Golf Equipment Market Size & Share, by Product Type (Golf Club, Golf Balls, Golf Gear, Golf Footwear & Apparel); Distribution Channel (Retail, Online, Specialty Stores); Price (Low, Mid, High); End User (Amateur Golfers, Professional Golfers) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 6019
  • Published Date: May 03, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Golf Equipment Market size is expected to reach USD 14.53 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of golf equipment was over USD 7.8 Billion. The growth of market is impelled by growing sophistication and professionalism, golf is becoming a more and more popular game on a global scale. The perception of golf as a leisure activity that offers both physical exercise and mental relaxation is growing as people become more health-conscious. Many different types of people have taken an interest in it due to its reputation as a low-impact sport appropriate for people of all ages and fitness levels. In all, 26.6 million golfers played on actual golf courses, while an additional 18.4 million played only off-course at facilities like driving ranges, indoor golf simulators, or golf entertainment centers like Topgolf.

In addition, certain governments and organizations have acknowledged the financial and societal advantages of golf and implemented measures to encourage the game, including tax breaks for golf course builders and financial support for golf education. The United States Golf Association installed a GPS tracker on players in order to monitor their movements on the field, according to data from 2022. The sport of golf is predicted to expand in popularity over the medium term, which will accelerate market expansion.  

Golf Equipment Market
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Golf Equipment Sector: Growth Drivers and Challenges

Growth Drivers

  • Enhanced golf facility accessibility resulting in increasing sport participation - A significant effort has been made to introduce golf to a wider range of people and younger demographics in an attempt to make the game more accessible and inclusive. New players have entered the game as a consequence of initiatives like family-friendly golf outings, beginner-friendly courses, and youth programs that have increased the sport's appeal.

    The need for golf equipment increases as more people take up the sport as a recreational or competitive activity, affecting players of all ability levels. This broad participation among different age groups and ability levels guarantees a steady flow of demand for golf clubs, balls, clothes, and accessories like golf bags, supporting the golf equipment market's development.
  • Golf's increasing exposure through a variety of media growing attraction of sports - The reach of the sport has increased because to its visibility on numerous media channels, enabling both casual fans and enthusiasts to get more involved with the game. Global audiences are captivated by the comprehensive coverage of major tournaments, player profiles, and instructional content provided by television broadcasts, live streaming, social media content, and dedicated golf channels.

    Consumer tastes are greatly influenced by endorsements of golfing gear by well-known individuals and partnerships between professional players and equipment makers. By demystifying golf and making it more approachable and relevant, media attention eventually piques players' interest and encourages them to make a purchase.
  • An increase in female golfers playing professionally and recreationally - The rise in the middle class, the number of female professional and amateur players, and the popularity of golf tourism are the main factors propelling the global golf equipment market. Growing interest in sports and outdoor activities among consumers as a result of their health benefits will generate favorable conditions for the market's growth rate. Other aspects that enable manufacturers to supply golf simulators include technological improvements and innovation in the golf industry.


  • Golf's seasonal characteristics impacting market growth - The golf industry's reliance on local climates and weather patterns impedes its expansion. In many regions of the world, golf is a season-specific sport that is mainly played in the spring and summer. The demand in market is strongly impacted by this seasonality, which causes variations in sales all year round. This is because fewer rounds are played. During these off-peak seasons, manufacturers and merchants often experience a decline in sales, which can cause problems with inventory management and negatively impact income streams. Seasonality affects when new products are introduced and when marketing plans are implemented since businesses need to time their efforts to coincide with periods of high sales.
  • Younger customers' hectic schedules cause an increase in indoor games, which reduces demand for golf equipment.
  • It is projected that the high cost of golf equipment will limit the golf equipment market's rate of expansion.

Golf Equipment Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2023)

USD 7.8 Billion

Forecast Year Market Size (2036)

USD 14.4 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Golf Equipment Segmentation

Product Type (Golf Club, Golf Balls, Golf Gear, Golf Footwear & Apparel)

Based on product type, golf club segment is attributed to hold largest market share of about 45% during the forecast period. The market for golf equipment has been greatly impacted by the personalization movement. Golfers are demanding equipment that is customized to their individual tastes and swing traits. Golfers can customize their clubs for optimal comfort and performance owing to this customization, which increases the market appeal of golf clubs to a wider variety of players. There are 38,864 golf clubs worldwide, located in 206 of the 251 nations and dependent territories.

