The worldwide Cleated Golf Shoes market is expected to reach roughly US$ 8,504 Mn in 2022, with a slow CAGR over the forecast period. With the growing popularity of sports like golf around the world, sales of golf equipment has increased as well.
The market for Cleated Golf Shoes is steadily increasing in demand, thanks to rising income levels and the global growth of golf. Manufacturers are working on extending their product line in order to achieve a decisive presence in this profitable industry by catering to the needs of golfers.
Cleated Golf Shoes Market: 4 Forecast Highlights
- The spikeless Cleated Golf Shoes market is expected to reach roughly US$ 2,290 million in 2022, according to Fact.MR’s During the evaluation period of 2017-2022, this reflects a slow CAGR increase.
- According to Fact.MR’s the department store segment would be worth about US$ 1,530 million in 2017. During the forecast period, this implies a slow CAGR growth. The department store segment is predicted to lose market share by the end of 2022, while accounting for more than one-fifth of the revenue share of the distribution channel segment in 2017.
- According to Fact.MR’s the economics segment would be worth roughly US$ 2,690 Mn in 2022. By the end of 2022, the economy section is predicted to earn some market value. In the economy section, the Europe area has the biggest contribution.
- The men’s Cleated Golf Shoes market is expected to rise from roughly US$ 3,325 million in 2017 to nearly US$ 3,930 million in 2022, according to Fact.MR. From 2017 through 2022, this implies a 3.4 percent compound annual growth rate (CAGR).
Modern Trade Segment to Exhibit a CAGR of 3.1% during the Assessment Period
The modern trade segment is expected to reach roughly US$ 1,775 Mn in 2022, according to Fact.projection. MR’s During the evaluation period from 2017 to 2022, this indicates a CAGR of 3.1 percent.
By the end of 2022, this segment is predicted to increase market share. By 2017, the contemporary trade segment will account for more than a fifth of the revenue share of the distribution channel segment.