According to Technavio’s latest market research study, the global golf apparel market is expected to grow at a CAGR of more than 4% during the forecast period 2017-2021.
This report by Technavio provides an in-depth analysis of the global golf apparel market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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Global golf clothing market: The increasing demand for new and comfortable sportswear will drive the growth in the global golf clothing market. The market is also witnessing a rising demand for t-shirt and fleeces. The manufacturers are investing in the development of innovative products to meet the consumer requirements and to increase their profitability. The vendors are launching products with new fabric and appeal, which includes athleisure clothing, clickprints, and denim prints. These new designs are targeted for consumers that participate athleisure activities.
“The introduction of innovative products offering attributes such as sweat management clothing will gain immense popularity in the apparel market during the forecast period. This clothing is designed to help golfers play in any condition. Some of these products include sweater-like fabrics with stretch technology and light jackets that are windproof and rain-resistant,” says Brijesh Kumar Choubey, a lead analyst at Technavio for research on outdoor gear.
Global golf shoe market: The growing adoption of lightweight golf shoes will help in the development of this market segment. In 2016, the sale of spike-less shoes and hybrid shoes that have a mix of molded spikes and replaceable spikes was very high and accounted for almost 50% ofthe total sale of golf shoes. The vendors are using advanced technology in manufacturing golf shoes with varied sole sizes and density levels to meet the requirements of the consumers.
Global golf accessories market: The launch of technologically advanced products will make this the second fastest growing market segment. For instance, leading company New Era is offering Contour Tech Hat, which features the CoolSkin technology. This technology involves the use of fabric that can absorb heat from key areas and reduce the players’ skin temperature. Some of the vendors are also launching lightweight hats that help diminish odor and eliminate sweat stains to expand their consumer base.
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The top vendors operating in the global golf apparel market are:
- Callaway
- Cleveland Golf
- Nike
- TaylorMade Golf
- Under Armour
Other prominent vendors in the market include Acushnet, Amer Sports, ASICS, ESCADA, Mizuno, PING, Puma, and Ralph Lauren.
A more detailed analysis is available in the Technavio report titled, ‘Global Golf Apparel Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Golf Clubs Market 2016-2020
- Global Sports Equipment Market 2016-2020
- Global Golf Push and Pull Cart Market 2016-2020
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