Golf Bags Market Analysis

Golf Bags Market Analysis

To get key market trends

  Download Free Sample

Based on the type, the market is divided into cart bags, stand bags, staff bags, carry bags, and others. Cart bags segment exceeded USD 427 million in 2023 and is expected to reach USD 752 million by 2032. Cart bags offer more storage space and organizational features compared to other types of golf bags. They often feature multiple pockets including large apparel pockets, insulated cooler pockets, and accessory pockets, allowing golfers to carry all their essentials and gear comfortably.
 

Cart bags are designed with features that enhance stability on golf carts such as cart strap pass-throughs and molded bases. This ensures that the bag remains securely in place during transit. Additionally, the design of cart bags often allows for easy access to clubs while on the cart, making it convenient for golfers to retrieve and replace clubs during their rounds.
 

Based on the price category, the golf bags market is categorized into high/premium, medium, and low. In 2023, the medium segment accounted for a market share of about 48% and is expected to gain a market share of 52% by 2032. Medium-priced golf bags offer a good balance between quality and affordability. They provide adequate features, durability, and functionality without being overly expensive, making them attractive to a wide range of golfers.
 

Additionally, consumers often associate medium-priced products with better quality compared to lower-priced options. Golfers may be willing to spend a premium on a bag that meets their needs in terms of durability, storage capacity, and style. Most golfers fall into the category of casual or recreational players who do not necessarily need the highest-end equipment but want something reliable and functional. Medium-priced bags cater to this demographic, driving demand in this price segment.
 

North America dominated the global golf bags market, generating about USD 430 million in 2023. North America has a significant population of golf enthusiasts. The U.S. has many golf courses and players. This large customer base creates a robust market for golf-related products including golf bags. Golf has a long-standing tradition and a strong cultural presence in North America, especially in the U.S.
 

This cultural affinity toward golf encourages a steady demand for golf equipment, propelling the market for golf bags. North America hosts numerous professional golf tournaments including PGA Tour events. These tournaments provide exposure to golf equipment brands, further strengthening their presence in the market. Additionally, sponsorship deals with professional golfers and endorsement by celebrities contribute to the visibility and popularity of golf bags in the region.