Golf Training Aids [Equipment] Market Projected to Reach USD 784.30 Million By 2032, at 4.2% CAGR Growth: Polaris Market Research
NEW YORK, Dec. 19, 2023 /PRNewswire/ — A latest research report [110+] pages with 360-Degree visibility, titled “Golf Training Aids Market Share, Size, Trends, Industry Analysis Report, By Product (Swing Trainer, Hitting Nets, Hitting & Putting Mats, Training Putters & Arcs, Others); By Distribution Channel, By Region, And Segment Forecasts, 2023 – 2032” published by Polaris Market Research in its research repository.
The global golf training aids [Equipment] market size and share is predicted to grow from USD 521.77 million in 2022 to USD 784.30 million in 2032. It is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 4.2% from 2023 to 2032, according to the latest report by Polaris Market Research.
What is Golf Training Aids? How Big is Golf Training Aids [Equipment] Market?
- A Quick Review
The majority of golfers are consumed with the notion of shooting lower scores. It is a massive representation of what keeps players reappearing round after round: the inclination to affix a new individual record or usher the hindrance down by a stroke or two. When seeking for a training aid that surpasses the fundamental mechanic of a player’s swing, a prominent segment of technology to contemplate is a launch monitor. The rapidly rising demand for golf training aids market can be attributed to the fact that while professional launch monitors such as the GCQuad essentially inspect the activity and agitation of the club head and ball at the moment of influence, this data discloses extensive offers the most panoramic perception on what a player is attempting accurately and inaccurately.
The golf training aids market growth can be attributed to an increasing inclination toward golf as an entertaining venture and sport with supporters looking to enhance their game together with progression in technology, causing advancement of inventing training aids that provide more productive and customized coaching, alluring apprentices and expert players. The worldwide reach of golf with escalating approval in surfacing economies is pushing the customer base for golf training aids, granting steady market growth.
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Which is the Largest Golf Training Aids in the World?
- Topgolf Callaway Brands
- Acushnet Holdings Corp.
- Honma Golf Ltd
- Mizuno USA, Inc.
- Saber Golf
- EyeLine Golf
- SKLZ (Implus Footcare, LLC)
- Optishot Golf
- GForce Golf
- WestCoast Netting
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Important Highlights from the Report
- The inclination to affix a new individual record is pushing the market growth
- Growing inclination in golf as an entertaining venture and sport with supporters looking for enhancing their game together with progression in technology is driving the market expansion.
- The golf training aids market segmentation is primarily based on product, distribution channel, and region.
- North America has dominated the market with the largest share in 2022.
Market’s Prime Determinants of Growth, Trends, and Opportunities
Advancements in technology: The speedy advancement in golf technology has transformed training aids providing golfers data propelled improvements. The golf training aids market size is expanding as instruments such as the Sportsbox AI mobile app allow golfers to survey their swings in 3D, obtain immediate feedback, and contrast with professionals. The HackMotion Golf Wrist Sensor highlights wrist angles for accurate clubface regulation, offering instant tailored feedback. Further, the V1 Sports game app allows players to trace course statistics and improvise their expertise with a fellow app for distinct coaching. These inventions are rendering golf training more reachable and effective, blazing escalated inclination in golf as a sport, and pushing the growth of high-technology golf training aids.
Involvement of the younger generation: Off-course golf pleasure outlets such as Drive Shack, Topgolf, and Popstroke have considerably escalated golf’s plea and approachability, especially amongst younger demographics. Golf training aids market sales are soaring as with approximately half of all golf contenders in the US in 2021 adhering within the 6 to 34 age group, there is a notable market for it. As additional people especially the younger generation involve with golf, the demand for inventive training aids to enhance the game is anticipated to continue to escalate rendering it a growing market.
