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Sporting Goods/FitnessGolf Equipment

PUBLISHER: Grand View Research | PRODUCT CODE: 1404574

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PUBLISHER: Grand View Research | PRODUCT CODE: 1404574

Golf Ball Market Size, Share & Trends Analysis Report By Product (2-Piece, 3-Piece, 4-Piece), By Application (Leisure, Professional), By Region (North America, Europe, APAC, ROW), And Segment Forecasts, 2023 - 2030

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Description

Table of Contents

List of Tables

Golf Ball Market Growth & Trends:

The global golf ball market size is expected to reach USD 1.58 billion by 2030, registering a CAGR of 2.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by the development of golf tourism and technological advancements. Moreover, several golf associations and governments are undertaking initiatives such as organizing workshops, press trips, familiarization trips, and destination conventions as part of their efforts to promote the sport. This is expected to further propel market growth.

Golf ball market is predominantly driven by rise in middle-class population, proliferation of golf tourism, and demand for golf courses worldwide. In recent times, endorsement of golf as a leisure sport is increasing due to the rising disposable income among consumers.

Golf is used not only as an outlet for sport and recreational activities but it has also become a substantial part promoting growth of community and regional infrastructure. For instance, in the Royal Copenhagen Golf Club located inside the Jagersborg Animal Park, apart from playing golf, the golfers can experience horse-riding, jogging, walking, and cycling among other activities of recreation.

It presents a sense of competition and an avenue for physical exercise apart from being a source of entertainment. Factors such as rise in spending capacity and evolving lifestyle among millennials are expected to popularize the sport, which, in turn, is expected to boost growth of the golf ball market.

Golf, as a sport, has witnessed high penetration in Europe and U.S. However, its market penetration in developing countries such as India, Hong Kong, and Singapore is not extensive. In recent years, adoption of golf as a sport as well as a leisure activity is increasing across emerging markets, especially in Asian countries.

Rise in disposable income and improved standard of living with a subsequent emphasis on leisure activities is expected to propel the market growth. However, the golf industry has witnessed a decline in terms of rounds played, adoption, and number of golfers over past few years; especially in countries such as Canada, U.S., and parts of Europe. This decline can be attributed to the declining interest of the youth in the sport, health concerns among elderly golfers, and the long timespan required to complete a single round are. Such factors are expected to hinder the market growth over the forecast period.

Golf Ball Market Report Highlights:

  • The 2-piece golf ball segment is expected to expand at the highest CAGR over the forecast period on account of the lower price, greater durability, and reduced spin offered by 2-piece golf balls
  • Professional application segment accounted for over 64.3% of the overall market share in terms of revenue in 2022.Golf, as a professional sport, receives sizeable investment capital from governments, golf associations, investors, and other related organizations.
  • North America held the leading market share of over 37.9% in 2022, owing to the presence of maximum number of golf courses and major professional tournaments.
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Product Code: GVR-2-68038-650-9

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
    • 1.1.1. Product
    • 1.1.2. Application
    • 1.1.3. Regional scope
    • 1.1.4. Estimates and forecast timeline
  • 1.2. Research Methodology
  • 1.3. Information Procurement
    • 1.3.1. Purchased database
    • 1.3.2. GVR's internal database
    • 1.3.3. Secondary sources
    • 1.3.4. Primary research
    • 1.3.5. Details of primary research
  • 1.4. Information or Data Analysis
  • 1.5. Market Formulation & Validation
  • 1.6. Model Details
  • 1.7. List of Secondary Sources
  • 1.8. List of Primary Sources
  • 1.9. Objectives

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
    • 2.2.1. Product outlook
    • 2.2.2. Application outlook
    • 2.2.3. Regional outlook
  • 2.3. Competitive Insights

