Golf Equipment Market Size and Share

Golf Equipment Market (2025 - 2030)
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Golf Equipment Market Analysis by Mordor Intelligence

The golf equipment market size is estimated at USD 9.24 billion in 2025, and is expected to reach USD 11.48 billion by 2030, marking a steady CAGR of 4.43%. This growth trajectory is buoyed by record on-course participation, an unprecedented influx of female and minority golfers, and the swift adoption of smart, AI-driven clubs and simulators, which are proving invaluable for novices. In a nod to sustainability, manufacturers are hastening the integration of recycled and bio-based materials, aligning with the eco-conscious goals of prominent associations and course operators. Urban areas are witnessing a surge in golf-centric entertainment venues, drawing in fresh audiences, a trend bolstered by government grants that ease access for youth and collegiate programs. While challenges like weather unpredictability and rising equipment costs loom in the near term, the expanding consumer base and a trend towards premiumization are fostering a consistent replacement cycle, bolstering the long-term outlook for the golf equipment market.

Key Report Takeaways

  •  By product type, golf clubs led with 38.84% revenue share of the golf equipment market in 2024, whereas apparel is projected to post the fastest 4.88% CAGR through 2030.
  •  By category, the mass segment held 62.83% revenue share in 2024, and premium equipment is expected to expand at a 5.23% CAGR through 2030.
  •  By end use, adults commanded 85.92% of the golf equipment market share in 2024, while the kids segment is forecast to grow at 5.54% CAGR through 2030.
  •  By distribution channel, offline stores contributed 78.23% revenue in 2024, and online sales are poised to climb at a 5.95% CAGR through 2030.
  •  By geography, North America holds a 48.47% share in 2024, whereas Asia-Pacific is anticipated to record the quickest 6.25% CAGR between 2025 and 2030.

Segment Analysis

By Product Type: Golf Clubs Lead Market Share

In 2024, golf clubs command a dominant 38.84% share of the market, underscoring their pivotal role in the sport and the relentless technological innovations that fuel frequent upgrades. Major manufacturers, responding to this demand, are rolling out extensive product lines with superior performance traits and tailored fitting options. While professional golfers and dedicated amateurs gravitate towards premium clubs for a competitive edge, recreational players bolster sales with their preference for entry-level and mid-tier options. Modern golf clubs, boasting advanced materials, aerodynamic designs, and adjustable features, not only command higher price tags but also entice golfers to upgrade more frequently. Equipment makers, recognizing this trend, pour substantial resources into R&D, crafting proprietary innovations and performance claims that resonate with golfers' aspirations.

Apparel is set to be the fastest-growing segment, projected to expand at a 4.88% CAGR from 2025 to 2030. This surge mirrors golf's cultural shift, intertwining with contemporary fashion trends. The rapid growth of the apparel segment is largely fueled by younger and female golfers, who approach golf attire as a blend of functionality and fashion. Influenced by athletic wear, golf apparel now emphasizes moisture-wicking fabrics, stretchy materials, and styles that seamlessly transition from the course to casual outings. Unlike the durable nature of clubs, golfers frequently refresh their apparel, benefiting the segment. Collaborations between golf and fashion brands are broadening the market's reach, tapping into lifestyle channels and presenting fresh revenue streams for equipment manufacturers, who see apparel as a bridge to deeper brand connections.

Market Analysis of Golf Equipment Market: Chart for By Product Type
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By Category: Mass Market Dominance

In 2024, the mass market category captures a commanding 62.83% share, underscoring the widespread accessibility of golf equipment and the pivotal role of value-driven products in bolstering overall market volume. Catering to both newcomers and recreational players, mass market products prioritize functionality over premium features or brand prestige. Leveraging economies of scale in manufacturing and distribution, this segment enables companies to offer competitive pricing without compromising on quality for casual golfers. Spanning big-box retailers, online platforms, and pro shops at public courses, the mass market category ensures golf equipment reaches the widest customer base. Manufacturers strategically use mass market offerings to cultivate brand awareness and foster customer loyalty, often crafting upgrade paths that nudge consumers towards premium products as their skills and dedication to the sport evolve.

