged in China due to a rising interest in golf as a recreational sport.
• The Japan Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 5.7% during the forecast years, with a market size of USD 240.67 million in 2024.
• The India Golf Equipment Manufacturing market had a market share of USD 209.28 million in 2024 and is foreseen to rise at the CAGR of 9.0% during the forecast years due to a growing number of golf courses and facilities.
• The South Korean Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 6.3% during the forecast years, with a market size of USD 174.40 million in 2024.
• The Australian Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 6.9% during the forecast period, with a market size of USD 90.69 million in 2024.
• The South East Asia Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 8.2% during the forecast years, with a market size of USD 120.33 million in 2024.
• The Rest of Asia Pacific Golf Equipment Manufacturing market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 123.82 million in 2024.

South America Golf Equipment Manufacturing

According to Cognitive Market Research, the global Golf Equipment Manufacturing market size was estimated at USD 10812.41 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 379.13 million in 2024 and will rise at the compound annual growth rate (CAGR) of 4.6% from the year 2024 to 2031.

• According to Cognitive Market Research, the Brazil Golf Equipment Manufacturing market size was valued at USD 162.27 million in 2024 and is foreseen to rise at the CAGR of 5.2% during the forecast years. Golf Equipment Manufacturing flourished in Brazil due to the increasing participation in the sport.
• Argentina's Golf Equipment Manufacturing market had a market share of USD 63.69 million in 2024 and is foreseen to rise at a CAGR of 5.5% during the forecast years due to the expansion of golf courses and rising interest in the sport among both amateurs and professionals.
• Colombia Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 4.4% during the forecast years, with a market size of USD 33.74 million in 2024.
• Peru Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 4.8% during the forecast years, with a market size of USD 31.09 million in 2024.
• Chile Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 4.9% during the forecast period, with a market size of USD 27.30 million in 2024.
• The Rest of Latin America's Golf Equipment Manufacturing market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 61.04 million in 2024.

Middle East and Africa Golf Equipment Manufacturing

According to Cognitive Market Research, the global Golf Equipment Manufacturing market size was estimated at USD 10812.41 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 151.65 million in 2024 and will rise at a compound annual growth rate (CAGR) of 4.9% from the year 2024 to 2031..

• The GCC Countries Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 5.7% during the forecast years, with a market size of USD 64.91 million in 2024. Golf Equipment Manufacturing sales flourish due to the increasing interest in golf as a leisure activity.
• The Egypt Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 5.2% during the forecast years, with a market size of USD 15.92 million in 2024.
• The South Africa Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 5.9% during the forecast years, with a market size of USD 23.96 million in 2024. Golf Equipment Manufacturing sales flourished in South Africa due to the rising popularity of golf as a leisure activity.
• The Turkey Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 4.4% during the forecast years, with a market size of USD 13.04 million in 2024.
• The Nigeria Golf Equipment Manufacturing market is foreseen to experience growth at a CAGR of 4.0% during the forecast years, with a market size of USD 15.92 million in 2024.
• The Rest of the MEA Golf Equipment Manufacturing market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 17.89 million in 2024.

Golf Equipment Manufacturing Market Analysis

How are Segments Performing in the Global Golf Equipment Manufacturing Market?

Golf Equipment Manufacturing Market Type Segment Analysis

According to Cognitive Market Research, golf clubs are likely to dominate the Golf Equipment Manufacturing Market over the forecast period due to their essential role in the game, with advancements in materials and design enhancing player performance. Innovations in club technology, like lighter shafts and adjustable features, drive demand, making them the most significant revenue-generating segment in the industry.

The golf ball is the fastest-growing segment in the Golf Equipment Manufacturing Market due to its essential role in the sport, frequent replacement needs, and advancements in design for improved performance. With constant demand from both casual and professional players, golf balls generate significant revenue, driven by innovation in materials and aerodynamics.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Golf Equipment Manufacturing Industry. Request a Free Sample PDF!

Golf Equipment Manufacturing Market Application Segment Analysis

According to Cognitive Market Research, the commercial segment held the largest share of the market due to the strong demand from golf clubs, resorts, and professional tournaments. Bulk purchases of equipment, coupled with sponsorships and endorsements from professional golfers, drive sales. This sector's consistent demand supports manufacturers’ revenue growth more than individual consumers.

In the Golf Equipment Manufacturing Market, the household has been expanding at a rapid pace due to increased interest in golf as a leisure activity during the COVID-19 pandemic. As people sought home-based or socially distanced outdoor activities, demand for personal golf equipment surged, driving growth in this segment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Golf Equipment Manufacturing Distribution Channel Segment Analysis

Golf Equipment Manufacturing Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the golf specialty retailers segment held the largest market share. Cups of this range are used significantly in a lot of beverages, like coffee, tea, and soft drinks, hence finding extensive applications among both consumers and businesses.

In the Golf Equipment Manufacturing market, the rapidly growing sector is the specialty stores category. The growth in this category is induced by the rising demand for smaller-sized cups required for espresso shots, samples, and other small portions of beverages.

• On-Course Golf Shops
• Golf Specialty Retailers
• Online Stores
• Others

Golf Equipment Manufacturing End-User Segment Analysis

Golf Equipment Manufacturing Market End-user Segment Analysis

According to Cognitive Market Research, the male golfer's segment dominates the market by offering a broad range of premium products, expert advice, and custom-fitting services. Their deep understanding of the sport and strong relationships with top brands attract dedicated golfers, ensuring they remain the go-to source for high-quality, performance-driven gear and accessories.

Junior category is projected to be the fastest-growing segment in the Golf Equipment Manufacturing market due to increasing youth participation in golf, fueled by grassroots programs, school initiatives, and parental encouragement. Manufacturers are creating specialized, lighter, and affordable equipment tailored for young players, fostering early interest and long-term engagement in the sport.

• Male
• Female
• Junior

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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