Full Answer
What is the market size of the Golf Club industry?
Report Overview The global golf club market size was valued at USD 3.66 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2020 to 2027. The market is majorly driven by the growing popularity and adoption of golf as an active sport.
How many new golf players are there each year?
According to a report by the National Golf Foundation (NGF), in 2015, the number of new golf players rose to about 2.5 million, nearly a 14.0% increase. This number was an all-time high, breaking the previous record of 2.4 million in 2000 when Tiger Woods was at the peak of his career.
How much do you know about the world’s top golf brands?
In 2019, total golf equipment wholesale sales in the U.S. including golf clubs and balls amounted to more than 2.3 billion U.S. dollars. The leading golf equipment/apparel companies in the world include Acushnet, Callaway Golf, as well as NIKE golf. In 2020, worldwide revenue of Callaway Golf amounted to almost 1.6 billion U.S. dollars.
How many golf courses are there in the world?
In America, U.S has the maximum number of golf courses, which counts around 15,332 followed by other countries such as Canada with 2,363 golf courses, Mexico with around 200, Brazil with 75, and Argentina with 319.
Which company sells the most golf clubs?
Callaway Callaway Golf is the largest golf equipment manufacturing company in the United States, specializing in golf clubs, bags, balls, apparel, and gloves. Callaway has a well-established brand identity and is known for producing premium golf equipment.
How big is the golf market?
The global golf club market size was valued at USD 3.66 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2020 to 2027. The market is majorly driven by the growing popularity and adoption of golf as an active sport.
How many golf balls are sold each year in the US?
Overall, it is estimated that over 1.2 billion golf balls are sold each year, and that number is slowly trending on the rise year over year. 1.2 billion golf balls equates to 108 million dozens of golf balls sold each year.
Is there a golf club shortage?
No type of golf club has been able to avoid the sever backlog in golf's supply chain. While pandemic has both helped and hindered the golf industry, 2022 looks to be equally as challenging amid a wave of demand that would have brought the supply chain to its knees without a global pandemic to deal with.
How profitable is the golf industry?
The game is big business, directly driving $84.1 billion in economic activity across the U.S. in 2016, according to a study commissioned by the World Golf Foundation. The findings reflect a 22% increase from $68.8 billion in 2011, the last time the U.S. Golf Economy Report was released.
How much is the golf industry worth 2021?
14. The US country club and golf course industry are growing. Going by available revenue data, the country club and golf course market in the US is worth $25.8 billion as of February 11 this year. Moreover, projected golf industry statistics for 2021 show a growth expectation of 1.5% for the year.
How many golf balls are lost per day?
One read : " The average golfer loses two balls per round. That means that every day, there are 4.2 million lost golf balls.
How many golf balls do people lose?
According to some digging in an article from GOLF's own Dylan Dethier, avid golfers lose 1.3 balls per round. If you're playing frequently, that can add up quick.
How big is the golf ball industry?
In 2020, the global Golf Ball market size was USD 971.4 million and is forecast to 936.9 million US in 2027, growing at a CAGR of -0.6% during the 2021-2027.
Are golf clubs hard to find right now?
Golf clubs and grips are in short supply due to global supply chain issues, Bloomberg reports. The shortages come at a time when golf is exploding in popularity due to the pandemic. 2020 saw the biggest net increase in golfers in 17 years, according to the National Golf Foundation.
Is Ping making clubs again?
The answer to that question is no. Although they did come out with a driver in late 2019, the Ping G410 LST model. They were initially slated to have a new model come out in the fall of 2020, but as a result of the shut downs due to COVID-19, that introduction is going to be pushed back to early 2021.
Will Ping have new irons in 2021?
At the 2021 Zurich Classic of New Orleans in late April, Ping staffer Viktor Hovland debuted unreleased Ping i59 irons in the bottom part of his set (7-PW). Although Ping has yet to discuss the i59 designs, technologies, or possible public release, the iron has continued to pick up steam on the PGA Tour.
How big is the golf apparel industry?
The global golf clothing market size was valued at $834.1 million in 2020, and is projected to reach $1,554.3 million by 2030, registering a CAGR of 6.0% from 2021 to 2030. Golf clothing are sports apparel that are worn by a user mainly during playing golf.
How much money is spent on golf equipment each year?
