The global golf equipment market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period. Increasing popularity of golf, owing to its promotion and branding, is a key factor expected to drive market revenue growth over the forecast period. Golf is a club-and-ball game in which a player hits the ball through a series of holes in minimum strokes with the help of various clubs. The equipment used for playing this sports include golf balls, golf clubs, golf bags and accessories, golf apparel and footwear, and other devices.
Increasing exposure of millennials to international golf events, and rising promotion of golf through advertisements and movies are some key factors driving demand for gold equipment in the market. However, shutting down of various manufacturing units due to lockdowns and closure of golf courses, owing to social distancing regulations during the COVID-19 pandemic, are expected to hamper revenue growth of the global golf equipment market over the forecast period.

Golf Equipment Market Size Share & Trends 2030 | Reports and Data |

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Rapid urbanization and increasing disposable income of consumers are some key factors expected to drive revenue growth of the global market. Rising popularity of golf game in developing countries and among affluent and wealthy people is driving demand for golf equipment. In addition, growing awareness about golf tourism and development of golf courses are contributing to revenue growth of the market. Increasing importance of socializing and spending quality time in the society is leading to adoption of golf game. Moreover, easy purchasing and availability of golf equipment, owing to growing e-commerce and increasing number of online retail stores, are expected to have a positive impact on the global market.

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