Press release
Golf Shoes Market to Approach US$ 8,504 Mn By 2022
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The global golf shoes market is slated to touch a value of nearly US$ 8,504 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.
4 Forecast Highlights on Global Golf Shoes Market
As per the forecast of Fact.MR, the spikeless golf shoes segment is slated to touch a value of nearly US$ 2,290 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The spikeless golf shoes segment is estimated to account for more than one-fourth of the revenue share of the product type segment by the year 2017 end and is expected to lose in market share by the year 2022 end.
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As per the forecast of Fact.MR, the departmental stores segment will reach a value of nearly US$ 1,530 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The departmental stores segment is estimated to account for more than one-fifth of the revenue share of the distribution channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.
As per the forecast of Fact.MR, the economy segment is slated to reach a value of nearly US$ 2,690 Mn in 2022. The economy segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the Europe region in the economy segment.
Fact.MR forecasts the men golf shoes segment to grow from nearly US$ 3,325 Mn in 2017 to nearly US$ 3,930 Mn in 2022. This represents a compound annual growth rate (CAGR) of 3.4% from 2017 to 2022.
The report has also profiled leading players in the global market for golf shoes, which will remain active through 2022. These include companies such as Under Armour, Inc., Callaway, ASICS Corporation, NIKE, Inc., Acushnet Company, Inc., Adidas AG,New Balance INC, PUMA SE, Skechers INC, Peter Millar and Amer Sports Corporation.
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