Introduction

Golf Industry Statistics: Golf is one of the most luxurious games played today. Golfers of all ages enjoy professional competitions. Traditionally, golf is played mainly by wealthy families because of the high expenses of equipment and memberships.

However, golf is a game of mental agility and physical skills that allows players to drop the ball in the holes with fewer strokes. Due to its cost, the Golf industry has already become a billion-dollar industry. Let’s look at Golf Industry Statistics 2024 to understand the current trends in the market.

Comprehensive dataset of 3,109 Public golf courses in United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

In 2023, the value of the golfing market in Japan amounted to **** trillion Japanese yen. The market size increased by around ** billion yen compared to the previous year, while the playing population also increased slightly.

Acushnet, one of the leading manufacturers of golf equipment in the world, had global sales amounting to around **** billion U.S. dollars in fiscal 2024. Net sales of both Topgolf Callaway Brands Corp. and Acushnet Holidngs Corp. used to be extremely close, but in the most recently reported financial years, Callaway became the clear front-runner. Golf Golf is a club-and-ball sport in which players use various clubs to hit a golf ball into a series of holes on a course in as few strokes as possible. Not only is golf a major spectator sport around the world, it is also a popular recreational sport in many countries. Golf, unlike most ball games, cannot and does not utilize a standardized playing area. Navigating the varied terrains of the courses is a key part of the game. Golf is very popular is Europe, with a substantial number of courses scattered across the continent. Golf equipment Golf is quite an expensive hobby, with players needing to purchase all the equipment necessary to play, such as clubs, balls, and special apparel. Players may also need to pay an annual membership fee to be part of a club, or green fees to play on a golf course not included in their membership. The import and export of clubs and golf equipment is also a big industry: in 2023, approximately ****million U.S. dollars' worth of golf clubs was imported to the United States.

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Golf Clubs Market Size 2025-2029

The golf clubs market size is forecast to increase by USD 823.7 million at a CAGR of 2.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing disposable income of consumers and the rising number of ultra-high net worth individuals (UHNIs) who are avid golf enthusiasts. These demographic trends have led to a rise in demand for high-end golf clubs, offering luxurious amenities and exclusive memberships. However, the seasonality of the sport presents a notable challenge for market participants. Golf, being a weather-dependent sport, faces significant fluctuations in demand due to seasonal variations. Integrating mobile solutions into marketing strategies and enhancing social media presence are key trends that are reshaping the market landscape. Consequently, golf clubs must effectively manage their resources and operations to cater to peak seasons while maintaining member engagement during off-peak periods.
Additionally, they must continually innovate and adapt to evolving consumer preferences, such as incorporating technology to enhance the golfing experience, providing diverse recreational activities, and offering personalized services. By addressing these challenges and capitalizing on the growing demand, golf clubs can position themselves as preferred destinations for discerning consumers seeking exclusive, high-quality experiences. To capitalize on market opportunities, golf clubs can explore alternative revenue streams such as hosting corporate events, offering non-golf amenities, and expanding their geographical reach to regions with favorable climates.

What will be the Size of the Golf Clubs Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The golf market encompasses a range of offerings, from golf apparel and footwear to course design and equipment. Golf balls, a key product, continue to evolve with advancements in technology, such as data analytics and smart clubs. Club maintenance, including re-gripping and re-shafting, remains essential for optimal performance. USGA rules and regulations guide the industry, shaping pricing structures for golf clubs, accessories, and bags. Clubhead geometry and clubface technology drive innovation, enhancing performance and fueling competition among brands. Warranties and reviews provide transparency for consumers in their purchasing decisions.
Golf club comparison and clubhead technology comparisons are popular online, enabling informed choices. Club repair services cater to the ongoing need for club maintenance and customization. Golf club accessories, from bags to tees, complement the core offerings, rounding out the market landscape.

How is this Golf Clubs Industry segmented?

The golf clubs industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Leisure
  Professional


Product

  Woods
  Irons
  Putters
  Wedges


Distribution Channel

  Offline
  Online


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    Australia
    China
    India
    Japan


  Rest of World (ROW)

By Application Insights

The leisure segment is estimated to witness significant growth during the forecast period. The market experiences significant growth due to the increasing popularity of the sport, driven by the expansion of golf courses and government initiatives to promote golf tourism. Leisure golf clubs hold the largest market share, with many individuals traveling to play on historic courses in destinations like Scotland. The availability of golf courses in cities and towns worldwide contributes to the sport's rising appeal. Advanced technologies, such as swing analysis, clubhead finishes, and custom fitting, have enhanced the overall golfing experience. Carbon fiber and synthetic materials have become increasingly common in golf club manufacturing, contributing to lighter and more durable clubs.

Forged irons, with their improved moment of inertia and feel, remain popular among serious golfers. Weight distribution and swing weight are crucial factors in club design, affecting clubhead speed and ball flight. Groove technology, face materials, and ball contact have significantly impacted performance optimization. Utility clubs, fairway woods, and wedge sets cater to various playing styles and skill levels. Steel and graphite shafts offer different benefits in terms of weight, flexibility, and feel. Beginner clubs, individual clubs, cast irons, and golf club sets cater to various budgets and skill levels. Premium clubs, w

Number of Businesses statistics on the Golf Courses & Country Clubs industry in the US

Comprehensive dataset of 1,760 Indoor golf courses in United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Graph and download economic data for Producer Price Index by Industry: Golf Courses and Country Clubs: Membership Dues and Fees (PCU7139107139101) from Dec 2005 to Jun 2025 about sport, fees, recreation, PPI, industry, inflation, price index, indexes, price, and USA.

