Dec 29, 2025
IndexBox has just published a new report: Asia-Pacific – Golf Clubs And Other Golf Equipment – Market Analysis, Forecast, Size, Trends and Insights.
The Asia-Pacific golf equipment market is forecast to grow, reaching 4.4B units and $6.2B in value by 2035, driven by rising demand. In 2024, consumption was 3.2B units ($4.4B), led by India, which is the largest consumer and a major producer alongside China. The region is a net exporter, with China leading exports, while Japan and South Korea are high-value importers. Production (5.6B units) exceeds consumption, and trade dynamics show a shift towards higher-value golf balls and clubs.
Key Findings
Market forecast to reach 4.4B units and $6.2B by 2035, growing at a CAGR of +3.0% in volume and +3.2% in valueIndia is the dominant consumer (1.5B units, 48% share) and a top producer, with consumption value growing at +9.3% annuallyAsia-Pacific is a major production hub (5.6B units in 2024), led by China, India, and Taiwan, with Vietnam showing the fastest production growthThe region is a net exporter (3.7B units exported), with China, Vietnam, and Taiwan as top exporters by valueImport and export trends show a shift towards higher-value items like golf balls, with significant price disparities between product types and countriesMarket Forecast
Driven by increasing demand for golf clubs and other golf equipment in Asia-Pacific, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.0% for the period from 2024 to 2035, which is projected to bring the market volume to 4.4B units by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.2% for the period from 2024 to 2035, which is projected to bring the market value to $6.2B (in nominal wholesale prices) by the end of 2035.
ConsumptionAsia-Pacific’s Consumption of Golf Clubs And Other Golf Equipment
Golf equipment consumption expanded modestly to 3.2B units in 2024, with an increase of 2.5% against the year before. The total consumption indicated a tangible increase from 2013 to 2024: its volume increased at an average annual rate of +2.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +5.0% against 2021 indices. As a result, consumption reached the peak volume of 4.9B units. From 2021 to 2024, the growth of the consumption remained at a somewhat lower figure.
The revenue of the golf equipment market in Asia-Pacific contracted slightly to $4.4B in 2024, waning by -2.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a perceptible increase. The level of consumption peaked at $5.9B in 2020; however, from 2021 to 2024, consumption stood at a somewhat lower figure.
Consumption By Country
India (1.5B units) constituted the country with the largest volume of golf equipment consumption, comprising approx. 48% of total volume. Moreover, golf equipment consumption in India exceeded the figures recorded by the second-largest consumer, China (618M units), twofold. The third position in this ranking was taken by Japan (329M units), with a 10% share.
In India, golf equipment consumption expanded at an average annual rate of +7.2% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+3.1% per year) and Japan (-2.5% per year).
In value terms, India ($2.1B) led the market, alone. The second position in the ranking was taken by China ($863M). It was followed by Japan.
From 2013 to 2024, the average annual rate of growth in terms of value in India stood at +9.3%. The remaining consuming countries recorded the following average annual rates of market growth: China (+6.1% per year) and Japan (-0.6% per year).
The countries with the highest levels of golf equipment per capita consumption in 2024 were Japan (2.7 units per person), South Korea (2.2 units per person) and Australia (2.2 units per person).
From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by South Korea (with a CAGR of +7.5%), while consumption for the other leaders experienced more modest paces of growth.
ProductionAsia-Pacific’s Production of Golf Clubs And Other Golf Equipment
Golf equipment production totaled 5.6B units in 2024, growing by 9.8% compared with the year before. The total production indicated a measured expansion from 2013 to 2024: its volume increased at an average annual rate of +3.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -11.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. As a result, production attained the peak volume of 6.3B units. From 2021 to 2024, production growth failed to regain momentum.
In value terms, golf equipment production expanded notably to $4.6B in 2024 estimated in export price. The total production indicated mild growth from 2013 to 2024: its value increased at an average annual rate of +1.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -10.1% against 2022 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, production reached the peak level at $5.1B in 2022; however, from 2023 to 2024, production remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2024 were China (2.3B units), India (1.5B units) and Taiwan (Chinese) (701M units), with a combined 82% share of total production. Vietnam, Pakistan, Thailand and Indonesia lagged somewhat behind, together accounting for a further 14%.
From 2013 to 2024, the biggest increases were recorded for Vietnam (with a CAGR of +18.2%), while production for the other leaders experienced more modest paces of growth.
ImportsAsia-Pacific’s Imports of Golf Clubs And Other Golf Equipment
For the third year in a row, Asia-Pacific recorded decline in overseas purchases of golf clubs and other golf equipment, which decreased by -1.2% to 1.3B units in 2024. Overall, imports saw a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 44%. Over the period under review, imports hit record highs at 1.8B units in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.
In value terms, golf equipment imports declined to $2.5B in 2024. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. The level of import peaked at $3.7B in 2022; however, from 2023 to 2024, imports failed to regain momentum.
Imports By Country
Japan (344M units) and Hong Kong SAR (304M units) represented roughly 48% of total imports in 2024. South Korea (200M units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by China (13%), Vietnam (6.6%) and Australia (4.7%). Taiwan (Chinese) (50M units) took a minor share of total imports.
From 2013 to 2024, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Japan ($670M), South Korea ($558M) and Hong Kong SAR ($553M) constituted the countries with the highest levels of imports in 2024, together accounting for 72% of total imports. China, Australia, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 21%.
