Asia Pacific Golf Club Market Size & Outlook, 2019-2027
- Consumer Goods
- Sporting Goods
- Golf Club Market Outlook
- Sporting Goods
Asia Pacific Golf Club Market, 2016-2027 (US$M)
Global Market
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Asia Pacific golf club market highlights
- The Asia Pacific golf club market generated a revenue of USD 708.3 million in 2019.
- The market is expected to grow at a CAGR of 3.3% from 2020 to 2027.
- In terms of segment, leisure was the largest revenue generating application in 2019.
- Leisure is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 708.3 million |
| Market revenue in 2027 | USD 918.1 million |
| Growth rate | 3.3% (CAGR from 2019 to 2027) |
| Largest segment | Leisure |
| Fastest growing segment | Leisure |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Leisure, Professional |
| Key market players worldwide | Topgolf Callaway Brands Corp, Acushnet Holdings Corp, Sumitomo Rubber Industries Ltd, Mizuno Corp, Amer Sports Inc, Bridgestone Corp, TaylorMade Golf, Bettinardi Golf, Ben Hogan Golf |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.4% of the global golf club market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 918.1 million by 2027.
Asia Pacific offers strong growth potential for golf clubs owing to the rising golf-playing population and increasing disposable income of the middle-class population. The sales of golf equipment are mainly driven by an increasing number of golf tournaments and a growing number of participants.
While the sport is more commonly played by men, the number of women golfers has increased over the past few years. As per HSBC Golf Report, Asia holds the highest number of female golfers across the globe, wherein 6 out of top 10 players hail from Asia.
Key Regions:U.S., UK, Brazil, China, South Africa
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Golf Club Market Scope
Golf Club Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Topgolf Callaway Brands Corp | View profile | 32,000 | 2180 Rutherford Road, Carlsbad, CA, United States, 92008 | www.topgolfcallawaybrands.com |
| Acushnet Holdings Corp | View profile | 7,300 | 333 Bridge Street, Fairhaven, MA, United States, 02719 | www.acushnetholdingscorp.com |
| Bridgestone Corp | View profile | 125,199 | 1-1-3 Kyobashi, Chuo-ku, Tokyo, Japan, 104-8340 | www.bridgestone.co.jp |
| Mizuno Corp | View profile | 5,310 | 1-12-35 Nanko-Kita Suminoe-ku, Osaka-shi, Japan, 559-8510 | www.mizuno.co.jp |
| Amer Sports Inc | View profile | 11,400 | Konepajankuja 6, Helsinki, Finland, 00511 | www.amersports.com |
| Sumitomo Rubber Industries Ltd | View profile | 42,997 | 3-6-9, Wakinohama-cho, Chuo-ku, Hyogo, Kobe, Japan, 651-0072 | www.srigroup.co.jp |
| TaylorMade Golf | View profile | 1001-5000 | Carlsbad, California, United States, North America | taylormadegolf.com/home |
| Bettinardi Golf | View profile | 51-100 | Tinley Park, Illinois, United States, North America | bettinardi.com |
| Ben Hogan Golf | View profile | 11-50 | Fort Worth, Texas, United States, North America | benhogangolf.com |
Asia Pacific Golf Club Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Golf Club Market Outlook will help companies and investors design strategic landscapes.
Leisure was the largest segment with a revenue share of 85.88% in 2019.
Horizon Databook has segmented the Asia Pacific golf club market based on leisure, professional covering the revenue growth of each sub-segment from 2016 to 2027.
Asia Pacific offers strong growth potential for golf clubs owing to the rising golf-playing population and increasing disposable income of the middle-class population. The sales of golf equipment are mainly driven by an increasing number of golf tournaments and a growing number of participants.
While the sport is more commonly played by men, the number of women golfers has increased over the past few years. As per HSBC Golf Report, Asia holds the highest number of female golfers across the globe, wherein 6 out of top 10 players hail from Asia.
- Asia Pacific Golf Club Market Application Outlook (Revenue, USD Million , 2016-2027)
- Leisure
- Professional
- Asia Pacific Golf Club Market Distribution Channel Outlook (Revenue, USD Million , 2016-2027)
- Sporting Goods Retailers
- Online
- Department & Discount Stores
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Golf Club Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Golf Club Market Outlook from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Asia Pacific Golf Club Market, 2016-2027 (US$M)
Asia Pacific golf club market statistics, by application, 2016-2027 (US$M)
