Golf Equipment Market is estimated to be valued at USD 12.78 Bn in 2025 and is expected to reach USD 17.63 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of4.7% from 2025 to 2032.
By Distribution Channel, Offline stores account for 60% of global golf equipment market in 20205.
North America leads the global golf equipment market with a 41% share in the global market in 2025.
The global Golf Equipment Market is experiencing steady growth, fuelled by increasing participation in golf as a recreational and professional sport. Rising disposable income, growth in golf tourism, and a surge in golf course development are key drivers. Technological innovations in clubs, balls, and training aids further enhance market appeal. Offline retail dominates distribution, while online channels are expanding. North America leads the market due to a strong golfing culture, followed by Europe and Asia Pacific with rising player interest and infrastructure development.
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Current Event |
Description and its impact |
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Technological Advancements in Golf Equipment |
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Shifting Consumer Preferences Towards Wellness and Outdoor Recreation |
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Evolving Industry Regulations and Global Events |
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Growing number of golf courses around the globe is driving growth of the golf equipment market. According to the Coherent Market Insights analysis, there are more than 30,000 golf facilities across the world, and more than 70% of them are open to the public.
A significant share of these golf courses also belongs to private clubs, golf- centric real estate locations, and golf resorts. In U.S, For example the number of golf courses increased by 200 in 2021 according to the national Golf foundation. This was first time over the decade that the number of courses had increases in the country.
In June 2025, Reuters reported that USGA Commissioner Mike Whan confirmed the association is “full speed ahead” on rolling back golf ball standards, with new testing parameters set to take effect in January 2028. This change is expected to mildly reduce distances for both elite and recreational golfers, prompting equipment manufacturers to accelerate R&D on compliant golf balls.
Rising golf tourism is another key factor propelling growth of the market. For instance, The International Association of Golf Tour Operators (IAGTO) and the Golf Environment Organization (GEO) are some of the international non-profit organizations that support and promote sustainability in golf tourism across the world.
IAGTO has been commissioned to formulate golf tourism development and promotional strategies for more than 25 countries, including Brazil, Mexico, Peru, Mauritius, Jakarta, Kenya, Tunisia, Morocco, Egypt, Gran Canaria, Malaysia, Marbella, Galicia, Murcia, and Valencia.
In September 2024, Reuters reported that PGA of America CEO Derek Sprague urged a reconsideration of the golf-ball rollback rules announced by the USGA and R&A. He emphasized the importance of broader stakeholder input before implementing changes that would significantly impact 28 million U.S. golfers.
Growing participation of women in golf courses is projected to offer significant growth opportunities over the forecast period. Various initiatives are being taken to increase the participation of women in golf. Various key players in the market are focusing on innovating golf equipment. This is expected to provide lucrative growth opportunities for the players over the forecast period TaylorMade Golf's announcement of the Stealth Irons in January 2022 was a significant development in the world of golf equipment.
The Stealth Irons feature a next-generation cab back design and innovative toe wrap construction, which are designed to improve performance and enhance the overall golfing experience. The cab back design of the Stealth Irons is intended to provide golfers with a higher launch angle and greater forgiveness on off-center hits. This is achieved by redistributing weight to the perimeter of the clubhead, which increases the moment of inertia (MOI) and reduces the amount of twisting that occurs on mishits
Offline stores account for 60.0% of global golf equipment sales, underlining the enduring consumer preference for hands-on product experience. This dominance is fuelled by the need for in-store testing, professional fitting services, and expert advice, particularly for high-investment purchases like clubs and shoes. Specialty golf outlets and major sporting goods chains provide immersive shopping experiences, allowing customers to make informed decisions.
Despite the growing presence of quick e-commerce, online channels are primarily favoured for replenishing consumables like balls and gloves. The tactile nature of golf gear and the personalized buying process ensure that physical retail remains a cornerstone of the market, especially for serious and professional players seeking precision and performance.
The golf clubs segment is projected to dominate the global golf equipment market, accounting for the largest share among all product types. This dominance is driven by continual innovation in club design, including the integration of advanced materials like carbon composites and AI-based customization for improved swing dynamics and accuracy.
Golf clubs are essential for players across all skill levels, ensuring steady demand and high replacement cycles, especially among frequent golfers. The golf balls segment follows closely, supported by high usage turnover and evolving designs that enhance aerodynamics and distance.
Accessories such as bags, gloves, and tees also contribute significantly, appealing to style-conscious and performance-driven consumers. This product segmentation reflects a balanced market, with core equipment leading in revenue and supplementary items driving brand loyalty and recurring purchases.
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North America leads the global golf equipment market, holding a dominant 41% share. This leadership is driven by a high concentration of golf courses, particularly in the United States, along with a well-established golfing culture and an affluent consumer base. The region also benefits from hosting major international golf tournaments such as the PGA Tour, which significantly boosts brand exposure and consumer interest. A strong retail network, combined with widespread adoption of technologically advanced golf products, positions North America as a mature and highly competitive market.
Europe holds the second-largest share in the global golf equipment market. This growth is supported by a vibrant community of professional and amateur golfers and expanding investments in golf tourism, especially in countries such as the UK, Germany, and Spain. Golf is increasingly being integrated into wellness and recreational programs, contributing to its growing appeal. The region also exhibits rising demand for sustainable and premium golf gear, reflecting a consumer base that values quality, performance, and environmental responsibility.
United States and Canada
The United States remains the largest and most influential country in the global golf equipment market, driven by its dominant 41% share of the North American region. A deeply ingrained golf culture, extensive network of over 15,000 golf courses, and presence of premier tournaments like the PGA Tour position the U.S. as the epicenter of global golf activity. The country also boasts a mature retail ecosystem and significant adoption of technologically advanced golf gear, fostering continuous product innovation and premium consumer spending.
Canada contributes notably to North America’s leadership in the golf equipment market. With a strong seasonal golfing population, widespread access to public and private courses, and a growing focus on wellness and outdoor recreation, golf remains one of the most played sports in Canada. Canadian consumers also show increasing interest in high-performance equipment and sustainable golf products, further propelling market growth.
| Report Coverage | Details | ||
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| Base Year: | 2024 | Market Size in 2025: | USD 12.78 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 4.7% | 2032 Value Projection: | USD 17.63 Bn |
| Geographies covered: |
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| Companies covered: |
Callaway Golf Company, Sumitomo Rubber Industries, Nike Inc., Acushnet Holdings, Mizuno Corporation, Taylormade Golf Company Inc., Adidas Group, Bridgestone Corporation, Puma SE, PING, and Anta Sports Products Limited (Amer Sports) |
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About Author
Sakshi Suryawanshi is a Research Consultant with 6 years of extensive experience in market research and consulting. She is proficient in market estimation, competitive analysis, and patent analysis. Sakshi excels in identifying market trends and evaluating competitive landscapes to provide actionable insights that drive strategic decision-making. Her expertise helps businesses navigate complex market dynamics and achieve their objectives effectively.
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