Golf Equipment Market size was valued at USD 8.52 billion in 2019 and is predicted to reach USD 11.19 billion by 2030.

The statistic shows a ranking of golf management companies based on the number of golf courses the companies operate in 2021. Troon Golf is the leading company with more than 630 golf courses in their portfolio.

Number of Businesses statistics on the Golf Instructors industry in the US

Graph and download economic data for Producer Price Index by Industry: Golf Courses and Country Clubs: Food and Beverage Sales (PCU7139107139103) from Dec 2005 to May 2025 about sport, recreation, beverages, food, sales, PPI, industry, inflation, price index, indexes, price, and USA.

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Golf Equipment Market Size 2025-2029

The golf equipment market size is forecast to increase by USD 1.69 billion, at a CAGR of 3.1% between 2024 and 2029. The market is experiencing significant growth, driven by the increasing prioritization of healthy lifestyles and the expanding popularity of alternative golf formats, such as FootGolf.

Major Market Trends & Insights

APAC dominated the market and accounted for a 42% share in 2023.
The market is expected to grow significantly in North America region as well over the forecast period.
Based on the Product, the golf clubs segment led the market and was valued at USD 5.14 billion of the global revenue in 2023.
Based on the Distribution Channel, the offline segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 10.22 Billion
Future Opportunities: USD 1.69 Billion
CAGR (2024-2029): 3.1%
APAC: Largest market in 2023

The market continues to evolve, driven by advancements in technology and consumer demand for improved performance. Putting green speed, for instance, is a critical factor in optimizing putting strokes, with many courses investing in state-of-the-art putting green systems to ensure consistent speeds. Swing tempo analysis, another essential aspect, helps golfers understand their swing patterns and adjust accordingly for better golf club head speed and distance carrying capacity. Club head design, grip size selection, and lie angle adjustment are other areas where innovation abounds. For example, titanium club heads have become increasingly popular due to their lightweight yet strong properties, leading to an average increase of 5% in club head speed among golfers. Key trends include growing emphasis on healthy living, innovation leading to product premiumization for equipment and accessories such as golf bags, and collaborations and sponsorship agreements within the industry.

What will be the Size of the Golf Equipment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Additionally, distance control technology, such as spin rate control and ball flight trajectory analysis, has become a game-changer for golfers seeking greater accuracy. The golf industry expects a steady 3% annual growth rate, fueled by ongoing advancements in club head material, shaft flex, and launch angle optimization. Swing path analysis, club fitting processes, and iron club lofts are also essential elements in the quest for improved golf swing mechanics. Putt accuracy metrics, impact sound analysis, and trajectory launch monitors are just a few of the tools available to golfers and instructors to fine-tune their game. A notable example of the impact of technology on golf equipment is the emergence of high-launch, low-spin drivers with carbon fiber shafts. The golf balls segment is the second largest segment of the product and was valued at USD 2.09 billion in 2023.

These drivers offer enhanced forgiveness and distance, with one study showing an average increase of 10% in ball speed for golfers using carbon fiber shafts. Furthermore, ball speed sensors and ball compression analysis have revolutionized the way golfers choose the right ball for their game. In conclusion, the market is a dynamic and ever-changing landscape, with continuous innovation in areas such as putting green speed, swing tempo analysis, distance control technology, and club head design. These advancements, coupled with the growing importance of data-driven insights, are transforming the way golfers approach the game and seek to improve their performance.

This shift towards wellness and unique sports experiences is fueling demand for innovative golf equipment designed to enhance performance and convenience. However, the market faces challenges due to the seasonality of the sport. Golf is traditionally considered a seasonal activity, with sales typically peaking during warmer months. To capitalize on this trend, companies must effectively manage inventory and adapt marketing strategies to cater to the seasonal nature of the market.

Additionally, addressing the evolving needs of diverse customer segments, including beginners and experienced golfers, will be crucial for success. By focusing on product innovation, targeted marketing, and operational efficiency, businesses can effectively navigate these challenges and capitalize on the opportunities presented by the growing market.

How is this Golf Equipment Industry segmented?

The golf equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Golf clubs
  Golf balls
  Golf shoes
  Golf bags

The Golf Equipment Market Report is Segmented by Product Type (Golf Club, Golf Balls, and More), Category (Mass and Premium), End Use (Adult and Kids/Children), Distribution Channel (Offline Channel and Online Channel), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The Disc Golf market has seen a remarkable evolution over the past few years, establishing itself as a popular sport and recreational activity enjoyed by millions worldwide. With its roots tracing back to the 1970s, disc golf now boasts a current market size estimated at approximately $250 million. This growth refle

The Golf Club Heads market plays a crucial role in the sporting goods industry, catering to golfers of all skill levels-from beginners to professionals. Golf club heads are the business end of any golf club and significantly influence a player's performance and experience on the course. As golfers seek to improve th

Comprehensive dataset of 12,692 Golf courses in United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Number of Businesses statistics on the Golf Courses industry in the UK

Comprehensive dataset of 7,329 Golf clubs in United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

In 2022, the revenue of screen golf businesses in South Korea amounted to around *** trillion South Korean won. In screen golf lounges, people can golf with a virtual simulation screen. Many South Koreans enjoy screen golf because of the lower costs and easier accessibility compared to going out to the field.