Chapter 3. Golf Ball Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Industry Value Chain Analysis
  • 3.3. Market Dynamics
    • 3.3.1. Market driver analysis
    • 3.3.2. Market restraint analysis
    • 3.3.3. Market opportunity analysis
  • 3.4. Golf Ball Market Analysis Tools
    • 3.4.1. Industry analysis - Porter's
      • 3.4.1.1. Supplier power
      • 3.4.1.2. Buyer power
      • 3.4.1.3. Substitution threat
      • 3.4.1.4. Threat of new entrant
      • 3.4.1.5. Competitive rivalry
    • 3.4.2. PESTEL analysis
      • 3.4.2.1. Political landscape
      • 3.4.2.2. Technological landscape
      • 3.4.2.3. Economic landscape

Chapter 4. Golf Ball Market: Product Estimates & Trend Analysis

  • 4.1. Golf Ball Market: Key Takeaways
  • 4.2. Golf Ball Market: Movement & Market Share Analysis, 2022 & 2030
  • 4.3. 2-piece
    • 4.3.1. 2-piece market estimates and forecasts, 2017 to 2030, (USD Million)
  • 4.4. 3-piece
    • 4.4.1. 3-piece market estimates and forecasts, 2017 to 2030, (USD Million)
  • 4.5. 4-piece
    • 4.5.1. 4-piece market estimates and forecasts, 2017 to 2030, (USD Million)

Chapter 5. Golf Ball Market: Application Estimates & Trend Analysis

  • 5.1. Golf Ball Market: Key Takeaways
  • 5.2. Golf Ball Market: Movement & Market Share Analysis, 2022 & 2030
  • 5.3. Leisure
    • 5.3.1. Leisure market estimates and forecasts, 2017 to 2030, (USD Million)
  • 5.4. Professional tournaments
    • 5.4.1. Professional tournaments market estimates and forecasts, 2017 to 2030, (USD Million)

Chapter 6. Golf Ball Market: Regional Estimates & Trend Analysis

  • 6.1. Regional Outlook
  • 6.2. Golf Ball Market by Region: Key Takeaway
  • 6.3. North America
    • 6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.3.2. U.S.
      • 6.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.3.3. Canada
      • 6.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 6.4. Europe
    • 6.4.1. UK
      • 6.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.4.2. Germany
      • 6.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.4.3. France
      • 6.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 6.5. Asia Pacific
    • 6.5.1. Japan
      • 6.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.2. China
      • 6.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.3. India
      • 6.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.4. Australia
      • 6.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.5. South Korea
      • 6.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 6.6. ROW
    • 6.6.1. Latin America
      • 6.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.6.2. MEA
      • 6.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Market Participant Categorization
    • 7.2.1. Callaway Golf Company.
      • 7.2.1.1. Company overview
      • 7.2.1.2. Financial performance
      • 7.2.1.3. Product benchmarking
      • 7.2.1.4. Strategic initiatives
    • 7.2.2. Dixon Golf,
      • 7.2.2.1. Company overview
      • 7.2.2.2. Financial performance
      • 7.2.2.3. Product benchmarking
      • 7.2.2.4. Strategic initiatives
    • 7.2.3. Mizuno Corporation
      • 7.2.3.1. Company overview
      • 7.2.3.2. Financial performance
      • 7.2.3.3. Product benchmarking
      • 7.2.3.4. Strategic initiatives
    • 7.2.4. Bridgestone Golf, Inc.
      • 7.2.4.1. Company overview
      • 7.2.4.2. Financial performance
      • 7.2.4.3. Product benchmarking
      • 7.2.4.4. Strategic initiatives
    • 7.2.5. Sumitomo Rubber Industries, Ltd.
      • 7.2.5.1. Company overview
      • 7.2.5.2. Financial performance
      • 7.2.5.3. Product benchmarking
      • 7.2.5.4. Strategic initiatives
    • 7.2.6. TaylorMade Golf Co.
      • 7.2.6.1. Company overview
      • 7.2.6.2. Financial performance
      • 7.2.6.3. Product benchmarking
      • 7.2.6.4. Strategic initiatives
    • 7.2.7. Acushnet Holdings Corp.
      • 7.2.7.1. Company overview
      • 7.2.7.2. Financial performance
      • 7.2.7.3. Product benchmarking
      • 7.2.7.4. Strategic initiatives
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Product Code: GVR-2-68038-650-9

