What is the global golf ball market size?
The global golf ball market size was valued at USD 1.11 billion in 2017 and is projected to register a CAGR of 2.7% from 2018 to 2025. Promotion of golf tourism, construction of new golf courses, and rising consumer disposable income are some of the key market drivers.
Who are the top key players in the global golf ball market?
Golf Ball Market 2022 Global Industry research report presents you analysis of market size, share, and growth, trends, and cost structure, statistical and comprehensive data of the global market. Top Key Players are - Titleist, TaylorMade Golf, Dicks, Callaway, Bridgestone, Volvik, Srixon, Slazenger.
How big is the golf industry in the US?
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. 15. The golf apparel market is set to grow by 4% in 2020–2024.
What is the forecast period of golf ball market research report?
Due to the COVID-19 pandemic, the global Golf Ball market size is estimated to be worth USD 971. 4 million in 2021 and is forecast to a readjusted size of USD 930. 9 million by 2028 with a CAGR of -0. 6% during the forecast period 2022-2028.
How big is the golf ball market?
The Global Golf Ball Market size was estimated at USD 561.78 million in 2020 and expected to reach USD 607.63 million in 2021, at a CAGR 8.59% to reach USD 1,000.40 million by 2027.
How much is the golf equipment industry worth?
USD 6.65 billionb. 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.
How many golf balls are sold each year?
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.
What company sells the most golf balls?
Callaway Golf Announces Highest Golf Ball Market Share In Company History.
How much is the 2020 golf Industry?
The US golf industry statistics show that the country clubs & golf courses boasted quite the income. 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 big of an industry is golf?
Golf is a nearly $70 billion industry.
How do I start a golf ball business?
0:144:32How To Start A Golf Ball Retrieval Business - YouTubeYouTubeStart of suggested clipEnd of suggested clipAnd the second is going to a local golf. Course all right and go into a local course. And what youMoreAnd the second is going to a local golf. Course all right and go into a local course. And what you can do is you can build a relationship with the owners all right as a third-party outsource.
How many golf balls are in the US?
This New York Times blog piece by Bill Pennington resonated with me. Pennington wrote: No one knows for sure how many golf balls are lost each year worldwide, though the total in the United States is estimated at 300 million.
How many companies make golf balls?
Six of the seven major golf ball brands are made in the United States. Some brands, like Nike, will outsource their ball production to another manufacturer like Bridgestone.
How many golf balls does Titleist make a day?
1 million golf ballsIn all, on average, Titleist produces 1 million golf balls per production day in those four facilities combined, with 80 percent of those balls made in the United States.
What is the most used golf ball in the world?
The latest stats show that 69% play a Titleist golf ball. At The Memorial Tournament for 2021 that finished very recently, 83% of the players put Titleist golf balls into play, against their closest competitor with 12%.
Which golf ball is most popular?
The best golf balls, in order of preferenceTaylorMade Tour Response. A premium ball for average players. ... Titleist Pro V1. The best golf ball for distance, but with short game control. ... Callaway Chrome Soft Golf Balls. ... Wilson Staff Model R. ... TaylorMade TP5x. ... OnCore Vero X2. ... Titleist AVX. ... Vice Pro Soft.More items...
How much does the average golfer spend per year?
Golf reviewer, Jason Scott Deegan, estimates that a year of golf can cost $832–$3,454 for junior players and $1,849–$3,349 for adult golfers. Meanw...
Is the number of golfers increasing?
Yes, in the short term. In the long term, though, there’s an overall decline. According to the National Golf Foundation, there was a net increase o...
How much is the golf industry worth?
The National Golf Foundation estimated the industry’s worth to be $84 billion in 2019. In terms of golfing equipment, the report claims that the cl...
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 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 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.
What rules dictated one rider per cart or no carts allowed on golf courses at all?
Social distancing rules dictated one rider per cart or no carts allowed on golf courses at all. So, demand rose for the kind of transport that would allow both comfort and the mandated distance.
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.
Why are golf balls cancelled?
Coronavirus crisis has disrupted the production of golf ball due to lockdown and stoppage of manufacturing. All the major events in golf sports such as PGA tour, Masters Tournaments have been postponed or cancelled due to rising number of corona cases across the globe.
What is driving the growth of golf?
Increasing income levels especially among middle-class age group is primarily driving the growth of golf sport. Moreover, significant government investment in building golf course is also promoting the growth of golf among tourists. Various hotels, and resort owners organize trips and holidays to attract consumers, which is projected to bolster the market growth.
Which countries are the top 20 golfing countries in the world?
In 2017, Asia Pacific accounted for a market share of around 27.0% in the overall market. China and India are listed in the top 20 countries in the world for golf and are mainly contributing to regional growth.
Why is golf declining?
This decline is due to diminishing interest among young adults as the golf sport requires longer duration of time to complete a single game. These factors may hamper the market growth.
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 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.
Global Golf Ball Market Report Segments
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Highlights of The Golf Ball Market Report
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.