Future of the Golf Equipment Market: Strategic Analysis and Forecast to 2034

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Golf Equipment Market Through 2025?
The market for golf equipment has seen consistent expansion over the past few years. It's projected to increase from a valuation of $29.03 billion in 2024, to a valuation of $30.41 billion in 2025, signaling a compound annual growth rate (CAGR) of 4.8%. This consistent rise throughout the past can be associated with factors such as the growing popularity of golf as a sport, development of golf courses, changes in demographic trends, endorsements by celebrities and events, as well as tourism and golf focused travel.

What's the Projected Size of the Global Golf Equipment Market by 2029?
The golf gear market's size will likely witness a steady expansion in the coming years, reaching $36.76 billion in 2029 with a compound annual growth rate (CAGR) of 4.9%. This projected growth during the forecast period can be ascribed to increased innovations in designs and materials, a rising inclination among the younger generation, the trend towards customization and personalization, utilization of digital platforms and e-commerce, and the popularity of sustainable and eco-friendly products. Crucial trends projected for the forecast period encompass the growth of direct-to-consumer sales channels, the surge of customization and aesthetic trends in golf clothing and accessories, the rise of hybrid and multi-purpose golf gear, an emphasis on lightweight and easily portable golf equipment, and the expected integration of augmented reality (AR) in golf training sessions.

View the full report here:
https://www.thebusinessresearchcompany.com/report/golf-equipment-global-market-report

Top Growth Drivers in the Golf Equipment Industry: What's Accelerating the Market?
The growth of the golf equipment market is anticipated to be propelled by the surge in golf tourism and backing from the government. To earn extra foreign exchange, governments are encouraging golf resorts to appeal to both domestic and international tourists, thus facilitating economic advancement through the growth of golf tourism. This will in turn boost sales and increase demand for golf equipment. For example, in February 2023, the United States Golf Association (USGA) - a national governing body and association for golf courses, clubs and facilities within the US - launched the US National Development Program (USNDP). This program is designed to nurture top golf talent across the country, providing a structured pathway. It is centered around the identification, training and development of talented junior golfers from a variety of backgrounds, in addition to offering them financial support, in an attempt to eliminate the competitive disadvantage the US encounters in golf development when compared to other nations. This program includes a sustainable grant initiative that covers costs like entry fees and coaching, with a planned target of supporting 1,000 junior golfers by 2027. As such, the escalation of golf tourism and government backing fuels the growth of the market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6617&type=smp

What Trends Will Shape the Golf Equipment Market Through 2029 and Beyond?
Top golf equipment companies are creating innovative products, such as carbon fiber drivers, to gain an upper hand in the market. Carbon fiber, constructed from thin carbon atom fibers, is a lightweight yet incredibly durable material. An example of this innovation is Topgolf Callaway Brands, a US-based sports equipment firm who, in January 2023, rolled out the Paradym range. This line utilizes cutting-edge technology planned to transform performance standards. The Paradym Drivers boasts a first-of-its-kind 360 Carbon Chassis that replaces titanium from the body, permitting engineers to perfect weight distribution for optimal distance and enhanced forgiveness. The drivers, composed of a Triaxial Carbon crown and Forged Carbon sole, weigh 44% less than those with a titanium chassis, thus improving both ball speed and forgiveness. The AI-constructed Jailbreak system guarantees stability and increased ball speeds, with the face cup technology - a Callaway drivers debut - optimizing energy transmission to the ball. The Paradym Drivers are available in three variations-Paradym, Paradym X, and Paradym Triple Diamond-each tailored to unique player needs and performance benchmarks.

What Are the Main Segments in the Golf Equipment Market?
The golf equipment market covered in this report is segmented -

1) By Product Type: Golf Clubs, Golf Balls, Golf Bags And Accessories, Apparel, Footwear
2) By Distribution Channel: Specialty Stores, Sporting Goods Chain, On-Course Shops, Online Stores, Other Distribution Channels
3) By End-User: Amateurs, Professionals

Subsegments:
1) By Golf Clubs: Drivers, Irons, Putters, Hybrids
2) By Golf Balls: Premium Golf Balls, Value Golf Balls, Practice Balls
3) By Golf Bags And Accessories: Stand Bags, Cart Bags, Travel Bags, Accessories
4) By Apparel: Golf Shirts, Golf Pants Or Shorts, Outerwear, Headwear
5) By Footwear: Golf Shoes, Sandals, Insoles

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6617&type=smp

Which Top Companies are Driving Growth in the Golf Equipment Market?
Major companies operating in the golf equipment market include Bridgestone Corporation, Dick's Sporting Goods Inc., Sumitomo Rubber Industries Ltd., Puma SE, Callaway Golf Company, Topgolf Callaway Brands Corp., Amer Sports Corporation, Acushnet Holdings Corp., Titleist, Mizuna USA Inc., TaylorMade Golf Company Inc., SRI Sports Limited, Dunlop Sports Co. Ltd., Karsten Manufacturing Corporation, Wilson Sporting Goods, PING Inc., Roger Cleveland Golf Company Inc., Cleveland Golf, True Temper, Cobra Golf, Parsons Xtreme Golf, Dixon Golf Inc., Srixon Sports, Adams Golf, Wittek Golf Supply, Bailey & Izlet Inc., Matzie Golf

Which Regions Will Dominate the Golf Equipment Market Through 2029?
North America was the largest region in the golf equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the golf equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6617

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.