Furthermore, golf clubs are always improving in terms of adjustability, materials, and design to satisfy players who want more personalization and performance. Golf clothing emphasizes UV protection and moisture-wicking materials to combine style with usefulness. Conversely, technology devices like GPS golf rangefinders and accessories like golf gloves, bags, and shoes continue to advance in terms of functionality, ease of use, and durability. These continuous improvements being taking place in golf clubs, support market expansion in this segment.

Distribution Channel (Retail, Online, Specialty Stores)

Based on distribution channel, retail segment in the golf equipment market is estimated to hold largest revenue share of about 40% over the projection period. The market has been significantly impacted by the growth of retail & e-commerce. Customers may explore a large selection of golf equipment, compare features and costs, and buy online while lounging in their homes. Sales in the market have surged as a result of internet shopping's accessibility and convenience.

Moreover, people are motivated to buy golf equipment from retail stores because of having multiple brands in one location makes it simple to compare prices and specifications. These retailers typically have a presence inside golf courses, which maximizes their profitability. These shops also provide discounts for joining clubs, which influences customers' decisions to buy.

Our in-depth analysis of the global market includes the following segments:

          Product Type

  • Golf Club
  • Golf Balls
  • Golf Gear
  • Golf Footwear & Apparel

          Distribution Channel

  • Retail
  • Online
  • Specialty Stores


  • Low
  • Mid
  • High

          End User

  • Amateur Golfers
  • Professional Golfers

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Golf Equipment Industry - Regional Synopsis

North American Market Forecast

Golf equipment market in North America region is projected to hold largest revenue share of about 34% in the upcoming years. The growing popularity of athletics throughout the region is driving this market. Golf equipment sales in the area are increasing due to a strict supply chain. Eighty percent of the sales are made up of department and discount stores and sporting goods retailers together.

One of the main drivers of market is the increased usage and availability of internet as well. Approximately 97.1 percent of Americans had internet connection as of 2024, up from approximately 75 percent in 2012.

APAC Market Statistics

Golf equipment market in Asia Pacific region is predicted to hold second largest revenue share of about 27% in the foreseen period. The main factor driving the growth is rising consumer spending. Asia Pacific has a robust development opportunity for the market due to the increasing number of golfers and rising middle-class disposable income.

Growing numbers of golf tournaments and players are the main factors driving the growth in golf equipment sales. The time players spend honing their swings with the necessary equipment—clubs, gloves, and other gear—is a major contributing factor to the large number of professional players in the region.

Research Nester
Golf Equipment Market size
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Companies Dominating the Golf Equipment Landscape

    • Under Armour, Inc.
      •  Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Acushnet Holdings Corp
    • Roger Cleveland Golf Company, Inc.
    • Golfsmith International Holdings, Inc.
    • Amer Sports
    • Callaway Golf
    • TaylorMade Golf Co.
    • Wilson Sporting Goods
    • Ralph Lauren
    • Dick's Sporting Goods
    • Dunlop Sports Co. Ltd.

In the News

  • Wilson Sporting Goods opened a retail store in Chicago. In addition to Wilson's high-performance sports gear, the new store offers a carefully chosen selection of sporting items for a variety of sports, including tennis, baseball, football, basketball, and golf. Wilson has lived in Chicago for almost a century. Wilson is a company that cherishes its hometown history, from our beginnings in a former schoolhouse on Chicago's south side to our current offices with a view of Millennium Park. Thus, it seems sense that the world's first Wilson Heritage Store, which will officially open to the public on July 15th, is located in Chicago.
  • Callaway Golf, a leader in equipment design, performance, and innovation for the golf industry unveiled the new Paradym Family of Woods and Irons from Callaway Golf. Paradym golf clubs, with their all-new product constructions, unmatched forgiveness, and distance capabilities, are designed to completely transform performance. They go on pre-sale on January 13 and go on sale at retailers across the country on February 24.

Author Credits:  Anil Kumar, Ipsheeta Dash

  • Report ID: 6019
  • Published Date: May 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing popularity of golf and focus towards healthy lifestyle are the major factors driving the growth of the golf equipment market.

The market size of golf equipment is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Acushnet Holdings Corp. Roger Cleveland Golf Company, Inc., Golfsmith International Holdings, Inc., Amer Sports, Callaway Golf, TaylorMade Golf Co., Wilson Sporting Goods, Ralph Lauren, Dick's Sporting Goods, and others.

The golf club segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future
Golf Equipment Market Report Scope

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