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.
Who are the leading manufacturers of golf clubs?
The market is dominated by players like Acushnet Holdings Corp., Callaway Golf Company, Nike Inc., Bridgestone Corporation, and Sumitomo Rubber Industries. The companies are adopting competitive strategies, by investing more to develop new technologies for the production of golf equipment.
How competitive is the golf equipment market?
The golf equipment market is highly competitive. The market is dominated by players like Acushnet Holdings Corp., Callaway Golf Company, Nike Inc., Bridgestone Corporation, and Sumitomo Rubber Industries. The companies are adopting competitive strategies, by investing more to develop new technologies for the production of golf equipment.
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 much money will golf clubs make in 2024?
What are the leading golf equipment companies?
When did golf become a sport?
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Who has the biggest market share in golf?
North America dominated the market for golf clubs with a share of 45.3% in 2019....Some of the prominent players in the golf club market include:Callaway Golf Company.Acushnet Holdings Corp.PING.Sumitomo Rubber Industries, Ltd.TAYLORMADE GOLF COMPANY, INC.MIZUNO Corporation.Amer Sports.Bridgestone Corporation.More items...
What golf Company sells the most clubs?
Callaway Callaway Golf is the largest golf equipment manufacturing company in the United States, specializing in golf clubs, bags, balls, apparel, and gloves.
How big is the golf industry market?
b. The global golf equipment market size was estimated at USD 6.65 billion in 2019 and is expected to reach USD 6.85 billion in 2020.
What city has the most golf courses?
#1. Naples-Immokalee-Marco Island, FLGolf courses and country club establishments per 100,000 people: 17.9.Establishments located in metro: 69.Metro population: 384,902.
What is the most popular golf brand?
TaylorMade And these days TaylorMade is arguably the most popular brand on the PGA tour, with an impressive roster of pros including Tiger Woods, Jon Rahm, Rory McIlroy, Dustin Johnson, and Rickie Fowler carrying TaylorMade clubs in their golf bags.
What are the most popular golf clubs?
What Golf Clubs Are Used The Most?Golf ClubPercent Of ShotsPutter53%Wedges19%Driver17%7 Iron4%1 more row
Where is golf most popular in the US?
MinnesotaHow does your state compare?RankStateSearch Popularity1Minnesota1002South Carolina993Michigan964Wisconsin9347 more rows•Dec 26, 2016
What is the state of the golf industry?
More than 24.8 million people played golf in the U.S. in 2020, up more than 2% year-over-year and the largest net increase in 17 years. Golf equipment and apparel has seen massive growth, with golf brands like Callaway and Titleist notching record sales.
Which golf Company makes the most money?
the Callaway Golf CompanyWhile net sales of both the Callaway Golf Company and the Acushnet Company were extremely close one year earlier, at more than 3.1 billion U.S. dollars, Callaway was the clear front-runner in 2021.
What is the golf capital of the world?
Myrtle BeachWelcome to Myrtle Beach: the Golf Capital of the World Myrtle Beach, South Carolina has earned the nickname “Golf Capital of the World,” and is home to over 80 award-winning golf courses set along more than 60 miles of Carolina coastline.
Where is golf most popular in the world?
1. IRELAND. Despite the fact that golf was invented in Scotland, their next door neighbor, Ireland, is the most popular country for the sport.
Which city in America has the most golf courses?
Golf is a popular past time played by many Americans in many different cities in the United States. Of course, some cities are home to more golf courses than others. In 2020, Aurora, CO had the greatest density with 2.7 golf courses per 10,000 residents.
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...
Golf Market Research Reports & Industry Analysis
2022 Golf Courses and Country Clubs Global Market Size & Growth Report with COVID-19 Impact. Jun 16, 2022 | USD 295... share across 4 global regions, 22 subregions, and 216 countries.
2022 Golf Courses & Country Clubs Industry Statistics & Market Research ...
Market Size & Industry Statistics. The total U.S. industry market size for Golf Courses & Country Clubs: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
2022 Golf Courses & Country Clubs Industry Statistics & Market Research ...
Market Size & Industry Statistics. The total U.S. industry market size for Golf Courses & Country Clubs: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Essential Golf Industry Statistics to Learn in 2022
Golfing has this perception of being an elitist sport only rich people can play. How much of that is true - check out this article on golf industry statistics.
The Trends Shaping the Golf Industry Outlook for 2022
1. The Impact of COVID-19 on Golf. Even with a range of safety precautions, no ball washer, closed clubhouse, rakes in sand traps, golf is one of the sports best positioned to weather the COVID-19 pandemic through social distancing norms.
