Global Golf Equipment Market Research Report 2021

Golf equipment includes various items, which are used to play the sport of golf. These include golf balls, shoes, bags, golf gloves, golf gear, and golf wear, club, club head cover, cart, towels, tees, ball markers, wedges, putters, and other devices that help golfers in various ways.
Growing popularity of golf across the world amongst older people and spur in golf tourism is driving the growth of the golf equipment market. The physical activity that golf provides is expected to be helpful. Furthermore, among golfers, mental and physical well being, together with improved performance and socializing are common motivations for playing the sport. There is a spur in golf tourism mainly due to the growing number of golf courses across the world, and increasing popularity of golf tournaments. Various countries are taking initiatives to drive golf tourism in their region. For instance, the tourism minister in India announced that the government would support efforts to entice more foreign golfers to the country’s approximately 220 golf courses.The declining number of golfers across the world might hamper the growth of the golf equipment market. According to the National Golf Foundation (NGF) the players who played golf on an actual golf course in 2016 fell by a significant number compared to 2015. However, the NGF reported the number of golfers who are beginners increased to a significant extent over 2015. Furthermore, the NGF reported that the number of dedicated golfers also grew in numbers. Dedicated golfers include those who call golf one of their several recreational pursuits or a favorite activity.

The global Golf Equipment market was valued at US$ 5208 million in 2019 and is expected to reach US$ 5892.7 million by the end of 2026, growing at a CAGR of 1.8% during 2021-2026.
This report focuses on Golf Equipment volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Golf Equipment market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Global Golf Equipment Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Golf Balls
Golf Clubs
Golf Shoes
Others

Segment by Application
Online Retail
Offline Retail

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Acushnet Company
Amer Sports
Callway Golf Company
Dixon Golf
Roger Cleveland Golf Company
Fila Golf
Golfsmith International Holdings
TaylorMade Golf Company