Global golf ball market

The golf ball market dimension is predicted to succeed in $1.356 billion by 2032; North America dominates with 35% of the market share

New York, March 21, 2023 (GLOBE NEWSWIRE) — The worldwide golf ball market was valued atUSD 1,046.2 millionin 2022 and is predicted to succeed in 1356.6 million {dollars}by 2032. Between 2023 and 2032, this market is estimated to expertise the best CAGR of 2.7%. The development of golf tourism, the development of latest golf programs and the rise in expendable earnings of customers are a number of the main drivers of the golf ball market.

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Takeaway key:

  • By kindin 2022, the 4 items phase generated the best share of income in 2022.
  • By utilityTHE skilled golf dominated the market and accounted for the most important international income in 2022.
  • In 2022, North America dominated the market with the best income share of 35%.
  • Asia Pacific the area is projected to develop at a big CAGR from 2023 to 2032.

Governments around the globe are organizing tournaments and seminars. They’re additionally engaged on growing skilled golf programs to put money into tourism. That is additionally entitled to the expansion of the market in the course of the forecast interval.

Components affecting the development of the golf ball market

There are a number of components that may have an effect on the expansion of the golf ball market. A few of these components embody:

  • Rising earnings: Because of speedy urbanization and excessive capital earnings, persons are extra inclined to golf on the course. 41% of Individuals play golf ball sport and spend extra on golf video games, fueling market development.
  • Rising golf tourism: Golf tourism is a crucial tourism trade when it comes to common day by day expenditure per customer. Golf tourism generates social and political controversy as a consequence of that it’s extra standard amongst individuals which has elevated the demand for golf balls in tourism.
  • Technological Advances: With advances in golf ball manufacturing akin to lasers for distance measurement, golfers can simply entry the variety of yards wanted for every shot. It additionally consists of steering wobble, time and angle sensors. This advance makes the game of golf extra standard
  • COVID-19: The COVID-19 disaster has led to lockdowns, closures of golf programs and curfews in addition to indoor and out of doors sports activities venues which negatively affect the expansion of the market.

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Main traits within the international golf ball market

The rising pattern of golf tourism is driving the expansion of the golf ball market worldwide. Because of busy and busy life, individuals desire golf programs which include stunning surroundings, recent air, sunshine and gorgeous views.

Well being consciousness and advantages of sports activities amongst people are rising everywhere in the world, so persons are extra inclined in direction of indoor and out of doors sports activities like golf. Innovation and technological developments within the golf trade are main components enabling producers to supply golf simulators, that’s the reason persons are repeatedly transferring in direction of the game of golf.

Market development

The speedy development has been pushed by the recognition and excessive hopes of golfers for the sport as a future alternative. The variety of rounds performed by a golfer has elevated and increasingly more persons are visiting the golf course. Golf is extra standard with individuals around the globe as a consequence of decrease threat accidents and fewer bodily exercise. Research have discovered that fixed publicity to inexperienced areas reduces stress, relaxes the physique and reduces anxiousness as a consequence of these individuals susceptible to golf which is a serious development driver of the golf ball market.

Regional evaluation

The golf ball market was dominated by North America, which captured the most important income share of 35% in 2022. Over 17,000 golf programs, of which roughly 13,000 are public golf equipment and 4,000 personal golf equipment, are positioned within the area north american. Moreover, the area incorporates a number of main gamers akin to Nike, Inc. and Callaway Golf Firm. Dixon Golf Co.

Asia Pacific is predicted to develop on the quickest CAGR in the course of the forecast interval as a result of improvement of 180 new initiatives. China and India rank among the many high 20 nations within the golf world and maintain important contributions to regional development.

Europe is poised for regular development because of its actual property presence and rising golf tourism trade.

Aggressive panorama

The businesses associate with resorts and accommodations around the globe to develop golf amenities and provide balls to advertise the game. In addition they concentrate on mergers and acquisitions as a part of their enterprise technique to drive development. Not too long ago, it has been noticed that rising markets, particularly Asian nations akin to China and India, are more and more adopting golf as a sport and leisure exercise.

A number of the main gamers embody Callaway Golf Co., Dixon Golf, In, Mizuno Corp., Nike Golf, Inc., TaylorMade Golf Co., Inc., Bridgestone Golf, Inc, Sumitomo Rubber Industries Ltd, OnCore Golf Know-how Inc., Tee Ventures (India) Pvt. Ltd., Toppoint Corp. Ltd., Turner Broadcasting System, Inc., XXIO Golf, different key gamers.

