Golf Shoes Market Synopsis

Golf Shoes Market Size Was Valued at USD 8.2 Billion in 2023, and is Projected to Reach USD 12.8 Billion by 2032, Growing at a CAGR of 5.1% From 2024-2032.

Golf shoes are the type of sports shoes that help golfers of all types and styles to be safe in their play as well as comfortable. It is especially mandated in golf courses so that the turf, especially the greens, will not be harmed. As we speak, the market presents a rather wide choice of fashionable and comfortable golfing shoes that can be of full leather snakeskin design or can be modern athletic ones.

• Furthermore, most of the golf shoes are sorted based on their features that include spiked golf shoes, spikeless golf shoes, hybrid golf shoes, golf boots, and even more. That is why spiked shoes are comparatively heavier than any other kind of shoes since they can assist in harmonizing the swing. Spikeless shoes were often times light and those that are comfortable to use and can be worn particularly on the golf course but very much acceptable for general use.
• They are now expanding consumers via female figures. Also there is an increase in the number of working females in the classes also a fundamental aspect towards the advancement of the barefoot show industry. Therefore, development of sportsmen u/s 12 of the constitution and schemes for minimizing the tendency of obesity among the population are some of the factors that have boosted industrial growth.
• People are becoming more conscious of the environment, and hence, they are buying eco-products; thus, brands are considerate of sustainabilities. Environmental concerns that relate to materials that are recyclable and environmentally friendly together with the issue of ethic sources are now appearing in the new golf shoe designs. There is concern on emission of greenhouse gases and hence sustainable production and packaging.
• Since sustainability is a link and a concern to both consumers and the producers, it is envision to escalate innovation and growth around the world. Therefore, the factors responsible for the overall progress of the golf footwear segment are observed to possess promising enhancements in the near future.
• Some key trends that are helpful for the comprehension of the golf shoes market’s condition include technological improvements and the constant development of new product lines. Many leading brand players are also putting big bets to innovate for the new features for the best of the performance. It is also possible to note that such enhancements as waterproofing, the usage of highly specialized grip patterns, ultralight materials, and individual last fittings are becoming universals in the new stimming golf shoe releases.

Golf Shoes Market Trend Analysis

High popularity for playing golf

• Golf is largely popular especially in United States of America. Some surveys have put the number of people in America, that express interest in golf at about 108 million or one in every three Americans. It provided that 2 million people in America indulged in golf. In addition, it has massive demand in some of the European countries accompanied by some Asian countries as well. The major parameter for most people choosing out of golf as it caters for most of the needs of the people in as much as entertainment is concerned. Not only does one play golf but it is also possible to take the whole family on a vacation, go on a boys/bachelors’ trip or girlfriends’ getaway, or business outing. That it can be combined with other leisure activities, with sun basking, and with a good meal or a drink in the evening.
• The majority of those who selected golf for business reasons were business executives who were more likely to find the sport a better means of establishing working relationships. Although golf is not a team sport there is a lot of fellowship among the players. It is also believed that golf is a good way in which to be mindful in the world, it lowers anxiety in people affected by this vice and diminishes the feelings of depression too. This is not speculation as different researches have suggested that golf has a direct positive impact on mental health.

Rise in trend of creating mini and full golf courses across hotels and resorts

• A new trend of making mini as well as full golf courses in all the hotels and resorts and availability of golf shoes in all the shoe stores in variety of styles. This is preferable in the golf shoes market. New golf activity and new golf events with advertising images contributes to the shoes’ global market and its growth.
• Since a result of trends and Business professional games, many people have shifted from normal games and even prefer playing golf and since this is the trend more golf equipment such as golf shoes, will be sought after. It has also helped the game as a professional to advance with swanky and luxurious cars, cash, as rewards to enhance the demand of golf and driving the expansion of the golf shoes market.

Golf Shoes Market Segment Analysis:

Golf Shoes Market Segmented based on Product, Price, and Demographics.

