Canada Golf Market By Product (Golf Apparel And Golf Footwear), By End-User (Professional And Amateur), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032
- Published date: March 2023
- Report ID: 68596
- Number of Pages: 390
Canada Golf Market Overview:
The Canada Golf Market is projected to be USD 156.4 million in 2021 to reach USD 188.2 million by 2032 at a CAGR of 1.7%.
Golf is a sport played on a standard golf course with clubs and balls. A standard game of golf is generally comprised of 9 or 18 holes on a course. Golfers usually play by having the lowest number of strokes needed per game, which is known as stroke play. The main aim is to strike the ball into a hole. Golf requires specialized equipment in order to play the sport effectively. This equipment includes golf clubs, golf balls, tees, golf shoes, and golf bags.
Golf courses are operated privately as country clubs or are open to the public for a daily fee. An increasing participation rate, especially among the youth segment of the population is a major factor expected to drive the growth of the Canada Golf Market over the forecast years. In addition, media exposure to international golf events in Canada is a factor expected to increase the popularity of golf among individuals. This is expected to drive growth for the target market. Technological advancements in various equipment and golf products are expected to positively impact the growth of the Canada Golf Market.trending_up Total Revenue in 2018
$ 148.7 Mntrending_up Market CAGR of the Next Ten Years
1.7%no_encryption Market Value (US$ Mn), Share (%) and Growth Rate (%) Comparison 2012-2028Purchase this report or a membership to unlock the market value (US$ Mn), share (%) and growth rate (%) comparison for this industry.
no_encryption Leading Companies Financial HighlightsPurchase this report or a membership to unlock the leading companies financial highlights for this industry.trending_up Market Revenue of the Next Ten Years
- By Type
- By Region
- By Application
$ 188.2 Mn
However, training costs associated with golf sports are high which may hamper the growth of the market in the coming years. Owing to an increasing number of hotels and resorts in Canada comprising more than 18-hole golf courses potential opportunities for increased participation in golf sports are expected to create a lucrative opportunity for players operating in the target market. A key trend observed in the golf market is that golf associations are collaborating with other organizations with the objective of promoting the sport among the youth population as well as donating a high amount for the Health and Well-being of Children and Youth in Canada.
Canada Golf Market Revenue (US$ Mn), 2019–2029
The Canada golf market is segmented on the basis of product type, end-user, and region. On the basis of product type, the market is segmented into apparel and footwear. The golf apparel segment accounts for the majority share whereas the footwear segment is expected to register the highest growth over the forecast period. On the basis of end users, the market is segmented into professional and amateur. The amateur segment accounts for a majority share of the Canadian golf market, followed by the professional segment.
Canada Golf Market Attractiveness Analysis by Product Type, 2013–2019
The research report on the Canada golf market includes profiles of some of the major companies such as Lululemon Athletica, Inc., Levelwear Inc., Callaway Golf Co., NIKE, Inc., Acushnet Holdings Corp., Amer Sports Oyj, Adidas AG, Under Armour, Inc., PUMA SE, ECCO Sko A/S, and Skechers USA, Inc.
Canada Golf Market Drivers:
The market for Canada Golf is driven by several factors, including the increasing popularity of the sport, favorable government initiatives, and a growing middle class. The country’s strong tourism industry also supports the growth of the golf market, as many tourists visit Canada specifically to play golf.
The rise of technology and advancements in equipment design have made the sport more accessible and enjoyable for a wider range of individuals, further driving growth in the market.
Additionally, the expanding health and wellness trend has boosted the popularity of golf, as it is perceived as a healthy outdoor activity. The growth of residential communities and resorts that offer golf courses and facilities is another key driver of the Canada golf market.
Key Market Segments:
Key Market Players included in the report:
- Lululemon Athletica Inc.
- Levelwear Inc.
- Callaway Golf Co.
- NIKE Inc.
- Acushnet Holdings Corp.
- Amer Sports Oyj
- Adidas AG
- Under Armour Inc.
- PUMA SE
- ECCO Sko A/S
- Skechers USA Inc.
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