Golf Apparel, Footwear, and Accessories Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Golf Apparel, Footwear, and Accessories Market is Segmented By Type (Clothing, Shoes, Accessories, Others), By Price Range (Economy, Mid-Range, Luxury), By Consumer Group (Men, Women, Kids), By Distribution Channel (Online, Offline), and By Region (North America, Europe, South, America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Golf Apparel, Footwear, and Accessories Market Size

Global Golf Apparel, Footwear and Accessories Market reached US$ 12.5 billion in 2022 and is expected to reach US$ 13.9 billion by 2030, growing with a CAGR of 4.4% during the forecast period 2023-2030.

The increasing participation of women in golf competitions, the increased number of golf tournaments worldwide and the growing interest of millennials in golf sports are the primary driving factors for the global golf apparel, footwear and accessories market. According to a Koozie group analysis, golf rounds in U.S. grew by roughly 5% in 2021 compared to 2020 and by around 20% in pre-pandemic years. Women made up 33% of new golfers, while Gen Z and young millennials made up 27%.

During the forecast period 2023-2030, shoes are estimated to account for around 25.3% of the global golf apparel, footwear and accessories market. The easy availability of lightweight golf shoes, as well as rapid advancements in traction design technology, are projected to have a significant impact on market growth. The expansion of the golf shoe market is being aided by traction innovations.

Golf Apparel, Footwear, and Accessories Market Scope

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Golf Apparel, Footwear, and Accessories Market Dynamics

Growing Innovations in Golf Apparel, Footwear, and Accessories

Technology integration in golf apparel, footwear and accessories is gaining traction. Smart textiles and wearable sensors, for example, are being used to monitor and analyse golfers' performance, providing information on swing mechanics, posture and body movements. Golf shoes or accessories with GPS capabilities can track distances and give course directions. Rapid product development, such as the introduction of smart sensors and improved grips, drives market expansion. 

For example, in April 2022, the new version of Arccos Golf's Smart Sensors would be most valuable to golfers who wish to better understand their game and progress faster. Smart Sensors (Gen3+) use entirely electronic shot-tracking technology that utilises Arccos hardware and software to recognise a player's shots more precisely.

The Rise in Golf Tourism

To enhance their golfing experience, golf travellers frequently seek high-quality apparel, footwear and accessories. The need for specialised golf products grows in line with the number of golf tourists. While visiting new golf areas, travellers may be more likely to purchase golf apparel and accessories as keepsakes or to enhance their equipment. The rising demand has the potential to raise sales in the global golf apparel, footwear and accessories market.

Golf tourism attracts visitors from all over the world, bringing together golf aficionados from various countries and cultures. The exposure can expose consumers to a variety of golf brands and styles of clothes, footwear and accessories. Tourists trying out and discovering new products on golf excursions can lead to improved brand awareness, global market expansion and significant growth prospects for golf product makers.

High Costs of Golf Accessories

Golf as a sport or hobby is an expensive activity for an individual to pursue. A good set of golf clubs, equipment and clothes may easily cost more than US$1,000. Because of the large amount of money involved in the game, the number of players is limited. Many golfers seeking a career in golf may require sponsorship early on in order to become professional players. 

The high cost of golf might hinder the expansion of the global golf apparel, footwear and accessories market. Golf clubs can be generically classified as drivers, wedges, putters and irons; they are costly, ranging from US$ 399 to more than US$ 3,200. The price is mostly determined by the material used in manufacture, as well as other specifications that can result in improved golf performance.

Golf Apparel, Footwear, and Accessories Market Segment Analysis

The global golf apparel, footwear and accessories market is segmented based on type, price range, consumer group, distribution channel and region.

Development of Nanotechnology and Microfibers in Clothing

Clothing segment holds more than 1/3rd of the global golf apparel, footwear and accessories market during the forecast period. Since the advancement of nanotechnology and microfibers has provided up new options to make smart fabrics that fit the needs of golfers and help players to perform at their best while boosting comfort and safety, the apparel segment has a major share of the market share. 

