Golf Apparel Global Market Report 2023 – By Type (Clothes, hats, Shoes, Other Types), By Sales Channel (Retail, Specialty Stores, Sports Megastores, Online, On Course Stores, Other Sales Channels), By Application (Professional, Amateur), By End User (Men, Women, Kids) – Market Size, Trends, And Global Forecast 2023-2032

A golf cart is a self-propelled vehicle created to move golfers and their gear around a golf course. A neighborhood electric vehicle (NEV) is a battery-powered vehicle capable of operating at a top speed of 25 mph and can carry a maximum load of 3,000 lbs. The main types of golf carts and neighborhood electric vehicles (nev) are neighborhood electric vehicles (nev), and golf carts. A neighborhood electric vehicle (NEV) is a battery-electric automobile with a top speed of 25 miles per hour (mph) and a maximum loaded weight of 3,000 pounds. The various engines include gas-powered engines and electric-powered engines. These are used in various applications such as golf courses, private clubs, commercial, and other applications. The global golf cart and neighborhood electric vehicle (NEV) market is segmented - 1) By Type: Neighborhood Electric Vehicle (NEV), Golf Cart 2) By Engine: Gas Powered Engines, Electric-Powered Engines 3) By Application: Golf Courses, Private Clubs, Commercial, Other Applications The global golf cart and neighborhood electric vehicle market size is expected to grow from $4.02 billion in 2022 to $4.45 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global golf cart and neighborhood electric vehicle market size is expected to reach $6.26 billion in 2027 at a CAGR of 8.9%. The increasing government initiatives to adopt zero-emission vehicles are expected to propel the growth of the golf cart and neighborhood electric vehicle (NEV) market going forward. A zero-pollution vehicle is a mode of transportation that produces no hazardous emissions while it is in operation. Developed countries such as the United Kingdom are introducing new initiatives to reduce CO2 emissions and encouraging zero-emission vehicles. For instance, in November 2020, the UK government, a UK-based government introduced a 10-point plan for a green industrial revolution that also include the transition of vehicles to zero-emission cars and vans. The aim is to transmit all new cars and vans to zero emission by 2035. therefore, the increasing government initiatives to adopt zero-emission vehicles drives the golf cart and neighborhood electric vehicle (NEV) market. Major players in the golf cart and neighborhood electric vehicle (NEV) market are Bradshaw Electric Vehicles, Dongfeng Electric Vehicles Co. Ltd., Textron Inc., DY Corporation, Yamaha Golf-Car, Polaris Inc., Volmac Electric Vehicles LLP, Marshell Green Power Co. Ltd., Club Car LLC, Bintelli Electric Vehicles, Columbia ParCar Corp., Speedways Electric, Dongguan Excellence Golf and Sightseeing Car Co.Ltd, Zhuhai E-Way Electric Industries Co.Ltd., AutoPower, and Renault Group. Technological advancement is the key trend gaining popularity in the golf cart and neighborhood electric vehicle (NEV) market. Major companies operating in the golf cart and neighborhood electric vehicle (NEV) market are focused on developing innovative technologies to strengthen their position in the market. For instance, in January 2023, Textron Inc., a US-based manufacturer of golf cars and personal vehicles, redesigned RXV golf cars with new technologies and refinements to improve players' on-course experience. The newly added innovations, such as hanging foot pedals modeled after those seen in automobiles, offer a simple and comfortable driving experience whereas the enormous bagwell was made to fit the golf bags of today, which are getting bigger and bigger. Golfers may use pace technology services at participating courses, which include course maps, yardage data, weather information, and the opportunity to place food and beverage orders from the golf cart. In June 2022, Club Car LLC, a US-based top developer and world expert in golf, consumer, and utility vehicles acquired Garia for an undisclosed amount. Through this acquisition, Club Car LLC expects to broaden the worldwide appeal of the merged brands with an extensive line-up of low-speed electric vehicles in the industry. Garia is a Denmark-based company operating a golf cart and neighborhood electric vehicles. Asia-Pacific was the largest region in the golf cart and neighborhood electric vehicle market in 2022. The regions covered in the global golf cart and neighborhood electric vehicle (NEV) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the golf cart and neighborhood electric vehicle (NEV) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The golf cart and neighborhood electric vehicle (NEV) market consists of sales of diesel carts, push carts, pull carts, remote-controlled golf carts, and neighborhood electric vehicles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The golf cart and neighborhood electric vehicle (nev)market research report is one of a series of new reports from The Business Research Company that provides golf cart and neighborhood electric vehicle (nev)market statistics, including golf cart and neighborhood electric vehicle (nev)industry global market size, regional shares, competitors with a golf cart and neighborhood electric vehicle (nev)market share, detailed golf cart and neighborhood electric vehicle (nev)market segments, market trends and opportunities, and any further data you may need to thrive in the golf cart and neighborhood electric vehicle (nev)industry. This golf cart and neighborhood electric vehicle (nev)market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Golf