Saudi Arabia Golf Clubs Market (2022-2028) | Industry, Outlook, Revenue, Size, Share, Growth, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Saudi Arabia Golf Clubs Market Synopsis

Saudi Arabia Golf Clubs Market is expected to experience growth. The demand for golf clubs in Saudi Arabia is increasing due to the growing popularity of the sport and the availability of more affordable options. In addition, the number of golf courses in the country is also on the rise, which is providing more opportunities for people to play. However, the high cost of membership at many of the country's private clubs remains a barrier to entry for many potential players. In addition, there is a lack of awareness about the sport among women and children, which limits its growth potential.

According to 6Wresearch, the Saudi Arabia Golf Clubs Market size is expected to grow during 2022-2028. The country’s performance is majorly influenced by its tourism sector, which has risen in recent years owing to the introduction of various tourist attractions and infrastructure development.

The Kingdom of Saudi Arabia (KSA) offers a great opportunity for businesses in the golf clubs market due to the presence of various world-class golfing facilities and a large number of affluent population. Moreover, the country's Vision 2030 program is expected to attract more investments in the golf club’s market. Golf is a popular sport in Saudi Arabia and there are many golf clubs located across the country. The Saudi Arabian Golf Federation (SAGF) was established in 1973 and is the governing body for golf in the country. There are currently over 50 registered golf clubs in Saudi Arabia.

Driver for the Saudi Arabia Golf Clubs Market

Some of the major drivers for the Saudi Arabia golf clubs market growth include:

• Rising disposable incomes: Disposable incomes have been rising steadily in Saudi Arabia over the past few years due to economic growth and higher oil prices. This has led to increased demand for luxury goods and services, including golf club memberships.
• Government initiatives: The government has been supportive of the development of the golf industry in Saudi Arabia. In 2013, the government issued a decree that granted visas to professional golfers from all over the world to compete in tournaments held in the country. This has helped attract international attention to Saudi Arabia as a destination for golf tourism.
• Increasing number of golf courses: The number of golf courses in Saudi Arabia has been increasing in recent years. This is due to the growing demand for the sport as well as government initiatives to develop the golf industry.

Challenges faced by the Saudi Arabia Golf Clubs Market

Some of the major challenges affecting the Saudi Arabia golf clubs market revenue include:

• High cost of membership: Golf club memberships are relatively expensive in Saudi Arabia, which makes it difficult for many people to afford them.
• Lack of skilled labor: There is a lack of skilled labor in Saudi Arabia, which makes it difficult to find qualified staff to work at golf clubs.
• Religious restrictions: There are some religious restrictions in Saudi Arabia that limit the ability of women to play golf.

Market Analysis based on Product Type

By type, the market is further classified into woods, irons, putters, and wedges. The woods segment holds the largest share in the market due to their versatility and ability to hit long shots. Woods are used for long-distance shots, irons for mid-distance shots, wedges for short-distance shots, and putters for putting on the green.

Iron is designed to help players hit the ball further and with more accuracy. They are made from high-quality materials and often have special features that make them ideal for playing on different types of terrain.

Impact of COVID-19 on the Saudi Arabia Golf Clubs Market

Since the outbreak of Covid-19, there has been a significant impact on the Global golf clubs market. The virus has led to the closure of many golf clubs and a decrease in demand for golf club products. This has resulted in a decline in revenue for golf clubs in Saudi Arabia. In addition, the virus has also caused a decrease in the number of visitors to Saudi Arabia, which has further impacted the golf clubs market.

Competitive Landscape for Saudi Arabia Golf Clubs Market

The Saudi Arabia Golf Clubs Market share is growing rapidly with the increasing popularity of the sport. The country has a large number of golf courses and clubs, which are attracting both domestic and international players. The competitive landscape for Saudi Arabia golf clubs is highly fragmented with a large number of local and international players. Some of the key players in the market include Saudi Golf Federation, Royal Golf Club, Al Ain Sports Club, and Jumeirah Golf Estates.

The Saudi Golf Federation is the governing body for golf in Saudi Arabia and is responsible for promoting the game in the country. The Royal Golf Club is one of the oldest and most prestigious clubs in Saudi Arabia. It has hosted numerous international tournaments including the European Tour and Ladies European Tour. Al Ain Sports Club is a leading player in the UAE golf club market and has a strong presence in Saudi Arabia. Jumeirah Golf Estates is a world-renowned luxury golf resort located in Dubai, UAE.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Golf Clubs Market Outlook
• Market Size of Saudi Arabia Golf Clubs Market, 2021
• Forecast of Saudi Arabia Golf Clubs Market, 2028
• Historical Data and Forecast of Saudi Arabia Golf Clubs Revenues & Volume for the Period 2018 - 2028
• Saudi Arabia Golf Clubs Market Trend Evolution
• Saudi Arabia Golf Clubs Market Drivers and Challenges
• Saudi Arabia Golf Clubs Price Trends
• Saudi Arabia Golf Clubs Porter's Five Forces
• Saudi Arabia Golf Clubs Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Golf Clubs Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Golf Clubs Market Revenues & Volume By Woods for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Golf Clubs Market Revenues & Volume By Iron for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Golf Clubs Market Revenues & Volume By Wedges for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Golf Clubs Market Revenues & Volume By Putters for the Period 2018 - 2028
• Saudi Arabia Golf Clubs Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Saudi Arabia Golf Clubs Top Companies Market Share
• Saudi Arabia Golf Clubs Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Golf Clubs Company Profiles
• Saudi Arabia Golf Clubs Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

• Woods
• Iron
• Wedges
• Putters