Europe Golf Apparel, Footwear, and Accessories Market is Prospering by , Size, Share, Emerging Trends,

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Europe Golf Apparel, Footwear, and Accessories Market is Prospering by , Size, Share, Emerging Trends, Historic Analysis and Industry Growth Factors

The Europe
golf apparel, footwear, and accessories market is projected to increase at
a CAGR of 4.3 percent by 2029,
reaching a value of USD 3,845.29 million.
The report on the European golf apparel, footwear, and accessory industry also
includes in-depth talks of pricing analysis, patent analysis, and technological
advancements.

Customers may purchase the greatest golf apparel and
accessories on a local and international level thanks to businesses. These
manufacturers and suppliers of golf equipment, footwear, and accessories
provide a wide range of product kinds and pricing points. It is projected that
the market for golf-related apparel, equipment, and accessories in Europe would
expand and advance. The development of e-commerce and other online platforms
has also contributed to the rise of golf equipment, footwear, and accessories
in Europe.

The third-party logistics (3PL) market for e-commerce has
continued to develop significantly as retailers increasingly rely on Amazon and
third-party logistics providers to assist manage Omni channel and e-commerce
operations. Demand for both e-Commerce and ride hailing, which include food
delivery services, has increased due to their quick adoption and major changes
in consumer behaviour.

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Some of the major
players operating in the Europe golf apparel, footwear, and accessories market
are:

Taylor Made Golf Co,
Acushnet Holdings Corp, KERING, RALPH LAUREN, Decathlon, FILA HOLDING CORP,
YONEX CO LTD., DUCA DEL COSMA, Nike
Inc., Under Armour Inc., ASICS Corporation, Amer Sports, Mizuno Corporation,
Adidas AG, Sumitomo Rubber Industries
Ltd., Bridgestone Golf Inc., PING, COBRA GOLF (PUMA GOLF) among others.

Drivers

Development and rise in third party logistics market
globally

Today, almost all in the world can start an online retailing
business and use a third-party logistics company to ensure that their products
are delivered to their respective customers quickly. Even Amazon used
third-party logistics companies when it started until it grew large enough to
have its own logistics division. Numerous top 3PL warehousing companies handle
today's logistics.

Third-party logistics, or 3PL, is emerging as a key driver
for the growth of e-commerce players as they seek to develop core competencies
as retailers while outsourcing logistical requirements. A giant player such as
Flipkart has diversified into logistics with Ekart and partnerships with
MapmyIndia and Blackbuck; Snapdeal has acquired Gojavas, and Amazon runs with
support from BASIX.

Rise of e-commerce and other online platforms

E-commerce or electronic commerce is the buying and selling
goods and services over an electronic network or online platform, primarily the
internet. In recent times, the widespread use of E-commerce platforms such as
Amazon, Flipkart, and eBay has contributed to substantial growth in online
buying and selling goods. This has provided a platform for consumers to
purchase products freely and use them according to their requirements.

According to UN trade and development experts (UNCTAD), the
E-commerce sector rose from 16 % to 19 % in 2020. During COVID, it reached USD
26.7 trillion. Another survey by WPForms, LLC. 59% of generation Y
(Millennials) prefer to purchase products online, and 93.5% of Europe internet
users have purchased products online. The same survey also points out that 57%
of online users purchase products from overseas retailers, which the 3PL
services providers transport.

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Opportunities

Rise in golf tourism across the globe

Golf tourism is a trip undertaken by an individual whose
main motive is to play golf professionally or for fun. Golf may also be viewed
as a secondary activity (for instance, someone on a beach holiday playing a
round during their vacation). Golf tourism has become one of the biggest
sectors of the travel industry, with hundreds of thousands of golf tourists
taking trips yearly to fantastic destinations and well-known courses to combine
their hobbies with a vacation.

Post COVID-19 Impact on Europe Golf Apparel, Footwear,
and Accessories Market

COVID-19 created a negative impact on the Europe golf
apparel, footwear, and accessories market due to shutdown of gym and fitness
clubs during this period.

The COVID-19 pandemic has impacted the Europe golf apparel,
footwear, and accessories market to an extent in negative manner. However,
surge in demand for stylish, comfortable and custom build sports products is
expected to acts as a driving factor for the growth of the market and also has
helped the market to grow during and after the pandemic. Also, the growth has
been high after the market has opened after COVID-19, and it is expected that
there would be considerable growth in the sector.

In October 2022, Decathlon Company organized the 'Reveal
Innovation' annual event presenting its most significant innovations, some of
which have changed and modernized the practices of hundreds of athletes!
DECATHLON designed this event more digitally, proving that the company is
significantly innovating its brands and products.

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Europe Golf Apparel, Footwear, and Accessories Market
Scope

BY PRODUCT