carts are electric or gas-powered vehicles used to move golfers and equipment around the course while playing. It is used to transport two golfers and their clubs around a golf course with less effort than walking. The main product types of golf carts include puh-pull golf carts, gasoline golf carts, electric golf carts, and solar-powered golf carts. A push-pull golf cart is used to draw golf clubs around the course. They are operated by manual or powered modes and are classified based on ownership as rented and fully owned. These are used in golf courses, personal use, industry use, and others. The global golf cart market is segmented - 1) By Product Type: Push-Pull Golf Cart, Gasoline Golf Cart, Electric Golf Cart, Solar Powered Golf Cart 2) By Operation: Manual, Powered 3) By Ownership: Rented, Fully Owned 4) By Application: Golf Courses, Personal Use, Industry Use, Other Applications The global golf carts market size is expected to grow from $1.54 billion in 2022 to $1.64 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global golf carts market size is expected to reach $2.04 billion in 2027 at a CAGR of 5.6%. A rise in the utilization of golf carts in tourism is expected to propel the growth of the golf cart market going forward. Tourism refers to travel that includes a commercial activity. Golf carts are frequently employed by tourists as a means of transportation for visiting a variety of tourist attractions, including hotels, theme parks, zoos, and museums, due to their comfort, affordability, and environmental friendliness. Hence, the rise in the utilization of golf carts in tourism will increase the demand for golf cart market. golf carts are a well-liked form of transportation for tourists. For instance, in February 2023, according to the most recent data from the Travel and Tourism Satellite Account (TTSA) of the U.S. Bureau of Economic Analysis, the travel and tourism industry increased 64.4 percent in 2021 after declining 50.7 percent in 2020 as measured by the real output of goods and services sold directly to tourists. (BEA). Therefore, the rise in the utilization of golf carts in tourism is driving the growth of the golf cart market. Major players in the golf cart market are Yamaha Golf-Car Company, Textron Inc., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Club Car, Cruise Car Inc., Garia Inc., Columbia Vehicle Group Inc., Textron Specialized Vehicles Inc., Polaris Inc, JH Global Services Inc., HDK Electric Vehicles, Dongguan Excar Electric Vehicle Co. Ltd, Maini Group, Cruise Car Inc, Star EV Corporation. Technological advancements are a key trend gaining popularity in the golf cart market. Major companies operating in the golf cart market are developing innovative technologies to sustain their position in the market. For instance, in November 2022, Neuron Energy Pvt Ltd, an India-based provider of Electric Vehicle solutions, debuted the Adler line of electric golf carts., The newest endeavour will use its new product to meet the demand for personal travel, freight, leisure, and medical help. The lithium-ion batteries from Neuron, which have a GPRS tracker and remote help, will power the golf carts where GPRS vehicle tracking system function independently conjunction with a GPS system which records the location data and transmits that data to the internet. In June 2022, Club Car, a US-based manufacturer of small-wheel, zero-emissions electric vehicles acquired Garia A/S for an undisclosed amount. With the acquisition, the company intends to develop its go-to-market plans and capitalize on fresh opportunities like last-mile delivery and street-legal utilities. Garia A/S is a Denmark-based producer of electric low-speed street-legal vehicles and golf carts. North America was the largest region in the golf cart market in 2022. The regions covered in the global golf cart market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the golf cart market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The golf cart market consists of sales of utility golf carts, hybrid golf carts and neighbourhood golf carts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The golf cart market research report is one of a series of new reports from The Business Research Company that provides golf cart optical components market statistics, including golf cart optical components industry global market size, regional shares, competitors with a golf cart optical components market share, detailed golf cart optical components market segments, market trends, and opportunities, and any further data you may need to thrive in the golf cart optical components industry. This golf cart optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Participatory sport is a sport in which people participate in any sporting event. Team sports participation builds confidence, promotes health and well-being, and can help maintain mental health. Participating in youth sports can lead to immediate and long-term benefits for youth, their families, and communities. The main types of participatory sports are golf courses and country clubs, skiing facilities, marinas, fitness, and recreational sports centers, bowling centers, and other participatory sports. A marina is a dock, particularly one for sailboats and yachts. The various sources of revenue include membership, merchandising, and others and are owned by chained and standalone ownership. The global participatory sports market is segmented - 1) By Type: Golf Courses And Country Clubs, Skiing Facilities, Marinas, Fitness And Recreational Sports Centers, Bowling Centers, Other Participatory Sports 2) By Revenue Source: Membership, Merchandising, Other Revenue Souces 3) By Ownership: Chained, Standalone The global participatory sports market size grew from $312.33 billion in 2022 to $326.80 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global participatory sports market is expected to grow to $390.28 billion in 2027 at a CAGR of 4.5%. Fitness and health clubs are offering instructor-led group fitness classes combining workout formats. These combined formats mix traditional exercises to make exercising fun for people. Popular combined fitness formats include cycling and boxing, treadmill running and strength training, rowing and bodyweight training, battle rope training, and high-intensity interval training (HIIT). This enables fitness trainers to effectively engage members during the exercise. These fitness formats enhance the workout experience and produce better results than traditional exercises. Hashing, ZUU, Clubbercise, Gorilla Circus, and Zumba steps are common combined fitness formats. Major companies in the market include Maruhan, Life Time Fitness, Inc., Heiwa Corporation, Konami Holdings Corporation, Town Sports International Holdings, Inc., Accordia Golf, Compagnie des Alpes, Planet Fitness, LLC, Ardent Leisure Group Ltd., and The Gym Group PLC. Gyms and fitness clubs have started focusing on different age groups keeping the needs and preferences of consumers. The age groups between 20 – 65 years have different physical fitness needs. The younger age groups need intense muscle-building exercises such as pull-ups, dumbbell bench presses, and barbell curls, while the older age groups need high-impact traditional cardio workouts and low-impact fitness classes such as yoga and tai chi. The gyms and fitness clubs have started to offer a range of fitness programs to attract young as well as older consumers. For instance, in September 2021, Sportyze, an Indian-based chain of Kids Gym, launched its online offerings, in order to reach a wider audience and make it easier for more children to avail of its services. The program includes an extension of Sportyze's offline services. North America was the largest region in the participatory sports market share in 2022. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the global participatory sports market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the participatory sports market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The participatory sports market includes revenues earned by entities by operating golf courses and country clubs, skiing facilities, marinas, fitness, and recreational sports centers, and bowling centers. Participatory sports revenues come from participants and player attendants. This market includes sales from entry fees, merchandise, and other related goods and services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The participatory sports market research report is one of a series of new reports from The Business Research Company that provides participatory sports market statistics, including participatory sports industry global market size, regional shares, competitors with a participatory sports market share, detailed participatory sports market segments, market trends and opportunities, and any further data you may need to thrive in the participatory sports industry. This participatory sports market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A spectator sport is one in which spectators, or observers, attend matches such as American football, association football, baseball, basketball, Canadian football, cricket, field hockey, formula 1, ice hockey, rugby league, rugby union, team handball, and volleyball. The main types of spectator sports are sports teams and clubs, racing, and individual sports. The various sources of revenue include media rights, merchandising, tickets, and sponsorship that are earned from different kinds of sports such as soccer, cricket, rugby/football, tennis, and others. Soccer is a team sport played on a field between two teams of 11 players each, to kick or hit a round ball into the opponent's goal with any part of the body except the hands and arms. The global spectator sports market is segmented - 1) By Type: Sports Team & Clubs, Racing & Individual Sports 2) By Revenue Source: Media Rights, Merchandising, Tickets, Sponsorship 3) By Type of Sport: Soccer, Cricket, Rugby/Football, Tennis, Other Sports Subsegments Covered: Football Clubs, Rugby Clubs, Other Sports Team & Clubs, Basketball Clubs, Motor Race, Horse Race, Other Racing & Individual Sports The global spectator sports market size grew from $174.28 billion in 2022 to $185.34 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global spectator sports market is expected to grow to $233.35 billion in 2027 at a CAGR of 5.9%. The market is expected to benefit from the steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that the global real GDP growth was 3.7% in 2019 and 2020 and 3.6% from 2021 to 2023. Recovering commodity prices are further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, India’s GDP grew at 8.7% in 2021-22, up by 1.5% compared to 2019-20, whereas China registered a GDP growth of 8.1% in 2021. This continued economic growth is expected to drive the demand for spectator sports market. Major companies in the spectator sports market include Liberty Media Corporation, Futbol Club Barcelona, Dallas Cowboys, Manchester City F.C., New York Yankees, Manchester United Football Club, Juventus, International Speedway Corporation, Los Angeles Dodgers, LLC, and Real Madrid C.F. