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Golf Bags Market Size

  • Report ID: GMI8682
  • Published Date: Mar 2024
  • Report Format: PDF

Golf Bags Market Size

Golf Bags Market size was valued at USD 1.02 billion in 2023 and is anticipated to register a CAGR of 5.6% between 2024 and 2032. Golf bags are essential accessories for golfers, alongside clubs, balls, apparel, and other equipment. As such, sales of golf bags often go hand in hand with sales of other golf equipment and supplies as golfers need a suitable bag to carry and protect their gear.


Therefore, the market growth directly contributes to the growth of the broader equipment and supplies market. The integration of technology into golf bags, such as GPS systems, Bluetooth connectivity, and USB charging ports, enhances the user experience and adds value to the product. Golfers are increasingly willing to invest in technologically advanced equipment, contributing to market expansion.

Increased consumer spending on golf-related products will drive the golf bags market growth. This heightened spending is indicative of a healthy golf industry as more people participate in the sport and invest in equipment. As a result, manufacturers and retailers of golf equipment and supplies benefit from higher sales volumes and revenue. Golf bags are highly visible items on the golf course, often displaying prominent branding and logos.

Companies invest in sponsorship deals with professional golfers or events to showcase their brands on golf bags. This visibility promotes the bags along with contributing to brand recognition and association with quality and performance across the entire equipment and supplies market. A well-received and popular golf bag can positively impact the perception of a brand's other products, leading to increased sales in other equipment categories.

Golf is considered a seasonal sport, with peak demand typically occurring during warmer months in regions with temperate climates. This seasonal nature of the sport can result in fluctuations in the demand for golf bags, affecting sales and revenues for manufacturers and retailers.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The golf bags industry was valued at USD 1.02 billion in 2023 and is anticipated to register a CAGR of 5.6% during 2024-2032, owing to the increased consumer spending on golf-related products.

Cart bags segment accounted for a revenue of USD 427 million in 2023 and is expected to reach USD 752 million by 2032 as they offer more storage space and organizational features compared to other types of golf bags.

North America dominated the global golf bags market, generating about USD 430 million in 2023 and will continue to see impressive growth trends through 2032, as the region has a significant population of golf enthusiasts, and it hosts numerous professional golf tournaments including PGA Tour events.

Adidas, Callaway Golf, Cleveland, Cobra Golf, Honma, Mizuno, Nike Golf, OGIO, Ping, PUMA SE, Sun Mountain, and Sunny Haha among others.

Golf Bags Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 212
  • Countries covered: 24
  • Pages: 182
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