Golf Apparel Market By Product Type (Top wear, Bottom wear, Hats, Shoes), By Gender (Men, Women, Kids), By Sales Channel (Sports Variety Stores, On-Course Outlets, Branded Golf Stores), By Buyer Type, By Regions - Global Market Insights 2020 - 2030
Fact.MR’s latest report projects that the global golf apparel market will surge at a steady CAGR of little under 4% during the forecast period (2017-2026). Over the years, popularity of golf has reached new heights. The youth generation is finding the modern version of the sport quite appealing and trendy. This, in turn, is influencing the participation rate. The number of golf players has grown to a significant extent over the past couple of decades. Rising popularity of golf in various parts of the world is resulting in greater involvement of individuals both in passive viewing and active participation. In addition, growing number of pro-golf tournaments and greater media coverage is playing a crucial role in putting golf in the bracket of prominent sports in the world. Factors as such are expected to drive the demand for golf apparels in the forthcoming years. As per Fact.MR’s report, global golf apparel market will stand at over US$ 6,600 Mn by 2026-end. Also, development of new courses has provisioned greater access to the sport making it less expensive and exclusionary.
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People in the developing countries are also showing more interest in the sport owing to construction of erection of golf courses, which is enabling the youth population to get a more exclusive golf experience. After a century long absence, golf reappeared in the 2016 summer Olympics held in Rio. The sport has continued to gain traction in recent years, which is also having positive influence on the demand for golf apparel. The 2017 PGA merchandise show held in Orlando saw record attendance which proves which highlights immense market potentials of golf apparels.
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Fila Korea Co., Ltd., NIKE, Inc., Callaway Golf Company, Amer Sports Corporation, Kering S.A., Adidas AG, Under Armour, Inc., ASICS Corporation, MIZUNO Corporation, and Ralph Lauren Corporation are among the leading market players profiled in the Fact.MR’s report. In order to further strengthen their market position, many of these companies are concentrating on improving product quality and offer customizations based on customer requirements.
FactMR’s study has done the segmentation of the golf apparel market on the basis of product type, gender, sales channel, and buyer type.
Product Type
Gender
Sales Channel
Buyer Type
Region
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Aug 02, 2022