COVID-19 Impacts: Golf Apparel, Footwear, and Accessories Market will Accelerate at a CAGR of over 4% through 2020-2024 | Growth of the Golf Tourism Industry to Boost Growth | Technavio
Technavio has been monitoring the golf apparel, footwear, and accessories market and it is poised to grow by USD 2.82 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
What was the value of the golf apparel, footwear, and accessories market in 2019?
Technavio says that the value of the market was USD 11.52 billion in 2019 and it is projected to reach USD 14.34 billion by 2024.
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of over 4%, the market growth will accelerate in the forecast period.
What is the key factor driving the market?
Growth of the golf tourism industry and the rise in popularity of pro-golf tournaments are the key factors driving the market growth.
Who are the top players in the market?
adidas AG, Amer Sports Corp., ASICS Corp., Callaway Golf Co., MIZUNO Corp., Nike Inc., PUMA SE, Ralph Lauren Corp., Sumitomo Rubber Industries Ltd., and Under Armour Inc. are some of the major market participants.
Which region is expected to hold the highest market share?
North America
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 3.50%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. adidas AG, Amer Sports Corp., ASICS Corp., Callaway Golf Co., MIZUNO Corp., Nike Inc., PUMA SE, Ralph Lauren Corp., Sumitomo Rubber Industries Ltd., and Under Armour Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growth of the golf tourism industry has been instrumental in driving the growth of the market.
Golf Apparel, Footwear, and Accessories Market 2020-2024: Segmentation
Golf Apparel, Footwear, and Accessories Market is segmented as below:
Golf Apparel, Footwear, and Accessories Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our golf apparel, footwear, and accessories market report covers the following areas:
Golf Apparel, Footwear, and Accessories Market size
Golf Apparel, Footwear, and Accessories Market trends
Golf Apparel, Footwear, and Accessories Market analysis
This study identifies the rise in popularity of pro-golf tournaments as one of the prime reasons driving the golf apparel, footwear, and accessories market growth during the next few years.
Golf Apparel, Footwear, and Accessories Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the golf apparel, footwear, and accessories market, including some of the vendors such as adidas AG, Amer Sports Corp., ASICS Corp., Callaway Golf Co., MIZUNO Corp., Nike Inc., PUMA SE, Ralph Lauren Corp., Sumitomo Rubber Industries Ltd., and Under Armour Inc. Backed with competitive intelligence and benchmarking, our research reports on the golf apparel, footwear, and accessories market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Golf Apparel, Footwear, and Accessories Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist golf apparel, footwear, and accessories market growth during the next five years
Estimation of the golf apparel, footwear, and accessories market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the golf apparel, footwear, and accessories market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of golf apparel, footwear, and accessories market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product
Clothing - Market size and forecast 2019-2024
Shoes - Market size and forecast 2019-2024
Accessories - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by End-user
Market segments
Comparison by End-user
Men - Market size and forecast 2019-2024
Women - Market size and forecast 2019-2024
Children - Market size and forecast 2019-2024
Market opportunity by End-user
Market Segmentation by Distribution Channel
Market segments
Comparison by Distribution channel
Offline - Market size and forecast 2019-2024
Online - Market size and forecast 2019-2024
Market opportunity by Distribution channel
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume Drivers ? Demand led growth
Market Challenges
Market Trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
adidas AG
Amer Sports Corp.
ASICS Corp.
Callaway Golf Co.
MIZUNO Corp.
Nike Inc.
PUMA SE
Ralph Lauren Corp.
Sumitomo Rubber Industries Ltd.
Under Armour Inc.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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