Golf Ball Market by Types (Multi-Layer Golf Ball, Three-Piece Golf Ball, Two-Piece Golf Balls), Category (Advanced Balls, Practice & Range Balls, Recycled Balls), Prize Range, Application - Global Forecast 2024-2030

Golf Ball Market by Types (Multi-Layer Golf Ball, Three-Piece Golf Ball, Two-Piece Golf Balls), Category (Advanced Balls, Practice & Range Balls, Recycled Balls), Prize Range, Application - Global Forecast 2024-2030

The Golf Ball Market size was estimated at USD 1.34 billion in 2023 and expected to reach USD 1.42 billion in 2024, at a CAGR 6.46% to reach USD 2.08 billion by 2030.

A golf ball is a specialized ball designed for use in the game of golf. Over centuries, the golf ball has evolved from simple wooden spheres to advanced multi-layer designs capable of significant distance and control improvements. The global increase in the popularity of golf, driven by rising disposable incomes and the expansion of golf courses worldwide, has significantly contributed to the demand for golf equipment, including golf balls. An increase in golf-related tourism, where individuals travel to play on courses in different destinations, is creating a platform for golf balls. The expansion of e-commerce platforms that offer manufacturers a broader market reach and provide consumers with the ease of comparing and purchasing golf balls is expanding the scope of the golf ball market. The high cost of premium golf balls hampers the growth of the market. Rising advancements associated with materials and aerodynamic designs that enhance performance and allow for increased distance, better control, and improved durability are expected to create opportunities for market growth.

Regional Insights

The Americas represent a significant portion of the global golf ball market. The region's strong golfing culture, expansive golfing infrastructure, and high disposable income are pivotal factors driving demand. The U.S. leads in terms of both consumption and production, attributed to a well-established golf industry and an extensive number of golf courses. South American countries are experiencing gradual growth owing to increasing interest in golf among the younger population and rising tourism-related activities. The APAC region is witnessing a rapid growth trajectory in the golf ball market, driven by increasing disposable incomes, burgeoning middle-class populations, and growing interest in golf as a leisure activity. Countries such as Japan, South Korea, Australia, and China are front-liners in the APAC golf market. China, with its expanding number of golf courses and a growing affluent population, is particularly noteworthy for its potential market growth. The EMEA region presents a mixed scenario with traditional golf markets including the UK, and emerging markets in the Middle East and Africa. Europe remains a stronghold for the golf ball market with a deeply rooted golf culture, especially in countries such as the UK, Germany, and France. The market in Europe leads to a focus on high-quality, premium golf balls. Meanwhile, the Middle East, led by countries such as the UAE and Saudi Arabia, showcases significant growth potential with investments in luxury golfing facilities and tourism.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Golf Ball Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increase in golf participation as a recreational activity
Rise in expansion of golf courses worldwide
Emerging trend of golf-related tourism

Market Restraints

High cost of premium golf balls

Market Opportunities

Continuous advancements associated with materials and aerodynamic designs that enhance ball performance
Rising corporate sponsorship and endorsements for golf

Market Challenges

Availability of counterfeit products

Market Segmentation Analysis

Types: Rising usage of multi-layer golf balls to provide energy transfer from the strike
Application: High potential of highest performance standards based golf balls among professionals

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Golf Ball Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Golf Ball Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Maxfli and Lexi Thompson Forge New Path in Golf Ball Innovation

Maxfli, a brand for its century-old legacy in delivering superior golf equipment, solidified an exclusive golf ball endorsement deal with Lexi Thompson, an accomplished professional golfer and LPGA champion. This strategic partnership underscores Thompson’s switch to Maxfli Tour balls, predicated on their enhanced performance characteristics that promise increased ball speed and control perfect for her game.

The Enhanced Titleist AVX Golf Ball to Revolutionize the Golfing Experience

The newly revamped Titleist AVX golf ball marks a significant advancement in golfing technology, embodying superior performance enhancements. This development addresses golfers' desire for increased greenside spin while elevating the AVX's foundational qualities of exceptional distance and feel.

Strategic Alliance Between OnCore Golf and Flightpath Golf for Elevating Golf Performance Through Technological Innovation

OnCore Golf entered a strategic partnership with Flightpath Golf, innovators of advanced golf tee technology. This collaboration merges OnCore's proprietary perimeter-weighted golf balls with Flightpath's patented tee designs, promising an augmented golfing experience with enhanced spin, velocity, distance, and accuracy. This partnership signifies a commitment to innovative excellence and aims to set new benchmarks in golf performance and enjoyment, symbolizing a significant leap forward for the industry.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Golf Ball Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Golf Ball Market, highlighting leading vendors and their innovative profiles. These include Acushnet Holdings Corp., Berkshire Hathaway Inc., Bridgestone Golf, Inc., Callaway Golf Company, Decathlon Group, Dick's Sporting Goods, Inc., Dixon Golf, HONMA GOLF, Mercedes-Benz Group, Mizuno Corporation, Nike Inc., OnCore Golf Technology, Inc., Parsons Xtreme Golf, LLC, Rawlings Sporting Goods, Saintnine America, Seed Golf Ltd, Snell Golf, Sumitomo Rubber Industries, Ltd., TaylorMade Golf Company, Inc., Tee Ventures (India) Pvt. Ltd., Vice Golf, Volvik USA, and Wilson Sporting Goods Company.

Market Segmentation & Coverage

This research report categorizes the Golf Ball Market to forecast the revenues and analyze trends in each of the following sub-markets:

Types
Multi-Layer Golf Ball
Three-Piece Golf Ball
Two-Piece Golf Balls
Category
Advanced Balls
Practice & Range Balls
Recycled Balls
X-Out Balls
Prize Range
Budget
Mid-range
Premium
Application
Leisure
Professional
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year