Forecasted to grow at a robust 5.23% CAGR from 2025 to 2030, the premium segment signals a rising consumer inclination to invest in top-tier equipment. This trend aligns with increasing participation in golf and players' evolving skills and dedication. Affluent demographics, perceiving golf equipment as both performance enhancers and status symbols, fuel this premium growth. They readily justify higher expenditures for the perceived benefits of quality and exclusivity. The premium segment stands out by integrating technological advancements, offering custom fitting services, and emphasizing brand prestige, all of which elevate its appeal beyond mere functionality. Moreover, professional endorsements and validation on tours significantly bolster marketing efforts, as golfers gravitate towards equipment favored by industry professionals. These dynamics mirror a broader consumer shift towards premiumization in sporting goods, where decisions are influenced by performance, craftsmanship, and brand association, transcending basic equipment needs.

By End Use: Adult Market Leadership

In 2024, adults command a dominant 85.92% share of the market, underscoring golf's traditional appeal to this demographic. Purchasing golf equipment often demands a hefty disposable income, a luxury typically found among working adults. This adult demographic spans recreational golfers, serious amateurs, and seasoned professionals, each with unique equipment needs and purchasing habits that influence product categories and pricing. Notably, working professionals stand out as a key subsegment, leveraging their financial means and social inclinations to invest in premium golf equipment for both business and leisure. According to the Bureau of Labor Statistics, as of October 2024, there were 133.89 million full-time employees in the United States, indicating an increased demand[2]Source: Bureau of Labor Statistics, "Monthly number of full-time employees in the United States from October 2022 to October 2024", www.bls.gov. This adult market enjoys established buying habits, brand loyalty, and a propensity to upgrade equipment as their skills and incomes rise over their careers. Recognizing their significance as primary revenue sources and decision-makers in family golf participation, equipment manufacturers channel substantial marketing and product development efforts towards adult consumers.

Meanwhile, the kids/children segment is poised for the most robust growth, projected at a 5.54% CAGR from 2025 to 2030. This surge is fueled by institutional programs and a growing trend of family participation, underscoring the importance of youth engagement for the sport's future. Major golf organizations are leading the charge, pouring investments into junior development initiatives, thereby crafting structured pathways for young golfers. As parents increasingly introduce their children to golf, viewing it as a shared family activity, the segment reaps the benefits of multi-generational equipment purchases. However, crafting equipment for younger players presents its own set of challenges, necessitating distinct specifications, materials, and pricing. 

Golf Equipment Market: Market Share by End Use
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By Distribution Channel: Offline Store Dominance

In 2024, offline stores command a dominant 78.23% market share, underscoring the enduring significance of physical retail in the golf equipment sector. Traditional pro shops, specialty golf retailers, and sporting goods outlets offer indispensable services like custom fitting and expert consultations, services that online platforms struggle to replicate. Golfers often prefer the tactile experience of selecting equipment, needing to handle clubs and test swing weights. Such hands-on interactions, coupled with professional fittings, are vital for optimizing equipment choices. Moreover, professional advice and equipment recommendations frequently happen in-store, fostering customer relationships that transcend single transactions. These physical outlets also act as testing grounds for new products, enabling manufacturers to receive instant feedback and showcase innovations directly to potential buyers.

From 2025 to 2030, online channels are projected to grow at a robust 5.95% CAGR, mirroring the broader trend of e-commerce adoption. Direct-to-consumer strategies are gaining traction, emphasizing convenience, competitive pricing, and a wider product range. This digital evolution is highlighted by niche online platforms that seamlessly blend product education with personalized recommendations, streamlining the purchasing journey for golf enthusiasts. The online realm particularly resonates with younger consumers, who appreciate the ease of home delivery, hassle-free returns, and the ability to review and compare products. Equipment manufacturers are crafting omnichannel strategies, harnessing online platforms for product education while retaining physical stores for hands-on fitting and demonstrations. This shift in distribution dynamics empowers smaller and niche brands to connect directly with consumers, bypassing traditional retail channels. While this surge in competition and innovation poses challenges, it also pressures established players to recalibrate and align with evolving consumer preferences, often at the cost of their margins.