When asked how much they spend on golf equipment annually, the majority (43.8%) said between $500-$1,000. That barely beat out a group of 40.1% that said it spends less than $500 a year. Only 13.4% said between $1,000-$2,000, and just 2.7% said more than $2,000.
How many golf shops are in the US?
Whereas the US golf market once had more than 1,600 Off Course Specialty stores, today only +/-750 remain.
What is Titleist market share?
Titleist's 'premium' brands are at their highest value share for over 13 years, accounting for 37.4% of the total golf ball market. Within the 'performance' category, trust in Titleist also continues to grow, contributing to a 14.3% share of the market for the Tour Soft, DT TruSoft and Velocity golf ball models.
How big is the golf club market?
The golf club market size was estimated at USD 3,658.6 million in 2019 and is expected to reach USD 3,684.2 million in 2020. Read More
What is the golf club market growth?
The golf club market is expected to grow at a compound annual growth rate of 2.5% from 2020 to 2027 to reach USD 4,447.9 million by 2027. Read More
Which segment accounted for the largest golf club market share?
North America region dominated the golf club market with a share of 45.3% in 2019. This is attributable to the growing consumer interest in golf as...
Who are the key players in the golf club market?
Some key players operating in the golf club market include Callaway Golf Company; Acushnet Holdings Corp.; PING; and Sumitomo Rubber Industries, Lt...
What are the factors driving the golf club market?
Key factors that are driving the market growth include the rising number of golfers and the growing trend of developing golf courses by hotels. Rea...
What is the total market value of Golf equipment market report?
The global golf equipment market size was valued at $7,041.3 million in 2020, and is projected to reach $10,150.3 million by 2030, registering a CA...
What would be forecast period in the market report?
The forecast period in the golf equipment market report is from 2021 to 2030. Read More
What is the market value of Golf equipment market in 2020?
The global golf equipment market size was valued at $7,041.3 million in 2020. Read More
Which is base year calculated in the Golf equipment market report?
The base year calculated in the golf equipment market report is 2020. Read More
Which are the top companies hold the market share in Golf equipment market?
The top companies that hold the market share in golf equipment market are Acushnet Holdings Corp., Roger Cleveland Golf Company, Inc., Golfsmith In...
Which is the most influencing segment growing in the Golf equipment market report?
The golf clubs segment is the most influencing segment growing in the golf equipment market report. Read More
What are the key trends in the Golf equipment market report?
Golf is a high revenue sport that is prompting a surge in the construction of golf courses and clubs. In addition, technical developments in golf c...
What are the market values / growth % of emerging countries?
. U.S. was the highest revenue contributor with $2,953.3 million in 2020, and is estimated to reach $3,813.6 Million by 2030, registering a CAGR of...
How much is golf club sales in 2020?
In 2020, wholesale sales of golf clubs amounted to about 1.41 billion U.S. dollars.
How much was golf equipment sold in the US in 2020?
This statistic depicts the manufacturers (wholesale) sales of golf equipment in the United States from 2007 to 2020. In 2020, wholesale sales of golf clubs amounted to about 1.41 billion U.S. dollars.
How much is golf equipment sold in the US?
In 2019, total golf equipment wholesale sales in the U.S. including golf clubs and balls amounted to more than 2.3 billion U.S. dollars.
How much money will golf clubs make in 2024?
Revenue from golf course and country clubs is projected to reach approximately 24.65 billion U.S. dollars in the United States by 2024. As of 2019, the number of golf participants in the U.S. stood at approximately 24.3 million.
What are the leading golf equipment companies?
The leading golf equipment/apparel companies in the world include Acushnet, Callaway Golf, as well as NIKE golf. In 2020, worldwide revenue of Callaway Golf amounted to almost 1.6 billion U.S. dollars. The Royal Troon Golf Club in Glasgow, Scotland is the leading golf course management company and currently owns 278 golf courses worldwide in 2020.
What is the market size of golf equipment?
The global golf equipment market size was valued at $8,156 million in 2016, and is expected to reach $9,666 million by 2023, registering a CAGR of 2.2% from 2017 to 2023.
Which country dominated the golf equipment market in 2016?
North America dominated the global market in 2016 and is expected to maintain this trend throughout the forecast period. U.S. dominated the North America golf equipment industry, as golf is one of the biggest recreation sports for the people in the country, thereby contributing to the country's golf equipment market.