In addition, by using a "lifestyle clothing" approach, prominent clothing brands are effectively reaching a wider audience with their golf products. Golf clothing sales expanded as manufacturers merged to suit consumer demand for style and comfort. Furthermore, golf tees are recognised as business casual t-shirts and are in high demand among the aspiring workers.

Source: DataM Intelligence Analysis (2023)

Golf Apparel, Footwear, and Accessories Market Geographical Share

Presence of Major Players in North America

North America golf apparel, footwear and accessories market has witnessed significant growth and popularity covering more than 1/3rd share in 2022. The golf industry is well-established in U.S., with millions of players and innumerable courses. The country is home to numerous well-known golf apparel businesses, including Nike, Adidas and Under Armour, which dominate the industry. Mexico's golf industry is smaller, but it is growing steadily.

The golf apparel, footwear and accessories sector in the country is still in its infancy, with few native and foreign firms supplying the market. In the extremely competitive North America golf apparel business, a number of domestic and foreign firms are striving for market share. The market is expected to grow further as a result of factors such as increased interest in golf as a sport in the region and rising demand for trendy, eco-friendly golf clothing.

Source: DataM Intelligence Analysis (2023)

Golf Apparel, Footwear, and Accessories Market Companies

The Major global players include Nike Inc., Cobra Golf (PUMA), Adidas AG, TopGolf Callaway Brands Corp., KERING , Amer Sports, Asics Corporation, Bridgestone Golf, Inc., Decathalon and Fila Holding Corp.

COVID Impact

With the closure of gyms and fitness clubs during COVID-19, the global golf apparel, footwear and accessories business declined. The COVID-19 pandemic has had a severe influence on the global golf apparel, footwear and accessories sector. However, a surge in demand for attractive, comfortable and custom-made sports equipment is predicted to drive market expansion and has also aided industry growth during and after the pandemic. 

The growth has been rapid since the market reopened during COVID-19 and the sector is likely to grow significantly. Software companies are undertaking a variety of strategic moves in order to recover from COVID-19. Multiple research and development initiatives are being carried out by the players in order to improve the technology involved in the accessories. The companies will use this to bring advancement and innovation to the sports sector. Furthermore, government initiatives for fitness and sporting culture have fueled industry expansion.

Russia- Ukraine War Impact 

The conflict has the potential to disrupt the global supply chain for golf apparel, footwear and accessories. Ukraine, like other countries in the region, is a major producer of textiles, clothes and footwear. The war disrupts manufacturing facilities or shipping routes and cause product delays or shortages, reducing the market supply of golf-related commodities.

The war has the potential to cause economic uncertainty in the region and abroad. Trade partnerships, currency exchange rates and consumer confidence can all be impacted by geopolitical tensions and prospective sanctions. Uncertainties in the economy might lead to lower consumer spending, impacting demand for golf apparel, footwear and accessories.

By Type

• Clothing
• Shoes
• Accessories
• Others

By Price Range

• Economy
• Mid-Range
• Luxury

By Consumer Group

• Men
• Women
• Kids

By Distribution Channel

• Online
• Offline  

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In December 2020, the KERING Company opened a new operating centre in Wayne, New Jersey, U.S. The new operation centre will assist the corporation in expanding its activities. It also contributes to the growth of the footwear market in North America and U.S.
• In December 2020, GolfNow announced that PUMA Golf will become its official apparel partner in 2021, starting a two-year marketing relationship between the world's leading golf technology and services company and the leader in golf design and style. As part of the arrangement, PUMA Golf will outfit the golf industry's largest sales force, with offices in North America, UK, the Republic of Ireland and Australia, serving over 9,000 golf course partners in 24 countries.
• Cleveland Golf revealed information on its brand-new Launcher XL line of clubs in January 2022, which is to be sold in retailers across UK and Europe. 

Why Purchase the Report?

• To visualize the global golf apparel, footwear and accessories market segmentation based on type, price range, consumer group, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of golf apparel, footwear and accessories market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global golf apparel, footwear and accessories market report would provide approximately 69 tables, 67 figures and 204 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies