- Press Release -

Rockville, Md. The global golf shoes market is set to reach nearly US$ 8.504 Bn by 2022 on sluggish growth, according to Fact.MR. Rising incomes and the spread of golf are lifting demand, and advances in lightweight construction are making shoes more comfortable and performance-friendly, helping manufacturers broaden their ranges.

Spikeless shoes lead the product mix, men's demand carries the largest share, and economy pricing dominates, with Europe the biggest region for economy footwear.

Products, Demographics and Channels

Spikeless golf shoes reach nearly US$ 2.29 Bn by 2022 at over a fourth of product revenue, though they cede some share over the period. Men's golf shoes grow from US$ 3.325 Bn in 2017 to US$ 3.93 Bn by 2022 at a 3.4% CAGR. By price, economy footwear reaches nearly US$ 2.69 Bn by 2022, led by Europe and gaining share, while departmental stores hold over a fifth of channel revenue but lose ground.

Golf's Spread Drives Demand

The market runs on the game's reach. As golf spreads and incomes rise, demand for shoes follows, and lightweight technology adds appeal. The main brake is shrinking interest in golf in the United States, one of the sport's key markets.

Suppliers and Their Playbook

The field brings together sports and golf footwear brands.

• 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 are among the key players in the report.

Reading the Market for Decisions

For makers, growth favours spikeless designs, economy pricing and lightweight technology. Investors get a mature market with steady, income-led demand. Procurement and retail teams can plan around men's shoes carrying volume and Europe offering the largest economy-segment opportunity through 2022.

About the Report

Fact.MR's study covers the global golf shoes market for the 2017 to 2022 forecast period, with segmentation by product type, demographics, price range, distribution channel and region. It sizes each segment, maps the competitive field, and weighs the demand forces shaping the market. Further detail is available in the golf shoes market report.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.