What is golf equipment?
Golf is a prime recreational sport popular among businessmen and amateur players. The equipment used in this sport are known as golf equipment, which include a variety of products, such as golf clubs, golf balls, golf shoes, golf tees, caps, and gloves.
What is the global golf equipment industry?
The global golf equipment industry is driven by increase in golf tourism, owing to considerable setup of golf courses worldwide, growth of the middle-class population, and rise in number of professional and amateur female golfers. However, adoption of other games, including indoor sports, such as chess, badminton, table tennis, and others, ...
How many women golf in 2012?
As of 2012, according to the National Golf Foundation, more than 19% of golfers in the world are women, and 25% of women golf tourists constitute the golf sector only in New Zealand. Golf as a sport is witnessing growth in Asia-Pacific. For instance, the women in China are opting to play golf as a leisure activity.
Why are golf shoes so popular?
Golf shoes are expected to grow at the fastest rate in the golf equipment market, because consumers, particularly golf players, are demanding comfortable and lightweight, yet fashionable shoes for usage on wet, rough, and soft ground. In addition, few manufacturers have developed advanced featured shoes.
Is golf a sport in China?
The adoption of golf as a sport is increasing steadily in China. In 2016, at the Rio Olympics, golfer Feng Shanshan represented the country and won a bronze medal, thus enforcing the government to support this sport.
How many people will play golf in 2020?
played golf – both on-course and off-course – in 2020. This includes 24.8 million people who played on a golf course and another 12.1 million who participated exclusively in off-course golf activities at places like driving ranges, indoor golf simulators or golf entertainment venues like Topgolf and Drive Shack.
What percentage of golfers are women?
0 %. of on-course golfers are women. Females represent a disproportionately higher percentage of juniors (34%), beginners (36%) and off-course participants (45%) than they do in the overall golf population. Latent Demand.
How many golfers will be there in 2020?
In 2020, the U.S.NGF (National Golf Foundation) witnessed ~24.8 million golfers in the U.S., representing a rise of nearly 2% or 500,000 compared to 2019, the largest net increase recorded in 17 years. Increase in number of golf courses is supported by rise in number of people, who have inclined interest toward golf.
How much is the golf cart market worth?
A. The global golf cart market was valued at $1.35 billion in 2020, and is projected to reach $1.79 billion by 2028, registering a CAGR of 3.9% from 2021 to 2028
What are the key growth strategies adopted by the golf cart industry players?
A. The key growth strategies adopted by the golf cart industry players includes product launch, business expansion, collaboration. These strategies opted by various industry players is leading to the growth of the golf cart market as well as the players.
How fast is a golf cart?
It is also known as non-highway or off-road vehicle with the average speed between 25 and 50 kmph.
How many people will be in the world in 2020?
There has been an increase in the global population and presently, global population in 2020 crossed 7.8 billion. Every year, the global population grows approximately by 43 million. This boom in population creates many opportunities for many businesses and this is also true for the global golf cart market.
Why are golf courses closed?
Amid COVID-19 pandemic, golf courses were being forced to remain closed due to lockdown and social distancing measures, resulting in sharp drop in number of rounds played at the beginning of 2020, which resulted in decline in sales of golf carts.
Which region is leading the golf cart market?
A. North America region is leading the market presently in terms of revenue. However, Asia-Pacific region is expected to provide more business opportunities for the key players operating in the global golf cart market.
How many golf courses are there in Scotland?
Scotland hosts 560 courses, Ireland has 405 and Wales has 145 courses. Noticeably, compared to other nations, the number of golf courses appears to decrease slowly in all UK countries. When it comes to the number of registered golf players, England is also ahead in all of Europe, with approximately 656 thousand players, ...
What is the most popular sport in the UK in 2020?
Research expert covering sports & recreation in the UK & Europe. Get in touch with us now. , Nov 16, 2020. Golf is one of the more popular sports across the United Kingdom (UK). In all of Europe, England has the highest number of registered golf courses as of 2017 by far, with a total of 1,872, followed by Germany with 731, ...
Is golf as popular in Northern Ireland?
In Northern Ireland, playing golf is almost as popular as playing football and the majority of golfers are male adults, at roughly 69 percent. This text provides general information. Statista assumes no liability for the information given being complete or correct.
