US Golf Apparel, Footwear, and Accessories Market by Distribution Channel, End-user, and Product - Forecast and Analysis 2023-2027

Published: Apr 2023

Pages: 152

SKU: IRTNTR70115

Snapshot

The Golf Apparel, Footwear, and Accessories Market Size in US is estimated to grow at a CAGR of 5.18% between 2022 and 2027. The size of the market is forecast to increase by USD 1,265.96 million. The growth of the market depends on several factors, including a rising number of new product launches, a rising number of golf tournaments, and an increasing number of women participants.

This report extensively covers market segmentation by distribution channel (offline and online), end-user (men, women, and children), and product (apparel, footwear, and accessories). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the US Golf Apparel, Footwear, and Accessories Market During the Forecast Period?

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US Golf Apparel, Footwear, and Accessories Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing number of women participants in sports activities is notably driving the market growth, although factors such as the threat of counterfeit golf products may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key US Golf Apparel, Footwear, and Accessories Market Driver

The increasing number of women participants in sports activities is notably driving the market growth. Women are taking active participation in various sports around the world. The decreasing gender disparity in the number of male and female athletes competing in the Olympic Games is one of the biggest accomplishments on this front. A significant number of women are currently engaged in sports both professionally and recreationally.

Various organizations are running a number of promotional campaigns to promote the involvement of more women in sports. The Girl Golfs initiative, which aims to increase the number of female players in the sport, has the active backing of the PGA. Future female golfers also have a lot of chances to make a name for themselves. Over the past few years, more women have started playing golf and other outdoor activities. Such initiatives are expected to increase the number of women participants in golf, which, in turn, will drive the growth of the market during the forecast period.

Significant US Golf Apparel, Footwear, and Accessories Market Trends

Technological advances in golf sports and products are the key trend in the United States Golf Apparel, Footwear, and Accessories Market. The sport of Golf is transforming because of technology, which is also giving players a new opportunity to get better. The redesign of golf clubs, the use of positioning system devices to measure the distance to the hole, and the adoption of swing analysis, which can fix swing flaws, are examples of how technology has impacted golf. Due to the importance of stance and alignment in golf, new styles of clothes are also being created that are specifically designed to help golfers better align their spine and neck.

Golf clothing is being produced by vendors employing cutting-edge technologies and materials that are ideal for all weather conditions. Such technological innovations in golf apparel help golfers to play golf in any weather condition, and thus the demand for such golf apparel is expected to increase during the forecast period.

Major US Golf Apparel, Footwear, and Accessories Market Challenge

The threat of counterfeit golf products is the major challenge impeding the growth of United States Golf Apparel, Footwear, and Accessories Market. Counterfeit golf bags are made using inexpensive, non-standard materials. Both consumers and legitimate golf accessories, apparel, and footwear businesses are impacted by counterfeit golf products. Customers that purchase counterfeit items, whether intentionally or unintentionally, frequently receive inferior goods. Because they are so inexpensive and indistinguishable, most people cannot tell the difference between authentic and counterfeit goods and purchase the latter, which hurts the reputation and profits of legitimate businesses. Therefore, retailers are taking proactive steps to stop counterfeiting.

Furthermore, many of these counterfeit golf products are sold on online retail platforms and auction websites. With increasing digitization and the growth in e-commerce platforms, the penetration of counterfeit products is likely to increase, which will hamper the growth of the golf apparel, footwear, and accessories market in US during the forecast period.

US Golf Apparel, Footwear, and Accessories Market Customer Landscape

Who are the Major US Golf Apparel, Footwear, and Accessories Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

adidas AG -The company offers golf apparel, footwear, and accessories, such as abstract print shorts, which are designed for men to wear for various sport activities.

The market report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the US Golf Apparel, Footwear, and Accessories Market?

The market share growth of the offline segment will be significant during the forecast period. The offline distribution channel includes different retail formats such as specialty and sports stores, hypermarkets, supermarkets, departmental stores, outlets, and warehouse clubs. Large specialty and sports shops offer golf apparel, footwear, and accessories of popular brands. The offline distribution channel is expected to grow during the forecast period, owing to the expansion of their sports stores by key vendors.

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The offline segment was valued at USD 3,378.70 million in 2017 and continued to grow until 2021. Vendors in the market are focusing on increasing their geographic presence. They are collaborating with large retail outlets such as Walmart Inc. (Walmart) and Target Corp. The wide presence and popularity of these stores are expected to aid in driving the sales of golf apparel, footwear, and accessories in the US during the forecast period. Moreover, offline retailers are focusing on expanding the number of stores. For instance, in July 2020, Target Corp. signed a lease agreement to open a new store at the Gateway Port Chester outdoor shopping complex in the US. Such expansions of offline retail stores will enhance the accessibility of customers and increase the sales of golf products, including golf apparel, footwear, and accessories, which will drive the growth of the market during the forecast period.

