The global golf clothing market size, which was valued at US $ 834.1 million in 2020, is projected to reach US $ 1,554.3 million by 2030, registering a CAGR of 6.0 per cent from 2021 to 2030.
The emerging countries of the Asia-Pacific region, such as India and China, offer lucrative opportunities to the players in the market.
It’s worth stating here that the emergence of the trend of golf tourism, the surge in fitness consciousness among consumers and the trend for fashionable sports apparel have driven the growth of the global golf clothing market.
North America contributed to the highest share in terms of revenue in 2020, and is estimated to maintain its leading position by 2030.
Product-wise, the bottomwear segment is expected to be the fastest growing segment during the forecast period. This is attributable to the increase in the number of participations in sports tournaments and physical activities, especially golf.
On the basis of distribution channels, the online store segment is anticipated to register the fastest growth, as users are inclining more towards online shopping due to easy accessibility of different sports apparel.
Heavy discounts and offers on sporting goods, apparel, including golf clothing provided by these online platforms, boost the sales of golf clothing in the market.
Depending on the user, the women segment is anticipated to grow at a higher CAGR during the golf clothing market forecast period, due to the fact that nowadays women all around the globe are increasingly participating in various sports activities.
Some of the major players in the industry, analyzed in this report, include adidas AG, Antigua Group, Inc., Callaway Apparel, Linksoul, Nike, Inc., Puma Inc., Ping TaylorMade Golf Company, Inc., William Murray Golf and Under Armour, Inc.
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