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Trends and Opportunities
Growing approval of golf as a recreational venture: The market’s augmentation can be credited to the growing approval of golf as both an entertaining venture and a sport. Supporters ranging from amateurs to expert players are into improvising their skills. This trend is reinforced by inventive training aids capitalizing on technological progression and providing tailored coaching. Additionally, the worldwide interest of golf, particularly in surfacing markets, is widening the customer base for these aids, thus pushing the continuous growth of the market.
Golf Training Aids [Equipment] Market: Report Scope
Revenue forecast in 2032
USD 784.30 Million
Market size value in 2023
USD 542.53 Million
Expected CAGR Growth
4.2% from 2023 – 2032
2023 – 2032
By Product, By Distribution Channel, By Region
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Swing Trainers Segment Witnessed a Steep Surge
Based on the product, the swing trainers segment witnessed a steep surge. Golf training aids market demand is on the rise as this can be attributed to golfers extremely desire these trainers due to their selected and methodical advancement to clarifying their swings. These aids provide instantaneous reactions, assisting golfers in structuring muscle memory for more dependable and accurate swings. Provided the increasing concentration on whetting golfing capabilities, swing trainers have progressed into crucial instruments for players at each competency level. This growing identification has notably pushed the approval and demand amongst golfers attempting to upraise their presentation on the golf course.
Sporting Goods Retailer Segment Dominated the Market
Based on distribution channel, sporting goods retailer segment dominated the market. Golf training aids market trends include stores such as Dick’s Sporting Goods & Burghardt Sporting Goods provide a manifold range of training aids sanctioning attainability for golfers of every proficiency level. These retailers often provide adept counseling and propositions, improvising the holistic shopping experience. Additionally, the comfort of purchasing training aids from confirmed physical stores functionalized by reliable sporting goods retailers additionally reinforces their market attendance in the industry.
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North America: This region held the largest golf training aids market share because, as per the PGA tour, golf in the US is encountering a revival in approval, with 1 in 7 Americans associating in 2022. Additionally, intensified interest due to the pandemic, the surfacing of golf entertainment programs, and enhanced obtainability for younger and manifold demographics have pushed the region’s growth.
APAC: This region is witnessing massive growth due to escalating approval of golf in nations such as Japan and South Korea, committing to escalating demand for golf training aids. Golf is experiencing speedy augmentation in Asia, epitomized by the tripling of golf courses in China in less than a decade, as described in the World Golf Report in 2021. Especially nations such as China and India have showcased extraordinary keenness for the sport.
Browse the Detail Report “Golf Training Aids Market Share, Size, Trends, Industry Analysis Report, By Product (Swing Trainer, Hitting Nets, Hitting & Putting Mats, Training Putters & Arcs, Others); By Distribution Channel, By Region, And Segment Forecasts, 2023 – 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/golf-training-aids-market
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Key Questions Answered in the Report
- What is the current and expected golf training aids market value?
Ans: The current market value of the golf trading aids is USD 542.53 million, and the expected market value is USD 784.30 million
- At what CAGR is the market expected to grow during the forecast period?
Ans: The CAGR at which the market is anticipated to grow from 2023-2032 is 4.2%
- Which factors are driving the market growth?
Ans: The factors driving the market growth are the rising popularity of golf as a recreational activity and the integration of technology in golf training aids
- Which segment accounts for the largest golf training aids market share?
Ans: Swing trainers and sporting goods retailers segments account for the largest market share
Polaris Market Research has segmented the golf training aids market report based on product, distribution channel and region:
Golf Training Aids, Product Outlook (Revenue – USD Million, 2019 – 2032)
- Swing Trainer
- Hitting Nets
- Hitting & Putting Mats
- Training Putters & Arcs
Golf Training Aids, Distribution Channel Outlook (Revenue – USD Million, 2019 – 2032)
- Sporting Goods Retailer
- On-Course Shops
Golf Training Aids, Regional Outlook (Revenue – USD Million, 2019 – 2032)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
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About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
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SOURCE Polaris Market Research