Among the main importing countries, Vietnam, with a CAGR of +17.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports By Type
In 2024, golf equipment; other than clubs and balls (1.1B units) represented the key type of golf clubs and other golf equipment, making up 80% of total imports. It was distantly followed by golf balls (261M units), making up a 19% share of total imports.
From 2013 to 2024, average annual rates of growth with regard to golf equipment; other than clubs and balls imports of stood at -3.3%. At the same time, golf balls (+1.7%) displayed positive paces of growth. Moreover, golf balls emerged as the fastest-growing type imported in Asia-Pacific, with a CAGR of +1.7% from 2013-2024. Golf balls (+7.4 p.p.) significantly strengthened its position in terms of the total imports, while golf equipment; other than clubs and balls saw its share reduced by -6.9% from 2013 to 2024, respectively.
In value terms, the largest types of imported golf clubs and other golf equipment were golf equipment; other than clubs and balls ($1.3B), golf clubs; complete ($821M) and golf balls ($331M).
Golf balls, with a CAGR of +3.5%, saw the highest rates of growth with regard to the value of imports, among the main imported products over the period under review, while purchases for the other products experienced mixed trends in the imports figures.
Import Prices By Type
The import price in Asia-Pacific stood at $1.8 per unit in 2024, dropping by -7.6% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2022 when the import price increased by 18%. As a result, import price reached the peak level of $2.1 per unit. From 2023 to 2024, the import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major imported products. In 2024, the product with the highest price was golf clubs; complete ($90 per unit), while the price for golf equipment; other than clubs and balls ($1.2 per unit) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by golf equipment; other than clubs and balls (+4.5%), while the other products experienced more modest paces of growth.
Import Prices By Country
In 2024, the import price in Asia-Pacific amounted to $1.8 per unit, falling by -7.6% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2022 an increase of 18%. As a result, import price reached the peak level of $2.1 per unit. From 2023 to 2024, the import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was South Korea ($2.8 per unit), while Vietnam ($902 per thousand units) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Australia (+6.3%), while the other leaders experienced more modest paces of growth.
ExportsAsia-Pacific’s Exports of Golf Clubs And Other Golf Equipment
In 2024, exports of golf clubs and other golf equipment in Asia-Pacific reached 3.7B units, surging by 12% on the year before. Total exports indicated mild growth from 2013 to 2024: its volume increased at an average annual rate of +1.9% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports decreased by -6.7% against 2022 indices. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. Over the period under review, the exports attained the peak figure at 4B units in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.
In value terms, golf equipment exports reached $4.2B in 2024. Overall, exports showed a slight expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. Over the period under review, the exports attained the maximum at $5.4B in 2022; however, from 2023 to 2024, the exports failed to regain momentum.
Exports By Country
China represented the main exporting country with an export of around 1.9B units, which amounted to 51% of total exports. Taiwan (Chinese) (743M units) took a 20% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (12%) and Hong Kong SAR (7.4%). Thailand (129M units), Japan (108M units) and South Korea (85M units) took a relatively small share of total exports.
From 2013 to 2024, average annual rates of growth with regard to golf equipment exports from China stood at +4.3%. At the same time, Vietnam (+18.9%), South Korea (+8.4%), Taiwan (Chinese) (+2.7%), Thailand (+1.8%) and Japan (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +18.9% from 2013-2024. By contrast, Hong Kong SAR (-10.0%) illustrated a downward trend over the same period. China (+11 p.p.), Vietnam (+9.9 p.p.) and Taiwan (Chinese) (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -21.5% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($1.3B), Vietnam ($793M) and Taiwan (Chinese) ($756M) were the countries with the highest levels of exports in 2024, together comprising 68% of total exports.
Among the main exporting countries, Vietnam, with a CAGR of +21.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports By Type
In 2024, golf equipment; other than clubs and balls (2.7B units) represented the largest type of golf clubs and other golf equipment, achieving 73% of total exports. It was distantly followed by golf balls (987M units), comprising a 26% share of total exports.
Exports of golf equipment; other than clubs and balls increased at an average annual rate of +1.1% from 2013 to 2024. At the same time, golf balls (+5.1%) displayed positive paces of growth. Moreover, golf balls emerged as the fastest-growing type exported in Asia-Pacific, with a CAGR of +5.1% from 2013-2024. From 2013 to 2024, the share of golf balls increased by +7.5 percentage points.
In value terms, the largest types of exported golf clubs and other golf equipment were golf equipment; other than clubs and balls ($2.3B), golf clubs; complete ($1.2B) and golf balls ($630M).
In terms of the main exported products, golf balls, with a CAGR of +5.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced mixed trends in the exports figures.
Export Prices By Type
The export price in Asia-Pacific stood at $1.1 per unit in 2024, with a decrease of -8.7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 14%. Over the period under review, the export prices attained the maximum at $1.4 per unit in 2022; however, from 2023 to 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the product type; the product with the highest price was golf clubs; complete ($39 per unit), while the average price for exports of golf balls ($638 per thousand units) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by golf equipment; other than clubs and balls (+2.4%), while the other products experienced more modest paces of growth.
Export Prices By Country
In 2024, the export price in Asia-Pacific amounted to $1.1 per unit, waning by -8.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 14%. Over the period under review, the export prices attained the peak figure at $1.4 per unit in 2022; however, from 2023 to 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Japan ($3.1 per unit), while China ($684 per thousand units) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.6%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform
