Global Golf Bags Market – Introduction
Golf bags are used by golfers to carry golf equipment such as clubs, balls, gloves, and other accessories. Earlier, golfers did not have many options in golf bags, forcing them to heave around extremely heavy golf bags. Now, golf bag manufacturers are designing light-weight and water-proof bags for golfers. The different types of golf bags available in the market include cart bags, stand bags, staff bags, and carry bags.
Golf courses have been closed since most people are practicing home isolation due to the COVID-19 pandemic, and federal governments of various countries have imposed lockdown. This is projected to hamper the sale of golf bags in the year 2020. However, online sale of golf bags and equipment is projected to rise during the forecasted timeline due to the pandemic.
Increase in popularity of golf and number of participants in developing countries
Rapid increase in popularity of golf as a sport in emerging economies such as South Korea, Japan, and China is projected to lead to rising usage of golf bags in the near future. Increasing participation of female golfers is also a positive sign for the expansion and growth of the golf bags market. Consumers are exploring a wide range of golf bags made of different materials such as leather available in the market. Increase in golf tourism is also anticipated to be a prominent reason that may surge the sale of golf bags during the forecast period.
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Rising trend of selling golf bags and other exclusive range of golf equipment and accessories through online portals, especially company-owned websites and e-commerce websites as well as by regional or local online retailers across the world is anticipated to offer huge opportunities for producers, suppliers, and retailers of golf bags during the forecast period. Manufacturers and distributors are also offering discounts and attractive schemes to drive the sale of golf bags and to enhance the profitability of their business.
North America Considered to be the Largest Market for Golf Bags
Geographically, the global golf bags market can be divided into five regions: North America, Europe , Asia Pacific, Middle East & Africa, and South America
Country-level bifurcation of the North America market includes the forecast and analysis for the U.S., Canada, and Rest of North America. The country-level analysis and forecast for the Europe market includes historical and forecast analysis for the U.K., Germany, France, and Rest of Europe. The country-level analysis and forecast for the Asia Pacific market covers major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast for the golf bags market includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America golf bags market is categorized into Brazil, and Rest of South America.
North America accounted for major share of the golf bags market in 2019. The market in North America is anticipated to grow at a significant rate during the forecast period due to rising popularity of golf and sale of golf equipment in the U.S., and Canada.