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.
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 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 did sales of golf clubs increase in July?
In some categories (notably the biggest ticket categories of woods and irons ), sales were more than 50 percent higher than what they were last July. Each of the club and ball categories were up more than 25 percent in both units and dollars compared to a year ago. Specifically:
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 much money will golf clubs make in 2024?
What are the leading golf equipment companies?
When did golf become a sport?
About this website
Which company sells the most golf clubs?
1. Callaway. Callaway Golf is the largest golf equipment manufacturing company in the United States, specializing in golf clubs, bags, balls, apparel, and gloves.
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...
Which country is golf most popular?
Countries Where Golf Is Most PopularIRELAND. Despite the fact that golf was invented in Scotland, their next door neighbor, Ireland, is the most popular country for the sport. ... CANADA. ... UNITED KINGDOM. ... UNITED STATES. ... SOUTH AFRICA. ... JAPAN.
What is the largest golf community in the world?
Mission HillsMission Hills' greatest achievements to date: 2004 – Mission Hills makes history. With 10 courses and 180 holes, Mission Hills is accredited by the Guinness World Records as the world's largest golf club, beating America's famous Pinehurst Golf Club.
What is the number 1 brand in golf?
1. Titleist. The makers of the Pro-V1—the most widely played golf ball on tour—Titleist also have more top-50 golfers on its books than any other manufacturer.
What is the oldest golf brand?
Andrews Golf Co.Andrews Golf Co. is the oldest golf manufacturer in the world and the only remaining manufacturer in Scotland. While they don't have the big name of other brands such as Titleist or Callaway, they have found a way to stay in business since 1881.
What country invented golf?
ScotlandSt. Andrews, Scotland. It was here at the St. Andrews Golf Links that the R&A was formed and where the 18-hole round was established.
Which country is considered the home of golf?
Saint Andrews Links located in the town of St Andrews, Fife, Scotland, is widely recognized as the “home of golf.” Golf was played upon the Links at St Andrews as far back as the early 15th century. The oldest course at the Saint Andrews Links is known as the Old Course.
Where is golf most popular in the US?
MinnesotaHow does your state compare?RankStateSearch Popularity1Minnesota1002South Carolina993Michigan964Wisconsin9347 more rows•Dec 26, 2016
What is the longest golf driver on the market?
The Top 9 Longest Drivers [Updated 2022]Callaway Rogue ST (Best Overall)Cobra LTDx.Cleveland XL (Best Budget)TaylorMade SIM2 (Most Forgiving)Callaway Epic Speed.Titleist TSi 3 Driver.Cobra Radspeed Driver.Ping G425 LST Driver.More items...•
What city has the most golf carts?
With over 9,000 registered golf carts and nearly 100 miles of tar paths, Peachtree City, Ga., can now claim the title of the "golf-cart capital of the world." Which city did it recently overtake? No surprise, really: Sun City, Ariz.
Where is the largest golf course located?
Mission Hills Shenzhen is a twelve course 18-hole course golf resort, located in the town of Guanlan (觀瀾) in Shenzhen, between the cities of Shenzhen and Dongguan. It is accredited as the world's largest golf facility by the Guinness World Records in 2004, surpassing the Pinehurst Resort in the United States.
What is Titleist market share?
Best in Class Golf Brands Titleist's golf ball is used by almost 70% of the top 100 players on the PGA tour (see below) and holds the largest market share among leisurely golfers. At FYE 2021, GOLF's Titleist golf balls held over 50% market share of the $1.22 billion golf ball market.
What brand of golf balls sells the most?
Titleist has enjoyed a record-breaking first half of 2019, with the most recent Golf Datatech market share figures showing significant year-on-year growth for the company's golf ball business both off and on course.
How big of an industry is golf?
Golf is a nearly $70 billion industry.
What is the most watched golf tournament ever?
Sunday's final round of the Masters on CBS, which included the conclusion of Tiger Woods' week plus Scottie Scheffler's victory, was the most-watched golf telecast on any network since the final round of the 2019 Masters when Woods won his fifth green jacket.
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...
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 By Linchpin
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.
The numbers are official: Golf's surge in popularity in 2020 was even ...
Specifically, the growth numbers in many cases set all-time records in many categories, and the number of golfers coming to the game in 2020 were only benchmarked against some of the greatest ...
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 golf club sales in 2020?
In 2020, wholesale sales of golf clubs amounted to about 1.41 billion U.S. dollars.
Is Statista a good site?
Statista has been my savior on several occasions. The site is easy to maneuver and the data is in a format that can go right into a report or presentation.
The history of the US Country Club
Today, there are 9,562 Golf Courses & Country Clubs businesses in the US.
What the latest country club statistics & trends mean for your club
Traditionally, a country club’s image of exclusivity and networking looked like men doing business while lunching at the club or playing a round of golf. Today, things have changed significantly.
Country club trends to watch for in 2022
Gen Z & Millennials have different values and priorities than older generations, and country clubs have to evolve to keep up. Below are 2 main areas that you need to pay attention to.
Golf Course Trends
Interest in golf is on the rise – according to NGF, 501.8 million rounds of golf were played in 2020 ( up 60 million rounds or 14% from 2019) & 3 million people played golf for the very first time in 2020. That's a record number of beginners.
AP Automation is the future of club management
According to IOFM, ( Institute of Finance Management ), 71% of AP departments are automating in 2021. So, if you’ve been holding out & holding tight to your paper invoices and ledgers, now’s the time to be part of that 71% and jump on board with AP automation.
Country club statistics tell a story
Country club and golf industry statistics and trends tell a story about how things are changing. Members’ interests and priorities are shifting, and it's important that your club pivot to stay on top.
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 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 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 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.
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 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.
Where are Honma golf clubs made?
Honma designs clubs for BERES from its headquarters in Japan, leveraging its material construction (Ti5N Titanium drives performance) on these luxury clubs. Their titanium alloys have a low specific gravity, which allows the craftsmen to reduce crown thickness as well as weight.
When did Callaway Golf start making golf clubs?
Callaway Golf has only been in business since 1982. However, in 1986, Callaway became the first golf equipment manufacturer to use milling machines run by computers, which has defined their history as a proponent of cutting-edge design technology. By 1995, Callaway Golf was the most prolific seller of woods and irons in the world.
How much does the Epic Forged Star Irons cost?
The Epic Forged Star Irons is a club from Callaway that costs $2,599.99 and earns it. The club is shaped precisely using a suspended Tungsten core designed for consistency, both for launch and distance. The black finish gives the club not only its signature sheen but a great feel.
Where are the Beres 4 star irons made?
These clubs are designed in Sakata, Japan using the Honma design legacy but pulling it into the modern day.
What is the carbon steel face of a golf club?
The body of the club is forged from 1025 carbon steel with an ultra-thin face . This allows the club to maintain its high speed as well as cater to any skill-level to achieve maximum distance. The combination of light-weight construction and optimal CG placement for added stability promotes a faster swing, lower spin, and higher launch.
Is golf a luxury sport?
Golfing is already a luxury sport where rich dudes and dudettes show off their wealth. The clubs you use can show a competitor exactly what you’re all about. If you have the bank to back it up, you may spend thousands or tens of thousands on luxury golfing equipment to give your performance (and reputation) a little edge.
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 .
