Golf Putting Green Market Size, Share, Growth, and Industry Analysis, By Type (Indoor Putting Green and Outdoor Putting Green), By Application (Commercial Applications and Residential Applications) and Regional Insight and Forecast to 2032

GOLF PUTTING GREEN MARKET REPORT OVERVIEW

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The global golf putting green market size was USD 101.20 million in 2023 and the market is projected to touch USD 152.72 million by 2029, exhibiting a CAGR of 7.10% during the forecast period.

The putting green, commonly referred to as the green, is a well-manicured, slender grassed element of the golf course where skillful strikes are performed. This is a flat surface concentric to the hole and enables the player to putt a shot that employs a flat putter club, an implement with minimal angle of elevation so that the ball will roll on the ground. The surface area of the green can be of irregular forms and it is also possible for it to be topologically complex since the actual tilt and incline play a role in determining the difficulty in directing the ball into the cup. Nevertheless, these features may be a challenge and different from other sections of the golf course, the green is usually not as inclined, creating an ideal flat surface for putting.

A golf putting green is very important because it provides an opportunity for a golfer to put into practice, putting skills since putting is an important aspect of the game and through it, a player is probably to achieve a good score. This specialized area creates an environment similar to the actual golf course and enables golfers to hone their skills achieved when practising putting. Players can master the nature and texture of putting green through daily practice and develop good skills in predicting putts' momentum. The putter is always regarded as one of the game’s key components through which success or failure on a golf course can be made, it is always beneficial for any real golf player to have a practice on the putting green.

COVID-19 Impact: Pandemic harmed the market because of interruptions of workflow and supplies

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 first effect of the pandemic was highly unfavourable and many countries’ manufacturing and supply chains were severely disrupted. Companies were forced to close their production line or work at a very slow rate due to some health issues and restrictions by the governments. This affected the supply chain through factors such as the availability of raw materials and stock of finished products. Moreover, cross-border operations were disrupted due to closed borders and high levels of restricted quarantine, which enhanced the disruption of the supply chain. These challenges were worsened when transportation and logistics services ceased abruptly due to the outbreak, translating to immense delays and escalating costs. Specifically, companies across industries were caught off guard, which emphasized the downside of globalization networks.

LATEST TRENDS

"Increasing adoption of home putting greens to drive the market"

Increasing the usage of home putting greens and the growth of golf-related infrastructures. The need for efficient testing as well as a rising trend towards home golfing has made consumers look for personal putting greens. There are already people who are willing to invest in good quality mats that best fit their training. Further, the increase in the number of golf players is also being supported by the growth of new golf facilities, refined services and new courses. This trend has been driven by increased participation in the sport, development of golf equipment and improvements in culture for an active and long-lasting lifestyle. Therefore, the necessary golf market is witnessing constant growth due to such shifting customer behaviours and advancements in related infrastructures.

GOLF PUTTING GREEN MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized into Indoor Putting Green and Outdoor Putting Green.

• Indoor Putting Green: Indoor putting greens, crafted from synthetic materials such as polypropylene, polyethene or nylon, offer golfers a realistic practice surface with consistent speed and break. Popular in homes, offices and golf simulators, these greens cater to professionals and enthusiasts similarly, allowing year-round practice without the constraints of weather or travel. Their rising popularity reflects a growing demand for convenient, effective ways to refine putting skills in any indoor setting.

• Outdoor Putting Green: The greens are installed outdoors, made from the best artificial grass and designed to mimic the feel and speed of real grass, offering golfers practice sessions that are as close to the real thing as possible. These greens are commonly found in golf courses and private land due to their ability to endure various climatic conditions and provide clients with long-lasting greens for use. The market thrives on the growing appeal of golf as a recreational pursuit, meeting golfers' demand for convenient skill enhancement without requiring trips to formal courses.

By Application

Based on application the global market can be categorized into Commercial Applications and Residential Applications.

• Commercial Applications: The commercial golf putting greens are produced from top-quality synthetic turf and simulate natural grass body and speed to fulfil the need for real golfing grounds for the individuals who practice. Found in golf courses and professional facilities, these greens feature intricate undulations and slopes akin to real courses, catering to players of all levels. It improves the experience of clients, attracts those who want to improve their skills in the game and increases the overall exterior beauty and status of the site.

• Residential Applications: The growth of the residential golf putting green market is aimed at homeowners who would such as to have their greenery area for practising in their compound. Customizable in size, shape and complexity. These greens also offer convenience and skill improvement opportunities without the need for travel. They also enhance property value and provide a social gathering spot, reflecting a growing trend driven by golf's popularity and homeowners' desire for personal golfing amenities.

