Golf Shoes Market to Tee Off Steady Growth: $8.58 Billion in 2022 to $13.33 Billion by 2032

Mounting Youth Participation in Golf Will Accelerate the Demand for Golf Shoes During the Assessment Period, States Fact.MR

According to Fact.MR, market research and competitive intelligence provider, the global golf shoes market is estimated at US$ 8,584.1 Mn in 2022 and is expected to expand at an impressive CAGR of 4.5%during the forecast years of 2022-2032.

Along with all sports, golf is gaining high popularity worldwide, which is causing equivalent growth in the sale of golf equipment, including golf shoes. Growing per capita spending on sports equipment in developed and developing countries will impel the demand for products during the forecast period. Moreover, the growing participation of the female population in golf will escalate the demand for golf shoes in the upcoming years.

Furthermore, funding from golf associations in Europe and North America will help to increase the availability of golf courses and golf clubs to initiate the participation of new golfers. Thus, the presence of professional golfers and a huge number of golf cultures and clubs in developed countries could become an opportunistic market for emerging market players to grow.

Additionally, to meet the needs of golfers or to provide better comfort and stability, market players are concentrating on delivering technologically advanced products in the marketplace. Fact.MR suggests that market dominators should be focusing on cost reduction to improve product affordability in developing and emerging economies.

Click to Request a Sample of this Report for Additional Market Insights: https://www.factmr.com/connectus/sample?flag=S&rep_id=221

Key Takeaways from the Market Study:

• The global golf shoes market is projected to expand at an impressive CAGR of 4.5% and be valued at US$ 13,331.7 Mn by 2032. The market witnessed a 1.2% CAGR for the period of 2017-2021.
• Under the product type segment, spiked or cleated golf shoes dominate the market and are valued at US$ 2,839.1 Mn in 2022. Europe dominated the market with a 30.1% market share in 2021.
• Based on region, demand for golf shoes is expected to increase at CAGRs of 3%, 7.4% & 4.5%respectively, in North America, Europe, and South Asia & Oceania.

“Technological Advancements in Product Offerings and the Participation of the Female Population in Golf Will Speed Up the Growth of Golf Shoes,” says a Fact.MR analyst.

Surge in Golf Participation Across Demographics Fuels Golf Shoe Sales Growth

Golf has emerged as one of the world’s fastest-growing sports in recent years, with participation soaring across diverse demographics. A key catalyst for this trend was the COVID-19 pandemic, which prompted millions to seek outdoor activities that naturally align with social distancing. According to the National Golf Foundation, 24.8 million people played golf in the United States in 2020 alone—a 2% increase from 2019, marking the largest net growth in participation in 17 years. This upward trajectory is expected to continue over the forecast period, driving a corresponding boom in golf shoe sales in the coming years.

Beyond the pandemic’s influence, the sport’s appeal is broadening, with women increasingly taking to the fairways. Heightened visibility through social media and television has inspired greater female participation, fueled by growing awareness and representation. For instance, the number of female golfers rose by an impressive 8% in 2020, a significant leap from 2015 levels. This influx of new players, spanning genders and backgrounds, is set to further accelerate demand for golf shoes as the sport’s popularity continues to climb.

Innovative Technological Advancements in Golf Shoe Design to Drive Market Expansion

Golf shoes have undergone a remarkable evolution over the past century, adapting to the needs of a growing global golfing community. As participation in the sport surges, manufacturers are seizing the opportunity to introduce cutting-edge, technologically advanced golf shoes to the market. Early designs featured metal spikes, which, while effective for traction, often damaged golf course turf. In response, the industry shifted to non-metal or plastic spikes, offering improved comfort for players and greater turf preservation.

In recent years, advancements have extended beyond spikes to include innovative materials for enhanced performance. For example, specialized membranes have become a go-to choice for winter golf shoes, prized for their water resistance, superior insulation, and breathability. Meanwhile, budget-friendly polyester linings provide a non-porous alternative, though they sacrifice some breathability. These developments reflect a broader trend of blending functionality with comfort and sustainability.

As manufacturers continue to innovate, pairing advanced technology with stylish designs, golf shoes are poised to attract a robust and diverse customer base. This ongoing evolution is expected to fuel significant market growth in the years ahead, solidifying the industry’s upward trajectory.

Get a Custom Analysis for Targeted Research Solutions: https://www.factmr.com/connectus/sample?flag=S&rep_id=221

Market Development

The key market peers of the golf shoes market are aiming for the enhancement of product offerings to cater strong customer base for their business. Apart from this, branding and positioning are the key focusing areas of market leaders for better customer retention and to maintain a strong hold in the market.

Additionally, manufacturers are operating through various distribution channels to observe better product reach across the world. Global expansion is also one of the organic strategies that support generating expected revenue from different regions.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global golf shoes market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the product type (spiked or cleated golf shoes, spikeless golf shoes, golf boot, golf sandal), distribution channel (modern trade, departmental stores, specialty stores, online retail, sport stores, others), price based (economy, mid, premium, super-premium), demographics (men, women, kids) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Explore More Related Studies Published by Fact.MR Research:

The global boxing gloves marketwill be valued at around US$ 1.45 billion in 2023. Sales of Boxing Gloves are projected to accelerate at a CAGR of 5.7% to top US$ 2.52 billion by 2033.

The global bodyboard market is set to enjoy a valuation of US$ 255 million in 2022 and expand at a CAGR of 6.8% to reach US$ 493.1 million by the end of 2032.

Newly-released data on towable tubes shows that the global towable tubes market experienced year-on-year (YoY) growth of 3.5% to reach US$ 420.1 million at the end of 2021, with two rider towable tubes accounting for the largest share of 40.1%.

The global kiteboarding equipment market was valued at around US$ 909 Million in 2022, is expected to reach US$ 1,042.62 Million, registering a Y-o-Y growth of 14.6%. Sales of kiteboarding equipment are projected to accelerate at a CAGR of 14.7% to top US$ 4,109.23 Million by 2033.

The global hoof boots market is expected to be valued at around US$ 17.35 Million in 2023. Sales of Hoof Boots are projected to accelerate at a CAGR of 9% to top US$ 40.51 Million by 2033.

The global Fishing Hooks market size was valued at USD 354 million in 2022 and is expected to expand at a CAGR of 2.5% during the forecast period, reaching USD 420 million by 2033.

The global Mixed Martial Arts Equipment market garnered a market value of US$ 565 Million in 2022 and is expected to accumulate a market value of US$ 1072.54 Million by registering a CAGR of 6% in the forecast period 2023 to 2033.