Product Code: ETC104808 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Golf Club market currently, in 2023, has witnessed an HHI of 2308, Which has increased slightly as compared to the HHI of 2050 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The golf club market in Philippines is estimated to be worth approximately USD 151 million. The market has grown at a CAGR of 3% over the last five years and is expected to continue growing due to an increase in demand from avid golfers and popularity among tourists. There are more than 200 golf clubs across the country, with most concentrated in Metro Manila and nearby provinces such as Cavite, Laguna, Batangas, Bulacan, Pampanga, Nueva Ecija and Tarlac. Most of these clubs cater primarily to private players or members only. However there are also public courses available that provide daily play for non-members. The leading brands include Titleist, Callaway Golf and TaylorMade which form upwards of 70% of the total golf club market share in the Philippines.
The Philippines golf club market might be driven by the country`s golfing culture, tourism, and lifestyle preferences. Golf is a popular recreational activity in the Philippines, attracting both local enthusiasts and international tourists. Drivers for this market could include the growth of golf courses, events, and leisure-related infrastructure, reflecting the demand for high-quality golf clubs and equipment.
The Philippines golf club market, involving the production and distribution of golf clubs and equipment, might encounter challenges tied to consumer discretionary spending, shifts in golf participation trends, and competition from international brands. Economic uncertainties could impact consumers` willingness to invest in premium golf equipment, and the market might need to adapt to changing demographics and recreational preferences.
The Philippines golf club market encountered shifts due to the COVID-19 pandemic. Golf, a leisure activity, was impacted by lockdowns, travel restrictions, and reduced leisure spending. The market for golf clubs and equipment faced challenges as golf courses temporarily closed and tournaments were postponed. However, as recreational activities gradually resume and travel restrictions ease, the golf club market is projected to recover. The resurgence of the tourism and leisure sectors will drive the market`s rebound.
The Philippines golf club market, catering to the golfing community and sports enthusiasts, could include significant players like Callaway Golf Philippines, a renowned brand known for its golf clubs and equipment. Another key participant might be Mizuno Philippines, offering a range of golf clubs and accessories, contributing to the development of the golf club market in the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Golf club Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Golf club Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Golf club Market - Industry Life Cycle |
3.4 Philippines Golf club Market - Porter's Five Forces |
3.5 Philippines Golf club Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Philippines Golf club Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Golf club Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Golf club Market Trends |
6 Philippines Golf club Market, By Types |
6.1 Philippines Golf club Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Philippines Golf club Market Revenues & Volume, By Application, 2018 - 2031F |
6.1.3 Philippines Golf club Market Revenues & Volume, By Leisure, 2018 - 2031F |
6.1.4 Philippines Golf club Market Revenues & Volume, By Professional, 2018 - 2031F |
6.2 Philippines Golf club Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Philippines Golf club Market Revenues & Volume, By Sporting Goods Retailers, 2018 - 2031F |
6.2.3 Philippines Golf club Market Revenues & Volume, By Online, 2018 - 2031F |
6.2.4 Philippines Golf club Market Revenues & Volume, By Department and Discount Stores, 2018 - 2031F |
7 Philippines Golf club Market Import-Export Trade Statistics |
7.1 Philippines Golf club Market Export to Major Countries |
7.2 Philippines Golf club Market Imports from Major Countries |
8 Philippines Golf club Market Key Performance Indicators |
9 Philippines Golf club Market - Opportunity Assessment |
9.1 Philippines Golf club Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Philippines Golf club Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Golf club Market - Competitive Landscape |
10.1 Philippines Golf club Market Revenue Share, By Companies, 2024 |
10.2 Philippines Golf club Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |