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2021
Golf Clothing Market

Golf Clothing Market

by Product Type (Top Wear and Bottom Wear), End User (Men, Women and Kids), and Distribution Channel (Specialty store, Franchise Store, Online Store and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A12502
Pages: 314
Jul 2021 | 5868 Views
Author(s) : Priya , Roshan Deshmukh
Tables: 131
Charts: 73
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The global golf clothing market size was valued at $834.1 million in 2020, and is projected to reach $1,554.3 million by 2030, registering a CAGR of 6.0% from 2021 to 2030. 

Golf clothing are sports apparel that are worn by a user mainly during playing golf. The emerging countries of the Asia-Pacific region such as India and China, offer lucrative opportunities to the players in the market. Increasing disposable incomes and growing health awareness among individuals have fostered the growth of the market in the region. International brands are actively expanding in the region to tap the latent opportunities in the region.

golf-clothing-market-2021-2030

The key manufacturers in the golf clothing industry are continuously launching new and innovative golf clothing with new designs, vibrant colors, and styles to offer a wide range of choice to strengthen their product portfolio. This has encouraged consumers to spend on these products, thereby fueling the revenue generation. Thus, such factors contribute in the growth of the market, in terms of value sales.  

Disruption in growth of the golf clothing market in 2020 is attributed to the COVID-19 outbreak. Due to COVID-19 pandemic, many golf tournaments were postponed or cancelled during the outbreak. Moreover, sale of golf clothing was hampered worldwide, as the outbreak has led to closure of sports complexes, state sports activities, specialty stores and others. This further led to decline in participation in golf which in turn, hampered the demand for golf clothing. Thereby, the aforementioned factors have restricted the growth of the market.

The golf clothing market segments are categorized into product type, end user, distribution channel and region. By product type, it is classified into top wear and bottom wear. By users, the market is classified into men, women, and kids. By distribution channel, the market is segregated into specialty store, franchise store, online store and others. By region, the market is classified into North America (U.S, Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific(China, Japan, India, Australia & New Zealand ,South Korea, ASEAN and rest of Asia- pacific) and LAMEA(Brazil, Saudi Arabia , South Africa, Turkey and Rest of LAMEA).

The growth of the golf clothing is attributed to increase in sports enthusiasts in countries such as India, the UK, and others. Moreover, rise in trend of golf tourism is also attributable to the growing interest of consumers, especially youths toward golf. This in turn has driven the demand for golf clothing among the golf players contributing toward the growth of the market in terms of value sales.  

Based on golf clothing market analysis by product type, the top wear segment was the most prominent category in 2020 and is expected to remain dominant during the forecast period. This is attributable to the fact that the introduction of nanotechnology and microfibers has opened new opportunities of manufacturing smart textiles that not only meet needs of golf person but also aid athletes in achieving high performance with enhanced comfort and safety. However, bottom wear is expected to be the fastest growing segment during the forecast period.

Golf Clothing Market
By Product Type

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The topwear segment dominates the global golf clothing market and is expected to retain its dominance throughout the forecast period.

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Based on end user, the men segment was the highest contributor to the market share in 2020 and is expected to remain dominant through 2021–2030.However, the women segment is expected to witness a notable growth in terms of value sales during the golf clothing market forecast period.

Golf Clothing Market
By End User

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The men segment dominates the global golf clothingmarket and is expected to retain its dominance throughout the forecast period.

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Based on distribution channel, the specialty store segment accounted for the highest golf clothing market share in the market. This is because, these stores provide high-quality service and detailed product specification & expert guidance to customers. Also, consumers usually prefer to analyze and evaluate the product before purchase, thereby boosting the retail sales of golf clothing through specialty store. However, the online store is expected to be the fastest growing segment during the forecast period.

Golf Clothing Market
By Distribution Channel

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The Specialty store segment dominates the global golf clothingmarket and is expected to retain its dominance throughout the forecast period.

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Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest market share in 2020. North America dominates the golf clothing market in the year 2020. Consumers in the region are increasingly participating in golf especially in the U.S., which in turn has driven the demand for golf clothing in this region. This in turn has propelled the golf clothing market growth in North America.

Golf Clothing Market
By Regions

2030
North America 
Europe
Asia-pacific
Lamea

The North America segment dominates the global golf clothingmarket and is expected to retain its dominance throughout the forecast period.

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The key players operating in the industry focus on prominent strategies to overcome competition and maintain as well as improve their share worldwide. Some of the major players in the industry analyzed in this report include Adidas AG, Antigua Group, Inc., Callaway Apparel, Linksoul, Nike, Inc., Puma Inc., Ping TaylorMade Golf Company, Inc., William Murray Golf and Under Armour, Inc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the current golf clothing market trends, estimations, and dynamics of the golf clothing for the period of 2020–2030 to identify the prevailing golf clothing market opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
  • Major countries in all the four regions have been mapped according to their revenue contribution to the industry. 
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
  • The report includes the analysis of the regional as well as global market, key players, market segments, end user, and growth strategies.

Key Market Segments

By Product type

  • Top wear
  • Bottom wear

By User

  • Men
  • Women
  • Kids

By Distribution channel

  • Specialty store
  • Franchise store
  • Online store
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia and New Zealand
    • South Korea
    • ASEAN
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Turkey
    • Rest of LAMEA
 

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As per the CXOs of the leading companies, the golf clothing market has witnessed significant growth over the years and is expected to grow at a steady pace during the forecast period. This is attributed to rise in number of sports enthusiasts globally and increase in trend of fashionable sports apparel.

The key market players operating in the golf clothing market have adopted key developmental strategies such as product launch to fuel the demand for golf clothing globally. In addition, according to them, they have emphasized on continuous innovations in their products such as tops, t-shirts and others, to maintain a strong foothold in the market.

The CXOs further added that the continuous product innovation in golf clothing with vibrant colors and styles is driving the growth of the market. However, the adoption of alternative leisure activities restricts the growth of the golf clothing market in terms of value sales during the forecast years.

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FREQUENTLY ASKED QUESTIONS?

A. The global golf clothing market size is projected to register a CAGR of 6.0% from 2021 to 2030.

A. The global golf clothing market size is projected to reach $1,554.3 million by 2030.

A. Rise in fitness conscious consumers, continuous innovation in sportswear, increase in participation of women in golf, and rapid growth of online retail platform are the major the top impacting factors of the golf clothing market.

A. Some of the major players in the industry analysed in this report include Adidas AG, Antigua Group, Inc., Callaway Apparel, Linksoul, Nike, Inc., Puma Inc., Ping TaylorMade Golf Company, Inc., William Murray Golf and Under Armour, Inc.

A. The golf clothing market segments are categorized into product type, end user, distribution channel and region.

A. Product launch, collaborations and acquisitions are the key growth strategies of Golf Clothing market players.

A. By product type, Bottom wear is expected to be the fastest growing segment during the forecast period.

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