Geography Analysis

In 2024, North America commands a dominant 48.47% share of the global golf equipment market. The region boasts the world's largest base of golf participants. National Golf Foundation (NGF), in 2023, around 26.6 million people in the United States played golf, representing an increase of around 4% from the previous year[3]Source: National Golf Foundation (NGF), "Number of people participating in golf in the United States from 2007 to 2023", www.ngf.org. Major golf organizations in the region underscore this institutional backing, making substantial financial investments in player development and facility enhancements, thereby ensuring a consistent demand for equipment. With a more diverse participant base, manufacturers are pivoting, crafting products and marketing strategies that resonate with a wider audience. Both Canada and Mexico play pivotal roles in this regional growth, bolstering golf tourism and facilitating a cross-border trade in equipment. Furthermore, the region's established market dynamics favor premium product sales and the swift adoption of technological innovations.

Asia-Pacific is on the rise, boasting a robust 6.25% CAGR projected from 2025 to 2030. This growth is largely fueled by proactive government initiatives. A prime example is Golf Saudi's strategic endeavors, which include the Aramco Team Series and the PIF Saudi International tournament. Simultaneously, infrastructure is booming, with new courses sprouting in Vietnam, Indonesia, and other burgeoning markets. The region's expansion is further buoyed by increasing disposable incomes, a burgeoning golf tourism sector, and the rising prominence of Asian players on global tours, which in turn spurs local participation and equipment sales. Within Asia-Pacific, China, Japan, and India stand out as the largest markets, each showcasing unique traits: China is rapidly developing its golf infrastructure, Japan leans towards premium equipment in its established market, and India's burgeoning middle class is increasingly viewing golf as a symbol of status.

Europe's golf scene is thriving, buoyed by a solid base of 14 million golfers and substantial institutional support. A testament to this backing is The R&A's impressive GBP 200 million investment spread over a decade, aimed at boosting participation. Companies like Srixon are championing comprehensive environmental visions and eco-friendly product lines. Concurrently, golf course certification programs, such as the GEO Certified® Development recognition, are steering facilities towards sustainable practices. Meanwhile, South America, the Middle East, and Africa are emerging as new frontiers in the golf equipment market. Infrastructure projects, like the inaugural golf course in Benin and Saudi Arabia's bold golf tourism push, are lighting the way. Yet, these regions grapple with challenges: equipment distribution hurdles, cost-related barriers, and a general lack of awareness. Thankfully, with government backing and international investments, many of these issues are being tackled, unveiling fresh opportunities for adaptive equipment manufacturers.

Golf Equipment Market
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Competitive Landscape

The Golf Equipment Market is consolidated, with dominant players holding significant market shares while regional and niche brands maintain competitive pressure. Leading companies such as Topgolf, Callaway Brands Corp., Misto Holdings Corp., Sumitomo Rubber Industries, Ltd, Mizuno Corporation, and TaylorMade Golf Co. Inc. capitalize on their extensive product portfolios and robust global distribution networks. 

The market's growth is driven by advancements in materials and technology, endorsements from professional golfers, and increasing golf participation in emerging regions, which collectively shape its dynamics. Simultaneously, manufacturers are embedding smart sensors and connectivity features into golf equipment, enabling data-driven customer experiences and fostering innovation in the market.

Emerging disruptors are leveraging technology and direct-to-consumer business models to challenge established players. Additionally, sustainability-focused companies like Greenup are introducing eco-friendly alternatives, such as golf tees made from recycled coffee grounds, to cater to environmentally conscious consumers. The competitive landscape is also influenced by potential ownership changes. Reports suggest that TaylorMade's private equity owner is preparing for a potential sale, a development that could significantly reshape market dynamics and alter competitive positioning.

