Golf Shoes Market to Grow Strongly Through 2034 on Rising Participation and Tech Advancements

The global golf shoes market is set to experience significant growth over the forecast period, expanding from USD 8,815.9 million in 2024 to an estimated USD 14,303.4 million by 2034. This growth is primarily driven by the increasing number of golfers worldwide, along with an upsurge in golf tourism, the popularity of high-profile golf tournaments, and technological innovations in golf footwear. The industry is expected to exhibit a compound annual growth rate (CAGR) of 5% from 2024 to 2034.

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Key Growth Drivers

• Surge in Golf Participation: One of the most significant factors contributing to the growth of the golf shoes market is the rising participation rates in golf, especially among younger demographics and women. As golf continues to attract a more diverse player base, there is a noticeable shift in demand for specialized footwear to enhance performance and comfort on the course.

• Technological Advancements: The adoption of lightweight, comfortable golf shoes with advanced features such as waterproofing, advanced grip technology, and smart sensors is driving demand. These innovations, which aim to improve both performance and style, are appealing to a broader range of golfers.

• Sustainability Trends: With growing environmental awareness, there is a shift towards eco-friendly and sustainable golf shoes. Brands are increasingly incorporating recycled and biodegradable materials into their designs, aligning with global sustainability goals and offering a competitive advantage in the market. This trend is expected to fuel further growth, as consumers increasingly seek eco-conscious products.

• Regional Demand and Market Variations: North America continues to dominate the global golf shoes market, owing to the strong golf culture and infrastructure. Europe follows closely behind, with the United Kingdom, Germany, and Sweden leading demand. Meanwhile, the Asia-Pacific region is also seeing steady growth, driven by the affluent middle class and growing interest in golf.

Segment-Specific Insights

• Spiked or Cleated Golf Shoes: Spiked golf shoes are forecast to hold a 42.5% share of the market in 2024. Their superior traction, which provides stability and balance during the golf swing, makes them the preferred choice for golfers seeking optimal performance.

• Synthetic Materials: Golf shoes made from synthetic materials are expected to dominate, with a market share of 18.7% in 2024. These shoes offer lightweight, breathable, and water-resistant properties, catering to golfers who play in varying weather conditions.

Emerging Trends and Innovations

• Smart Technology Integration: The introduction of smart golf shoes equipped with sensors that monitor performance and provide real-time feedback is one of the most exciting developments in the sector. These innovations cater to tech-savvy golfers who seek personalized insights into their game.

• Sustainability: Eco-friendly practices are becoming a key focus for many brands in the golf shoe industry. With the rise in consumer demand for sustainable products, manufacturers are increasingly using recycled materials and reducing carbon footprints in their production processes. This shift is helping brands align with consumer values and global environmental initiatives.

• Demographic Shifts: Growing participation from women and junior golfers, as well as increasing golf tourism, are contributing to the market's expansion. The trend toward promoting youth participation and offering golf shoes for junior players is also gaining momentum.

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Regional Insights

• United States: Golf footwear demand is bolstered by luxury resorts and a strong golf infrastructure, with steady growth expected.

• Italy: Renowned for its high-quality craftsmanship and luxury fashion, Italy is projected to lead Europe with a 6.8% CAGR.

• Japan: A significant player in the Asia-Pacific region, Japan's extensive golf course network drives steady growth at a 6.5% CAGR.

• Germany: Continues to show strong demand, supported by growing golf tourism and participation.

• Australia: Golf footwear sales are increasing as the sport gains popularity, with a 5.5% CAGR forecast.

Competitive Landscape

Golf shoe manufacturers and suppliers are increasingly investing in the development of footwear made from sustainable materials, enhancing both durability and lightweight performance. In addition, leading companies are focusing on innovative designs, customizable features, and advanced adjustable soles that replace traditional models. As consumers seek cutting-edge technology and added benefits, retailers are responding by offering a diverse range of products in the golf apparel and footwear market.

Industry Update

• On June 3, 2024, Jordan Brand unveiled the Air Jordan 9 Golf 'US Open' in a special colorway. Official images were released, marking a significant year for the Air Jordan 9, which features OG colorways and golf-specific designs set for a June 2024 release.

• On June 2, 2024, Nike revealed the Air Pegasus 89 G 'Accept and Embrace' for the USA Open at Pinehurst. Inspired by North Carolina's colors, the sneaker features dark and light blue shades, echoing Michael Jordan's alma mater, aimed at casual fans and sneaker enthusiasts.

• On May 31, 2024, Under Armour introduced the new UA SlipSpeed golf shoes, designed for dads. Alongside, they offered markdowns on new and featured sportswear, including outlet savings. Shoppers could find deals on men's golf gifts, women's shorts, kids' shoes, new running shoes, and uncrushable hats.

Leading Golf Shoes Brands

• Nike, Inc.
• Adidas AG
• FootJoy
• Puma SE
• Skechers USA, Inc.
• Under Armour, Inc.
• ECCO Sko A/S
• Callaway Golf Company
• New Balance Athletics, Inc.
• ASICS Corporation
• Mizuno Corporation
• Acushnet Holdings Corp.
• True Linkswear
• Golfstream
• Kikkor Golf

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Key Segments of Golf Shoes Market Report

By Product Type:

Spiked or cleated, spikeless, golf boots, and other product types are categorized in the golf shoes market.

By Material Type:

The golf shoe industry uses canvas, cotton, mesh, fabric, synthetic, rubber, leather, and other materials for making.

By Sole Type:

The segment is distributed to EVA, PU, Rubber, PVC, and other sole types.

By Consumer Orientation:

The sector is subdivided into male, female, and unisex.

By Sales Channel:

Direct sales/ exclusive stores, specialty stores, sports merchandise, departmental stores, online retailers, third-party consumers, direct-to-consumers, and other sales channels are included in this sector.

By Region:

A regional analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.

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This release was published on openPR.