The global Golf Shaft market size was estimated at US$ 480.60 million in the year 2023, is projected to reach a revised size of US$ 677.09 million by 2030

Global Golf Shaft Market Summary

The shaft of a golf club is the long, tapered tube which connects the golfer's hands to the club head. While hundreds of different designs exist, the primary purpose of the golf shaft remains the same: to provide the player with a way to generate centrifugal force in order to effectively strike the ball. When properly gripped the player can hit the ball further and more accurately, whilst applying less force.

According to the new market research report “Global Golf Shaft Market Report 2024-2030”, published by GIResearch, the global Golf Shaft market size was estimated at US$ 480.60 million in the year 2023, is projected to reach a revised size of US$ 677.09 million by 2030, growing at a CAGR of 4.97% during the forecast period 2024-2030.

• Global Golf Shaft Market Size (US$ Million), 2019, 2023 and 2030

Source: GlobalInfoResearch, “Global Golf Shaft Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”.

Market Drivers: The market is majorly driven by the growing popularity and adoption of golf as an active sport. Moreover, premium resorts and hotels are incorporating sporting activities in their hospitality facilities, golf being one of them. Establishment of miniature golf courses to increase the inflow of patrons and endorsing it as a healthy leisure activity is contributing to the rising sales of golf shaft.

• Global Golf Shaft, Global Market Size, The Top Five Players Hold 72.5% of Overall Market

Source: GlobalInfoResearch, “Global Golf Shaft Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”.

At present, the major players of Golf Shaft in the world include: True Temper, Mitsubishi, Nippon Shaft, Paderson Shafts, Fujikura, FEMCO, Graphite Design, UST Mamiya, LA Golf, etc., among which True Temper is the world’s largest Golf Shaft manufacturer.

In 2023, the global top five Global Golf Shaft players account for 72.5% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Global Golf Shaft.

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