Golf Equipment Market Industry Overview, Size, Share, Growth Trends, Research Insights and Forecast (2025–2032)
Global Golf Equipment Market size was valued at over USD 9.25 Bn in 2024 and is expected to grow to USD 12.66 Bn in 2032 at a CAGR of 4.0 %.
Format : PDF | Report ID : SMR_2701
Golf Equipment Market Overview
The Golf Equipment Market is growing due to the high or rising popularity of golf; there is an increase in the number of participants from women and younger demographics. The new golf utilities, such as new courses and entertainment venues like TopGolf, raise the demand for golf equipment. The new and advanced Technologies are creating new opportunities in the golf equipment market. The combination of AI and smart technology, including AI-driven swing analysers, smart club and ball sensors, and cutting-edge simulators, provides golfers with customised feedback, improved performance, and an enhanced experience. There are different types of golf equipment in the Market, among this the golf clubs and golf balls are usually the top product lines because of their critical nature for the game and constant replacement.
The golf industry has different channels of distribution of golf equipment, which include offline shops (speciality stores, sporting goods retailers, on-course shops) and online shops, with online business increasingly acquiring popularity because of convenience and price discounting. North America is presently dominating the golf equipment market with the highest market share, aided by a strong golf culture and high consumer expenditures, while the Asia-Pacific region is witnessing substantial growth with rising disposable incomes and growing interest in golf. Key market rivals are big brands such as Callaway, TaylorMade, Titleist (Acushnet Holdings Corp.), PING, and Sumitomo Rubber Industries, which all emphasise innovation, promotions, and customisation of products to keep their market shares.
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Golf Equipment Market Dynamics
Rising Popularity in Golf to Drive Golf Equipment Market
Golf is getting popular, especially among women and the young generation, as it helps to build social connections in society and golf is also associated with fashion and lifestyle. Therefore an increase in popularity also increases in demand for golf clubs, balls, and innovations in Equipment. Innovation, such as AI-designed clubs, carbon fibre drivers, and smart training tools, and is attracting tech-loving players, while customisation trends cater to individual preferences, enhancing market expansion.
High Cost of Golf Equipment to Restrain the Golf Equipment Market Growth
Premium golf clubs, balls, apparel, bags, and other accessories often have high price tags, and it makes sports expensive for beginners and casual players, which limits the purchase of golf equipment therefore, many people find it difficult to justify their investments, and it slows the market expansion. As a result, the overall demand for golf equipment decreases, and the Golf Equipment manufacturers also find it difficult to grow their customer. Without accessible pricing or affordable alternatives of golf equipment, the growth potential remains limited.
AI and Smart Technology Integration Create a new opportunity for Golf Equipment Market
As AI and smart technologies enhance operational efficiency and customer experiences so with the help of AI and Smart technology integration few golf clubs are now tracking the swing metrics- that is its speed, face angel, impact location and much more which are then synced with apps and the players get the feedback which improves their performances and it also gives them suggestions. This technology in the golf market will lead in the forecast period, as the usage of AI is increasing therefore, it increase and enhance the usage of AI in the golf clubs.
Golf Equipment Market Segmentation Analysis
Based on Type Golf Equipment Market is segmented into Golf Clubs, Golf Balls, Golf Bags, Golf Gloves, Golf Shoes and Others. In this segment, golf clubs dominate the market, holding the largest share. In 2024, and is expected to dominate the market in the forecast period also as Innovations like carbon fibre drivers, hybrid clubs, and AI-designed clubfaces enhance performance, attracting both amateurs and professionals to the golf club, whereas the golf ball has Multi-layer designs that improve distance and spin control. The golf bags is rising golf tourism and e-commerce accessibility, boosting sales, and Golf Gloves & Shoes are a Niche market
Based on Distribution Channel, the golf Equipment Market is segmented into Offline and Online Stores. In this segment, Offline Distribution Channel dominates the market, holding the largest share. In 2024, and is expected to dominate the market in the forecast period also as Golfers prefer testing equipment in person for fit and performance before purchasing, whereas the online store lacks in physical interaction with products, which is critical for clubs and shoes.
Golf Equipment Market Regional Analysis
North America Dominated The Golf Equipment Market Due to Large and Well-Established Golf Community and due to High Purchasing Power
North America, dominates the global golf equipment market, as the region has rich golf culture, wide infrastructure, and high consumer spending power. The U.S. hosts many of the world’s most prestigious golf courses and tournaments, such as The Masters and the U.S. Open, which slightly influence peoples in purchasing behaviour and fuel interest in the sport.