DRIVING FACTORS

"Increasing popularity of playing golf as a leisure activity to boost the market"

Golf has become one of the most popular recreational activities for people across the world today, especially ‘millennials’ which is boosting the global golf putting green market growth. The people within this region also disclosed that they engage in playing golf to exercise their body, to interact with people and to de-stress. This is made even more apparent by the increasing adoption of flexible working schedules and the general interest in activities that are carried out under the open sky. Self-sufficiency and self-entertainment are the keys to our modern world, therefore millennials who are keen on the convenience and personalization of their activities are putting home putting greens in place to practice the game and enjoy it on their own. Also, various social platforms and technological advancements have enhanced golf influencing young people to embrace it. This has made millennials consider the need for high-quality putting greens both at their homes and in public golf facilities hence leading to increased market growth.

"Shift towards eco-friendly and technologically advanced putting greens to expand the market"

The golf industry also shows a significant change in the direction of environmentally friendly and technologically improved putting greens for the purpose in tune with the changing consumer tastes. There has been a steady rise of environmental consciousness in golfers and the operators of golfing facilities, this has led to the search for more environmentally sustainable methods of managing golf courses and using golf-related equipment. Organic putting greens employ products that save water and are less inclined to chemical inputs hence enhancing turf health naturally. Furthermore, other intelligent features such as moisture sensors, turf condition sensors, self-irrigation systems and synthetic turf technologies mimic real grass in feel, look and feel with little harm to the environment. These developments not only ensure a high-quality and attractive playing surface that can be universally enjoyed for their gameplay but also contribute to local and sustainability initiatives. Therefore, these green and technologically advanced solutions are being increasingly incorporated into the market, as consumers seek quality products that also spare the environment.

RESTRAINING FACTORS

"Market is facing challenges due to extensive maintenance requirements"

The market encounters several problems which prevent it from developing especially the three types of greens that demand much maintenance. The playing surfaces of high-quality putting greens require constant care to preserve the requisite surface consistency for mowing, watering and application of fertilizer and pesticides. This constant upkeep can be very time-consuming and expensive, which limits some people’s willingness to purchase home putting greens and or golf facilities. However, the knowledge and equipment to maintain these kinds of greens make it even more difficult an endeavour since they require specialized care. These factors play the deciding role in the fact that both individual consumers and facility operators are hesitant to invest in the initial period, which affects the growth of the total market even though the popularity of golfing destinations is growing along with the demand for high-quality services.

GOLF PUTTING GREEN MARKET REGIONAL INSIGHTS

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"North America dominate the market due to the popularity of golf within the population"

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

The North American countries emerge as some of the largest consumers of the global golf putting green market share due to the considerable popularity of golf across the countries. Golf has long been an important part of culture and recreational pursuits in both countries having many fans and engaged followers. This region has a large number of golf courses and an established golf industry that supports several aspects such as putting green for residential and commercial purposes. North America exhibits a similar trend with golf courses and facilities established across the country where people from different age groups and demographics indulge in playing the game. The high demand for putting greens in these markets is fueled by the desire among golf enthusiasts to practice and improve their skills, reflecting the enduring appeal and economic importance of golf in North America.

KEY INDUSTRY PLAYERS

"Key industry players are developing advanced putting green technology for market expansion"

Key industry players in golf simulators and virtual golf experience businesses invest a lot of effort in designing advanced putting green technology that changes how indoor training is conducted for golfers. These innovations provide realistic simulation of the roll and break of the balls providing the atmosphere such as that of the putting green. These systems use leading-edge sensor inputs and software analysis to give the golfer feedback on the accuracy, speed and trajectory of their putts. This will enable the golfers to practice putting while following high levels of accuracy and precision and without having to worry about some of the confining constraints such as the weather or time. Such advancements are especially interesting for those golf lovers who wish to have comfortable conditions and at the same time feel the complete uniqueness of training sessions. These technologies keep on developing and they are transforming the golf training and leisure market into something very appealing to golf enthusiasts and casual players.

List of Market Players Profiled

• Full Swing Golf (U.S.)
• SkyTrak (U.S.)
• AboutGolf (U.S.)
• Big Moss (U.S.)
• Bravo (U.S.)
• Foresight Sports (U.S.)
• TruGolf (U.S.)
• Optishot (U.S.)
• Fiberbuilt Golf (U.S.)
• GOLFZON (South Korea)
• SG-Golf (South Korea)
• Okongolf (South Korea)
• Greenjoy (China)
• TrackMan (Denmark)
• T-UP (Germany)
• Tourlinks (Not getting)

INDUSTRIAL DEVELOPMENT

July 2024: The Christie’s GS Series laser projectors are installed to light up the putting region in Atomic Golf, the golf course on the Las Vegas Strip for round-the-clock dazzling graphics. Designed by Beaudry Interactive, these virtual greens feature advanced tracking technology that allows for precise ball movement analysis, supporting engaging gameplay for all skill levels. Coherent Design's choice of Christie projectors ensures durability and performance in this innovative sports entertainment venue, setting it apart in the competitive Las Vegas entertainment landscape.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.