North America Golf Club Market Size & Outlook, 2019-2027
- Consumer Goods
- Sporting Goods
- Golf Club Market Outlook
- Sporting Goods
North America Golf Club Market, 2016-2027 (US$M)
Global Market
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North America golf club market highlights
- The North America golf club market generated a revenue of USD 1,655.5 million in 2019.
- The market is expected to grow at a CAGR of 2.4% 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, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 1,655.5 million |
| Market revenue in 2027 | USD 1,999.8 million |
| Growth rate | 2.4% (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, North America region accounted for 45.2% 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.
North America is projected to account for a market share of 45.0% of the global golf clubs market by 2027 on account of the growing consumer interest in golf as a sport. The rise in the number of golf facilities and increasing interest in golf as a sport are expected to drive the growth of the golf club market over the forecast period. Customizable and assorted golf clubs are becoming popular among consumers, which is anticipated to boost the demand for golf clubs over the forecast period.
Innovative clubs such as hybrid clubs made from higher-lofted woods and iron, are gaining popularity among consumers, thereby driving their demand. On the other hand, extended durability of iron clubs can considerably affect the product repurchase cycle, which acts as a restraint for the growth of the segment.
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 |
North America 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 75.86% in 2019.
Horizon Databook has segmented the North America golf club market based on leisure, professional covering the revenue growth of each sub-segment from 2016 to 2027.
North America is projected to account for a market share of 45.0% of the global golf clubs market by 2027 on account of the growing consumer interest in golf as a sport. The rise in the number of golf facilities and increasing interest in golf as a sport are expected to drive the growth of the golf club market over the forecast period. Customizable and assorted golf clubs are becoming popular among consumers, which is anticipated to boost the demand for golf clubs over the forecast period.
Innovative clubs such as hybrid clubs made from higher-lofted woods and iron, are gaining popularity among consumers, thereby driving their demand. On the other hand, extended durability of iron clubs can considerably affect the product repurchase cycle, which acts as a restraint for the growth of the segment.
- North America Golf Club Market Application Outlook (Revenue, USD Million , 2016-2027)
- Leisure
- Professional
- North America 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 North America Golf Club Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Golf Club Market Outlook from 2016 to 2027, including revenue numbers, major trends, and company profiles.
North America Golf Club Market, 2016-2027 (US$M)
North America golf club market statistics, by application, 2016-2027 (US$M)
