Latest News- Golf Equipment Market: Golf clubs is expected to lead the Product segment during 2025-2029

The Golf Equipment Market is being driven by Increasing focus on healthy lifestyles

The Golf Equipment Market is expected to grow at a CAGR of 3.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1690.2 million. The emergence of FootGolf as a hybrid sport combining elements of soccer and golf is experiencing significant growth in the United States and various Western European nations. The Federation for International FootGolf (FIFG) oversees the sport as its governing body, with 25 member countries, including the UK. In the US, the American FootGolf Federation (AFGL) reports over 70 accredited FootGolf courses in 35 states, with a notable concentration in California, which hosts more than 25 such courses. Notable facilities include Monarch Bay Golf Club in San Leandro, Vista Valencia Golf Course in Valencia, and Lake Forest Golf and Practice Center in Orange County. The sport's popularity is expanding at an impressive rate within the US market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Golf clubs
  • Golf balls
  • Golf shoes
  • Golf bags
• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing focus on healthy lifestyles
• Innovation and portfolio expansion leading to product premiumization
• Association initiatives and sponsor deals

However, the market also witnesses some limitations, which are as follows:

• Seasonality of sport
• Popularity of alternative sports
• Fluctuating prices of raw materials

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Market Scope in Golf Equipment Market Research Report

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Research Analysis Overview

The Golf Equipment Market encompasses a range of products including Golf Clubs, Balls, Apparel, and Accessories for both professional players and beginners. Advanced technology such as sensors, GPS, and data analytics are increasingly popular. Leisure activities on golf courses are subject to zoning regulations and land use policies. Golf events and tournaments showcase the latest in club design and golf ball construction for enhancing performance. Safety protocols are essential for all players, while disposable incomes enable personalization with golf clothes, accessories, and golf carts. Casual players seek convenience and enjoyment, while beginners require equipment that caters to their learning needs.

Market Research Overview

The Golf Equipment Market, a segment of the broader Household Durables sector within the Global Leisure Products Industry, encompasses the manufacturing and distribution of Golf Clubs, Balls, Apparel, Accessories, Sensors, GPS devices, and Data Analytics tools. Key growth drivers include the rising number of professional Golfers endorsing and utilizing advanced technologies, such as sensors and data analytics, to enhance performance. Additionally, the increasing popularity of Golf as a leisure activity, with the proliferation of Golf video games and simulations, contributes to market expansion. Furthermore, the surge in health and fitness trends has led to an increase in Golf memberships and participation, fueling demand for high-quality Golf Equipment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/