Segment Overview

The US golf apparel, footwear, and accessories market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Distribution Channel Outlook (USD Million, 2017 - 2027)
- Offline
- Online
End-user Outlook (USD Million, 2017 - 2027)
- Men
- Women
- Children
Product Outlook (USD Million, 2017 - 2027)
- Apparel
- Footwear
- Accessories

Parent Market Analysis

The report categorizes the US Golf Apparel, Footwear, and Accessories Market as a part of the global apparel, accessories, and luxury goods market within the textiles, apparel, and luxury goods market. The parent market, the global apparel, accessories, and luxury goods market, covers products and companies engaged in the manufacturing/marketing of apparel, accessories, and luxury goods. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

US Golf Apparel, Footwear, and Accessories Market Scope
Report Coverage	Details
Page number	152
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.18%
Market growth 2023-2027	USD 1,265.96 million
Market structure	Fragmented
YoY growth 2022-2023(%)	4.62
Competitive landscape	Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled	adidas AG, Asher Golf, ASICS Corp., Bridgestone Corp., Callaway Golf Co., Dixon Golf, Duca Del Cosma B.V, FILA Holdings Corp., FORAY GOLF LLC, Jones Sports Co., Mizuno Corp, Nike Inc., Perry Ellis International Inc., PING Inc., PUMA SE, Ralph Lauren Corp., Sumitomo Rubber Industries Ltd., Taylor Made Golf Co. Inc., Tour Edge Golf Manufacturing Inc., and Under Armour Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this US Golf Apparel, Footwear, and Accessories Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the golf apparel, footwear, and accessories market in US between 2023 and 2027
Precise estimation of the golf apparel, footwear, and accessories market size in US and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across US
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of golf apparel, footwear, and accessories market vendors in US

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 11: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 12: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 13: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 14: Chart on US: Year-over-year growth 2022-2027 (%)
- Exhibit 15: Data Table on US: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Golf apparel, footwear, and accessories market in US 2017 - 2021
- Exhibit 16: Historic Market Size – Data Table on Golf apparel, footwear, and accessories market in US 2017 - 2021 ($ million)

4.2 Distribution channel Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 18: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.4 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

6.1 Market segments
- Exhibit 27: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 28: Data Table on Distribution Channel - Market share 2022-2027 (%)

6.2 Comparison by Distribution Channel
- Exhibit 29: Chart on Comparison by Distribution Channel
- Exhibit 30: Data Table on Comparison by Distribution Channel

6.3 Offline - Market size and forecast 2022-2027
- Exhibit 31: Chart on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 32: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 33: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 34: Data Table on Offline - Year-over-year growth 2022-2027 (%)

6.4 Online - Market size and forecast 2022-2027
- Exhibit 35: Chart on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Data Table on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 37: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 38: Data Table on Online - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Distribution Channel
- Exhibit 39: Market opportunity by Distribution Channel ($ million)
- Exhibit 40: Data Table on Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 41: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 42: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 43: Chart on Comparison by End-user
- Exhibit 44: Data Table on Comparison by End-user

7.3 Men - Market size and forecast 2022-2027
- Exhibit 45: Chart on Men - Market size and forecast 2022-2027 ($ million)
- Exhibit 46: Data Table on Men - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Chart on Men - Year-over-year growth 2022-2027 (%)
- Exhibit 48: Data Table on Men - Year-over-year growth 2022-2027 (%)

7.4 Women - Market size and forecast 2022-2027
- Exhibit 49: Chart on Women - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Data Table on Women - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Chart on Women - Year-over-year growth 2022-2027 (%)
- Exhibit 52: Data Table on Women - Year-over-year growth 2022-2027 (%)

7.5 Children - Market size and forecast 2022-2027
- Exhibit 53: Chart on Children - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Data Table on Children - Market size and forecast 2022-2027 ($ million)
- Exhibit 55: Chart on Children - Year-over-year growth 2022-2027 (%)
- Exhibit 56: Data Table on Children - Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by End-user
- Exhibit 57: Market opportunity by End-user ($ million)
- Exhibit 58: Data Table on Market opportunity by End-user ($ million)

8 Market Segmentation by Product

8.1 Market segments
- Exhibit 59: Chart on Product - Market share 2022-2027 (%)
- Exhibit 60: Data Table on Product - Market share 2022-2027 (%)

8.2 Comparison by Product
- Exhibit 61: Chart on Comparison by Product
- Exhibit 62: Data Table on Comparison by Product

8.3 Apparel - Market size and forecast 2022-2027
- Exhibit 63: Chart on Apparel - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Apparel - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Apparel - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Apparel - Year-over-year growth 2022-2027 (%)

8.4 Footwear - Market size and forecast 2022-2027
- Exhibit 67: Chart on Footwear - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Footwear - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Footwear - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Footwear - Year-over-year growth 2022-2027 (%)

8.5 Accessories - Market size and forecast 2022-2027
- Exhibit 71: Chart on Accessories - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Accessories - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Accessories - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Accessories - Year-over-year growth 2022-2027 (%)

8.6 Market opportunity by Product
- Exhibit 75: Market opportunity by Product ($ million)
- Exhibit 76: Data Table on Market opportunity by Product ($ million)