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Scope of the Report

Ratio attribute Particulars
Market worth (2022) USD 1,046.2 million
Market dimension (2032) 1356.6 million {dollars}
CAGR (from 2023 to 2032) 2.7%
North American income share 35%
Historic interval from 2016 to 2022
Reference yr 2022
Forecast yr from 2023 to 2032

Market drivers

Many firms have invested in individuals and expanded their in-store service mannequin to turn into trusted advisors to golf fanatics of all ranges.

The rise in authorities initiatives to advertise sports activities participation and buying energy, together with the event of latest merchandise, is the main issue for the expansion of the golf ball market.

The concentrate on excessive earnings ranges and rising residing requirements in developed nations is driving the expansion of the golf ball market.

Market restrictions

Authorities companies of varied nations design and implement nationwide legal guidelines and laws associated to sport. Golf ball guidelines akin to dimension, weight, spherical symmetry, muzzle velocity and gross distance efficiency of golf balls are the main issue restraining the market development.

Market alternative

The sport of golf has benefited from an enormous improve in turnover and new gamers, and golf programs around the globe function protected and gratifying environments. Technological advances in golf ball manufacturing are additionally anticipated to create profitable development alternatives within the international golf ball market.

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Report segmentation of the golf ball market

Sort Instinct

On a foundation of kind, the 4-Piece phase is dominant available in the market with the most important market share and is predicted to proceed to dominate in the course of the forecast interval. Skilled golfers’ choice for top stability and low spin is predicted to drive development within the phase. As well as, the 4-piece golf balls provide higher air stability and ball management.

Utility info

Primarily based on the applying, the skilled golf phase was dominant available in the market with the most important market income share in 2022. A number of golf associations cooperate to advertise the game amongst youth which is the main issue for the expansion of the skilled golf phase. skilled golf. In recent times many applications have been launched around the globe to advertise the acceptance of golf as knowledgeable sport amongst younger individuals

Market segmentation

By kind

Utility primarily based

By Geography

  • North America
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Eire
    • Austria
    • Swiss
    • Benelux
    • Nordic
    • Remainder of Western Europe
  • Jap Europe
    • Russia
    • Poland
    • Czech Republic
    • Greece
    • Remainder of Jap Europe
  • APAC extension
    • China
    • Japan
    • South Korea
    • India
    • Australia and New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Remainder of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Remainder of Latin America
  • Center East and Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Remainder of the MEA

Main gamers available in the market

  • Callaway Golf Co.
  • Dixon Golf, In
  • Mizuno Corp.
  • Nike Golf Inc.
  • TaylorMade Golf Co., Inc.
  • Bridgestone Golf, Inc
  • Sumitomo Rubber Industries Ltd
  • OnCore Golf Know-how Inc.
  • Tee Ventures (India) Pvt. Ltd.
  • Toppoint Corp. Ltd.
  • Turner Broadcasting System, Inc.
  • XXIO Golf
  • Different key gamers

For extra insights into historic and forward-looking market information from 2016 to 2032, obtain a pattern report at

Latest improvement of the golf ball market

  • In 2023, Titleist releases the brand new 2023 Professional V1 and Professional V1X golf balls on the PGA Tour.
  • In 2022, TaylorMade Golf Firm introduced the acquisition of South Korea-based golf ball manufacturing firm, Nassau Golf Co Ltd, as the corporate seeks to combine its international golf ball operations.

Browse different associated stories:

  • Canadian golf market it’s projected to be $156.4 million in 2021 to succeed in $188.2 million by 2032 at a CAGR of 1.7%.
  • Sports activities gear market is predicted to be value roughly $6,06610.75 million by 2032 from $3,32403 million in 2022, rising at a CAGR of 6.20% in the course of the forecast interval 2022 to 2032.
  • Golf Gear Manufacturing Market it elevated at an annual development price of 4.1%, reaching USD 11.42 billion in 2032 from USD 7.34 billion in 2021.
  • Sports activities footwear market it’s anticipated to be value about $203.84 billion from $115.5 billion in 2022. This market is projected to develop at a compound annual development price of 5.3% between 2023 and 2032.
  • Sports activities baggage market it was estimated at $2.00 billion in 2019 and is predicted to succeed in $2.07 billion in 2020.

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