Golf Ball Market Set to Soar Past USD 16.21 Billion by 2030
The global Golf Ball market size is expected to reach USD 16.21 billion by 2030 and exhibit a CAGR of 4.21% in the forecast period (2023−2030), according to Skyquest’s latest research report. The product innovation and advancements, growing participation in golf, increased focus on golf as a recreational activity, rising number of golf courses and clubs, sponsorship and endorsements by professional golfers, improvements in golf ball manufacturing technologies, changing consumer preferences and trends are fueling the Market’s growth.
Westford,USA, Aug. 28, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Golf Ball market, increasing adoption of personalized and custom-fit golf balls, emergence of high-performance multi-layered golf balls, technological advancements in golf ball materials and designs, rising popularity of softer compression golf balls, expansion of the women’s golf ball market, integration of smart and connected technologies in golf balls, emphasis on distance and accuracy in golf ball performance, shift towards lower spin golf balls, growing online sales and e-commerce platforms for golf balls are the trends that aid in the market’s growth.
Browse in-depth TOC on “Golf Ball Market”
- Pages – 260
- Tables – 62
- Figures – 77
A golf ball is a small, hard, dimpled ball used in the game of golf. It is typically made of a rubber core surrounded by a thin layer of plastic. The dimples on the ball help to reduce air resistance, which allows the ball to fly farther.
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Prominent Players in Golf Ball Market
- Titleist
- Callaway
- TaylorMade
- Bridgestone
- Srixon
- Wilson
- PING
- Nike
- Top-Flite
- Vice
- Snell
- Kirkland Signature
- Maxfli
- Pinnacle
- Tour Edge
- Adams Golf
- Wilson Staff
- Cleveland Golf
- Cobra Golf
- Honma
- Mizuno
Two-piece Golf Balls Demand to Grow Substantially in the Forecast Period
Two-piece Golf ball dominated the global market owing to their high versatility. It is also suitable for a wide range of golfers, including beginners, casual players, and those with slower swing speeds. Their forgiving nature and lower compression make them easier to control and provide better distance for players with varying skill levels. This wide user base contributes to the dominance of two-piece golf balls in the market.
Amature golfers is the Leading Application Segment
In terms of application, the amateur golfer is the leading segment due to the larger user base. In addition, they tend to have a consistent need for golf balls. As they regularly play and practice the sport, they require a steady supply of balls to maintain their game. This continuous demand for golf balls from amateur golfers ensures a consistent flow of sales in the market.
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North America is the leading Market Due to The Popularity of Golf
Region-wise, North America is one of the largest growing markets with a huge golfing culture. The United States has a strong economy with high disposable income levels among its population. This enables consumers to afford golf-related products and engage in the sport regularly, including the purchase of golf balls. The economic factors contribute to the dominance of the market in the region.
A recent report thoroughly analyzes the major players operating within the Golf Ball market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Golf Ball.
Key Developments in Golf Ball Market
- OnCore Golf launched New ELIXR. The 2022 ELIXR provides golfers with perimeter weighting for greater accuracy and reduced side spin off the driver. A unique polybutadiene core delivers outstanding coefficient of restitution (CoR) for higher ball speed, resulting in more carry and roll.
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Key Questions Answered in Golf Ball Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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