9 Customer Landscape

9.1 Customer landscape overview
- Exhibit 77: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 78: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 79: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 80: Overview on factors of disruption

11.4 Industry risks
- Exhibit 81: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 82: Vendors covered

12.2 Market positioning of vendors
- Exhibit 83: Matrix on vendor position and classification

12.3 adidas AG
- Exhibit 84: adidas AG - Overview
- Exhibit 85: adidas AG - Business segments
- Exhibit 86: adidas AG - Key news
- Exhibit 87: adidas AG - Key offerings
- Exhibit 88: adidas AG - Segment focus

12.4 ASICS Corp.
- Exhibit 89: ASICS Corp. - Overview
- Exhibit 90: ASICS Corp. - Business segments
- Exhibit 91: ASICS Corp. - Key news
- Exhibit 92: ASICS Corp. - Key offerings
- Exhibit 93: ASICS Corp. - Segment focus

12.5 Bridgestone Corp.
- Exhibit 94: Bridgestone Corp. - Overview
- Exhibit 95: Bridgestone Corp. - Business segments
- Exhibit 96: Bridgestone Corp. - Key news
- Exhibit 97: Bridgestone Corp. - Key offerings
- Exhibit 98: Bridgestone Corp. - Segment focus

12.6 Callaway Golf Co.
- Exhibit 99: Callaway Golf Co. - Overview
- Exhibit 100: Callaway Golf Co. - Business segments
- Exhibit 101: Callaway Golf Co. - Key offerings
- Exhibit 102: Callaway Golf Co. - Segment focus

12.7 FILA Holdings Corp.
- Exhibit 103: FILA Holdings Corp. - Overview
- Exhibit 104: FILA Holdings Corp. - Product / Service
- Exhibit 105: FILA Holdings Corp. - Key offerings

12.8 Jones Sports Co.
- Exhibit 106: Jones Sports Co. - Overview
- Exhibit 107: Jones Sports Co. - Product / Service
- Exhibit 108: Jones Sports Co. - Key offerings

12.9 Mizuno Corp
- Exhibit 109: Mizuno Corp - Overview
- Exhibit 110: Mizuno Corp - Business segments
- Exhibit 111: Mizuno Corp - Key offerings
- Exhibit 112: Mizuno Corp - Segment focus

12.10 Nike Inc.
- Exhibit 113: Nike Inc. - Overview
- Exhibit 114: Nike Inc. - Business segments
- Exhibit 115: Nike Inc. - Key news
- Exhibit 116: Nike Inc. - Key offerings
- Exhibit 117: Nike Inc. - Segment focus

12.11 Perry Ellis International Inc.
- Exhibit 118: Perry Ellis International Inc. - Overview
- Exhibit 119: Perry Ellis International Inc. - Product / Service
- Exhibit 120: Perry Ellis International Inc. - Key offerings

12.12 PUMA SE
- Exhibit 121: PUMA SE - Overview
- Exhibit 122: PUMA SE - Business segments
- Exhibit 123: PUMA SE - Key news
- Exhibit 124: PUMA SE - Key offerings
- Exhibit 125: PUMA SE - Segment focus

12.13 Ralph Lauren Corp.
- Exhibit 126: Ralph Lauren Corp. - Overview
- Exhibit 127: Ralph Lauren Corp. - Business segments
- Exhibit 128: Ralph Lauren Corp. - Key offerings
- Exhibit 129: Ralph Lauren Corp. - Segment focus

12.14 Sumitomo Rubber Industries Ltd.
- Exhibit 130: Sumitomo Rubber Industries Ltd. - Overview
- Exhibit 131: Sumitomo Rubber Industries Ltd. - Business segments
- Exhibit 132: Sumitomo Rubber Industries Ltd. - Key offerings
- Exhibit 133: Sumitomo Rubber Industries Ltd. - Segment focus

12.15 Taylor Made Golf Co. Inc.
- Exhibit 134: Taylor Made Golf Co. Inc. - Overview
- Exhibit 135: Taylor Made Golf Co. Inc. - Product / Service
- Exhibit 136: Taylor Made Golf Co. Inc. - Key offerings

12.16 Tour Edge Golf Manufacturing Inc.
- Exhibit 137: Tour Edge Golf Manufacturing Inc. - Overview
- Exhibit 138: Tour Edge Golf Manufacturing Inc. - Product / Service
- Exhibit 139: Tour Edge Golf Manufacturing Inc. - Key offerings

12.17 Under Armour Inc.
- Exhibit 140: Under Armour Inc. - Overview
- Exhibit 141: Under Armour Inc. - Business segments
- Exhibit 142: Under Armour Inc. - Key offerings
- Exhibit 143: Under Armour Inc. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 144: Inclusions checklist
- Exhibit 145: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 146: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 147: Research methodology
- Exhibit 148: Validation techniques employed for market sizing
- Exhibit 149: Information sources

13.5 List of abbreviations
- Exhibit 150: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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