The golf shoes market is hovered for considerable growth over the forecast period, with an expected increase from USD 8,815.9 million in 2024 to USD 14,303.4 million by 2034, driven by the rising number of golfers worldwide. The industry is forecasted to exhibit a compound annual growth rate (CAGR) of 5% from 2024 to 2034, fueled by increasing golf participation rates among young demographics and women.
Integration of smart technology like sensors is an emerging trend to appeal to tech-savvy consumers, thereby improving the overall golfing experience and differentiating products in the competitive landscape. Furthermore, the golf footwear industry is witnessing the adoption of sustainable practices to meet the rising demand for eco-friendly products. Brands are increasingly focusing on the use of recycled and biodegradable materials, in addition to ethical sourcing, as key components of new golf shoe designs. This focus aligns with the industry’s drive toward sustainability and is expected to surge innovation and growth globally.
Active promotion of youth programs and women’s golf events by golf clubs and associations is contributing to a diversified and expanding customer base, while the surge in golf tourism and the popularity of high-profile tournaments continue to heighten interest in the sport. These demographic shifts are crucial for expanding the sector’s presence beyond its traditional customer base, creating significant opportunities for development.
Key Takeaways from the Golf Shoes Market Study:
- Spiked or cleated product types in the golf shoes market cover about 42.5% of the total value share for 2024.
- Synthetic materials hold the top position in the golf shoes market, with a share value of 18.7% for 2024.
- The golf shoes market in Italy is set to experience an exponential increase, with a 6.8% CAGR through 2034.
- The golf shoes market in Japan is projected to grow at a CAGR of 6.5% through 2034.
- The golf shoes market in Australia is predicted to rise at a 5.5% CAGR through 2034.
- The golf shoes market in Germany is anticipated to develop at a CAGR of 5.3% through 2034.
- The golf shoes market in the United States is estimated to rise at a 2.9% CAGR through 2034.
Competitive Landscape:
Manufacturers are focused on integrating advanced technologies and using sustainable materials to increase sales in this sector. They are integrating high-tech technologies for the betterment of performance and catering to customers’ growing needs. Major companies are collaborating and making new marketing strategies to acquire a wide customer base.
Key Company of the Golf Shoes Market:
- 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
Recent Developments:
- Jordan Brand debuted the Air Jordan 9 Golf “US Open” in a special colorway on June 3, 2024, featuring OG color schemes and golf-specific designs for its June 2024 release.
- Nike unveiled the Air Pegasus 89 G “Accept and Embrace” on June 2, 2024, inspired by North Carolina’s colors for the U.S. Open at Pinehurst, catering to casual fans and sneaker enthusiasts.
- Under Armour launched the UA SlipSpeed golf shoes, targeted at dads, and offered discounts on featured sportswear, including men’s golf gifts, women’s shorts, kids’ shoes, and new running shoes, on May 31, 2024.
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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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