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Global Golf Apparel Market 2017-2021

Global Golf Apparel Market 2017-2021

About Golf Apparel

The global golf apparel market has been witnessing growth over the last few years and is shaping up to become one of the top competitive markets. With globalization, ample growth opportunities are being created in the market. The importance of health and wellness among people has increased. Rapid changes in lifestyles have had a positive impact on the demand for athleisure clothing, a popular form of clothing since 2010. Such clothing is typically made of comfort-focused fabrics and has performance-inspired designs. These factors have made golf players as well as users involved in other outdoor activities prefer athleisure clothing.

Technavio’s analysts forecast the global golf apparel market to grow at a CAGR of 4.31% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global golf apparel market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of golf apparel to individual consumers.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report Global Golf Apparel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Callaway
  • Cleveland Golf
  • Nike
  • TaylorMade Golf
  • Under Armour
Other prominent vendors
  • Acushnet
  • Amer Sports
  • ASICS
  • ESCADA
  • Mizuno
  • PING
  • Puma
  • Ralph Lauren
Market driver
  • Substantial association initiatives and sponsorship deals.
  • For a full, detailed list, view our report
Market challenge
  • Rising interest in fantasy golf.
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of FootGolf.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Golf Apparel Market 2017-2021

Technavio recognizes the following companies as the key players in the global golf apparel market: Callaway, Cleveland Golf, Nike, TaylorMade Golf, and Under Armour.

Other Prominent Vendors in the market are: Acushnet, Amer Sports, ASICS, ESCADA, Mizuno, PING, Puma, and Ralph Lauren.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is advances in golf technology. Golf equipment manufacturers are making continuous efforts to develop technologically advanced equipment to attract sports enthusiasts. Vendors are developing modern, customized golf equipment to motivate consumers to replace their equipment with upgraded versions. For instance, TaylorMade Golf developed RocketBallz, which is the first fairway wood that offered a coefficient of restitution of 0.83. A coefficient of restitution of 0.83 indicates that when the club head meets the ball, 83% of the energy is transferred to the ball.”

According to the report, one driver in market is growing number of golf courses across the globe. Though golf courses remain highly concentrated in the top 20 golfing nations, their number is increasing across the globe. In January 2015, a total of 34,011 golf facilities were identified worldwide. Most (70%) of these facilities were in the top 10 golfing countries including Australia, Canada, England, Japan, and the US. Most of these facilities are in private clubs, golf resorts, and golf-centric real estate, and are thus largely accessible. 70% of the total 34,011 golf facilities across the globe are open to the public.

Further, the report states that one challenge in market is elite nature of the game. Golf apparel offered by the global vendors are expensive. As a result, most consumers in the developing and developed regions are reluctant to buy them, and they are mainly purchased by the high-income group. This restricts the growth of the global golf apparel market. In addition, the intrinsic nature of golf as a sport is elite with all its equipment being costly. Golfers also must take into consideration the green fees associated with the golf courses. While some developed cities have several public golf courses, others are just dotted with private golf courses. In cities or countries, where the sport is not very popular, golf courses are only present in resorts and the green fees charged by these resorts are quite high. Thus, these golf courses are unaffordable for normal golfers. Renting golf carts only adds to the total cost of playing golf.

Companies Mentioned

Callaway, Cleveland Golf, Nike, TaylorMade Golf, Under Armour, Acushnet, Amer Sports, ASICS, ESCADA, Mizuno, PING, Puma, Ralph Lauren.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Product segmentation of global golf apparel market
      • Table End-user segmentation of global golf apparel market
      • Table List of countries by geography
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Golf industry: Key aspects
      • Table Key aspects of the golf industry
    • Golf industry across the globe
      • Table Average number of registered golfers in Europe 1995-2014 (millions)
      • Table Distribution of registered golfers in Europe 2014
      • Table Segmentation of golfers in Europe 2015
  • Market landscape
    • Market overview
      • Table Global golf apparel market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Table Global golf apparel market by product type
    • Table Global golf apparel market by product type 2016 and 2021 (% share)
    • Global golf clothing market
      • Table Global golf clothing market 2016-2021 ($ billions)
    • Global golf shoes market
      • Table Global golf shoes market 2016-2021 ($ billions)
    • Global golf accessories market
      • Table Global golf accessories market 2016-2021 ($ billions)
  • Market segmentation by end-use
    • Table Global golf apparel market segmentation by end-use
    • Table Global golf apparel market segmentation by end-use 2016 and 2021 (% share)
    • Global men's golf apparel market
      • Table Global men's golf apparel market 2016-2021 ($ billions)
    • Global women's golf apparel market
      • Table Global women's golf apparel market 2016-2021 ($ billions)
    • Global children's golf apparel market
      • Table Global children's golf apparel market 2016-2021 ($ billions)
  • Market segmentation by retail formats
    • Table Global golf apparel market by retail formats
    • Table Global golf apparel market by retail formats 2016 (% share)
    • Table Global golf apparel market by retail formats 2021 (% share)
    • Table Analysis of different retail formats based on key parameters
  • Geographical segmentation
    • Table Geographical segmentation of the global golf apparel market 2016 and 2021 (% share)
    • Golf apparel market in North America
      • Table Golf apparel market in North America 2016-2021 ($ billions)
      • Table Segmentation of US golfers by annual rounds 2014
      • Table Segmentation of US golfers by age 2014
      • Table North America: Golf industry statistics
    • Golf apparel market in APAC
      • Table Golf apparel market in APAC 2016-2021 ($ billions)
      • Table APAC: Golf industry statistics
    • Golf apparel market in Europe
      • Table Golf apparel market in Europe 2016-2021 ($ billions)
      • Table Number of registered golfers in Europe 2005-2015 (millions)
      • Table Key golfing countries in Europe 2015
      • Table Europe: Golf industry statistics
    • Golf apparel market in ROW
      • Table Golf apparel market in ROW 2016-2021 ($ billions)
  • Market drivers
    • Substantial association initiatives and sponsorship deals
    • Growing number of golf courses across the globe
      • Table Golf facilities with respect to population 2015
      • Table Worldwide development in the number of golf courses in 2015
    • Growing popularity of pro-golf tournaments
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Elite nature of the game
      • Table Household income of golfers in US 2014
    • Rising interest in fantasy golf
    • Orthodox norms of playing golf
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Advances in golf technology
    • Growing popularity of FootGolf
    • Integrated mobile solutions
  • Vendor landscape
    • Competitive scenario
      • Table Global golf apparel market: Key vendors 2016
      • Table Global golf apparel market: Radar chart analysis
    • Callaway
      • Table Callaway: Product segmentation and geographical segmentation 2015
    • Cleveland Golf
    • Nike
    • TaylorMade Golf
      • Table adidas: Geographical segmentation by revenue 2015
    • Under Armour
      • Table Under Armour: Business segmentation by revenue 2015
      • Table Under Armour: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Under Armour: Geographical segmentation by revenue 2015
      • Table Under Armour: Product segmentation for golf
    • Other prominent vendors
  • Explore Technavio

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