Global Golf Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Golf Clubs, Golf Balls, Golf Bags & Accessories, Apparel, and Footwear.

By Material;

Graphite, Steel, Titanium, Carbon Fiber, and Polyurethane.

By Distribution Channel;

Offline Retail Stores and Online Retail Stores.

By End User;

Amateur Golfers and Professional Golfers.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn616335303 Published Date: May, 2025 Updated Date: June, 2025

Golf Equipment Market Overview

Golf Equipment Market (USD Million)

Golf Equipment Market was valued at USD 8,194.33 million in the year 2024. The size of this market is expected to increase to USD 10,638.86 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.8%.


Global Golf Equipment Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 3.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.8 %
Market Size (2024)USD 8,194.33 Million
Market Size (2031)USD 10,638.86 Million
Market ConcentrationHigh
Report Pages389
8,194.33
2024
10,638.86
2031

Major Players

  • Callaway Golf Company
  • Sumitomo Rubber Industries
  • Nike Inc.
  • Acushnet Holdings
  • Mizuno Corporation
  • Taylormade Golf Company Inc.
  • Adidas Group
  • Bridgestong Group

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Golf Equipment Market

Fragmented - Highly competitive market without dominant players


The Golf Equipment Market is expanding rapidly due to increased interest in leisure sports and modern lifestyle choices. A broadening customer base, including new amateur golfers, has led to higher demand across equipment types. Golf club sales are up by 15%, and golf apparel and footwear have grown by 10%, indicating a strong market response to shifting consumer preferences.

Innovation Through Smart Technology
Advancements in smart golfing technology are enhancing consumer interest and fueling product upgrades. Devices with features like swing diagnostics and GPS integration now account for over 12% of purchases. These innovations not only offer precision but also encourage consumers to invest in more advanced gear.

Premiumization and Tailored Offerings
Demand for premium and personalized golf equipment is rising as players seek to improve performance through custom solutions. Sales of luxury golf balls and customized clubs have grown by 17%, reflecting a shift toward individuality and quality in purchase choices. Customization is a prominent trend reshaping product strategies.

Digital Influence and Online Expansion
The growing influence of digital marketing and online sales platforms is transforming the market landscape. Online transactions now represent over 20% of total sales, with digital influencers playing a central role in brand visibility. This transformation is driving innovation in digital retail strategies.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Material
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Golf Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Participation
        2. Rise in Golf Tourism
        3. Increasing Disposable Income
      2. Restraints
        1. High Costs
        2. Seasonal Nature
        3. Competition from Other Sports
      3. Opportunities
        1. Customization Trends
        2. Sustainability Initiatives
        3. Health and Wellness Trends
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Golf Equipment Market, By Product Type, 2021 - 2031 (USD Million)
      1. Golf Clubs
      2. Golf Balls
      3. Golf Bags & Accessories
      4. Apparel
      5. Footwear
    2. Golf Equipment Market, By Material, 2021 - 2031 (USD Million)

      1. Graphite

      2. Steel

      3. Titanium

      4. Carbon Fiber

      5. Polyurethane

    3. Golf Equipment Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Offline Retail Stores
      2. Online Retail Stores
    4. Golf Equipment Market, By End User, 2021 - 2031 (USD Million)
      1. Amateur Golfers
      2. Professional Golfers
    5. Golf Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Callaway Golf Company
      2. Sumitomo Rubber Industries
      3. Nike Inc.
      4. Acushnet Holdings
      5. Mizuno Corporation
      6. Taylormade Golf Company Inc.
      7. Adidas Group
      8. Bridgestong Group
  7. Analyst Views
  8. Future Outlook of the Market