Golf Bags Market To Reach $2.32 Billion By 2030 | CAGR: 9.5%

Golf Bags Market Growth & Trends

The global golf bags market size is expected to reach USD 2.32 billion by 2030, growing a CAGR of 9.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Changing consumer preferences and lifestyle trends also play a role in shaping the golf bag market. Golfers today prioritize convenience, versatility, and style when choosing bags, leading to a demand for bags that offer features such as easy accessibility, ample storage, and fashionable designs. Manufacturers respond to these preferences by offering a wide range of bag types, styles, and customization options to cater to the diverse tastes and needs of golfers

Moreover, the rise of golf tourism and destination golfing experiences has created additional opportunities for growth in the market. Golfers traveling to golf destinations or participating in golf vacations seek bags that are durable, portable, and suitable for travel, driving demand for specialized travel bags and accessories. This trend is expected to continue as golf tourism continues to expand globally, presenting manufacturers with opportunities to capitalize on the growing market for travel-friendly hard golf bags. For instance, according to AGIC Economic Impact Report 2023, golf tourism-related expenditure increased from USD 25.7 billion in 2016 to USD 31 billion in 2023.

Technological advancements also drive the market by enabling manufacturers to develop bags with innovative features and materials. Lightweight durable materials such as carbon fiber, nylon, and high-tech fabrics have revolutionized the design of golf bags, making them more functional and comfortable for golfers to use on the course. Additionally, advancements in ergonomic design, storage solutions, and customization options further enhance the appeal of golf bags among consumers seeking equipment that meets their specific needs and preferences.

Furthermore, the influence of professional golf tournaments and endorsements from top players contribute to the demand for golf bags. Golfers often look to professional players for inspiration and guidance when selecting equipment, including bags, which can lead to increased sales of bags endorsed or used by their favorite pros. Additionally, the exposure generated by televised tournaments and sponsorships helps elevate the profile of certain brands and models, driving consumer interest and sales in the market.

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Golf Bags Market Report Highlights

• The tour bags segment is expected to witness significant growth from 2024 to 2030. The demand for tour golf bags is primarily driven by professional and serious amateur golfers who prioritize premium quality, functionality, and prestige. These bags offer ample storage space, specialized club organization, and durable construction, meeting the rigorous demands of competitive play while providing accessory that aligns with the elite status of professional golfers.

• Soft golf bags dominated the golf bag market in 2023. The demand for soft golf bags is primarily driven by golfers seeking portability, versatility, and ease of use on the course. Soft golf bags offer lightweight and flexible designs that make them convenient for golfers who prefer to walk the course.

• Asia Pacific is expected to grow at a significant growth rate from 2024 to 2030. The development of world-class golf courses, the rise of professional golf tournaments, and the increasing presence of international golf brands contribute to the demand for golf bags in Asia Pacific.

Golf Bags Market Segmentation

Grand View Research has segmented the global golf bags market based on product, type, and region:

Golf Bags Product Outlook (Revenue, USD Million, 2018 - 2030)

• Cart Bag

• Stand Bag

• Tour Bag

• Travel Bag

• Pencil Bag

Golf Bags Type Outlook (Revenue, USD Million, 2018 - 2030)

• Hard

• Soft

Golf Bags Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Australia & New Zealand

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

  • UAE

List of Key Players in the Golf Bags Market

• Acushnet Company (Titleist)

• Callaway

• TaylorMade Golf

• Ping

• Mizuno

• COBRA Golf, Inc.

• Wilson Sporting Goods

• Sun Mountain Sports

• Ogio

• Motocaddy