The shaft of a golf club is the long, tapered tube which connects the golfer's hands to the club head. While hundreds of different designs exist, the primary purpose of the golf shaft remains the same: to provide the player with a way to generate centrifugal force in order to effectively strike the ball. When properly gripped the player can hit the ball further and more accurately, whilst applying less force.
According to the new market research report “Golf Shaft - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Golf Shaft market size was estimated at US$ 480.60 million in the year 2023, is projected to reach a revised size of US$ 677.09 million by 2030, growing at a CAGR of 4.97% during the forecast period 2024-2030.
- Global Golf Shaft Market Size (US$ Million), 2019, 2023 and 2030
Source: QYResearch, "Golf Shaft - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers: The market is majorly driven by the growing popularity and adoption of golf as an active sport. Moreover, premium resorts and hotels are incorporating sporting activities in their hospitality facilities, golf being one of them. Establishment of miniature golf courses to increase the inflow of patrons and endorsing it as a healthy leisure activity is contributing to the rising sales of golf shaft.
- Global Golf Shaft, Global Market Size, The Top Five Players Hold 72.5% of Overall Market
Source: QYResearch, "Golf Shaft - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
At present, the major players of Golf Shaft in the world include: True Temper, Mitsubishi, Nippon Shaft, Paderson Shafts, Fujikura, FEMCO, Graphite Design, UST Mamiya, LA Golf, etc., among which True Temper is the world’s largest Golf Shaft manufacturer.
In 2023, the global top five Global Golf Shaft players account for 72.5% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Global Golf Shaft.
In terms of consumption, North America is the largest consumer market, with a market share of 56.51% in 2023. It is expected that Asia-Pacific will experience the fastest growth, with a CAGR of approximately 6.53% in the next few years.
About The Authors
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Chen - Senior Analyst |
| Email: Chenglijun@qyresearch.com
Sirui Chen is a senior research analyst who has 7 years’ experience in materials, chemicals and mineral resource. |
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