Golf Grips Market Size, Share, Growth, and Industry Analysis, By Type (Rubber, Corded, & Others), By Application (Male, Female, & others) and Regional Forecast to 2032

GOLF GRIPS MARKET REPORT OVERVIEW

The global golf grips market size was USD 322 million in 2024 and the market is projected to touch USD 416.5 million by 2032, exhibiting a CAGR of 2.9% during the forecast period.

With the increasing participation in both hobby and professional golf, the global golf grips market is set to exhibit growth consistently. Innovation in grip material and design has been able to pander to the ever-changing needs of golfers. This has included materials that provide moisture control for better performance, as well as fitting better ergonomically. The demand is growing for customized and high-performance grips, with Golf Pride, Lamkin, and SuperStroke launching new products to satisfy these demands.

Further building in the number of golf courses globally and more interest in this sport from the younger generation maintain this market segment. The technologies and materials have, apart from the addition of properties such as damping of vibration and lightweight compounds, continued to expand this market's reach due to further development. While the U.S is a very important market owing to runaway golfing culture and infrastructure, regions like the Asia-Pacific have shown potential to emerge as growth areas on account of increased investment in sports infrastructure and rising disposable incomes.

COVID-19 Impact: supply chain delays and closure of factories slowed market growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic initially had a negative impact on the golf grips market by causing delays in supply chains and the shutdown of factories. However, when golf gained favor as the sport aligned with social distancing needs, the demand for golf grips surged-manufacturers say more players upgraded their equipment, offsetting earlier negative market conditions.

LATEST TRENDS

 "Increasing demand for high-performance and customizable grips drives the market"

The trend in current times in the golf grips market growth is a greater need for high-performance and customized grips, since improvement in materials provides an increased grip, comfort, and durability. A more increasing and targeted demand is towards eco-friendly grips from sustainable sources materials, flowing from an environmental consciousness. Furthermore, the use of smart grips with inbuilt sensors for swing analysis is on the rise among tech-savvy golfers, therefore bringing more value to the game. Online retail channels are gaining momentum in the market owing to convenience and greater selection for shoppers.

GOLF GRIPS MARKET SEGMENTATION

 By Type

Based on type the global market can be categorized into rubber, corded, & others.

• Rubber: Most ordinary grip material, rubber is preferred because it is relatively cheap and can withstand wear and tear. It gives a soft feel and has a tacky surface area for better grip control.
• Corded: In a corded grip, the rubber core has a wrapping textile cloth around it that improves grip and traction, particularly in humid or rainy conditions. This style of grip is preferred by players who prefer a firm, secure grip.
• Others: Hybrid material and leather form a category of grips popularly known to provide unique feel, outstanding comfort, and superior performance to enthusiastic golfers.

 By Application

Based on application the global market can be categorized into male, female, & children.

• Male: Male grips are larger in size, with firmer textures to suit strength of hand grip and speed of swing
• Female: The female golf grips are softer, lighter, with a slightly smaller diameter to fit women's hand sizes and offer comfort and control.
• Children: This type of grip is manufactured smaller and lighter for the younger players in order to fit their hands and allow them to develop appropriate grip techniques and enhance their game.

DRIVING FACTORS

 "Increasing golf participation boosts market growth"

Growing popularity of golf around different regions, especially among young demographics and female people, is propelling the golf grips market growth consecutively. As golf becomes increasingly accessible and more appealing as both a recreational activity and professional sport, more players are entering the market to increase purchases in equipment categories. These include youth programs initiated by associations, among others, to help grow the game and make courses more friendly to beginners. Resulting in a steady demand for new and replacement grips, due to professional players asking for updated equipment to perform better.

 "Technological advancements in grip design propels market growth"

Continuous innovation in terms of design and materials involved in the manufacture of golf grips has significantly enhanced performance, comfort, and durability; hence, it propels the market. They are trying to make more grips with special, added features such as moisture-wicking capability, vibration dampening, and ergonomic shapes so players can have a better grip and overall feel. The acceptance of intelligent sensors that might be used for swing analysis in smart grips is also gaining momentum among tech-savvy golfers, adding freshness to the game. These technological updates are attracting amateur and professional players. These players anticipate improving their game with high-performance equipment.

RESTRAINING FACTORS

 "High cost of premium grips restrict market growth"

The golf grip market comprises a range of products from low-end to high-end. The premium grips are an advanced class of materials combined with technologies and innovative designs, which obviously add up a value price to it. In fact, value-added features such as superior moisture-wicking properties, effective vibration dampening, or integrated smart sensors bring the price way up. For the casual or budget-conscious golfer, higher prices may simply be out of the question, thus forcing them to look elsewhere for more affordable products. It is this sensitivity to price that could dampen the adoption of high-end grips and ultimately hurt overall market growth, even shrinking the customer pool for those manufacturing premium products. Therefore, the balancing between quality and cost remains the challenge companies go through if they want to attract bigger consumers while remaining profitable.

GOLF GRIPS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

 "North America dominates global markets driven by well-established golf infrastructure"

North America dominated the golf grips market share owing to well-developed golf infrastructure in the region, large number of golf courses, and high level participation in the sport. In particular, the U.S has traditionally been one of the strongest golfing cultures, consumer spending in golf equipment being very significant and including a big chunk for grips. And it is further supported by major golf equipment manufacturers and retailers based in North America, further strengthening the dominance by contributing to leadership in market trends and innovations.

KEY INDUSTRY PLAYERS

"Key players dominate the market by regular product innovation"

Major players in the golf grip market include Golf Pride, Lamkin, and TaylorMade. The companies are continuously reinforcing their positions by continuous product innovation, hence offering a wide variety of products to cater to the needs of different consumers. Strategic mergers and sponsorship of professional golfers also occur. The companies continue toward globalization by entering emerging markets and adapting their products to suit regional tastes to capture more customers and subsequently solidify their competitive advantage.

List of Market Players Profiled

• Golf Pride (U.S)
• Lamkin (U.S)
• SuperStroke (U.S)
• Winn (U.S)
• TaylorMade (U.S)
• Iomic (Japan)
• Boccieri (U.S)
• Avon Grips (U.S)
• Integra (U.S)
• Loudmouth Golf (U.S)
• Cobra (U.S)
• Scotty Cameron (U.S)
• Tacki-Mac (U.S)
• The Grip Master (Australia)
• JumboMax (U.S)
• EGIGO (United Kingdom)
• Ray Cook (U.S)
• Rife (U.S)

INDUSTRIAL DEVELOPMENT

August 2024: Golf Pride of U.S developed a new range of golf grips by introducing advanced moisture-wicking technology for manufacturing the grips for golf. The innovation will raise the performance of the grip in all kinds of weather and will provide more control and comfort to the golfer during the play.

REPORT COVERAGE

The study on the golf grips market covers the present status of the industry as well as the growth estimations, and key market trends. The report describes the type-based segmentation of the market, including rubber, corded, and others, and the various applications, including male, female, and children. It examines certain factors that have been fuelling the growth of the market, such as increased participation in golf and development of technology related to grip design. COVID-19 impact, recent trends, regional insights, and what key players are doing to maintain the lead in the market are discussed here. Also, information provided outlines recent industry developments and general questions about the current value of the market, growth rate, and main segments.