Which country has the largest golf clubs market?
North America holds the largest market share for golf clubs, followed by East Asia. East Asia golf clubs sales are dominated by Japan, which has a large number of golf courses. Moreover, golf club manufacturing companies in Japan have high concentration as compared to other East Asian countries.
What is the golf club market?
Golf Club Market is segmented by Products that is Golf Clubs Drivers, Golf Clubs Fairways, Golf Clubs Hybrids, Golf Clubs Irons, Golf Clubs Wedges, Golf Clubs Putters also by hand orientations that is Left-handed Clubs, Right-handed Clubs and by its price that is Premium or High, Economy or Mid-range.
Why should manufacturers focus on lightweight golf clubs?
Manufacturer could focus on lightweight golf clubs, owing to increased participation of female golfers and amateurs across the world.
How have golf clubs evolved?
Golf clubs have evolved immensely with time and technology. At present, golf club manufacturers are focused on technology-based golf clubs that are also lightweight. The usage of smart sensors aids swings and accuracy, and allows the golf club to be connected with a smartphone app.
What is golf customization?
Golf customization is another technology that analyses thousands of combinations to figure out what is right for each player. It analyses players’ swing speed to angle of impact. Such innovative technologies are expected to push the growth of the golf club market over the coming years.
What age group plays golf?
Golf is gaining traction among all consumer demographics, especially females. Gen-x (age 39 to 54) and baby boomers (age 55 to 73 ), are considered as the primary driver for golf as a sport, and these groups prefer to play with lightweight golf clubs.
Who manufactures golf clubs?
Key manufacturers in the golf club market such as Acushnet Holdings Corp., Callaway Golf Company, and TaylorMade Golf Company, Inc. are prioritizing innovation and new product development to gain a competitive edge in the market.
Global Golf Clubs Market: Overview
The rising popularity as well as acceptance of golf as an energetic activity is likely to drive growth of the global golf clubs market in the near future. Furthermore, luxury hotels and resorts are adding to their athletic activities, such as golf, within their hospitality amenities.
Global Golf Clubs Market: Notable Developments
Acushnet Holdings Corp. released the new Titleist Tour Speed golf ball in 2020. It is a thermoplastic urethane-covered, multilayer golf ball offering excellent long-game distance and pinpoint short-game handling.
Global Golf Clubs Market: Key Trends
Below-mentioned market trends and opportunities mark the global golf clubs market:
Innovation in the Golf to Attract Younger Generation is Likely to Drive Growth of the Market
Golf is still regarded as a highly conventional and formal activity by most millennials, and so it is still regarded as a very formal and structured sport, which does not match with the millennial attitude. It is critical to reestablish golf as a game for everybody in order to keep the spirit of the game alive.
Global Golf Clubs Market: Geographical Analysis
In 2019, North America dominated the global golf club market and the region is likely to lead the market over the forecast period, from 2021 to 2031. Unlike clubs and private facilities, 77 % of golf facilities in North America are available to fee-paying golfers on a per-round basis, according to the R&A.
What are the major players in the golf equipment market?
The market is dominated by players like Acushnet Holdings Corp., Callaway Golf Company, Nike Inc., Bridgestone Corporation, and Sumitomo Rubber Industries. The companies are adopting competitive strategies, by investing more to develop new technologies for the production of golf equipment. These players differentiate their products in terms of design (size and weight) and quality to gain a competitive advantage. Furthermore, the leading companies have adopted strategic expansion as their key strategy in order to broaden their geographical presence and customer base. For instance, in 2017, Samsung and TaylorMade collaborated to develop a specific myRoundPro experience that utilizes the features of the compatible Samsung Gear devices to provide consumers with a unique experience.
What countries are in the Asia Pacific golf market?
Rise in Demand for Golf Equipment from Asia-Pacific. The Asia-Pacific golf equipment market is led by Japan, followed by China, South Korea, and Thailand, among the other countries in the region. As of 2017, Asia-Pacific had approximately 4,570 golf facilities and accounted for 14% of the overall global market.
What is the titleist golf ball?
It is a multilayer, thermoplastic urethane-covered golf ball, providing exceptional distance in the long game and precise short game control.
How many golf courses are open to the public?
Most of these courses belong to private clubs, golf-centric real estate places, and golf resorts. More than 30,000 golf facilities, worldwide, and more than 70% of these are open to the public, and hence, are largely accessible.
What is the scope of golf?