A large base of amateur and professional players, along with a steady influx of new participants, especially among younger and female demographics, has sustained demand for a wide range of equipment, from premium golf clubs to technologically advanced accessories. Moreover, the presence of leading industry players like Callaway, Titleist, and TaylorMade, all headquartered in the region, provides North America with a competitive edge in product innovation and brand loyalty. The rise of golf entertainment venues like Topgolf and the increasing popularity of simulator-based play have also contributed to growth by making the sport more accessible and appealing to a broader audience.
Golf Equipment Market Competitive Analysis
The golf equipment market is extremely competitive, new innovation, brand recognition, and athlete or sports person sponsorship helps to rise the demand of golf equipment in the market. Key players like Callaway, Acushnet (Titleist), TaylorMade, Ping, and Cobra lead the market with as they have strong presence across golf clubs, balls, bags, and accessories. These companies highly invest in research and development that enhances performance, integrating advanced materials and technology, such as AI-designed clubfaces or adjustable drivers. The golf market also sees seasonal sales variations, with high demand in warm months in U.S., Europe, and Japan.
New Growing brands and consumer facing startups are increasing the competition in the market by offering customizable equipment and using digital marketing to appeal to younger and price-sensitive golfers. Additionally, the growing popularity of indoor golf increases the participation in the sport, especially post-pandemic, are also reshaping demand dynamics. Titlest is the only company that balance between high-performance innovation, strong brand loyalty, and strategic distribution channels, both online and offline. Which strengthen its market presences
Golf Equipment Market |
|
Market Size in 2024 |
USD 9.25 Bn |
Market Size in 2032 |
USD 12.66 Bn |
CAGR (2025-2032) |
4.0 %. |
Historic Data |
2019-2024 |
Base Year |
2024 |
Forecast Period |
2024-2032 |
Segments |
By Type Golf Clubs Golf Balls Golf Bags Golf Gloves Golf Shoes Others |
By Distribution Channel Offline Online |
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and the Rest of Europe Asia Pacific – China, South Korea, India, Japan, Australia, Taiwan, Indonesia, Philippines, Malaysia, Vietnam, Thailand, Rest of Asia Pacific region Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Key players in Golf Equipment Market
North America
- Callaway Golf Company (USA)
- TaylorMade Golf Company (USA)
- Acushnet Holdings Corp. (Titleist, FootJoy) (USA)
- PING Inc. (USA)
- Cobra Golf (Puma) (USA/Germany – Puma HQ)
- Wilson Sporting Goods (USA)
- Bridgestone Golf (Japan)
- Cleveland Golf (SRI Sports Limited) (Japan)
- Odyssey Golf (Callaway subsidiary) (USA)
- Nike Golf (USA)
Europe
- Mizuno Golf (Japan)
- SRI Sports Limited (Dunlop, Srixon, Cleveland) (Japan)
- DESIGNER GOLF LTD (UK)
- Roger Cleveland Golf Company (USA – now part of Callaway)
- Forgan St Andrews (UK)
- Masters Golf (UK)
- Golf Tech Maschinenvertriebs GmbH (Germany)
Asia Pacific
- Sumitomo Rubber Industries (Srixon) (Japan)
- Golfers Edge (India)
- Yonex Co., Ltd. (Japan)
- Honma Golf (Japan)
- Ping An Insurance (indirect involvement in golf retail) (China)
Middle East & Africa
- Golf & Co (Israel)
Frequently Asked Questions
Rising global participation, tourism, tech innovation, and e-commerce adoption.
Golf clubs and balls lead, followed by apparel, footwear, and accessories.
North America leads, Asia-Pacific grows fastest, others depend on imports.
High costs, seasonality, counterfeits, and limited local manufacturing.
