Golf Grip Market Size, Share, Growth, and Industry Analysis, By Type (Rubber, Corded and Other), By Application (Female, Male and Children), Regional Insights, and Forecast To 2031

Golf Grip Market Report Overview

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The global golf grip market size was USD 312.2 million in 2021 and is projected to touch USD 416.53 million by 2031 at CAGR 2.9% during the forecast period.

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 rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

Golf is a game played on a golf course with a club and a ball. The grip that is attached to the golf club and is used to strike the ball is called the grip. The grip, which is attached to the shaft's top end, provides the club with the best grip for swinging. Rubber, leather, and thermoplastics are just a few of the raw materials that go into making the grip.

The most crucial piece of golf club equipment is the grip. Because of the interlocking grip, both hands effectively function as a single fluid unit. It locks the hands and wrists together. Without having to worry too much about what wrists are doing, this gives one much better control. Golf club grips are designed to allow golfers to grip the clubs so that they can improve accuracy, confidence, and distance.

COVID-19 Impact: Market Demand Was Increased during the Pandemic

The global pandemic's restrictions put the entire world into shock, but the market for golf grips witnessed a significant surge in demand. This is primarily because golf, in contrast to many other sports, provides individuals with opportunities to complete golf-related activities at home. A number of preventative lockdowns, significant disruptions to manufacturing and supply chain operations, and other government restrictions forced people to stay indoors. Golfers got opportunities to practice golf-related activities staying indoors. Amid the quarantine restrictions, golf game emerged as the safe space for recreation. Further, easy availability of all the required tools through online platform boosted market growth.

Latest Trends

"Improvement in Manufacturing Techniques to Drive Market Expansion"

Grip sales have increased significantly over the past few years as a result of the rising popularity of leisure activities like gaming and easy access to online platforms. People were even more compelled to look for a secure indoor game due to the lockdown restrictions. Additionally, golfers' increasing use of grip has contributed to the industry's expansion. The growing awareness of the advantages of using a grip has led to a significant expansion of the global market for golf grips. Market demand might rise as a result of these factors.

Golf Grip Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into rubber, corded and others.

In terms of type, rubber golf grip is the largest segment.

• By Application Analysis

Based on application, the market can be divided into female, male and children.

In terms of application, male golf grip is the largest market.

Driving Factors

"Easy Access through Online Platforms anticipated to Drive Market Demand"

Due to the pandemic, more people are using e-commerce platforms, which has helped the market grow even more. Online platforms provide safe and clean delivery services for a wide range of products. The golf grip market growth is anticipated to expand due to factors such as convenient refunds, safe payment options, doorstep delivery, and easy access to varieties of products.

"Growing Demand for Recreation Activities to Boost Market Growth"

Golf is one of the most popular leisure activities worldwide. Golf equipment is so important, according to the Sports & Fitness Industry Association, that more money is spent annually on clubs and their accessories than on baseball, basketball, and football equipment all at once. With the development of new technology, improved grip design has resulted in an enhanced golfing experience. The growth of the golf grip market is being driven by the availability of newer products that combine various raw materials to create firm or soft grip materials and the rise in sports participation. The growth of the market is further fueled by an increase in disposable income, an increase in spending on sports and an active lifestyle, an increase in golf tournaments, and longer product life or durability.

Restraining Factors

"Rising Prices of Grip to Restrict Market Demand"

Rising grip prices may impede market expansion. The high cost of research and development (R&D) associated with the development and implementation of novel methods is anticipated to limit industry growth in part. The rising cost of the raw materials such as rubber, leather, and thermoplastics needed to make golf grips is another factor that is preventing the market from expanding.

Golf Grip Market Regional Insights

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"North America is anticipated to Dominate Market Share due to Increasing Demand"

Due to presence of large number of golfers in North America, it is anticipated to dominate in the golf grip market share. The presence of the industry's leading manufacturers in North America and improvement in their product category in response to increasing demand from a numerous range of end-user companies and rising demand for recreational activities are the factors responsible for market growth.

Key Industry Players

"New Techniques by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.

The top key players in the market are Lamkin, Golf Pride, SuperStroke, Winn and TaylorMade and others. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the market growth.

LIST OF TOP GOLF GRIP COMPANIES

• 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 (U.K.)
• Ray Cook (U.S.)
• Rife (U.S.)

Report Coverage

This report examines an understanding of the golf grip market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.