South Africa Golf Equipment Market Size & Outlook
South Africa golf equipment market, 2017-2030 (US$M)
Related Markets
South Africa golf equipment market highlights
- The South Africa golf equipment market generated a revenue of USD 153.2 million in 2021 and is expected to reach USD 192.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.6% from 2022 to 2030.
- In terms of segment, golf club was the largest revenue generating product in 2021.
- Golf Gear 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 153.2 million |
| Market revenue in 2030 | USD 192.3 million |
| Growth rate | 2.6% (CAGR from 2021 to 2030) |
| Largest segment | Golf club |
| Fastest growing segment | Golf Gear |
| 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, South Africa accounted for 2.1% 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 Middle East & Africa, South Africa golf equipment market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 192.3 million by 2030.
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Golf Equipment Market Scope
Golf Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 47.32% in 2021. Horizon Databook has segmented the South Africa 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.
South Africa is the fastest-growing market for golf equipment in the Middle East & Africa owing to the highest number of golf facilities. The country had 484 golf facilities in 2017. Presence of golf facilities in Africa is majorly present in South Africa.
It accounts for 55% of Africa’s golf facilities. However, growing economy and rising disposable among consumers are boosting the demand for golf equipment in the country. Also, South Africa as a golf tourism destination has encouraged the further development of the domestic demand for the product.
Growth in online retailing in the country is projected to support the growth of golf equipment market. The demand for equipment has gained traction among consumers from big e-commerce giants such as Amazon and e-Bay.
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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 South Africa golf equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Africa golf equipment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa golf equipment market size, by product, 2017-2030 (US$M)
South Africa Golf Equipment Market Outlook Share, 2021 & 2030 (US$M)
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