Golf Equipment - Asia
Asia- In 2024, the Golf Equipment market in Asia is projected to generate a revenue of US$17.4bn.
- This market segment is expected to grow at an annual rate of 5.62% from 2024 to 2029 (CAGR 2024-2029).
- When compared globally, China leads the way in terms of revenue, generating US$8.9bn in 2024.
- In relation to the total population, the per person revenue in Asia for 2024 is estimated to be US$3.82.
- In Asia, Japan's golf equipment market is thriving, with a strong demand for high-quality clubs and innovative technology.
- Key regions:
- United States,
- Indonesia,
- China,
- Europe,
- India
Definition:
Golf equipment refers to the tools and accessories used for playing golf, such as clubs, balls, bags, gloves, shoes, and carts. The equipment can be broadly classified into two categories: playing gear and accessories. Playing gear includes items such as clubs, balls, and bags, while accessories include items such as gloves, shoes, and carts. The golf equipment market is highly dependent on factors such as the popularity of the sport, technological advancements in equipment design, and the availability of raw materials.
Additional Information:
The market comprises revenue and average revenue per capita. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Acushnet Holdings, Callaway Golf, TaylorMade Golf, and Ping. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.
In-Scope
- Golf clubs
- Golf balls
- Golf bags, gloves, trolleys, carts, and other golf accessories
Out-Of-Scope
- Golf polos, hats, and other sports apparel
- Golf shoes and other sports footwear
