U.S. Golf Apparel, Footwear and Accessories Market: 3.95% Annual Growth Rate in 2021 | By end user (men, women and children) and distribution channel (offline and online)

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Some of the key topics covered in the report include:

market engine

Suppliers focus on developing new golf apparel, shoes and accessories that not only have unique designs but can also provide more comfort to wearers. Marketplace sellers are expanding their product portfolios in an effort to increase sales. They launch new products with innovative styles to improve user comfort. New product launches and expansion of current product lines are some of the preferred marketing strategies adopted by vendors in the market to gain more market share and retain their existing market share. With the growing number of product launches and increasing customer adoption of these products, the market is expected to grow significantly over the forecast period.

Market challenge

The growing demand for golf products has simultaneously led to an increase in the influx of counterfeit products into the market. Counterfeiting refers to branding and selling unauthorized products, which is a major challenge for genuine vendors. Counterfeit golf bags are made from inexpensive, non-standard materials. Counterfeit golf products affect consumers as well as genuine manufacturers of golf apparel, footwear and accessories. Consumers who buy counterfeit products, knowingly or unknowingly, often get poor quality products. Most consumers cannot distinguish between original and counterfeit products and buy the latter due to their low cost, which affects the brand and sales of genuine companies. Therefore, sellers take active measures to stop counterfeiting. Many of these counterfeit golf products are sold on online retail platforms and auction sites. With increasing digitalization and growth of e-commerce platforms, the penetration of counterfeit products is expected to increase which will hamper the growth of the US golf apparel, footwear and accessories market over the forecast period.

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United States Golf Apparel, Footwear and Accessories Market: Segmentation Analysis

The growth in the United States golf apparel, footwear and accessories market share by the male 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 population of baby boomers and high consumer spending in the United States will drive demand for golf apparel, footwear and accessories in the men’s segment. The availability of distinctive and design-advanced product offerings from key vendors is propelling the demand from men who play golf.

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Golf Apparel, Footwear and Accessories Market in the United States: Vendor Analysis

The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

  • Acushnet Holdings Corp.- The company offers a wide range of golf apparel, footwear and accessories through its FootJoy brand.
  • 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 Armor Inc.
  • VF Corp.

In addition, the market for golf apparel, footwear and accessories in the United States is fragmented and the suppliers focus on launching new products with innovative designs and technology to compete in the market.

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United States golf apparel, footwear and accessories market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 5.03%

Market Growth 2021-2025

$1.12 billion

Market structure

Fragmented

Annual growth (%)

3.95

Regional analysis

United States and Rest of North America

Successful market contribution

100% United States

Main consumer countries

United States and Rest of North America

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Acushnet Holdings Corp., adidas AG, Bridgestone Corp., Callaway Golf Co., Mizuno Corp., Nike Inc., PUMA SE, Ralph Lauren Corp., Under Armor Inc. and VF Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Customization overview

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Summary

Market landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by end user

  • Market segments
  • Comparison by end user
  • Men – Market size and forecast 2020-2025
  • Women – Market size and forecast 2020-2025
  • Children – Market size and forecast 2020-2025
  • Market opportunity by end user

Market segmentation by distribution channel

  • Market segments
  • Comparison by distribution channel
  • Offline – Market size and forecast 2020-2025
  • Online – Market size and forecast 2020-2025
  • Market opportunity by distribution channel

Customer landscape

Supplier Landscape

  • Competitive scenario
  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Acushnet Holdings Corp.
  • adidas S.A.
  • Bridgestone Corp.
  • Callaway Golf Co.
  • Mizuno Corp.
  • Nike Inc.
  • PUMA SE
  • Ralph Lauren Corp.
  • Under Armor Inc.
  • VF Corp.

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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