Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 867 Million | USD 1,240 Million | 7% | 2023 |
The global golf training aids market size was evaluated at $867 million in 2023 and is slated to hit $1,240 million by the end of 2032 with a CAGR of nearly 7% between 2024 and 2032.
Golf training aids are special kinds of tools designed to assist golfers in enhancing skills and techniques along with developing better habits.
Some popular golf training aids include superspeed golf, DST compressor, orange whip, putout pressure trainer, eyeline speed trap 2.0, Zepp golf, blast motion, birdie ball, TIBA putt, and game golf.
Growing inclination towards leisure activities in developed countries to boost the global market trends
Surging interest in recreational activities such as golf and the popularity of competitive sports will bolster the expansion of the global golf training aids market.
Launching new technologies such as wearable equipment and swing analyzers providing golfers with real-time feedback will impel the growth of the market globally.
Apart from this, the need for enhanced performance is likely to escalate the growth of the market across the globe. Easy access to golf courses and indoor golf simulators will enlarge the scope of the global market. Flourishing online retail activities and e-commerce businesses will prompt the global market progression.
Rising product costs can retard global industry expansion over forecast period
Humungous costs of advanced training aids such as virtual reality simulators & launch monitors and the low shelf life of raw materials used for manufacturing golf training aids can deter the global golf training aids industry surge. Apart from this, tough competition from other sports can obliterate the global industry expansion.
Onset of VR & AR tools to open new growth vistas for the global market over 2024-2032
Integration of wearable technologies such as fitness trackers and smartwatches that offer real-time feedback on swing mechanics and club speed is expected to open new growth opportunities for the global golf training aids market.
Use of virtual and augmented reality, along with an increase in indoor golf activities, is set to steer the global market surge. Focus on personalization of the products can propel the market landscape in the years ahead.
Preference towards tennis & cricket has led to decline in the global industry expansion over forecasting period
Technological obsolescence and economic downturns can challenge the expansion of the global golf training aids industry. Moreover, the surging popularity of tennis, soccer, and basketball can restrict global industry expansion in the years ahead.
The global golf training aids market is divided into product type, end-user, distribution channel, and region.
In terms of product type, the golf training aids market across the globe is segmented into golf simulators, swing trainers, driving nets & mats, alignment aids, chipping & pitching trainers, and putting trainers segments.
Apparently, the golf simulators segment, which gathered nearly 57% of the global market earnings in 2023, is expected to record the fastest CAGR in the coming eight years due to immersive experience and data-driven insights offered by golf training aids.
Based on the end-user, the global golf training aids industry is divided into amateur golfers, golf clubs & academies, and professional golfers segments.
Apparently, the golf clubs & academies segment, which led the global industry share in 2023, is anticipated to account majorly towards the segmental surge in the assessment timeline. This can be a result of the easy availability of personal coaching and instructional aids at golf clubs & academies.
On the basis of distribution channel, the global golf training aids market is bifurcated into golf pro shops, online retail, and sporting goods stores segments.
Moreover, the sporting goods stores segment, which led the global market share in 2023, is likely to lead the global market expansion in the forecast timespan. The segmental surge in the coming eight years can be due to the diverse products available in sporting goods stores and the in-person shopping experience offered by these stores.
Report Attributes | Report Details |
---|---|
Report Name | Golf Training Aids Market |
Market Size in 2023 | USD 867 Million |
Market Forecast in 2032 | USD 1,240 Million |
Growth Rate | CAGR of 7% |
Number of Pages | 218 |
Key Companies Covered | Acushnet Holdings Corp., EyeLine Golf, WestCoast Netting, GForce Golf, Adidas Golf, Callaway Golf Company, PING, Mizuno USA Inc., Optishot Golf, Saber Golf, Honma Golf Ltd., Nike Golf, Topgolf Callaway Brands, EyeLine Golf, TaylorMade Golf Company, Implus Footcare LLC, HackMotion., and others. |
Segments Covered | By Product Type, By End-User, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is likely to maintain leading status in the global market over the projected timeline
North America, which contributed to about 53% of the global golf training aids market size in 2023, is slated to establish a leading position in the global market in the forecast timeline.
Furthermore, the regional market expansion in the coming decade can be due to the growing popularity of golf in countries such as the U.S. Apart from this, huge demand for training aids by professional and amateur golf players will steer the regional market trends.
The Asia-Pacific golf training aids industry is expected to register the fastest compound growth rate yearly in the expected timespan. The elevation of the industry in APAC can be a result of the rising per capita income of customers.
Furthermore, supportive government schemes along with an increment in the golf courses in the APAC countries.
The global golf training aids market profiles key players such as:
By Product Type
By End-User
By Distribution Channel
FrequentlyAsked Questions
Golf training aids are special kinds of tools designed to assist golfers in enhancing skills and techniques along with developing better habits.
The global golf training aids market growth over the forecast period can be owing to the launching of new technologies such as wearable equipment and swing analyzers providing golfers with real-time feedback.
According to a study, the global golf training aids industry size was $867 million in 2023 and is projected to reach $1,240 million by the end of 2032.
The global golf training aids market is anticipated to record a CAGR of nearly 7% from 2024 to 2032.
The Asia-Pacific golf training aids industry is set to register the fastest CAGR over the forecasting timeframe owing to the rising per capita income of customers. Furthermore, supportive government schemes along with an increment in the golf courses in the APAC countries.
The global golf training aids market is led by players such as Acushnet Holdings Corp., EyeLine Golf, WestCoast Netting, GForce Golf, Adidas Golf, Callaway Golf Company, PING, Mizuno USA, Inc., Optishot Golf, Saber Golf, Honma Golf Ltd., Nike Golf, Topgolf Callaway Brands, EyeLine Golf, TaylorMade Golf Company, Implus Footcare, LLC, and HackMotion.
The global golf training aids market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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