The golf shoe is a sort of oxford shoe composed of waterproof leather and contains hobnails or sole spikes. These spikes or hobnails help to maintain the balance and better grip for the golfer and helps in the execution of the stroke. As more individuals choose to play golf worldwide, the enthusiasm for golf gear, which includes golf shoes, is comparatively higher. The golf shoe industry is more demanding with rising wage levels and knowledge of the golf course in the world. Makers aim for an improvement in their product portfolios in line with the ultimate goal of taking a lead in this profitable market. With the advent of the COVID-19 pandemic, the government had enforced lockdown resulting in the restriction of outdoor movement, and all operations in the golf footwear and course had to put on a halt. Due to lockdown, the demand for golf footwear had decreased as there was no requirement by the golfers.
COVID-19 Impact Analysis
- Due to the outbreak of the COVID-19 pandemic, countries had to enforce lockdown that restricted the consumers to move outdoors. Due to that, the demand for golf footwear decreased. The golf footwear market saw a dip in production as sufficient labours were not available to continue the production process. The sales procedure couldn't complete as there was the unavailability of stocks in stores and online retails.
- Disruption in the distribution channel was a significant reason because the manufacturing sectors were unable to obtain the appropriate raw material. It was not feasible to transport final items to specific retailers. Consumers could not visit the specialist shops, whilst websites were not available online.
Top Impacting Factors
- The market is anticipated to be affected by the increasing popularity of golf as a sport in various countries. The expanding wealth of the middle-class public and the increasing number of women golfer in the past few years may be linked to an important increase in demand for golf footwear.
- The increasing popularity and acceptance of golf as active activity drives the industry in large measure. In addition, luxury resorts and hotels provide sports activities in their facilities, one of which is golf. The construction of a mini-golf course to attract and support employers as a healthy leisure activity drives increasing golf footwear revenues.
- Specialty shops in the world market of golf equipment offer a range of different brands of golf items to select from; consumers are thus favored to buy golf equipment. However, with attractive discount policies given by the vendors, department & discount stores are projected to develop at a substantial rate. In addition, internet shops became the main distributor of golf equipment.
Market Trends
The construction of new golf courses is expected to fuel the growth of the golf footwear market.
Over the past several years, the number of golf courses worldwide has increased, particularly in the top golfing countries. In addition to being one of the major nations in the golf business, more than 50 per cent of golf courses are in the United States, Japan, Germany, Canada, South Korea, Sweden, France, and Italy. Mainly private clubs, golf-centric properties and golf resorts belong to these courses. More than 30 000 golf courses are available to the public globally, and over 70% are therefore widely accessible. There are now about 200 golf courses under construction and more than 350 golf courses worldwide. The construction of a new golf course shows that the demand for golf equipment throughout the predicted period has significantly increased.
New product launches to flourish the market.
The manufacturing companies have to invest in R&D to develop golf footwear with new material that makes the footwear more sturdy and lightweight. The golf footwear should be well-suited to enable the golfer to perform excellent strokes and decrease the risk of injury. A new style of the golf footwear will attract consumers with increasing popularity, may increase sales. The advanced adjustable sole can replace conventional sole as consumers are likely to opt for new technology with added benefits. Progress in technology in golf footwear should offer a new chance for the golf apparel and footwear business. Technologically improved golf footwear enables golfers to control their foot movement and concentrate while taking the shot.
Key Benefits of the Report
- This study presents the analytical depiction of the golf footwear industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the golf footwear market share.
- The current market is quantitatively analyzed to highlight the golf footwear market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed golf footwear market analysis on the basis of competitive intensity and how the competition will take shape in coming years
Questions Answered in the Report
- Who are the leading market players active in the golf footwear market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Golf Footwear Market Report Highlights
| Aspects | Details |
 By Type |
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 By Material |
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 By Price Point |
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 By Application |
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 By End User |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | TaylorMade Golf Company, Adidas AG, Amer Sports Corporation, Nike, Inc, Callaway Golf Company, Golfsmith International Holdings, Inc., Roger Cleveland Golf Company, Inc, Mizuno Corporation., Oakley, Inc, Puma SE |
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