Golf Bags market to reach USD 1,700.74 million by 2030, and is expected to undergo a CAGR of 3.10%, size, Trends

Golf bags play a crucial role in enhancing the golfer's overall experience on the course by providing convenience, organization, and protection for their essential golf gear. The increase in popularity of golf as a sport, especially in emerging economies such as South Korea, Japan, and China, is one of the major factors driving the growth of the global golf bag market. The increase in the sale of golf bags and other exclusive range of golf equipment and accessories via online portals, especially e-commerce websites and company-owned websites along with regional or local online retailers accelerate the global market growth.

Data Bridge Market Research analyses that the golf bags market which was USD 1,332.20 million in 2022, is expected to reach USD 1,700.74 million by 2030, and is expected to undergo a CAGR of 3.10% during the forecast period of 2023 to 2030.  "Staff bags" dominate the type segment of the global golf bags market due to it offers golfers ample storage and organization with multiple pockets and dividers. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-golf-bags-market 

Market Definition

Golf bags are specialized equipment carriers designed for the convenience of golfers while navigating the golf course. These bags serve as the central storage and transportation unit for a golfer's essential equipment, including golf clubs, golf balls, tees, gloves, rangefinders, and other accessories. Golf bags are characterized by multiple pockets and dividers, making it easy for golfers to organize and access their equipment. They often feature comfortable straps or handles for carrying and may include additional compartments for valuables, clothing, and refreshments.

Some of the major players operating in the global golf bags market are:

Callaway Golf Company (U.S.)
Acushnet Company (U.S.)
Roger Cleveland Golf Company, Inc. (U.S.)
Taylor Made Golf (U.S.)
MIZUNO GOLF (U.S)
Dongguan Fortune Golf  Handbag CO.,LTD (China)
VESSEL CO.,INC. (U.S.)
Real Leather Studio (U.K.)
Belding Golf Bag Company (U.S.)
Forgan's St Andrews (U.K.)
Amer Sports (Finland)
Bridgestone Golf (U.S.)
PUMA SE (Germany)
RALPH LAUREN (U.S.)
Under Armour, Inc. (U.S.)
Sumitomo Rubber Industries, Ltd. (Japan)
Nike, Inc. (U.S.)
Adidas Group (Germany)
PING (U.S.)
Global Golf Bags Market Scope

The global golf bags market is segmented on the basis of product type, price category, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

Cart Bags
Stand Bags
Staff Bags
Carry Bags
Others

Price Category

High/Premium
Medium
Low

Distribution Channel

Offline
Specialty Stores
Drug Stores
Hypermarkets/Supermarkets
Online
Company-Owned Websites
E-Commerce Websites

Opportunity

Increasing Awareness of Environmental Issues

Embracing sustainability allows golf bag manufacturers to tap into a growing customer base of environmentally conscious golfers. This expanding segment of the market seeks products that align with their values, creating a new target audience. Sustainability encourages product innovation. Manufacturers can explore new, eco-friendly materials, technologies, and designs that differentiate their golf bags in the market. This innovation can lead to unique selling points and increased sales.

Incorporating sustainability into the global golf bags market presents a range of opportunities for manufacturers to align with consumer preferences, drive innovation, and enhance their brand reputation. As sustainability continues to gain prominence, these opportunities are likely to grow and evolve.

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This release was published on openPR.