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Global Golf Apparel Market 2023 Innovative Strategies, Share Insights, Development Plans And Forecast To 2032 | Major Players Are Nike Inc., Adidas AG, Puma SE, Lululemon Athletica Inc., Ralph Lauren Corporation
Golf Apparel Market
The Business Research Company's Golf Apparel Global Market Report 2023 identifies increase in golf events as the major driver for the Golf Apparel Market's growth in the forecast period. A golf event refers to a men's or women's stroke play event in the games in which an athlete competes. Golf events include professional golf competitions, pro-am competitions, exhibitions, clinics, charity tournaments, media appearances, open practice sessions, and all other public golf-related activities. In golf, comfortable apparel enables athletes to maintain their focus on the game, give their best efforts, and enjoy the sport.
The global golf apparel market is expected to grow from $2.90 billion in 2022 to $3.11 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The golf apparel market is expected to reach $4.02 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the golf apparel market are Nike Inc., Adidas AG, Puma SE, Lululemon Athletica Inc., Ralph Lauren Corporation, Under Armour Inc., Uniqlo Co Ltd., Hugo Boss AG, Topgolf Callaway Brands Corp, Calvin Klein Inc., Fila Holdings Inc., Amer Sports Oy, Lacoste Alligator S.A., U.S. Polo Assn., Acushnet Holdings Corp, Mizuno Corporation, Oakley Inc., TaylorMade Golf Company Inc., FootJoy, Wilson Sporting Goods Co, HEAD Sport GmbH, TravisMathew LLC, Roger Cleveland Golf Company Inc., TRUE Sports Inc., Peter Millar, Dixon Golf Inc., Bonobos Inc., KJUS Inc., Greyson Clothiers, and Abacus Sportswear AB.
A key trend in the Golf Apparel Market includes Product innovation. Major companies operating in the golf apparel market are focused on innovating new products to sustain their position in the market. For instance, in April 2022, Crew Clothing, a UK-based clothing retailer, launched its first technical golf apparel collection. Crew's golf apparel features a variety of advancements to increase comfort and performance, including items with four-way stretch for simple swinging. Many things have COOLMAX moisture-wicking technology for added comfort, and the men's quilted gilet has DuPont Sorona, a plant-based wadding that blends built-in warmth with ultra-lightness.
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The Golf Apparel Market is segmented -
By Type: Clothes, hats, Shoes, Other Types
By Sales Channel: Retail, Specialty Stores, Sports Megastores, Online, On Course Stores, Other Sales Channels
By Application: Professional, Amateur
By End User: Men, Women, Kids
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Golf Apparel Market.
The Business Research Company's "Global Golf Apparel Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Golf Apparel Market Include:
1. Executive Summary
2. Golf Apparel Market Characteristics
3. Golf Apparel Market Trends And Strategies
4. Golf Apparel Market - Macro Economic Scenario
5. Global Golf Apparel Market Size and Growth
……
32. Global Golf Apparel Market Competitive Benchmarking
33. Global Golf Apparel Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Golf Apparel Market
35. Golf Apparel Market Future Outlook and Potential Analysis
36. Appendix
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