Latin America Golf Bag Market Size & Outlook, 2023-2030

The golf bag market in Latin America is expected to reach a projected revenue of US$ 72.5 million by 2030. A compound annual growth rate of 8.8% is expected of Latin America golf bag market from 2024 to 2030.
Revenue, 2023 (US$M)
$40.2
Forecast, 2030 (US$M)
$72.5
CAGR, 2024 - 2030
8.8%
Report Coverage
Latin America

Latin America golf bag market highlights

  • The Latin America golf bag market generated a revenue of USD 40.2 million in 2023.
  • The market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
  • In terms of segment, stand/carry bag was the largest revenue generating product in 2023.
  • Tour Bag is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 40.2 million
Market revenue in 2030USD 72.5 million
Growth rate8.8% (CAGR from 2023 to 2030)
Largest segmentStand/carry bag
Fastest growing segmentTour Bag
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCart/Trolley Bag, Stand/Carry Bag, Tour Bag, Travel Bag, Pencil Bag
Key market players worldwideAcushnet Holdings Corp, Topgolf Callaway Brands Corp, TaylorMade Golf, Ping An Insurance (Group) Co. of China Ltd ADR, Mizuno Corp, Puma SE, Amer Sports Inc


Other key industry trends

  • In terms of revenue, Latin America region accounted for 3.2% of the global golf bag market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 449.9 million by 2030.

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Golf Bag Market Companies

Name Profile # Employees HQ Website

Latin America golf bag market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to golf bag market will help companies and investors design strategic landscapes.


Stand/carry bag was the largest segment with a revenue share of 46.77% in 2023. Horizon Databook has segmented the Latin America golf bag market based on cart/trolley bag, stand/carry bag, tour bag, travel bag, pencil bag covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Latin America golf bag market databook

  • Our clientele includes a mix of golf bag market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America golf bag market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America golf bag market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America golf bag market size, by country, 2018-2030 (US$M)

Latin America Golf Bag Market Outlook Share, 2023 & 2030 (US$M)

Latin America golf bag market size, by country, 2018-2030 (US$M)

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