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 2024. However, online sale of golf bags and equipment is projected to rise during the forecasted timeline due to the pandemic.
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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.
Key Players Operating in the Golf Bags Market
Prominent golf bag companies are projected to face tough competition during the forecast period. Companies such as Callaway Golf Company, Roger Cleveland Golf Company, Inc., VESSEL, and Acushnet Company are investing extensively in research & development to make new and innovative golf bags and launch exclusive range golf bags and other accessories. Companies are spreading awareness and conducting promotional drives to increase the sale of golf bags in emerging economies of the globe.
Some of the key players operating in the global golf bags market include:
- Callaway Golf Company
- Acushnet Company
- Roger Cleveland Golf Company, Inc.
- TaylorMade Golf, Ltd.
- Mizuno Golf
- Dongguan Fortune Golf Handbag Co., Ltd
- VESSEL
- Real Leather Studio
- BELDING
- Forgan St Andrews
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Global Golf Bags Market – Research Scope
Global Golf Bags Market, by Product Type
- Cart Bags
- Stand Bags
- Staff Bags
- Carry Bags
- Others (Travel Bags etc.)
Global Golf Bags Market, by Price Category
- High/Premium
- Medium
- Low
Global Golf Bags Market, by Distribution Channel
- Offline
- Specialty Stores
- Drug Stores
- Hypermarket/Supermarket
- Online
- Company-owned Website
- E-commerce Websites
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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