1. Global Golf Equipment Market Introduction
1.1. Study Assumptions and Market Definition
1.2. Scope of the Study
1.3. Executive Summary
2. Global Golf Equipment Market: Competitive Landscape
2.1. SMR Competition Matrix
2.2. Key Players Benchmarking
2.2.1. Company Name
2.2.2. Product Segment
2.2.3. End-user Segment
2.2.4. Revenue (2024)
2.2.5. Geographical Presence
2.3. Market Structure
2.3.1. Market Leaders
2.3.2. Market Followers
2.3.3. Emerging Players
2.4. Mergers and Acquisitions Details
3. Global Golf Equipment Market: Dynamics
3.1. Golf Equipment Market Trends
3.2. Golf Equipment Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. PORTER’s Five Forces Analysis
3.4. PESTLE Analysis
3.5. Regulatory Landscape by Region
3.6. Key Opinion Leader Analysis for the Global Industry
3.7. Analysis of Government Schemes and Initiatives for Industry
4. Global Golf Equipment Market: Global Market Size and Forecast By Segmentation (by Value USD Bn) (2024-2032)
4.1. Global Golf Equipment Market Size and Forecast, By Types (2024-2032)
4.1.1. Golf Clubs
4.1.2. Golf Balls
4.1.3. Golf Bags
4.1.4. Golf Gloves
4.1.5. Golf Shoes
4.1.6. Others
4.2. Global Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
4.2.1. Offline
4.2.2. Online
4.3. Global Golf Equipment Market Size and Forecast, By Region (2024-2032)
4.3.1. North America
4.3.2. Europe
4.3.3. Asia Pacific
4.3.4. Middle East & Africa
4.3.5. South America
5. North America Golf Equipment Market Size and Forecast By Segmentation (by Value USD Bn) (2024-2032)
5.1. North America Golf Equipment Market Size and Forecast, By Types (2024-2032)
5.1.1. Golf Clubs
5.1.2. Golf Balls
5.1.3. Golf Bags
5.1.4. Golf Gloves
5.1.5. Golf Shoes
5.1.6. Others
5.2. North America Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
5.2.1. Offline
5.2.2. Online
5.3. North America Golf Equipment Market Size and Forecast, By Country (2024-2032)
5.3.1. United States
5.3.2. United States Golf Equipment Market Size and Forecast, By Type (2024-2032)
5.3.2.1.1. Golf Clubs
5.3.2.1.2. Golf Balls
5.3.2.1.3. Golf Bags
5.3.2.1.4. Golf Gloves
5.3.2.1.5. Golf Shoes
5.3.2.1.6. Others
5.3.2.2. United States Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
5.3.2.2.1. Offline
5.3.2.2.2. Online
5.3.3. Canada
5.3.3.1. Canada Golf Equipment Market Size and Forecast, By Types (2024-2032)
5.3.3.1.1. Golf Clubs
5.3.3.1.2. Golf Balls
5.3.3.1.3. Golf Bags
5.3.3.1.4. Golf Gloves
5.3.3.1.5. Golf Shoes
5.3.3.1.6. Others
5.3.3.2. Canada Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
5.3.3.2.1. Offline
5.3.3.2.2. Online
5.3.4. Mexico
5.3.4.1. Mexico Golf Equipment Market Size and Forecast, By Types (2024-2032)
5.3.4.1.1. Golf Clubs
5.3.4.1.2. Golf Balls
5.3.4.1.3. Golf Bags
5.3.4.1.4. Golf Gloves
5.3.4.1.5. Golf Shoes
5.3.4.1.6. Others
5.3.4.2. Mexico Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
5.3.4.2.1. Offline
5.3.4.2.2. Online
6. Europe Golf Equipment Market Size and Forecast by Segmentation (by Value USD Bn) (2024-2032)
6.1. Europe Golf Equipment Market Size and Forecast, By Types (2024-2032)
6.2. Europe Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
6.3. Europe Golf Equipment Market Size and Forecast, By Country (2024-2032)
6.3.1. United Kingdom
6.3.1.1. United Kingdom Golf Equipment Market Size and Forecast, By Types (2024-2032)
6.3.1.2. United Kingdom Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
6.3.2. France
6.3.2.1. France Golf Equipment Market Size and Forecast, By Types (2024-2032)
6.3.2.2. France Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
6.3.3. Germany
6.3.3.1. Germany Golf Equipment Market Size and Forecast, By Types (2024-2032)
6.3.3.2. Germany Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
6.3.4. Italy
6.3.4.1. Italy Golf Equipment Market Size and Forecast, By Types (2024-2032)
6.3.4.2. Italy Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
6.3.5. Spain
6.3.5.1. Spain Golf Equipment Market Size and Forecast, By Types (2024-2032)
6.3.5.2. Spain Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
6.3.6. Sweden
6.3.6.1. Sweden Golf Equipment Market Size and Forecast, By Types (2024-2032)
6.3.6.2. Sweden Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
6.3.7. Russia
6.3.7.1. Russia Golf Equipment Market Size and Forecast, By Types (2024-2032)
6.3.7.2. Russia Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
6.3.8. Rest of Europe
6.3.8.1. Rest of Europe Golf Equipment Market Size and Forecast, By Types (2024-2032)
6.3.8.2. Rest of Europe Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7. Asia Pacific Golf Equipment Market Size and Forecast by Segmentation (by Value USD Bn) (2024-2032)
7.1. Asia Pacific Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.2. Asia Pacific Global Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7.3. Asia Pacific Golf Equipment Market Size and Forecast, By Country (2024-2032)
