NEW YORK, April 22, 2022 /PRNewswire/ — The Golf Apparel, Footwear, and Accessories Market Value in US is set to grow by USD 1.12 billion, progressing at a CAGR of 5.03% from 2020 to 2025, as per the latest report by Technavio.
The rising number of new product launches is notably driving the market growth in US, although factors such as threat of counterfeit golf products may impede market growth. Moreover, the golf apparel, footwear, and accessories market is segmented by end-user (men, women, and children) and distribution channel (offline and online).
Golf Apparel, Footwear, and Accessories Market in US: Segmentation Analysis
The golf apparel, footwear, and accessories market share growth in US by the men segment will be significant during the forecast period. The majority of participants in golf as a regular sport and in tournaments are men. The growing baby boomer population and high consumer spending in the US will drive the demand for golf apparel, footwear, and accessories in the men segment. The availability of distinct and advanced product offerings, in terms of the design, from key vendors is propelling demand from men who play golf.
Golf Apparel, Footwear, and Accessories Market in US: Vendor Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Acushnet Holdings Corp.- The company offers a wide range of golf apparel, footwear, and accessories through its brand FootJoy.
- adidas AG- The company offers a wide range of golf apparel, footwear, and accessories such as shoes, t-shirts, and shorts.
- Bridgestone Corp.- The company offers a wide range of golf apparel, footwear, and accessories such as caps, t-shirts, hats, and shoes.
- Callaway Golf Co.
- Mizuno Corp.
- Nike Inc.
- PUMA SE
- Ralph Lauren Corp.
- Under Armour Inc.
- VF Corp.
Moreover, the golf apparel, footwear, and accessories market in US is fragmented and the vendors are focusing on the launch of new products with innovative designs and technology to compete in the market.
