What Is The Current and Historic Market Size Analysis Of The Golf Course Equipment Market?
The golf course equipment market has seen considerable growth due to a variety of factors.
• In the past few years, the market size for golf course equipment has seen significant growth. The market is projected to expand from $4.47 billion in 2024 to $4.71 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.3%.
Factors contributing to the market growth during the historical period include the increasing interest in golf amongst women, expansion of retail channels for golf equipment, a rise in golf events and tournaments, the wider adoption of golf simulators, and enhanced engagement within the golf community.
What Is The Forecast For The Golf Course Equipment Market Size?
The golf course equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated robust expansion is on the horizon for the golf course equipment market. By 2029, the market is poised to escalate to a massive $5.73 billion, with a compound annual growth rate (CAGR) of 5.0%.
This expected surge during the forecast period is due to an increasing popularity of golf as a competitive sport, higher disposable income, a surge in golf-related travel, proliferation of golf courses, and heightened demand for golf cart rentals. The forthcoming era also shows trends towards the incorporation of state-of-the-art equipment technologies, capital injection into golf infrastructural improvements, endorsement of environmentally-friendly procedures and equipment, advances in managing turf conditions, as well as the establishment of golf training centres.
What Are The Essential Drivers Behind The Growth Of The Golf Course Equipment Market?
The growth of the golf course equipment market is anticipated to be driven by the escalating trend of golf. Factors such as improved accessibility, a surge in interest from the younger demographics through social media and entertainment, and the appeal of outdoor, socially distant past-times are contributing to golf's rising popularity. Golf course equipment is essential for the maintenance of the turf, landscape, and overall conditions of the course, guaranteeing a steady, superior quality gaming experience and suitable course management. For instance, a report by England Golf, a UK-based non-profit and philanthropic organization, disclosed that the number of golf club members at affiliated venues in England stood at 737,021 in April 2022. This indicates an upsurge of 89,797 players, denoting a growth rate of 13.9% in comparison to the February 2021 figure of 647,224. Thus, the escalating trend of golf is fueling the golf course equipment market in the future.
How Is The Global Golf Course Equipment Market Divided Into Key Segments?
The golf course equipmentmarket covered in this report is segmented –
1) By Type: Golf Course Lawn Mower, Turf Equipment, Golf Course Maintenance Equipment, Irrigation Systems, Golf Carts
2) By Distribution Channel: Direct Sale, Retail Stores, Online Stores
3) By Application: Links Golf Course, Parkland Golf Course, Desert Golf Course, Mountain Golf Course, Island Golf Course
4) By End User: Private Golf Clubs, Public Golf Clubs, Golf Resorts
Subsegments:
1) By Golf Course Lawn Mower: Reel Mowers, Rotary Mowers, Gang Mowers
2) By Turf Equipment: Aerators, Topdressers, Seeders, Fertilizer Spreaders
3) By Golf Course Maintenance Equipment: Rakes, Leaf Blowers, Sweepers, Trimmers
4) By Irrigation Systems: Drip Irrigation Systems, Sprinkler Systems, Control Systems
5) By Golf Carts: Electric Golf Carts, Gas Golf Carts, Utility Golf Carts
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Which Emerging Market Trends Are Altering The Golf Course Equipment Industry?
The golf course equipment market is witnessing an influx of high-tech developments by leading businesses, including battery-operated slope mowers, aimed at environmentally friendly operation, limited noise, and fewer emissions. These electric mowers, which are adept at handling grass care on steep or uneven landscapes, run on rechargeable batteries, ensuring they are both green and quiet. For example, in February 2023, the Toro Company, an American lawnmower producer, introduced the eHoverPro. Offering a pioneering solution for golf course care, the eHoverPro golf mower boasts groundbreaking zero-engine emission technology. Excelling on sloped and contoured surfaces, this ultra-light mower has been engineered for maximum control and stability. It's fully compatible with the Toro 60V Flex-Force Power System, enabling users to swap the 7.5Ah battery with other devices in the series. The eHoverPro includes a one-speed motor controlled by a push button, guaranteeing reliable ignition, and a profiled handlebar for heightened maneuverability, making it perfect for mowing hills, around sand traps, and teeing areas.
Who Are the Key Players In The Golf Course Equipment Market?
Major companies operating in the golf course equipment market are:
• Deere & Company
• Kubota Corporation
• E-Z-GO
• Husqvarna AB
• The Toro Company
• Bobcat Co.
• Rain Bird Corporation
• Hunter Industries Inc.
• Club Car Inc.
• AriensCo
• Ventrac
• Land Pride
• Smithco Inc.
• Scag
• Jacobsen
• Hustler Turf Equipment Inc.
• Redexim BV
• Salsco Inc.
• Turfco Manufacturing Inc.
• Yamaha Golf Car Company
• Bernhard and Company Ltd.
• Lastec LLC
• Greenman Golf & Turf Solutions
• Parkland Products
• TurfTime Equipment LLC
What Are The Regional Insights Into The Golf Course Equipment Market?
Asia-Pacific was the largest region in the golf course equipment market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the golf course equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
