Golf Apparel Market Is Projected To Grow At A CAGR Of 4% By 2030

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The soaring popularity of golf as a sport and the construction of new facilities around the globe are set to trigger demand for golf apparel in the foreseeable future. Governments around the globe, especially in Asia Pacific, where a large number of new golf courses are in the development phase, are combining golf with tourism and economic development, which shall add value to sales during the forecast period. The new facilities also include a high percentage of publicly accessible courses, which is poised to attract new fans to the sport. These factors are projected to propel the growth of market at 4% growth during the forecast period 2020-2030

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Key Takeaways of the Golf Apparel Market Study

  • North America accounts for more than one third share in the golf apparel market, and the demand in the region is expected to show an upward trend during the forecast period.
  • Bottom wear is expected to experience high growth in comparison with top wear owing to diversified portfolio comprising of bottom wear such as pants and shorts.
  • Men’s segment in golf apparel market is expected to dominate the market and is projected to grow 1.3X during the forecast period.
  • Individuals are expected to be the fastest growing buyer type for golf apparel, growing 1.5X during forecast period.
  • Sales through sports variety stores are expected to remain prominent, while branded golf stores are expected to catch up.

“The global golf apparel market is poised to showcase sluggish growth in 2020, owing to the COVID-19 pandemic. However, companies are anticipating lucrative opportunities post pandemic as well as over the next five year forecast period”, says the Fact.MR analyst.

Golf Apparel Market: Segmentation

FactMR’s study has done the segmentation of the golf apparel market on the basis of product type, gender, sales channel, and buyer type.

  • By Product Type :

    • Top wear
    • Bottom wear
    • Hats
    • Shoes
    • Other Accessories
  • By Gender :

    • Men
    • Women
    • Kids
  • By Sales Channel :

    • Sports Variety Stores
    • On-Course Outlets
    • Branded Golf Stores
    • Others
  • By Buyer Type :

    • Individual
    • Institutional
    • Promotional
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia and Oceania
    • MEA

 

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