Golf Equipment Industry Leaders

  1. Topgolf Callaway Brands Corp.

  2. Misto Holdings Corp.

  3. Sumitomo Rubber Industries, Ltd

  4. TaylorMade Golf Co. Inc.

  5. Mizuno Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Golf Equipment Market
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Recent Industry Developments

  • April 2025: Callaway Apparel has introduced the Callaway Legacy Collection, an all-new golf clothing range that seamlessly blends heritage with contemporary versatility, featuring refined details like collegiate-inspired badges, sporty contrast blocking, and jacquard fabrics for enhanced performance and breathability.
  • April 2025: Lupr has officially entered the premium golf apparel market after nearly two years of development, debuting a collection that features high-quality polos and mid-layers crafted with recycled materials for modern sustainability. Lupr’s spring and summer range is now available across the United Kingdom, emphasizing quiet luxury and environmental responsibility in its product offerings.
  • April 2025: Adidas has launched its Originals Golf collection, bringing the iconic Trefoil logo and classic sneaker silhouettes like the Gazelle, Stan Smith, Samba, and Superstar to the golf course with modern updates for both men and women. According to the brand, the range blends vintage Adidas heritage from the ‘70s and ‘80s with contemporary golf performance, featuring new footwear such as the COURSECUP and apparel in bold, stylish colorways inspired by sport and streetwear trends.
  • February 2025: Srixon has introduced the latest generation of SOFT FEEL golf balls, featuring an updated FastLayer Core that delivers increased ball speeds for enhanced distance while maintaining an irresistibly soft feel at impact. According to the brand, the new design includes a 338 Speed Dimple Pattern for improved aerodynamics and a soft, thin cover for better greenside spin, with options like SOFT FEEL BRITE and SOFT FEEL LADY catering to different player preferences.

Table of Contents for Golf Equipment Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising popularity of golf among younger and female demographics
    • 4.2.2 Technological innovations in golf equipment
    • 4.2.3 Expansion of golf tourism and travel
    • 4.2.4 Government and institutional support programs
    • 4.2.5 Focus on sustainable and eco-friendly products
    • 4.2.6 Growth of golf entertainment venues and simulator-based play
  • 4.3 Market Restraints
    • 4.3.1 High initial investment and cost of equipment
    • 4.3.2 Limited awareness and accessibility in emerging markets
    • 4.3.3 Weather dependency affecting play frequency
    • 4.3.4 Complexity and learning curve
  • 4.4 Consumer Behaviour Analysis
  • 4.5 Regulatory Outlook
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Bargaining Power of Suppliers
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Threat of New Entrants
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Degree of Competition

