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Golf Clothing Market is Expected to Reach $1,554.3 Mn by 2030 | Top Wear Segment Growing At CAGR of 5.8% From 2021-2030

Golf clothing Market Infographic Image

Golf clothing Market

According to the golf clothing Industry analysis, golf clothing market segments are categorized into product type, end user, distribution channel and region.

This has increased their interest toward participation in golf ultimately driving the golf clothing market growth in terms of value sales.”
— Shankar Bhandalkar

5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, November 7, 2022 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Golf Clothing Market by Product Type, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030”. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The global golf clothing market size was valued at $834.1 million in 2020, and is projected to reach $1,554.3 million by 2030, registering a CAGR of 6.0% from 2021 to 2030.

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The expansion of distribution channels such as online stores, specialty stores, supermarkets, and hypermarkets globally, has made these golf clothing easily accessible to users, which, in turn, contributes toward the market growth. Moreover, print on golf shirts & shorts, short sleeves golf dress are some of the latest golf clothing market trends which is contributing towards the growth of the market.

Emergence of trend of golf tourism, surge in fitness consciousness among consumers, and trend for fashionable sports apparel drive 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 lead position by 2030. Manufacturing activities of golf clothing halted due to lockdown implementations across various countries during the Covid-19 pandemic. Increasing disposable incomes and growing health awareness among individuals have fostered the growth of the market in the region. International brands are actively expanding in the region to tap the latent opportunities in the region.

By product type, the bottom wear segment is expected to be the fastest growing segment during the forecast period. This is attributable to the increase in number of participations in sports tournaments and physical activities, especially golf. Thus, consumers in the countries such as the U.S., Canada, Australia, and others, are increasingly spending on sport apparels, including bottom wear, which aid them to perform well in the sports, as they improve mobility.

On the basis of distribution channel, the online store segment is anticipated to register the fastest growth, as users are more inclining toward online shopping due to easy accessibility of different sports apparel. Heavy discounts and offers on sporting goods, apparels, including golf clothing provided by these online platforms boosts the sales of golf clothing in the market.

Depending on 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 including golf, which in turn is expected to offer immense opportunities for the growth of the golf clothing market during the forecast period.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest golf clothing market share in 2020. Consumers in the region are increasingly participating in golf, especially in the U.S., which in turn has driven the demand for golf clothing in this region. This in turn has propelled the growth of golf clothing market in North America. However, Asia-Pacific is expected to be the fastest growing market during the forecast period.

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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.

Key findings of the study

○ By product type, the top wear segment accounted for the highest market share in 2020, growing at a CAGR of 5.8% from 2021 to 2030.
○ By end user, the men segment accounted for the highest market share in 2019, growing at a CAGR of 5.5% from 2021 to 2030.
○ By distribution channel, the specialty store segment accounted for the highest market share in 2020, growing at a CAGR of 4.4% from 2021 to 2030.
○ Region wise, North America occupied maximum share in the golf clothing market in 2020 and is expected to dominate the market during the forecast period.

Reason to Buy:

○ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Golf Clothing market.
○ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
○ The key findings and recommendations highlight crucial progressive industry trends in the Golf Clothing Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
○ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
○ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
○ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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Source: https://www.globenewswire.com/news-release/2021/08/04/2274688/0/en/Global-Golf-clothing-market-to-reach-1-55-billion-by-2030-Allied-Market-Research.html

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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