Product Code: ETC8842326 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The golf equipment and apparel market in the Philippines is benefiting from the sport`s increasing popularity and growing golf tourism industry. The market includes clubs, balls, clothing, footwear, and accessories, with demand for high-quality and technologically advanced products. International brands dominate, with local retailers expanding their offerings to meet demand. However, the high cost of equipment and the sports exclusivity limit market penetration.
The increasing number of golf enthusiasts and rising disposable income levels are driving the demand for golf equipment and apparel in the Philippines. Technological advancements in golf clubs, balls, and training gear are attracting both amateur and professional players. Moreover, the influence of global brands, coupled with marketing campaigns by golf retailers and tournaments, is further boosting sales.
The golf equipment and apparel market in the Philippines is constrained by the sports limited participation rate and high costs associated with golf clubs, shoes, and accessories. Economic factors, such as inflation and fluctuating disposable income, impact spending on non-essential sports equipment. Additionally, counterfeit products and grey-market imports create pricing pressures for legitimate brands. The lack of government support for golf development programs further restricts market expansion.
Golfers in the Philippines are increasingly investing in high-quality equipment and apparel, presenting lucrative investment prospects. Companies specializing in premium golf clubs, balls, gloves, and performance-enhancing apparel can attract both amateur and professional players. Expansion into e-commerce and personalized golf gear can further boost sales.
The government supports the sports industry through tourism and leisure policies that indirectly benefit the golf equipment and apparel market. Tax incentives are provided to businesses importing or manufacturing golf gear. Quality control regulations ensure that all equipment meets safety and performance standards. Additionally, government-backed marketing campaigns promote golf tourism, driving demand for high-quality golf equipment.
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 Equipment and Apparel Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Golf Equipment and Apparel Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Golf Equipment and Apparel Market - Industry Life Cycle |
3.4 Philippines Golf Equipment and Apparel Market - Porter's Five Forces |
3.5 Philippines Golf Equipment and Apparel Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Golf Equipment and Apparel Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Golf Equipment and Apparel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Golf Equipment and Apparel Market Trends |
6 Philippines Golf Equipment and Apparel Market, By Types |
6.1 Philippines Golf Equipment and Apparel Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Golf Equipment and Apparel Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Golf Equipment and Apparel Market Revenues & Volume, By Golf Apparel & Shoes, 2021- 2031F |
6.1.4 Philippines Golf Equipment and Apparel Market Revenues & Volume, By Golf Clubs, 2021- 2031F |
6.1.5 Philippines Golf Equipment and Apparel Market Revenues & Volume, By Golf Balls, 2021- 2031F |
6.1.6 Philippines Golf Equipment and Apparel Market Revenues & Volume, By Other Accessories, 2021- 2031F |
6.2 Philippines Golf Equipment and Apparel Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Golf Equipment and Apparel Market Revenues & Volume, By On-Course Golf Shops, 2021- 2031F |
6.2.3 Philippines Golf Equipment and Apparel Market Revenues & Volume, By Golf Specialty Retailers, 2021- 2031F |
6.2.4 Philippines Golf Equipment and Apparel Market Revenues & Volume, By Online Stores, 2021- 2031F |
7 Philippines Golf Equipment and Apparel Market Import-Export Trade Statistics |
7.1 Philippines Golf Equipment and Apparel Market Export to Major Countries |
7.2 Philippines Golf Equipment and Apparel Market Imports from Major Countries |
8 Philippines Golf Equipment and Apparel Market Key Performance Indicators |
9 Philippines Golf Equipment and Apparel Market - Opportunity Assessment |
9.1 Philippines Golf Equipment and Apparel Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Golf Equipment and Apparel Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Golf Equipment and Apparel Market - Competitive Landscape |
10.1 Philippines Golf Equipment and Apparel Market Revenue Share, By Companies, 2024 |
10.2 Philippines Golf Equipment and Apparel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |