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Putter Grip Market Size Worth USD 602.8 Million by 2025 | CAGR: 2.6%

Published Date : July 2019 | Report Code: AV336 | Report Format: PDF

The putter grip market is expected to grow at CAGR of 2.6% to reach USD 602.8 billion by 2025.

Putter grip is predominant equipment used in the golf industry. The primary importance of this product is to enhance the hold of the putter in a way that they can exercise more control over the swing and the motion a particular shot. Putter grips enhance a putter’s accuracy, confidence and the distance at which the shot may go to. There are various materials that the grips may be made out of and the user can decide on the basis of personal style and comfort. Some of the common types of grips that are used are round, pistol, parallel, flat and jumbo grips. Over the past few years, golf has become a very popular recreational activity owing to the owing to considerable setup of golf related courses across the globe. This factor would in turn significantly driving the putter grip industry. Furthermore, the adoption of golf is steadily increasing in developing regions, augmenting this product demand further.

Estimated revenue, market shares of segments and players, and market size of key countries were acquired with the help of in-depth secondary and primary analysis. All data presented in the report collected through feedback from KoLs, interviewed market leaders, and performed various industry surveys to authenticate the research data. It also gathered key opinions of market observers to provide a clear picture of current and future scenario of the overall market.

Key Takeaway

  • Material segment is divided into cord, rubber and other. The market share is a complete landslide towards rubber. Rubbers are meant for a sturdy hold while giving the user a good range of motion. It creates a good sturdy grip without interfering with the performance of the player or strokes.
  • Based on comfort, cord material is not being the preferred choice among the rest. It may provide the good hold, however, they soak up moisture eventually, therefore may not be the preferred choice of type for a long game.
  • Size category is segmented as midsize, jumbo and standard. Product size is an important determining factor that influences player’s stroke
  • While most of the putter grips are made in round shape style but a number of variations are available. A men’s medium and a women’s small or medium is best for determining the small-sized or undersized grips when it comes to Golf grips or putter grips.
  • Distribution channels broadly divided into equipping outlets, online sales, and a second-hand market. Online sales is anticipated to grow with the fastest growth rate over the forecast period.
  • Regionally, developed regions accounted for the highest revenue share. Europe and North America remain at the top of the rankings in terms of golf interest, viewers and, at mass participation, even number of golf courses increasing rapidly in these regions, supporting this industry growth.
  • The study covers key manufacturers such as Golf Pride,SuperStroke, Winn, Boccieri, TaylorMade, Tacki-Mac, Iomic, Cobra, Integra, Rife, Scotty Cameron, Ray Cook, The Grip Master, JumboMax, Lamkin, Loudmouth Golf, EGIGO and Avon Grips.

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The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

MARKET, BY MATERIAL

  • Rubber
  • Cord

 MARKET, BY SIZE

  • Standard
  • Mid-Sized
  • Jumbo
  • Others

MARKET, BY DISTRIBUTION CHANNEL

  • Online Sales
  • Equipping Outlets
  • Secondhand Market

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

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