Market.us announces publication of its most recently generated research report titled, “Canada Golf Market by Product (Golf Apparel and Golf Footwear), By End-User (Professional and Amateur), and by Region – Global Forecast to 2029.”, which offers a holistic view of the Canada golf market through systematic segmentation that covers every aspect of the target market.

The Canada golf market is projected to be US$ 151.2 Mn in 2019 to reach US$ 179.3 Mn by 2029 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 number of participation rates, especially among youth segment of population is major factor expected to drive 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 increases the popularity of golf among individuals. This is expected to drive the 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.

However, training costs associated with golf sports are high that may hamper growth of the Canada golf market in the coming years. Owing to an increasing number of hotels and resorts in Canada comprising more than 18-hole golf courses are potential opportunities for increased participation in golf sports are expected to create a lucrative opportunity for players operating in the target market. 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 Health and Well-being of Children and Youth in Canada.

Canada Golf Market Revenue (US$ Mn), 2019–2029 

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 highest growth over forecast period. On the basis of end user, the market is segmented into professional and amateur. The amateur segment accounts for a majority share in the Canada 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 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.

Key Market Segments

Type

• Apparel
• Footwear

Application

• Professional
• Amateur

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.