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Product Type
    • 5.1.1 Golf Club
    • 5.1.2 Golf Balls
    • 5.1.3 Golf Bags and Accessories
    • 5.1.4 Apparel
    • 5.1.5 Footwear
    • 5.1.6 Other Product Types
  • 5.2 By Category
    • 5.2.1 Mass
    • 5.2.2 Premium
  • 5.3 By End Use
    • 5.3.1 Adult
    • 5.3.2 Kids/Children
  • 5.4 By Distribution Channel
    • 5.4.1 Offline Channel
    • 5.4.2 Online Channel
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.1.4 Rest of North America
    • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 Italy
    • 5.5.2.4 France
    • 5.5.2.5 Spain
    • 5.5.2.6 Netherlands
    • 5.5.2.7 Poland
    • 5.5.2.8 Belgium
    • 5.5.2.9 Sweden
    • 5.5.2.10 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 India
    • 5.5.3.3 Japan
    • 5.5.3.4 Australia
    • 5.5.3.5 Indonesia
    • 5.5.3.6 South Korea
    • 5.5.3.7 Thailand
    • 5.5.3.8 Singapore
    • 5.5.3.9 Rest of Asia-Pacific
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Colombia
    • 5.5.4.4 Chile
    • 5.5.4.5 Peru
    • 5.5.4.6 Rest of South America
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 South Africa
    • 5.5.5.2 Saudi Arabia
    • 5.5.5.3 United Arab Emirates
    • 5.5.5.4 Nigeria
    • 5.5.5.5 Egypt
    • 5.5.5.6 Morocco
    • 5.5.5.7 Turkey
    • 5.5.5.8 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (Includes Global-level Overview, Market-level Overview, Core Segments, Financials (if available), Strategic Info, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Topgolf Callaway Brands Corp.
    • 6.4.2 Misto Holdings Corp.
    • 6.4.3 Sumitomo Rubber Industries, Ltd
    • 6.4.4 TaylorMade Golf Co. Inc.
    • 6.4.5 Karsten Manufacturing Corporation(Ping Inc.)
    • 6.4.6 Mizuno Corporation
    • 6.4.7 Bridgestone Sports Co. Ltd.,
    • 6.4.8 PumaSE
    • 6.4.9 Adidas Group
    • 6.4.10 Nike, Inc.
    • 6.4.11 Amer Sports(Wilson Sporting Goods Co)
    • 6.4.12 Parsons Xtreme Golf, LLC
    • 6.4.13 Honma Golf Co., Ltd.
    • 6.4.14 Tour Edge Golf Mfg., Inc.
    • 6.4.15 Volvik Inc.
    • 6.4.16 Bettinardi Golf, Inc.
    • 6.4.17 LA Golf Partners, Inc.
    • 6.4.18 TheParkside Group(MacGregor Golf Company i)
    • 6.4.19 Golf Brands Inc(Ben Hogan Golf Equipment Company, LLC)
    • 6.4.20 Yonex Co., Ltd.

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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Global Golf Equipment Market Report Scope

Golf is a precision ball sport where players, using clubs, aim to hit balls into a series of holes on a course in as few strokes as possible. It combines skill, strategy, and sportsmanship, attracting enthusiasts worldwide.

The golf equipment market is segmented by product type, distribution channel, and geography. Based on the product type, the market is segmented into golf clubs, golf balls, golf bags and accessories, apparel, and footwear. The market is segmented by distribution channel into offline and online retail stores. The market also covers the global-level analysis of major regions, such as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. For each segment, the market sizing and forecasts were made based on value (USD million).

By Product Type
Golf Club
Golf Balls
Golf Bags and Accessories
Apparel
Footwear
Other Product Types
By Category
Mass
Premium
By End Use
Adult
Kids/Children
By Distribution Channel
Offline Channel
Online Channel
By Geography
North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
Italy
France
Spain
Netherlands
Poland
Belgium
Sweden
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Indonesia
South Korea
Thailand
Singapore
Rest of Asia-Pacific
South America Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
Middle East and Africa South Africa
Saudi Arabia
United Arab Emirates
Nigeria
Egypt
Morocco
Turkey
Rest of Middle East and Africa
By Product Type Golf Club
Golf Balls
Golf Bags and Accessories
Apparel
Footwear
Other Product Types
By Category Mass
Premium
By End Use Adult
Kids/Children
By Distribution Channel Offline Channel
Online Channel
By Geography North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
Italy
France
Spain
Netherlands
Poland
Belgium
Sweden
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Indonesia
South Korea
Thailand
Singapore
Rest of Asia-Pacific
South America Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
Middle East and Africa South Africa
Saudi Arabia
United Arab Emirates
Nigeria
Egypt
Morocco
Turkey
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current value of the golf equipment market?

The golf equipment market is estimated at USD 9.24 million in 2025.

Which product type segment generates the most revenue?

Golf clubs remain the largest segment, accounting for 38.84% of 2024 revenue.

What CAGR is forecast for the Asia-Pacific region?

Asia-Pacific is projected to register a 6.25% CAGR from 2025 to 2030.

How significant is online sales growth?

Online channels are expected to expand at a 5.95% CAGR, the fastest among distribution categories.

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