Golf equipment includes various items, which are used to play the sport of golf. These include golf balls, shoes, bags, golf gloves, golf gear, and golf wear, club, club head cover, cart, towels, tees, ball markers, wedges, putters, and other devices that help golfers in various ways.
Growing popularity of golf across the world amongst older people and spur in golf tourism is driving the growth of the golf equipment market. The physical activity that golf provides is expected to be helpful. Furthermore, among golfers, mental and physical well being, together with improved performance and socializing are common motivations for playing the sport. There is a spur in golf tourism mainly due to the growing number of golf courses across the world, and increasing popularity of golf tournaments. Various countries are taking initiatives to drive golf tourism in their region. For instance, the tourism minister in India announced that the government would support efforts to entice more foreign golfers to the country’s approximately 220 golf courses.The declining number of golfers across the world might hamper the growth of the golf equipment market. According to the National Golf Foundation (NGF) the players who played golf on an actual golf course in 2016 fell by a significant number compared to 2015. However, the NGF reported the number of golfers who are beginners increased to a significant extent over 2015. Furthermore, the NGF reported that the number of dedicated golfers also grew in numbers. Dedicated golfers include those who call golf one of their several recreational pursuits or a favorite activity.
North America and Europe are expected to lead the golf equipment market owing to the presence of established golf equipment manufacturers. However, the growing popularity of the golf across countries such as India and China is expected to propel the growth of the golf equipment market in Asia Pacific.
The global Golf Equipment and Consumables market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Golf Equipment and Consumables market based on company, product type, end user and key regions.
This report studies the global market size of Golf Equipment and Consumables in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Golf Equipment and Consumables in these regions.
This research report categorizes the global Golf Equipment and Consumables market by top players/brands, region, type and end user. This report also studies the global Golf Equipment and Consumables market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Callaway Golf Company
TaylorMade (Adidas Golf)
Dunlop Sports Co. Ltd.
Turner Sports Interacti
Market size by Product
Market size by End User
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Golf Equipment and Consumables market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Golf Equipment and Consumables market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Golf Equipment and Consumables companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Golf Equipment and Consumables submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Golf Equipment and Consumables are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Golf Equipment and Consumables market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.