By Product, Spiked shoes segment is expected to dominate the market during the forecast period

• Spike shoes were the most popular shoe model in the year 2023. Basically, the shoes offer performance enhancement in the game and are favored by professional players mostly. The following factors are spurting the growth of spiked shoes in a global market. The factors that are enhancing the market demand for spiked golf shoes are better stability on hilly or wet course; better flexibility; and comfort.
• Sports shoes being a part of the athletic wear segment are projected to increase multi-fold through the spikeless shoe CAGR through the forecast period. Another factor that the industry cares for is equilibrium, flexibility, and portability are other factors that are expected to boost its growth. Informal use can also be appended to these shoes making it possible to be used as casual shoes giving it versatility. These are the factors that should propel the growth of the market over the Fowler’s forecast period.

By Price, Premium segment held the largest share in 2023

• By Price, the Premium segment had a higher market share in 2023 of 48. 2 percent. This segment’s high-quality leather and spikes, brand image, increased stability, etc. , are the factors that have contributed to the market growth of the segment in the market.
•  The medium and Economy segment is predicted to post a decent growth rate at compounded average growth rate through the forecast time line. The general population can now afford this segment better than before, which is contributing to this market growth. Technological features held by the manufacturers to provide good quality and stable shoes at cheap price are anticipated to foster the market growth through the drive period.

Golf Shoes Market Regional Insights:

Europe is Expected to Dominate the Market Over the Forecast period

• In 2023, Europe was the leader of steel thin tile market. Factors increasing the market are rise in popularity and hence increase in resorts, hotels, etc. where their infrastructures are integrated with golf courses. Due to the existence of elderly villages such as golfing villages which are associated with golf courses and again the large number of Golf courses in England, there has been a rise in demand for golf shoes among other golfing merchandise. High standards of living in this area and class people are also adding towards the positive influence on the market growth. Junior golf tournaments’ promotion and the growth of the number of junior golf players’ also fuel the need for golf shoes.

Active Key Players in 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
• Other Active Players

Key Industry Developments in the Golf Shoes Market:

• In June 3, 2024 the Air Jordan Brand released the Air Jordan 9 Golf in a special ‘Us Open’ colorway. Official static images surfaced, which came as a huge boost for the Air Jordan 9 which comes with OG colors and golf editions that are planned for a June 2024 launch.
• June 2, 2024 Nike unveiled the Air Pegasus 89 G ‘Accept and Embrace’ edition for the USA Open at Pinehurst. The casual shoe combines the hues of North Carolina’s colors, dark blue and light blue, focused to casual fans as well as sneakerhead in honor of Michael Jordan.
• In May 31, 2024, Under Armour launched a new UA SlipSpeed golf shoe lineup made specifically for dads. Besides, they gave price reductions on new and featured sportswear consisting of outlet discounts. The catalog showed that more merchandise could include men’s golf gifts, woman’s shorts, kids’ shoes, new running shoes, and uncrushable hats.
• In May 14 of the year 2024, Todd Snyder and FootJoy introduced the ‘Mint Julep’ golf shoes especially for the PGA Championship. ESPECIALLY DELIGHTED BY THESE TWO SHOES,” WHICH ARE IN A BRIGHT ICY AQUA COLOUR, ORIGINALLY INSPIRED BY THE KENTUCKY DERBY COCKTAIL, THAT ARE GOING TO BE WORN BY THE FJ AMBASSADORS FOR THE FIRST TIME AT THE VALHALLA GOLF CLUB IN THE LIMITED EDITION RELEASE.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Golf Shoes Market by Product
 4.1 Golf Shoes Market Snapshot and Growth Engine
 4.2 Golf Shoes Market Overview
 4.3 Spiked Shoes
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Spiked Shoes: Geographic Segmentation Analysis
 4.4 Spikeless Shoes
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Spikeless Shoes: Geographic Segmentation Analysis

