Indoor Golf Equipment Market Size, Share, Growth, And Industry Analysis, By Type (Golf Simulator, Golf Putting Green, Golf Mat, Golf Net and Others), By Application (Commercial and Residential), Regional Forecast To 2031

Updated On: 01 April 2024

Indoor Golf Equipment Market Report Overview

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global indoor golf equipment market size was USD 784.5 Million in 2021 and market is projected to touch 2013.29 Million by 2031, exhibiting a CAGR of 9.8% during the forecast period.

Golf maneuvers of any kind that can be performed indoors fall under the broad category of "indoor golf." With the aid of a golf test system, golf may typically be practiced at home on a driving range or green that is electronically or optically stimulated. Given the location of the sensing devices, it is often quite possible to gather statistics regarding both the ball and the club so that the most accurate velocity and directional information, as well as replicated ball flight behavior.

Numerous businesses, including GolfZon, OptiShot, Trugolf, and Full Swing Golf, and many others, offer indoor golf equipment at competitive costs, fostering the market's expansion. Additionally, increased pay-per-hour usage in retail indoor entertainment centers, expanding consumer interest in VR technology, and increasing customer usage of augmented reality are factors that contribute equally to the market's expansion during the anticipated time frame.

COVID-19 Impact: Growth in Indoor Leisure Alternatives due to the Closing of Golf Courses

As people looked for indoor leisure alternatives amid curfews and prohibitions on indoor meeting areas, the COVID-19 epidemic has had a significant effect on the indoor golf industry and driven growth. As more individuals sought out active hobbies and opportunities to practice their golf, the need for inside golf simulators, golf mats, and various other golf gear grew. An increase in the need for indoor equipment was also a result of the closing of country clubs and driving ranges.

Latest Trends

"Advancements in Technology Help Golfers have a More Accurate and Engaging Experience"

A surge in the appeal of indoor golf simulators, which offer a much more accurate and engaging golfing gaming experience, is being attributed to the incorporation of virtual reality, augmented reality, and high-speed webcams, which are the most recent advancements in the indoor golf equipment industry. Essentially, the golf equipment industry is on the continuous cycle of developing to accommodate the ever-changing desires and requirements of golfers, with a special emphasis on enhancing the game and offering more ease while playing to the customers.

Indoor Golf Equipment Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Golf Simulator, Golf Putting Green, Golf Mat, Golf Net and Others

• By Application Analysis

Based on application, the market can be divided into Commercial and Residential

Driving Factors

"Growing Awareness about Health is Increasing the Popularity of Indoor Equipment"

In the upcoming years, the indoor golf market will be driven mostly by consumers' increased recognition of health and fitness as well as their propensity for recreational activities. Additionally, with the growing popularity of golf putting greens as a substitute for golf courses in commercial environments will lead to quite the significant profit increase in the time ahead. Furthermore, it is anticipated that the need for indoor golf equipment would increase quite a lot due to technical innovation and advancement in the next decades.

"High Demand for the Simulator Segment is Driving the Golf Equipment Market "

The market for indoor golf equipment is now dominated by the simulator segment, which is also expected to remain dominant over the coming years. The simulator system comes with extras the same as a shot tracker and a golfing display. The system was primarily created using electronic media. However, taking the customer into account, businesses including SkyTraka and Trackman offer specialized software. In contrast, during the projection period, the sector for simulation solutions is anticipated to rise at the greatest CAGR.

Restraining Factors

"Competition from Other Indoor Sports and High Cost of the Equipment Might Hinder Sector’s Growth"

The price of golf equipment, particularly high-end simulators and programs, may be fairly pricey, making it impossible for many individuals to buy. Besides this, other indoor sporting goods and diversions, such VR gaming, which may be more readily affordable and available, compete with indoor golf. These elements may restrict expansion for indoor golf equipment market growth and hinder the sector's ability to realize its full potential.

Indoor Golf Equipment Market Regional Insights

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"Presence of Major Firms and Strong Golfing Culture are Pushing North America to Lead the Market"

A robust golfing habit, large spending money, and rapid acceptance of technology within the region were some of the reasons why North America dominated the indoor golf business. The number of golf enthusiasts and indoor golf establishments in the United States, which is the largest consumer for golf equipment, is steadily increasing. The market's expansion has also been aided by the presence of significant manufacturers and suppliers in the area. These factors have aided North America to hold the largest indoor golf equipment market share as compared to the other regions of the world.

Key Industry Players

"Key Players Investing in R&D and Developing Partnerships to Gain a Larger Customer Base"

The leading companies in the indoor golf equipment segment are using a variety of tactics to increase their reach. In order to produce new and better indoor golf products, including sophisticated golf simulators and compact and portable models, numerous businesses are making research and development investments. In order to access a larger number of customers, businesses are also extending their access by starting new and untouched areas both locally and globally. Additionally, they are also developing collaborations and partnerships with golf course owners, merchants, and sports clubs.

List of Market Players Profiled

• GOLFZON (South Korea)
• Full Swing Golf (U.S.)
• SG-Golf (South Korea)
• Okongolf (U.S.)
• SkyTrak (U.S.)
• AboutGolf (Switzerland)
• Big Moss (U.S.)
• TrackMan (Denmark)
• Bravo (U.S.)

Report Coverage

This report covers the indoor golf equipment market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.