Japan Golf Equipment Market Size & Outlook, 2021-2030
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Japan golf equipment market highlights
- The Japan golf equipment market generated a revenue of USD 384.6 million in 2021 and is expected to reach USD 580.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.7% 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.
Golf equipment market data book summary
| Market revenue in 2021 | USD 384.6 million |
| Market revenue in 2030 | USD 580.9 million |
| Growth rate | 4.7% (CAGR from 2022 to 2030) |
| Largest segment | Golf club |
| Fastest growing segment | Golf Footwear & Apparel |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Japan accounted for 5.4% of the global golf equipment market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China golf equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 304.0 million by 2030.
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Golf Equipment Market Scope
Golf Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| TaylorMade Golf | View profile | 1001-5000 | Carlsbad, California, United States, North America | http://taylormadegolf.com/home |
| Wilson Bank Holding Co | View profile | 584 | 623 West Main Street, Lebanon, TN, United States, 37087 | https://www.wilsonbank.com |
| Ping An Insurance (Group) Co. of China Ltd ADR | View profile | 288751 | No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, China, People's Republic of, 518033 | https://www.pingan.cn |
| Sumitomo Rubber Industries Ltd | View profile | 42997 | 3-6-9, Wakinohama-cho, Chuo-ku, Hyogo, Kobe, Japan, 651-0072 | http://www.srigroup.co.jp |
| Fairfax Financial Holdings Ltd Shs Subord.Vtg | View profile | 51044 | 95 Wellington Street West, Suite 800, Toronto, ON, Canada, M5J 2N7 | https://www.fairfax.ca |
| Mizuno Corp | View profile | 5310 | 1-12-35 Nanko-Kita Suminoe-ku, Osaka-shi, Japan, 559-8510 | http://www.mizuno.co.jp |
| Srixon | View profile | 101-250 | Huntington Beach, California, United States, North America | https://www.srixon.com/ |
| Acushnet Holdings Corp | View profile | 7300 | 333 Bridge Street, Fairhaven, MA, United States, 02719 | https://www.acushnetholdingscorp.com |
| Topgolf Callaway Brands Corp | View profile | 32000 | 2180 Rutherford Road, Carlsbad, CA, United States, 92008 | https://www.topgolfcallawaybrands.com |
Japan 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 50.62% in 2021. Horizon Databook has segmented the Japan 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 golf equipment market is primarily driven by Japan owing to the availability of a large number of golf facilities in the country. Japan has 2,290 golf facilities, which is the highest in Asia Pacific.
Most of the golfers in the Japan holds golf membership and have high participation rate. In Japan, out of total golfers holding membership 15.0% accounts for corporate membership, having significant impact on the demand of golf equipment’s.
Golfers in the region are inclined toward purchasing the right equipment for improving their performance as well as emphasizing on following the attire while playing golf. Hence, golf gear, footwear, and apparel are witnessing a high demand compared to other segments.
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Our clientele includes a mix of golf equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan golf equipment market , including forecasts for subscribers. This country databook contains high-level insights into Japan golf equipment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan golf equipment market size, by product, 2017-2030 (US$M)
Japan Golf Equipment Market Outlook Share, 2021 & 2030 (US$M)
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