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the spectator sports market in 2020 as governments globally imposed lockdowns and restricted domestic and international travel limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in the closure of recreational facilities with countries entering a state of 'lockdown' and the outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the spectator sports market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Sports organizers are implementing virtual reality (VR) technology to improve the spectators’ experience in sporting events. Virtual reality generates images, sounds, and other sensations that simulate a physical presence in an imaginary environment. Clubs and teams are experimenting with simulated and 360-degree environments to enhance the match viewing experience of the spectators by allowing them to have a virtual walkthrough of the stadium or the race track and view the match from different angles. For instance, the NBA game between the Sacramento Kings and San Antonio Spurs was broadcasted in VR. NASCAR has created an interactive fan area at the race tracks with the implementation of virtual reality. North America was the largest region in the spectator sports market share in 2022. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the global spectator sports industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the spectator sports market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The spectator sports market includes revenues earned by entities such as teams or clubs that participate in live sporting events for a paying audience. Spectator sports include the presentation of sporting events by teams and clubs or independent athletes. Owners of teams, horses, and so on that enter participants into racing events or other spectator sports events and the sports trainers who provide specialized services to support participants in sports events or competitions are part of this industry. The establishments that operate racetracks are also included in this industry. The market covered in this report includes the revenues generated from the sales of tickets for spectator sports events, merchandise, and other related goods and services through online and offline channels. It also includes the revenues generated from the sponsorships of sports clubs and teams, and media and broadcasting rights revenues by the spectator sports organizers. The market covered in this report also includes sales of sports services and related goods by entities that participate in the provision of sports. The market covered in this report includes the revenues generated from the sales of sports players by sports teams/clubs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The spectator sports market research report is one of a series of new reports from The Business Research Company that provides spectator sports market statistics, including spectator sports industry global market size, regional shares, competitors with a spectator sports market share, detailed spectator sports market segments, market trends and opportunities, and any further data you may need to thrive in the spectator sports industry. This spectator sports market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Sports are group games and individual activities that involve physical activity and skills. Sports help to overcome adversities and win. Playing sports helps release pressure and tension in a healthy and controlled way, and improves mood, and concentration. The main types of sports are spectator sports and participatory sports. Spectator sports include the presentation of sporting events by teams and clubs or independent athletes. The various sources of revenue are media rights, merchandising, tickets, and sponsorship and involve different ownerships including chained, and standalone. The global sports market is segmented - 1) By Type: Spectator Sports, Participatory Sports 2) By Revenue Source: Media Rights, Merchandising, Tickets, Sponsorship 3) By Ownership: Chained, Standalone Subsegments Covered: Sports Team & Clubs, Racing & Individual Sports, Golf Courses And Country Clubs, Skiing Facilities, Marinas, Fitness And Recreational Sports Centers, Bowling Centers, Other Participatory Sports The global sports market size grew from $486.61 billion in 2022 to $512.14 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global sports market is expected to grow to $623.63 billion in 2027 at a CAGR of 5.0%. The market is expected to benefit from the steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that the global real GDP growth was 3.7% in 2019 and 2020 and 3.6% from 2021 to 2023. Recovering commodity prices are further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, India’s GDP grew at 8.7% in 2021-22, up by 1.5% compared to 2019-20, whereas China registered a GDP growth of 8.1% in 2021. This continued economic growth is expected to drive the demand for growth of sports market. Major companies in the market include Maruhan, Life Time Fitness, Inc., Liberty Media Corporation, Futbol Club Barcelona, Dallas Cowboys, Heiwa Corporation, Manchester City F.C., New York Yankees, Manchester United Football Club, and Juventus. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the sports market in 2020 as governments globally imposed lockdowns and restricted domestic and international travel limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in the closure of recreational facilities with countries entering a state of 'lockdown' and the outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the sports market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Sports organizers are implementing virtual reality (VR) technology to improve the spectators’ experience in sporting events. Virtual reality generates images, sounds, and other sensations that simulate a physical presence in an imaginary environment. Clubs and teams are experimenting with simulated and 360-degree environments to enhance the match viewing experience of the spectators by allowing them to have a virtual walkthrough of the stadium or the race track and view the match from different angles. For instance, the NBA game between the Sacramento Kings and San Antonio Spurs was broadcasted in VR. NASCAR has created an interactive fan area at the race tracks with the implementation of virtual reality. North America was the largest region in the sports market share in 2022. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the global sports market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the sports market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The sports market includes revenues earned by entities by providing services like live sporting events before a paying audience or entities that operate golf courses and country clubs, skiing facilities, marinas, fitness, and recreational sports centers, and bowling centers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The sports market research report is one of a series of new reports from The Business Research Company that provides sports market statistics, including sports industry global market size, regional shares, competitors with a sports market share, detailed sports market segments, market trends, and opportunities, and any further data you may need to thrive in the sports industry. This sports market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The smart sports equipment refers to equipment’s that are digitally instrumented with sensors, providing real-time analytical details on the user’s behaviour and performance. It is used to analyse player’s performance on the field. Smart sports equipment goes beyond simple metric tracking, such as calories burnt or steps done, to provide with more precise information about form and performance. The main types of products in the smart sports equipment market are smart balls, smart golf sticks, smart hockey sticks, smart rackets and bats, and other products. Smart balls are a type of intelligent balls with an implanted electronic chip. They are created by integrating smart technology like IoT, and data analytics into sports equipment. Smart sports equipment has connectivity features such as smartphone synchronization, wireless synching, and real-time data syncing. These products are distributed through franchise stores, specialty stores, and other stores. Smart sports equipment is used by end-users such as men and women. The global smarts sports equipment market is segmented – 1) By Product Type: Smart Balls, Smart Golf Sticks, Smart Hockey Sticks, Smart Racket And Bats, Others Products 2) By Connectivity Features: Smartphone Synchronization, Wireless Synching, Real Time Data Syncing 3) By Distribution Channel: Franchise Stores, Specialty Stores, Others Stores 4) By End User: Men, Women The global smart sports equipment market size grew from $3.7 billion in 2022 to $3.98 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of smart sports equipment market size is expected to grow to $5.38 billion in 2027 at a CAGR of 7.9%. The increase in demand for data-driven analysis of sporting activities is expected to propel the growth of the smart sports equipment market. In sports, data-driven analytics are used in modern coaching as sensors are integrated into the sports equipment to develop winning strategies and analyze the performance of the player on the field or in a team as a whole. Coaches of professional teams can use data science to construct hyper-personalized athlete matches and other plans for every game they play and also can identify and analyze the mistakes made by the players by observing the data collected by their sports equipment. With these new modern sports accessories, players can overcome their challenges with every training session or every game by studying the data and being effective. According to Forbes, an American business magazine, sports analytics is predicted to generate over $4 billion in revenue by 2022, since it aids several sports organizations and players in a variety of ways. Therefore, increasing demand for data-driven analysis of sporting activities drives the growth of smart sports equipment market. Major players in the smart sports equipment market are NIKE Inc., Golfsmith International Holdings Inc., PUMA SE, Adidas AG, Wilson Sporting Goods, BABOLAT VS S.A., HockeyShot Inc., Riddell, Zepp Labs Inc., Gridiron Technologies, MIZUNO Corporation, Amer Sports, Under Armour Inc., InfoMotion Sports Technologies, DribbleUp Inc., BRG Sports, EGYM Inc., Kinexon GmbH, Spektacom Technologies Pvt Ltd., STATSports Group Ltd., Callaway Golf Company, QUATTRIUUM INC., and Game Golf. As the smart sports equipment market expands, new developing trends are emerging in the sector to keep up with the technological advancements surrounding the market. One such new development is Smart Sensors (Gen3+) developed by a US-based firm, Arccos Golf, in April 2022. Arccos Smart Sensors (Gen3+) provide automatic shot tracking powered by artificial intelligence and machine learning that tightly integrates hardware and software to pinpoint a player's shots more accurately. Over the past three years, Arccos Data Scientists and Engineers have analyzed more than 500 million shots hit in 194 countries using Arccos sensors. When combined with the award-winning Arccos Caddie app, this provides users with Strokes Gained insights for each aspect of their game and each club in their bag. In August 2021, Authentic Brands Group (ABG), an American