Chapter 5: Golf Shoes Market by Price
 5.1 Golf Shoes Market Snapshot and Growth Engine
 5.2 Golf Shoes Market Overview
 5.3 Premium
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Premium: Geographic Segmentation Analysis
 5.4 Medium
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Medium: Geographic Segmentation Analysis
 5.5 Economy
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Economy: Geographic Segmentation Analysis

Chapter 6: Golf Shoes Market by Demographics
 6.1 Golf Shoes Market Snapshot and Growth Engine
 6.2 Golf Shoes Market Overview
 6.3 Men
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Men: Geographic Segmentation Analysis
 6.4 Women
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Women: Geographic Segmentation Analysis
 6.5 Kids
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Kids: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Golf Shoes Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 NIKE INC
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 ADIDAS AG
 7.4 FOOTJOY
 7.5 PUMA SE
 7.6 SKECHERS USA INC
 7.7 UNDER ARMOUR INC
 7.8 ECCO SKO A/S
 7.9 CALLAWAY GOLF COMPANY
 7.10 NEW BALANCE ATHLETICS INC
 7.11 ASICS CORPORATION
 7.12 MIZUNO CORPORATION
 7.13 ACUSHNET HOLDINGS CORP
 7.14 TRUE LINKSWEAR
 7.15 GOLFSTREAM
 7.16 KIKKOR GOLF
 7.17 OTHER ACTIVE PLAYERS

Chapter 8: Global Golf Shoes Market By Region
 8.1 Overview
 8.2. North America Golf Shoes Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Product
   8.2.4.1 Spiked Shoes
   8.2.4.2 Spikeless Shoes
  8.2.5 Historic and Forecasted Market Size By Price
   8.2.5.1 Premium
   8.2.5.2 Medium
   8.2.5.3 Economy
  8.2.6 Historic and Forecasted Market Size By Demographics
   8.2.6.1 Men
   8.2.6.2 Women
   8.2.6.3 Kids
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Golf Shoes Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Product
   8.3.4.1 Spiked Shoes
   8.3.4.2 Spikeless Shoes
  8.3.5 Historic and Forecasted Market Size By Price
   8.3.5.1 Premium
   8.3.5.2 Medium
   8.3.5.3 Economy
  8.3.6 Historic and Forecasted Market Size By Demographics
   8.3.6.1 Men
   8.3.6.2 Women
   8.3.6.3 Kids
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Golf Shoes Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Product
   8.4.4.1 Spiked Shoes
   8.4.4.2 Spikeless Shoes
  8.4.5 Historic and Forecasted Market Size By Price
   8.4.5.1 Premium
   8.4.5.2 Medium
   8.4.5.3 Economy
  8.4.6 Historic and Forecasted Market Size By Demographics
   8.4.6.1 Men
   8.4.6.2 Women
   8.4.6.3 Kids
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Golf Shoes Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Product
   8.5.4.1 Spiked Shoes
   8.5.4.2 Spikeless Shoes
  8.5.5 Historic and Forecasted Market Size By Price
   8.5.5.1 Premium
   8.5.5.2 Medium
   8.5.5.3 Economy
  8.5.6 Historic and Forecasted Market Size By Demographics
   8.5.6.1 Men
   8.5.6.2 Women
   8.5.6.3 Kids
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Golf Shoes Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Product
   8.6.4.1 Spiked Shoes
   8.6.4.2 Spikeless Shoes
  8.6.5 Historic and Forecasted Market Size By Price
   8.6.5.1 Premium
   8.6.5.2 Medium
   8.6.5.3 Economy
  8.6.6 Historic and Forecasted Market Size By Demographics
   8.6.6.1 Men
   8.6.6.2 Women
   8.6.6.3 Kids
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Golf Shoes Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Product
   8.7.4.1 Spiked Shoes
   8.7.4.2 Spikeless Shoes
  8.7.5 Historic and Forecasted Market Size By Price
   8.7.5.1 Premium
   8.7.5.2 Medium
   8.7.5.3 Economy
  8.7.6 Historic and Forecasted Market Size By Demographics
   8.7.6.1 Men
   8.7.6.2 Women
   8.7.6.3 Kids
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research