According to the research report titled ‘Global Golf Equipment Market: Analysis By Product Type (Club, Balls, Gears), Distribution Channel, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report LLC, global golf equipment market had generated revenues worth USD 8515.55 million in 2020 and is likely to record a strong compound annual growth rate over the period of 2021-2026.
 

Growing golf tourism, rising number of amateur and professional female players, and increasing development of new golf courses are some of the key factors fueling global golf equipment market size. Surging disposable income and growing popularity of the sport are also paving the way towards the market expansion.
 

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The COVID-19 pandemic, however, has severely impacted the overall market owing to nationwide lockdowns as well as social distancing norms. It is also worth noting that golf is widely played in Oceania, Europe, and Americas, which were severely affected by the Coronavirus outbreak. Regardless, recovering demand for the sport and improving economic conditions are likely to offer lucrative revenue generating opportunities for the industry participants.
 

Based on product landscape, the market is classified into gears, golf balls, and golf clubs. Citing the distribution channel, the industry is categorized into department & discount stores, online retailers, and sports goods retailers.
 

The regional analysis of global golf equipment market consists of Americas, Europe, and Asia-Pacific. Among these, the report cites that America accounts for the largest market share and will depict similar growth trends in the ensuing years, with United States leading in terms of revenue hierarchy.
 

Increasing number of sporting events, favorable pricing policies, healthy retail inventory levels, technological breakthroughs, rising per capita income, and growing interest in golf are facilitating the business scenario in the United States.
 

The competitive landscape of global golf equipment market is defined by companies such as PING, TaylorMade Golf Company, Mizuno Corporation, Honma Golf Co. Ltd., Fila Holdings Corp., Sumitomo Rubber Industries Ltd., Acushnet Co., Bridgestone Golf, Fusheng Precision Co. Ltd., and Callaway Golf Company among others.