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Golf Bags Market To Reach USD 1.76 Billion By Year 2032

The Global Golf Bags market size was valued at USD 1.06 billion in 2023, and is projected to reach USD 1.76 billion by 2032, registering a CAGR of 5.8% from 2024 to 2032.

13-05-2024
Swati Kalagate
Consumer Goods and Retail Industry
Pristine Intelligence LLP

According to a new report published by Pristine Intelligence LLP, titled, “Golf Bags Market by Type, Price Category, Distribution Channel, and End-User: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the Global Golf Bags market size was valued at USD 1.06 billion in 2023, and is projected to reach USD 1.76 billion by 2032, registering a CAGR of 5.8% from 2024 to 2032. A golf bag is a specific bag made for transporting golf clubs and other necessary golfing equipment. Golf bags are primarily designed to safely carry and safeguard golf clubs while traveling and playing golf. They often include separate compartments to keep each club organized, along with space for storing various golf accessories and personal items like balls, tees, gloves, water bottles, keys, wallets, and phones to prevent them from getting damaged.

These bags are equipped with a Portable feature, allowing for easy transport throughout the golf course. They have cushioned straps for convenient carrying and are available in various designs such as shoulder bags or stand bags. Golf bag design is focused on providing swift and easy access to essential equipment while on the course.

The rise in popularity of golf as both a competitive sport and recreational pastime has resulted in a growing global community of golf players who now need essential equipment such as golf bags to transport their clubs. the growing popularity of golf as a social pastime has led to increased involvement in the sport.A lot of professionals and executives engage in golf to strengthen their connections and hold business discussions. Both professional golf tournaments and televised events have had a significant impact on increasing interest in golf, enhancing the golfing experience, and leading to a rise in both participation and the golf bag market.

The growing desire to play golf results in a greater requirement for golf gear and golf bags. Golf courses should take advantage of promotions by providing personalized golf bags with their logo or branding to members and visitors for marketing purposes. This will provide golfers with a one-of-a-kind and unforgettable experience that will encourage them to return. Collaboration between golf courses and golf bag manufacturers can lead to tailored marketing initiatives, price reductions, and exclusive events to promote the use of premium golf bags. This can foster mutual understanding and enhance their partnership.

Global Golf Bags Market, Segmentation

The Golf Bags market is segmented based on Type, Sharing System, User Type, and region.

Type:

Cart bags are specially made for golf carts, increasing their convenience and popularity with golfers. The Cart bag is the ideal choice for transporting extra gear, as it is bigger and heavier than other golf bag varieties. It also features extra pockets for accessories, snacks, and drinks. Additionally, these bags typically have multiple club compartments and dividers for convenience and protection during transportation.

They provide greater storage capacity compared to other golf bags, enabling golfers to carry extra items like clothes, rain gear, and umbrellas. This extra space in just one bag is enough, eliminating the need for additional backpacks.
Therefore, golfers who frequently play tend to choose cart bags for their durability, protection, and additional features like rain hoods and padding that ensure long-lasting safety during transportation.

Price Category:

The mid-range market strikes a balance between cost and the standard of products. Golfers seeking longevity and quality features also desire to remain within a reasonable budget, leading them to gravitate toward the mid-range price category.
These bags provide satisfactory materials, excellent functionality, and appealing designs at an affordable price. These bags are appropriate for both novice and intermediate players.

The medium-price segment also includes offerings from very well-known and reputable golf bag brands. These brands produce reliable and durable golf bags, making them a trusted choice among golfers. This segment also has huge demand in the market

Region:

North America boasts a substantial and well-established golfing population, with many golf courses and clubs attracting a large number of players in the region. The rising popularity of the sport is driving the demand for golf bags in this market due to high disposable incomes in the area.

This area has a thriving Sports sector, with highly recognized companies that specialize in manufacturing golf bags. Due to the well-established infrastructure in this area, including wide distribution and retail channels, consumers will have easy access to golf bags, strengthening North America's lead in the market.

Some of The Active Market Players Are-

    • Callaway Golf Company (USA)
    • Taylormade Golf Company (USA)
    • Titleist (Acushnet Company (USA)
    • Ping (USA)
    • Mizuno Corporation (Japan)
    • Adidas Ag (Germany)
    • Puma Se (Germany)
    • Bridgestone Golf (USA)
    • Cobra Golf (USA)
    • Wilson Sporting Goods (USA)
    • Nike, Inc. (USA)
    • Sun Mountain Sports (USA)
    • Ogio International (USA)
    • Srixon (Sri Sports Limited) (Japan) and Other Active Players.

Key Industry Developments

In April 2024, TaylorMade launched New Utility Irons that has a feature contemporary design with a pearl satin finish and mirror black ridge Centre of Gravity through shaping with a slightly taller toe height, with more back bar visible from the address and a lower face profile that helps drive CG low in the clubhead for easier launch.

Key Findings of the Study 

  • Global Golf Bags market growth driven by Rising Participation in Golf by which Golf Bags Market increases.
  • Collaboration With Golf Courses for Promotional Tie-Ins offers a significant opportunity for Golf Players.
  • Cart bags are specifically designed for the use of golf carts, which makes them more convenient and popular among golfers
  • The Manufacturers understand that a significant portion of the target audience falls within the Medium Price Range, which is making them focus on developing and marketing golf bags in this segment
Pristine Intelligence LLP

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