Global Golf Equipment Market To Witness Substantial Gains By 2026

May 12, 2022

According to the recent research report titled ‘Global Golf Equipment Market: Analysis By Product Type (Club, Balls, Gears), Distribution Channel, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ available with MarketStudyReport, global golf equipment market valuation had reached USD 8515.55 million in 2020 and is expected to show consistent growth through 2026.

The rapid expansion of the golf equipment market can be attributed to increase in golf tourism, rising consumer disposable income, mounting number of professional and amateur female players, the development of new golf courses, and the sport's expanding popularity.

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It is worth noting that the COVID-19 pandemic has had a negative impact on this business space given the nationwide lockdowns and growing trend of social distancing. Since golf is played mostly in Oceania, Europe, and Americas, which were severely impacted by the virus outbreak, the golf equipment demand plummeted. Regardless, the market is expected to see steady growth given the recovering sales following the pandemic.

This marketplace is segmented on the basis of product type, distribution channel, and regional analysis. Based on product landscape, global golf equipment market is segregated into balls, clubs, and gears. The distribution channel involves online retailers, sports goods retailers, and department & discount store.

The regional analysis of global golf equipment industry extends to Americas, Europe, Asia Pacific, and the Middle East & Africa.

The Americas held the largest market share in recent past and is expected to grow considerably during the forecast duration as countries have hosted a range of sporting events and constructed relevant infrastructure to encourage more people to participate in sports.

Especially in the United States, where the golf equipment has seen healthy demand given new product launches, favorable market pricing, and healthy retail inventory levels, robust consumer spending, a favorable weather conditions, and a high level of interest in the game of golf.

The competitive landscape of global golf equipment business sphere is defined by companies such as Callaway Golf Company, PING, Fusheng Precision Co. Ltd., TaylorMade Golf Company, Bridgestone Golf, Mizuno Corporation, Acushnet Co., Honma Golf Co. Ltd., Sumitomo Rubber Industries Ltd., and Fila Holdings Corp.

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