Market Forecast By Type (Golf Clubs, Golf Balls, Golf Gear, Golf Footwear & Apparel), By Distribution Channel (Sports Goods Retailers, Online Retail, Department & Discount Stores) And Competitive Landscape
Product Code: ETC129667 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Golf Equipment Market report thoroughly covers the market by types and distribution channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Philippines Golf Equipment Market has been attaining significant growth and is projected to expand more in the near future on the back of the rising interest of people in golf as a recreational activity and a sport. The rising number of golf resorts as well as courses in the nation has also stimulated the market success.
According to 6Wresearch, the Philippines Golf Equipment Market size will rise tremendously at a CAGR of 6.4% from 2025-2031. The golf equipment market in the Philippines has witnessed prominent growth due to many driving factors. One of the major drivers is the increasing interest in golf as a recreational activity and a sport. As the Philippines continues to develop economically, more people have disposable income to spend on leisure activities like golf, leading to a rise in the demand for golf equipment. Moreover, the growing number of golf courses and resorts across the country has contributed to the expansion of the market. These venues not only attract local enthusiasts but also tourists, further boosting the demand for golf equipment. These factors have been fueling the Philippines Golf Equipment Market Growth.
Challenges within the Philippines golf equipment market revolve around the high import tariffs imposed on these products. The import duties can majorly increase the overall cost of golf equipment, making it less accessible and affordable for a larger population. In addition, the market faces stiff competition from well-established international brands, which can pose challenges for local or smaller manufacturers to gain significant market share.
Key players in the Philippines' golf equipment market are both international brands and local manufacturers. Companies like Callaway, Titleist, TaylorMade, as well as Ping are significant global players with a strong presence due to their quality and innovation. Locally, brands like Golphin, Albatross, and Pacsports also contribute to the market with their offerings.
The government has taken several initiatives to support and promote the sports industry, including golf. These initiatives focus on infrastructure development, promoting sports tourism, and providing support to local manufacturers. Incentives such as tax breaks or subsidies for local manufacturing can encourage the growth of domestic brands and reduce dependency on imports. Additionally, efforts to develop golf courses and facilities in different regions of the Philippines aim to make the sport more accessible to a broader population. Government-sponsored tournaments and events also serve to promote golf, encouraging more people to take up the sport and thus increasing the demand for golf equipment.
According to Dhaval, Research Manager, 6Wresearch, golf footwear & apparel segment has been growing in the market and this growth is attributed to factors like increased interest in golf as a recreational sport, rising disposable incomes, and a growing awareness of golf fashion trends among enthusiasts.
The online retail segment on the basis of distribution channels is growing in the market. With the increasing popularity and convenience of online shopping, consumers were leaning more toward purchasing golf equipment through e-commerce platforms.
The report offers a comprehensive study of the subsequent market segments:
Philippines 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 Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Golf Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Golf Equipment Market - Industry Life Cycle |
3.4 Philippines Golf Equipment Market - Porter's Five Forces |
3.5 Philippines Golf Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Golf Equipment Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Golf Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Golf Equipment Market Trends |
6 Philippines Golf Equipment Market, By Types |
6.1 Philippines Golf Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Golf Equipment Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Philippines Golf Equipment Market Revenues & Volume, By Golf Clubs, 2021 - 2031F |
6.1.4 Philippines Golf Equipment Market Revenues & Volume, By Golf Balls, 2021 - 2031F |
6.1.5 Philippines Golf Equipment Market Revenues & Volume, By Golf Gear, 2021 - 2031F |
6.1.6 Philippines Golf Equipment Market Revenues & Volume, By Golf Footwear & Apparel, 2021 - 2031F |
6.2 Philippines Golf Equipment Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Philippines Golf Equipment Market Revenues & Volume, By Sports Goods Retailers, 2021 - 2031F |
6.2.3 Philippines Golf Equipment Market Revenues & Volume, By Online Retail, 2021 - 2031F |
6.2.4 Philippines Golf Equipment Market Revenues & Volume, By Department & Discount Stores, 2021 - 2031F |
7 Philippines Golf Equipment Market Import-Export Trade Statistics |
7.1 Philippines Golf Equipment Market Export to Major Countries |
7.2 Philippines Golf Equipment Market Imports from Major Countries |
8 Philippines Golf Equipment Market Key Performance Indicators |
9 Philippines Golf Equipment Market - Opportunity Assessment |
9.1 Philippines Golf Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Golf Equipment Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Golf Equipment Market - Competitive Landscape |
10.1 Philippines Golf Equipment Market Revenue Share, By Companies, 2024 |
10.2 Philippines Golf Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |