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.
What is the value of my golf clubs?
There are two types of values applied to golf clubs: the private market value and the trade in value. The private market value is what individual buyers will pay and the trade in value is what companies that intend to resell your clubs for a profit will pay. Here’s how to find them: Private market value: Search eBay and filter by sold items.
How much money does the golf industry make a year?
There are nearly 2 million Americans employed in the industry, with $55.6 billion in annual wage income Golf generated more than $3.9 billion for charity in 2014. Who’s playing?
What is the future of the golf industry?
The golf course industry was dominated by US companies in 2020. The golf apparel market is set to grow by 4% in 2020–2024. Recent mini-golf industry statistics reveal declining interest. Stats on the golf cart industry hold a positive outlook. In Canada, there are 180 golf equipment stores as of December 2020.
How much is the golf club 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 clubs and balls market was worth $2.7 billion in 2018.
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 much is the golf ball market worth?
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. Market Statistics: The report provides market sizing and forecast across five major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF.
How big is the golf ball market?
Industry Insights 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.
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.
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 many golf balls are sold per year?
Shienfield estimates that companies like his and others in the market recycle and sell over 100 million balls a year. That figure doesn't account for those balls that golfers find themselves and reuse.
How many golf balls does Titleist sell a year?
Acushnet Holdings Corp. revenue by segment worldwide from 2014 to 2021 (in million U.S. dollars)CharacteristicTitleist golf ballsTitleist golf clubs2019551.6434.42018523.97445.342017512.04397.992016513.9430.974 more rows
How much is a Titleist golf ball worth?
Golf Ball Price ChartGolf Ball ModelGolf Ball Price As TestedTitleist ProV1$49.99Titleist ProV1x$49.99TITLEIST TOUR SPEED$39.99Titleist Velocity$34.99174 more rows
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.
Where does lost golf balls get their balls?
Where do you get your golf balls? We work with many premium golf courses across the country to retrieve lost golf balls. Some of these courses include PGA Tour sites. We also buy golf balls from people who have collected thousands and need to get rid of them.
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 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 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...
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.
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.
What is the market for golf clubs in 2019?
North America dominated the market for golf clubs with a share of 45.3% in 2019. As per R&A, in North America, 77.0% of the golf facilities are open to fee-paying golfers on a per-round basis, unlike the scenario in private facilities and clubs. This, in turn, increases the number of participants, thereby increasing the scope of golf equipment, such as clubs, in the region. According to the National Golf Foundation, in 2018, 33.5 million Americans aged 6+ have played golf both on-course and off-course.
How is golf popular?
In terms of revenue, golf clubs used for leisure dominated the market with a share of 80.3% in 2019. This is attributed to the growing popularity of this sport due to the availability of golf courses in most cities and towns around the world. Golf tourism is gaining much traction among enthusiasts and a number of people travel to specific destinations for the sole purpose of playing golf. Scotland, for instance, is an excellent vacation spot that also offers golfers centuries-old courses and a sense of history playing on these ancient grounds. Development and expansion of golf courses, along with increasing government initiatives to promote golf tourism, have popularized this sport, thereby ramping up the demand for its associated equipment, such as golf equipment.
How many people play golf in 2018?
According to the National Golf Foundation, in 2018, 33.5 million Americans aged 6+ have played golf both on-course and off-course. Asia Pacific is expected to register the fastest CAGR of 3.3% over the forecast period.
How many golfers were there in 2015?
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. The number of golf enthusiasts has been growing significantly, ...
Why are miniature golf courses important?
Establishment of miniature golf courses to increase the inflow of patrons and endorsing it as a healthy leisure activity is contributing to the rising sales of golf clubs.
What is the market share of sporting goods?
In terms of revenue, sporting goods retailers dominated the market with a share of 47.2% in 2019. There has been increasing consumer preference for high-end golf clubs, which are generally sold at sporting goods retail stores.
Why is it important to select the right club?
For instance, the selection of the right clubs has always been important for taking the game to another level . Most professional players only look for the placement of the center of gravity and materials while purchasing any club. Material selection is also important. For instance, very heavy Tungsten material and extremely lightweight carbon fiber lead to new ways to manipulate the center of gravity placements.
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 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 is golf participation?
Golf participation is a core measure of golf’s vitality. NGF closely tracks how many people play the game, as well as the demographic composition of golfing America.
How much money did golf generate in 2016?
The biggest economic driver for golf was facility operations, as approximately 15,000 golf facilities in the U.S. generated almost $33.3 billion in operating revenue in 2016 -- money that comes from greens fees, membership fees and range fees, golf cart rentals and spending on food and beverage. Operational revenue was up almost 12% from $29.8 billion in 2011, a noteworthy turnaround after the financial crisis that ended in 2010.
How much did golf equipment sell in 2016?
On-course and off-course sales of golf equipment, apparel and media were $6 billion in 2016, with the strongest sales growth in the equipment category.
How much was the golf industry in 2011?
Operational revenue was up almost 12% from $29.8 billion in 2011, a noteworthy turnaround after the financial crisis that ended in 2010. Tourism was the industry's second-biggest contributor, as golf drove about $25.8 billion in revenue. That too is up, from $20.6 billion in 2011.
What is WGF and WE ARE GOLF?
The WGF and WE ARE GOLF, a coalition of the game's leading associations and industry partners, released the new economic report ahead of National Golf Day in Washington D.C. Golf's leaders are gathering in the nation's capitol to meet on Wednesday with members of Congress, the Executive Branch and federal agencies to discuss ...
How much did golf home construction cost in 2016?
On-course and off-course sales of golf equipment, apparel and media were $6 billion in 2016, with the strongest sales growth in the equipment category.
How many jobs are there in golf?
Golf's leaders are gathering in the nation's capitol to meet on Wednesday with members of Congress, the Executive Branch and federal agencies to discuss the more than 15,000 businesses involved with golf, the almost two million jobs impacted and the other economic, charitable and fitness benefits.
How much are vintage golf clubs worth?
That general axiom doesn’t apply to vintage golf clubs, which can be worth anywhere from just a few bucks to more than a thousand dollars. For example, an original Scottsdale Ping Answer Version 1 putter sold in an April 2019 auction for $1,405.
Why won't private golf clubs pay full market value?
They won’t pay full market value because they need to resell for profit, though some will sell your golf clubs on consignment for a commission. Private buyers will pay more, though the pool of potential buyers is limited and you might need to wait for the right buyer.
What is the shaft material of a golf club?
Shaft material Modern golf club shafts are composed of graphite or steel. Graphite clubs are generally more valuable, though the difference is often negligible. For example, the trade in value for an 8-piece set of Callaway Big Bertha 2019 irons with steel shafts is $500. With graphite shafts, it’s $504.
What is the most valuable type of golf club?
Type of club In general, drivers are the most valuable types of golf clubs, followed by fairway woods and then hybrids, putters and wedges. Irons are typically sold as sets – the more complete the set, the more valuable it is. This comparison of trade in prices for a set of 2018-2019 Titleist golf clubs illustrates the differences in club values:
What golf clubs can be traded for cash?
Brand Golf clubs manufactured by the following brands typically have value and can be traded in or sold for cash: Adams Ben Hogan Bettinardi Bobby Grace Bobby Jones Brainstorm Bridgestone Callaway Cleveland Cobra Cure Edel Evnroll Fourteen.
How much is a 2019 Cobra King F9 Speedback worth?
See what it’s worth. For example, a 2019 Cobra King F9 Speedback driver has a trade-in value of $185 ( original MSRP $449 ), while a 2003 Cobra SZ 440 driver has a trade-in value of just $12, even though it originally retailed for $369. Condition Condition plays a major role in golf club values.
How to sell golf clubs?
Compare your golf club selling options to find the best fit for your goals. If you want a quick and convenient sale, online golf trade in stores are probably your best bet. Want to get the most money? Online marketplaces, forums and local private buyers might be worth the wait. If you need fast cash today, local pro stores and golf retailers are good options. Make sure you understand all the terms before you sell, including selling and shipping fees, so you can get a fair price and enjoy a pleasant golf club selling experience.