7.3.1. China
7.3.1.1. China Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.3.1.2. China Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7.3.2. S Korea
7.3.2.1. South Korea Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.3.2.2. South Korea Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7.3.3. Japan
7.3.3.1. Japan Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.3.3.2. Japan Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7.3.4. India
7.3.4.1. India Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.3.4.2. India Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7.3.5. Australia
7.3.5.1. Australia Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.3.5.2. Australia Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7.3.6. Indonesia
7.3.6.1. Indonesia Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.3.6.2. Indonesia Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7.3.7. Philippines
7.3.7.1. Philippines Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.3.7.2. Philippines Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7.3.8. Malaysia
7.3.8.1. Malaysia Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.3.8.2. Malaysia Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7.3.9. Vietnam
7.3.9.1. Vietnam Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.3.9.2. Vietnam Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7.3.10. Thailand
7.3.10.1. Thailand Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.3.10.2. Thailand Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
7.3.11. Rest of Asia Pacific
7.3.11.1. Rest of Asia Pacific Golf Equipment Market Size and Forecast, By Types (2024-2032)
7.3.11.2. Rest of Asia Pacific Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
8. Middle East and Africa Golf Equipment Market Size and Forecast by Segmentation (by Value USD Bn) (2024-2032)
8.1. Middle East and Africa Golf Equipment Market Size and Forecast, By Types (2024-2032)
8.2. Middle East and Africa Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
8.3. Middle East and Africa Golf Equipment Market Size and Forecast, By Country (2024-2032)
8.3.1. South Africa
8.3.1.1. South Africa Golf Equipment Market Size and Forecast, By Types (2024-2032)
8.3.1.2. South Africa Global Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
8.3.2. GCC
8.3.2.1. GCC Golf Equipment Market Size and Forecast, By Types (2024-2032)
8.3.2.2. GCC Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
8.3.3. Nigeria
8.3.3.1. Nigeria Golf Equipment Market Size and Forecast, By Types (2024-2032)
8.3.3.2. Nigeria Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
8.3.4. Rest of ME&A
8.3.4.1. Rest of ME&A Golf Equipment Market Size and Forecast, By Types (2024-2032)
8.3.4.2. Rest of ME&A Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
9. South America Golf Equipment Market Size and Forecast by Segmentation (by Value USD Bn) (2024-2032)
9.1. South America Golf Equipment Market Size and Forecast, By Types (2024-2032)
9.2. South America Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
9.3. South America Golf Equipment Market Size and Forecast, By Country (2024-2032)
9.3.1. Brazil
9.3.1.1. Brazil Golf Equipment Market Size and Forecast, By Types (2024-2032)
9.3.1.2. Brazil Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
9.3.2. Argentina
9.3.2.1. Argentina Golf Equipment Market Size and Forecast, By Types (2024-2032)
9.3.2.2. Argentina Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
9.3.3. Colombia
9.3.3.1. Colombia Golf Equipment Market Size and Forecast, By Type (2024-2032)
9.3.3.2. Colombia Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
9.3.4. Chile
9.3.4.1. Chile Golf Equipment Market Size and Forecast, By Type (2024-2032)
9.3.4.2. Chile Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
9.3.5. Rest Of South America
9.3.5.1. Rest of South America Golf Equipment Market Size and Forecast, By Type (2024-2032)
9.3.5.2. Rest of South America Golf Equipment Market Size and Forecast, By Distribution Channel (2024-2032)
10. Company Profile: Key Players
10.1 Callaway Golf Company
10.1.1 Company Overview
10.1.2 Business Portfolio
10.1.3 Financial Overview
10.1.4 SWOT Analysis
10.1.5 Strategic Analysis
10.1.6 Recent Developments
10.2 TaylorMade Golf Company
10.3 Acushnet Holdings Corp.
10.4 PING Inc
10.5 Cobra Golf
10.6 Wilson Sporting Goods
10.7 Bridgestone Golf
10.8 Cleveland Golf
10.9 Odyssey Golf
10.10 Nike Golf
10.11 Mizuno Golf
10.12 SRI Sports Limited
10.13 DESIGNER GOLF LTD
10.14 Roger Cleveland Golf Company
10.15 Forgan St Andrews
10.16 Masters Golf
10.17 Golf Tech Maschinenvertriebs GmbH
10.18 Sumitomo Rubber Industries
10.19 Golfers Edge
10.20 Yonex Co., Ltd.
10.21 Honma Golf
10.22 Ping An Insurance
10.23 Golf & Co
11. Key Findings
12. Industry Recommendations
13. Golf Equipment Market: Research Methodology