The Business Research Company’s Golf Club Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Golf Club Global Market Report 2023 evaluates golf club market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global golf club market is expected to grow from $6.51 billion in 2022 to $6.82 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The golf club market is expected to reach $7.9 billion in 2027 at a CAGR of 3.8%.
Increasing government initiatives to promote golf tourism are expected to propel the growth of the golf club market going forward. Golf tourism refers to tourist activities whose primary purpose is to play golf as a secondary activity while on vacation or a business trip. Golf clubs are used in golf tourism as essential playing equipment and the primary infrastructure for golfing experiences. Government initiatives support the golf industry’s growth by creating a positive environment and collaborating with national and international golf organizations. For instance, in August 2022, the RBC Canadian Open and CP Women’s Open, Canada-based professional golf tournaments, received a $4.4 million investment from the federal government of Canada to create critical economic benefits and attract tourists across the region. Therefore, the increasing government initiatives to promote golf tourism are driving the growth of the golf club market.
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The golf club market segments in the report are:
1) By Product Type: Woods, Hybrids, Irons, Wedges, Putters
2) By Hand Orientation: Left-Hand Clubs, Right-Hand Clubs
3) By Price Range: Premium Or High, Economy Or Mid-Range
4) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online Retail, Other Distribution Channels
5) By Application: Leisure, Professional
The table of contents in TBRC’s golf club market report includes:
- Executive Summary
- Golf Club Market Characteristics
- Golf Club Market Trends And Strategies
- Golf Club Market – Macro Economic Scenario
- Golf Club Market Segmentation.
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- Global Golf Club Market Competitive Benchmarking
- Global Golf Club Market Competitive Dashboard
- Key Mergers And Acquisitions In The Golf Club Market
- Golf Club Market Future Outlook and Potential Analysis
- Appendix
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