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How is the Golf Apparel Global Market expected to grow through 2024 to 2029?
The golf apparel market size has shown significant growth, with a rise from $3.31 billion in 2024 to an expected $3.55 billion in 2025. This reflects a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this growth include traditional dress codes in golf clubs, the growing popularity of golf as a recreational sport, influence of professional golf tournaments, the evolution of golf fashion, increasing golf tourism, and an expansion of destination golf courses.
Further growth is expected in the future, with the market size forecasted to rise to $4.68 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. This growth can be attributed to several factors including golf’s emergence as a social activity, sponsorship and endorsements from golfers and brands, growing female participation in golf, expansion of golf retail and merchandise outlets, recognition of golf as a fitness activity, and adoption of customized and personalized golf attire.
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What are the key drivers influencing the Golf Apparel Market Growth?
The increase in golf events worldwide is anticipated to drive the growth of the golf apparel market. Golf events refer to professional and amateur games, including pro-am competitions, exhibitions, clinics, charity tournaments, media appearances, and open practice sessions. Comfortable apparel plays a crucial role in maintaining athletes’ focus on the game and enhancing their performance. In 2023, the United States recorded 531 million rounds of golf, surpassing the previous high of 529 million set in 2021, as per the National Golf Foundation (NGF). This increased participation in the sport directly fuels the growth of the golf apparel market.
What are the Major Segments within the Global Golf Apparel Market?
The golf apparel market can be segmented as follows:
1) By Type: Clothes, Hats, Shoes, Other Types
2) By Sales Channel: Retail, Specialty Stores, Sports Megastores, Online, On Course Stores, other Sales Channels
3) By Application: Professional, Amateur
4) By End User: Men, Women, Kids
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Who are the key players driving the Golf Apparel Market?
Major companies operating in the golf apparel market include Nike Inc., Adidas AG, Puma SE, Lululemon Athletica Inc., Ralph Lauren Corporation, Under Armour Inc., Uniqlo Co Ltd., Hugo Boss AG, Topgolf Callaway Brands Corp, Calvin Klein Inc., Fila Holdings Inc., Amer Sports Oy, Lacoste Alligator S.A., U.S. Polo Assn., Acushnet Holdings Corp, Mizuno Corporation, Oakley Inc., TaylorMade Golf Company Inc., and FootJoy, among others.
What are the emerging apparel trends in the Golf Apparel Market?
Product innovation is a key trend gaining popularity in the golf apparel market. For instance, in April 2022, Crew Clothing, a UK-based clothing retailer, launched their first technical golf apparel collection. The collection features apparel with advancements such as four-way stretch for easy swinging and items with COOLMAX moisture-wicking technology. This highlights the emphasis on comfort and performance in the golf attire market.
Which Region is the most Prominent in the Golf Apparel Market?
North America was the largest region in the golf apparel market in 2024, and it is expected to be the fastest-growing region during the forecast period. Other regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does the Golf Apparel Global Market Report 2024 termed to offer?
Golf apparel refers to clothing and accessories specifically designed for golfers, often featuring stretch fabrics, UV protection, and moisture-wicking materials to enhance performance and maintain a polished image. The Golf Apparel Global Market Report 2024 research report provides detailed analysis on global market size, growth rate, regional shares, competitor analysis, segment details, trends, and growth opportunities.
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