List of Tables

  • Table 1 List of abbreviation
  • Table 2 North America golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 3 North America golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 4 North America golf ball market, by region, 2017 to 2030 (USD Million)
  • Table 5 U.S. golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 6 U.S. golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 7 Canada golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 8 Canada golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 9 Europe golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 10 Europe golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 11 Europe golf ball market, by region, 2017 to 2030 (USD Million)
  • Table 12 Germany golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 13 Germany golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 14 UK golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 15 UK golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 16 France golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 17 France golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 18 Asia Pacific golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 19 Asia Pacific golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 20 Asia Pacific golf ball market, by region, 2017 to 2030 (USD Million)
  • Table 21 China golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 22 China golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 23 Japan golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 24 Japan golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 25 India golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 26 India golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 27 Australia golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 28 Australia golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 29 South Korea golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 30 South Korea golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 31 ROW golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 32 ROW golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 33 ROW golf ball market, by region, 2017 to 2030 (USD Million)
  • Table 34 Latin America golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 35 Latin America golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 36 Middle East and Africa golf ball market, by product, 2017 - 2030 (USD Million)
  • Table 37 Middle East and Africa golf ball market, by application, 2017 - 2030 (USD Million)
  • Table 38 Middle East and Africa golf ball market, by region, 2017 to 2030 (USD Million)  

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 Value-chain-based sizing & forecasting
  • Fig. 6 QFD modeling for market share assessment
  • Fig. 7 Market formulation & validation
  • Fig. 8 Golf ball: Market outlook
  • Fig. 9 Golf ball: Competitive insights
  • Fig. 10 Parent market outlook
  • Fig. 11 Related/ancillary market outlook
  • Fig. 12 Penetration and growth prospect mapping
  • Fig. 13 Industry value chain analysis
  • Fig. 14 Golf ball market driver impact
  • Fig. 15 Golf ball market restraint impact
  • Fig. 16 Golf ball market strategic initiatives analysis
  • Fig. 17 Golf ball market: Product movement analysis
  • Fig. 18 Golf ball market: Product outlook and key takeaways
  • Fig. 19 2-piece market estimates and forecasts, 2017 - 2030
  • Fig. 20 3-piece market estimates and forecasts, 2017 - 2030
  • Fig. 21 4-piece market estimates and forecasts, 2017 - 2030
  • Fig. 22 Golf ball market: Application movement analysis
  • Fig. 23 Golf ball market: Application outlook and key takeaways
  • Fig. 24 Leisure market estimates and forecasts, 2017 - 2030
  • Fig. 25 Professional tournaments market estimates and forecasts, 2017 - 2030
  • Fig. 26 Global golf ball market: Regional movement analysis
  • Fig. 27 Global golf ball market: Regional outlook and key takeaways
  • Fig. 28 North America market estimates and forecasts, 2017 - 2030
  • Fig. 29 U.S. market estimates and forecasts, 2017 - 2030
  • Fig. 30 Canada market estimates and forecasts, 2017 - 2030
  • Fig. 31 Europe market estimates and forecasts, 2017 - 2030
  • Fig. 32 UK market estimates and forecasts, 2017 - 2030
  • Fig. 33 Germany market estimates and forecasts, 2017 - 2030
  • Fig. 34 France market estimates and forecasts, 2017 - 2030
  • Fig. 35 Asia Pacific market estimates and forecasts, 2017 - 2030
  • Fig. 36 Japan market estimates and forecasts, 2017 - 2030
  • Fig. 37 China market estimates and forecasts, 2017 - 2030
  • Fig. 38 India market estimates and forecasts, 2017 - 2030
  • Fig. 39 Australia market estimates and forecasts, 2017 - 2030
  • Fig. 40 South Korea market estimates and forecasts, 2017 - 2030
  • Fig. 41 ROW market estimates and forecasts, 2017 - 2030
  • Fig. 42 Latin America market estimates and forecasts, 2017 - 2030
  • Fig. 43 Middle East and Africa market estimates and forecasts, 2017 - 2030
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