Asia Pacific Golf Equipment Market Size & Outlook
Asia Pacific golf equipment market, 2017-2030 (US$M)
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Asia Pacific golf equipment market highlights
- The Asia Pacific golf equipment market generated a revenue of USD 1,733.8 million in 2021.
- The market is expected to grow at a CAGR of 5.8% from 2022 to 2030.
- In terms of segment, golf club was the largest revenue generating product in 2021.
- Golf Footwear & Apparel is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 1,733.8 million |
| Market revenue in 2030 | USD 2,890.2 million |
| Growth rate | 5.8% (CAGR from 2021 to 2030) |
| Largest segment | Golf club |
| Fastest growing segment | Golf Footwear & Apparel |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Golf Club, Golf Balls, Golf Gear, Golf Footwear & Apparel |
| Key market players worldwide | Topgolf Callaway Brands Corp, Srixon, Acushnet Holdings Corp, TaylorMade Golf, Sumitomo Rubber Industries Ltd, Mizuno Corp, Wilson Bank Holding Co, Fairfax Financial Holdings Ltd Shs Subord.Vtg, Ping An Insurance (Group) Co. of China Ltd ADR |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.2% of the global golf equipment market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,890.2 million by 2030.
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Golf Equipment Market Scope
Golf Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific golf equipment 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 equipment market will help companies and investors design strategic landscapes.
Golf club was the largest segment with a revenue share of 46.82% in 2021. Horizon Databook has segmented the Asia Pacific golf equipment market based on golf club, golf balls, golf gear, golf footwear & apparel covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific offers strong growth potential for golf equipment owing to the rising golf-playing population and increasing disposable income of the middle-class. The sales of golf equipment are majorly driven by an increasing number of golf tournaments and a growing number of participants.
Males in the region already dominate the sport, however, the growing female interest is a contributing factor to the market growth. Asia holds the highest number of female golfers across the globe, wherein 6 out of top 10 players hail from Asia.
The major factor for the high number of professional players in the region is due to the time players spend on perfecting their swings by using the desired equipment such as clubs, gloves and other gears to achieve it.
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Target buyers of Asia Pacific golf equipment market databook
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Our clientele includes a mix of golf equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific golf equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific golf equipment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific golf equipment market size, by country, 2017-2030 (US$M)
Asia Pacific Golf Equipment Market Outlook Share, 2021 & 2030 (US$M)
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