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 MarketStudyReport, global golf equipment market was valued at USD 8,515.55 million in 2020 and is projected to witness remunerative growth during the forecast timespan 2021-2026.
 

Rise in golf tourism, increasing number of professional and amateur golfers, as well as construction of new golf courses are mainly fueling global golf equipment market growth, claims the study. Furthermore, rising consumer disposable income, and growing popularity of the sport are likely to positively enhance the industry outlook in the coming years.
 

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4121735/
 

Elaborating on the COVID-19 pandemic impact, the global crisis had a detrimental influence on the golf equipment business due to regional lockdowns and social distancing rules. The sport is mostly played in nations like America, Europe, and Oceania, all of which were severely impacted lead to a sharp decline in demand for golf equipment. However, the industry is regaining its pace as restrictions ease.
 

The worldwide golf equipment market is fragmented on the basis of product type (golf club, golf balls, golf gears), and distribution channel (sports goods retailers, online retailers, department & discount store).
 

With respect to geographical aspect, the industry size spreads across North America (U.S., Canada), Europe (UK, Germany, France, Spain), and Asia Pacific (Japan, Thailand, South Korea, Australia).
 

Among the listed regions, North America holds the majority market share as countries in the region have been hosting several sporting events and constructed infrastructure to encourage people to participate in sports, especially in U.S.  The market growth in the country is growing rapidly owing to innovative product launches, favorable product pricing, healthy retail inventory levels, robust consumer spending, favorable weather, and high popularity of golf.
 

Considering the competitive landscape, Ping, TaylorMade Golf Company, Mizuno Corp., Honma Golf Co. Ltd., Fila Holdings Corp., Sumitomo Rubber Industries Ltd., Acushnet Holdings Corp., Callaway Golf Co., Bridgestone Corp., and Fusheng Precision Co. Ltd., are the major competitors in the global golf equipment industry.