According to the report titled ‘Global Golf Clubs Market Size study, by Application (Sports Goods Stores, Specialty Sports Shops, Discount Stores, Pro Shops, Online Stores, Department Stores, Others) by Type (Woods, Irons, Putters, Wedges) and Regional Forecasts 2020-2027’, available with Market Study Report, global golf clubs market is projected to record substantial growth during 2020-2027.
 

Rising disposable income and growing number of amateur as well as professional golfers are the key factors driving the growth of global golf clubs market. According to Statista, in U.S., the number of golf participants were recorded to be 23.83 million in 2017, of which 8.8 million were known to be avid golfers. Similarly, Club Managers Association of Europe stated that there were 4.15 million golfers registered in Europe in 2017.
 

For those uninitiated, golf club is a stick used in the game of golf to strike a golf ball. A shaft with a grip and club head are included in the club. Wood is the prevalent material used for the club's manufacture. Wooden clubs are primarily used for long distance, whereas clubs made of other materials such as putters, iron, and hybrid are used according to the range of shots.
 

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Moreover, increasing number of golf courses globally is propelling the market size. However, high cost of golf membership and acceptance of other games is likely to hinder global golf clubs industry expansion over the analysis period.
 

Based on application spectrum, worldwide golf clubs market is split into department stores, online stores, pro shops, discount stores, specialty sports shops, sports goods stores, and others. Speaking of type, the industry is divided into wedges, putters, irons, and woods.
 

From regional perspective, worldwide golf clubs market is segmented into Latin America, Europe, North America, Asia Pacific, and Rest of the World. The report states that Europe currently holds considerable share of the overall market and is expected to expand further over the assessment period. The regional growth is attributable to increasing number of golf courses and golfers in the region.
 

Meanwhile, Asia Pacific golf clubs industry is expected to register decent growth over the forecast timespan, owing to surging popularity of golf among individuals and rising disposable income.
 

Leading organizations influencing global golf clubs market trend are Katana Golf, Nike Golf, Honma Golf, Cleveland Company Inc., MacGregor, PING, Dunlop, Titleist (Acushnet Company), Callaway Golf Company, and TaylorMade Golf Company Inc.