Scope of the Report. Golf is a club-and-ball sport in which players use various clubs to hit balls into a series of holes on a course in as few strokes as possible. The study on the golf equipment market covers a range of product types, such as golf clubs, golf balls, golf bags and accessories, apparel, and footwear, and distribution channels, ...
Where is golf played?
Golf is mostly being played in the Americas, Europe, and Oceanian countries, which were highly impacted by the pandemic resulting in a decline in the equipment market. However, the situation started to improve after mid-year with improved sales and market growth. The market is highly impacted by product innovations carried out by ...
Is golf tourism growing?
With the substantial growth of the golf tourism industry, the market is anticipated to have a positive outlook in the coming years. European countries are expected to invest heavily in the infrastructural enhancements pertaining to the game and host many international golf events and competitions.
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.
When did golf become a sport?
Since its emergence as a major spectator sports in the 1920s, golf has grown to become not only a popular recreational activity but also a sport with a major economic impact .
How much is the golf course market worth in 2021?
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 much is the golf industry worth in 2020?
According to IBISWorld’s report from 2020, the market was worth $25,362.5 million that year, and it is expected to keep growing.
How many golfers will be in England in 2020?
There were 883,500 total golfers in England in 2020. (Statista) In May 2020, there were 883,500 active adult golf players in England (“adult” applied to golfers aged 16 and over). In the report, “active” meant that they played at least twice in the last 28 days.
What is the global golf apparel market?
The global market for golf apparel, footwear, and accessories is expected to experience a CAGR of 4% during 2020–2024, according to a market analysis by Technavio. The golf apparel industry statistics featured in the report predict an incremental growth of $2.82 billion.
How many people play golf in 2020?
In 2020, the number of Americans who golfed on- and off-course was almost the same. So, 24.3 million people played on proper golf courses, of which 10.9 million played on-course only.
Why is golf so popular in 2020?
Golf has surged in popularity in the latter half of 2020. This is because people were looking for socially distanced outdoor activities amidst the pandemic. A 13.9% increase in rounds played meant increased revenue from green fees as well.
Is there an increase in nighttime golf?
There has been an increase in nighttime golf games, especially on the weekends. At facilities and venues that feature night golf offers, the rise in play was even more significant than the increase in daytime rounds.
How much is the golf cart market worth in 2020?
The golf cart market was valued at USD 1.86 billion in 2020, and it is expected to reach USD 2.52 billion by 2026. The golf cart market is anticipated to register a CAGR of about 5.01 % during the forecast period (2021-2026).
Why is golf becoming more popular?
Due to consumer interest in recreational activities, golf is becoming more popular every day. There were 38,081 golf courses in 2020, split across 206 of the world's 251 countries, suggesting an 82 percent global diffusion rate of this sport. In order to meet public demand, the number of golf courses and clubs is increasing at a rapid pace, which is expected to boost demand for golf carts internationally. The demand for golf carts hugely depends on the golf course infrastructure. A good infrastructure provides a good base for a good market. For instance, in the United States, there are approximately 15,000 facilities, 24 million golfers, and about 450 million rounds played.
What is a golf cart?
Golf carts help in moving golf equipment, along with various goods for maintenance, from one place to another. Golf cart provides all kinds of luxury and customization, according to the needs of the court, such as course maintenance, food and beverage, and commuting.
What are the latest technologies in golf carts?
The inclusion of the latest technologies, like GPS mapping, electric motors, autonomous driving, etc., is also pushing the sales of golf carts across the world. As most vehicles turning electric, golf carts are also taking part in the transition towards electric mobility in whatever application they are being put to use.
What is Club Car's partnership with ezlocator?
In August 2021, Club Car announced its partnership with ezLocator, the industry leader in daily pin placement management. This new partnership enables golfers to enjoy exact yardages seamlessly through the cloud with the new integration.
Is golf popular in all ages?
Golf is becoming more popular among people of all ages and genders , including women, children, and even golfers above the age of 65. Previously, only adult males dominated this sport. However, in many nations, the sport now attracts a large number of participants from the upper classes.
Is golf cart market fragmented?
The golf cart market is fragmented, owing to the presence of several regional players. For instance, major players include Yamaha Golf-Car Company, Club Car LLC, Textron Inc, HDK Electric Vehicles, GuangDong Lvtong New Energy Electric Vehicle Technology Co., LTD, and others. The companies are expanding their presence by partnering with other players and golf courses to introduce the latest features to their products. For instance,
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.
When did golf become a sport?
Since its emergence as a major spectator sports in the 1920s, golf has grown to become not only a popular recreational activity but also a sport with a major economic impact .
