The market size of golf equipment, excluding golf balls and clubs, in South Korea demonstrated a steady rise from 2013 to 2023, reaching a value of $236.18 million in 2023. Over the last two years, year-on-year growth rates were 3.69% in 2022 and 3.49% in 2023. On average, the compound annual growth rate over the past five years was 3.93%. Notable trends include substantial growth in 2021 due to the pandemic-induced outdoor sports surge and moderate growth rates subsequently.

Future trends to watch for include:

Increased adoption of technology in golf training equipment.
Growing consumer interest in sustainability and eco-friendly products.
Potential market expansion with inclusion of more demographics like younger players and women.