brand management company, acquired Reebok from Adidas for up to $2.5 billion. The deal enables ABG to bring an iconic sports brand like Reebok under its ever-growing sports products portfolio, which helps in enhancing its athletics equipment and merchandise division. Reebok's headquarters will remain in Boston, and the company's operations in North and Latin America, Asia-Pacific, Europe, and Russia will continue. Reebok is a US-based manufacturer of sporting goods that also manufactures smart sports equipment such as smartwatches. North America was the largest region in the smart sports equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart sports equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smarts sports equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart sports equipment market consists of sales of smart basketball, smart footballs, and smart helmet. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart sports equipment market research report is one of a series of new reports from The Business Research Company that provides smart sports market statistics, including smart sports equipment industry, global smart sports equipment market size, regional shares, competitors with a smart sports equipment market share, detailed smart sports equipment market segments, market trends and opportunities, and any further data you may need to thrive in the smart sports equipment industry. This smart sports equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Golf equipment refers to equipment and items that are designed to play the sport, protect the course, enhance the game, and provide a better overall game experience for all golf players. Golf equipment includes the golf ball, golf clubs, alignment sticks, ball markers, ball retrievers, and other devices that aid in the sport of golf. The main product types of golf equipment are golf clubs, golf balls, golf bags and accessories, apparel, and footwear. Golf clubs are used to whack a golf ball during a game of golf. A shaft with a grip and a club head make up each club. These golf clubs are made up of woods, hybrids, and irons. The products are distributed through specialty stores, sporting goods chains, on-course shops, online stores, and other distribution channels that are used by amateurs and professionals. The global golf equipment market is segmented – 1) By Product Type: Golf Clubs, Golf Balls, Golf Bags And Accessories, Apparel, Footwear 2) By Distribution Channel: Specialty Stores, Sporting Goods Chain, On-Course Shops, Online Stores, Other Distribution Channels 3) By End-User: Amateurs, Professionals The global golf equipment market size is expected to grow from $8.37 billion in 2022 to $8.74 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of golf equipment is expected to grow to $9.91 billion in 2027 at a compound annual growth rate (CAGR) of 3.2%. The increase in golf tourism and government support is expected to drive the growth of the golf equipment market. Governments are promoting golf resorts to local and international tourists to generate additional foreign exchange through the development of golf tourism and thereby contributing to economic progress. Golf tourism will enhance the sales and demand for golf equipment. For instance, in June 2021, Scotland established a new Golf Tourism and Visitor Strategy, with an emphasis on destination development, community participation, education, and health. Therefore, the increase in golf tourism and government support drives the growth of the market. Major players in the golf equipment market are Acushnet Holdings Corp., Callaway Golf Company, TaylorMade Golf Company, Nike Inc., Bridgestone Corporation, Amer Sports Corporation, Sumitomo Rubber Industries Ltd., Adidas AG, Wilson Sporting Goods, Roger Cleveland Golf Company Inc., Golfsmith International Holdings Inc., Titleist, SRI Sports Limited, Dixon Golf Inc., Dick's Sporting Goods Inc., Cobra Golf, Parsons Xtreme Golf, Mizuna USA Inc., Cleveland Golf, True Temper, and Dunlop Sports Co. Ltd. Technology advancementss are shaping the golf equipment market. Companies are creating products with enhanced technologies to satisfy the market need for superior golf equipment. For instance, in January 2020, TaylorMade Golf, a US-based leader in innovation and technology launched the second generation of the high-visibility line of pix golf balls. For the first time, pixTM, a new visual technology created in collaboration with Rickie Fowler, will be available in both the TP5 and TP5x models. The TP5/TP5x stamp is used to create the company's new ClearPath AlignmentTM, which is the main feature of the company’s logo. ClearPath not only aids in alignment but also provides rapid feedback on the roll's quality. The golfer can see a clearing in the center of the ball on a well-struck putt where the ball is rolling end-over-end, which provides two critical pieces of information, the launching of the golf ball down the intended path and about a good putt. In May 2021, Centroid Investment Partners, a South Korea-based private equity firm acquired TaylorMade for 1.8 trillion won ($1.7 billion). With this acquisition, Centroid Investment aimed to boost its market share in Asia, while expanding clothing and other businesses. TaylorMade is a US-based sports equipment manufacturing company. North America was the largest region in the golf equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in golf equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the golf equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The golf equipment market consists of sales of woods, sticks, wedges, putters, and rubber material. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The golf equipment market research report is one of a series of new reports from The Business Research Company that provides golf equipment market statistics, including golf equipment industry global market size, regional shares, competitors with a golf equipment market share, detailed golf equipment market segments, market trends and opportunities, and any further data you may need to thrive in the golf equipment industry. This golf equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Golf tourism refers to the trips undertaken by people to play golf. Golf is a sport in which players use a club to hit a small ball into a series of cups set out on a course. Golf tourism is a part of sport tourism, which is one of the tourism industry's fastest-growing segments. Golf tourism refers to domestic or international trips taken by people who play golf at least once while traveling to any destination. The main types of golf tourism are domestic and international. International tourism is defined as the act of traveling to a country other than the tourist's home country for leisure or business for no more than one year. The various services include personal tours and professional tours that are sold by direct channel and distribution channels. The golf tourism services are availed by males and females. The global golf tourism market is segmented - 1) By Type: Domestic, International 2) By Service Type: Personal Tours, Professional Tours 3) By Sales Channel: Direct Channel, Distribution Channel 4) By End-User Sex: Male, Female The global golf tourism market size will grow from $4.93 billion in 2022 to $4.76 billion in 2023 at a compound annual growth rate (CAGR) of -3.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global golf tourism is expected to grow to $6.07 billion in 2027 at a CAGR of 6.3%. The increasing government support for the promotion of golf tourism is expected to drive the growth of the golf tourism market going forward. The governments are promoting golf destinations to domestic and international tourists as a means of earning additional foreign exchange through the development of the niche product and thereby contributing to economic growth. For instance, in June 2021, in Scotland, a new Golf Tourism and Visitor Strategy were developed, with a focus on destination development, community engagement, education, and health as the industry attempts to recover from the challenges of the COVID-19 pandemic. Hence, the rising government initiatives to support golf tourism will drive the growth of the golf tourism market. Major players in the golf tourism market are Golf Tours International, GHW Golf Tours, Golfasian Co. Ltd., Golfbreaks Ltd., Perry Travel Inc., Premier Golf Tours, Scottish Golf Holidays Inc., The Haversham and Baker Co, GolfHolidays.com, Direct Golf Holidays, Celtic Golf, Kalos Golf, Sophisticated Golfer, Carr Golf, SouthAmerica.travel, Ascot Golf Tours, Caribbean Golf & Tours, Classic Golf Tours, Golf Plaisir, EasyGolf Worldwide Australia, Asian Tour, Chaka Travel, and Goway Travel. Strategic collaborations and partnerships have emerged as a key trend gaining popularity in the golf tourism market. Major companies operating in the golf tourism sector are focused on strategic collaborations and partnerships to reinforce their position. For instance, in October 2021, Goway, a UK-based golf tourism provider, partnered with Signature Travel Network to expand its reach in the US and strengthen its ability to provide vacations for travelers around the globe. Signature Travel Network is a US-based travel network company. Moreover, in May 2021, golfscape group, a provider of the online marketplace which offers booking capabilities to golfers and golf tourists partnered with Golfmanager, a leading European golf technology provider. As part of this agreement, Golfmanager's client courses will be featured Golfscape's marketplace, which reaches over half a million users and books over 1 million rounds each year. In addition, the partners will collaborate to enhance the efficiency of the golf course management industry by providing a full solution for golf courses and an injection of sales through a next-generation booking process. In March 2021, Callaway Golf, a US-based equipment manufacturing company that designs, manufactures, markets, and sells golf equipment, acquired Topgolf for $2.6 billion. Through this acquisition, Callaway aimed to accelerate its growth, create competitive advantages and establish leadership in the global golf equipment market by combining Topgolf’s revolutionary technology platform and access to golfers of all abilities to its business. Topgolf is a UK-based sport entertainment firm. North America was the largest region in the golf tourism market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in golf tourism market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the golf tourism market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The golf tourism market includes revenues earned by entities by providing services such as leisure tourism, tournament tourism, and business tourism. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The golf tourism market research report is one of a series of new reports from The Business Research Company that provides golf tourism market statistics, including golf tourism industry global market size, regional shares, competitors with a golf tourism market share, detailed golf tourism market segments, market trends and opportunities, and any further data you may need to thrive in the golf tourism industry. This golf tourism market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.