The North America Golf Bags Market is projected to witness market growth of 8.7% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 1.40 million units, showcasing a growth of 25.8% (2020-2023).
Soft golf bags in the Golf Bags Market offer a blend of flexibility and lightweight convenience, ideal for golfers who prefer ease of handling and storage. Made from durable fabrics like nylon or polyester, these bags provide ample protection for clubs while allowing for a more compact and adaptable form. Thus, the Canada market is expected to utilize 593.1 thousand units of soft golf bags by 2031.
The US market dominated the North America Golf Bags Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $768.6 million by 2031. The Canada market is experiencing a CAGR of 11.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 10.1% during (2024 - 2031).
The market has witnessed significant growth over the past few decades, driven by factors that reflect broader trends in the sports industry, such as consumer preferences, technological advancements, and economic conditions.
Additionally, golf, a sport traditionally associated with elegance, precision, and exclusivity, has evolved considerably, expanding its reach and appeal to a more diverse demographic. This evolution has catalyzed the demand for golf equipment, particularly golf bags, which are essential for every player, from novices to seasoned professionals.
North America has a well-established and passionate golfing culture. The presence of prestigious tournaments like the Masters and US Open, combined with a large network of golf courses, fosters a strong interest in the sport, driving demand for equipment like golf bags. The United States is North America's largest golf bags market, driven by several key factors. The country boasts over 15,000 golf courses, the highest number, providing ample opportunities for golf enthusiasts to play the sport.
Soft golf bags in the Golf Bags Market offer a blend of flexibility and lightweight convenience, ideal for golfers who prefer ease of handling and storage. Made from durable fabrics like nylon or polyester, these bags provide ample protection for clubs while allowing for a more compact and adaptable form. Thus, the Canada market is expected to utilize 593.1 thousand units of soft golf bags by 2031.
The US market dominated the North America Golf Bags Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $768.6 million by 2031. The Canada market is experiencing a CAGR of 11.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 10.1% during (2024 - 2031).
The market has witnessed significant growth over the past few decades, driven by factors that reflect broader trends in the sports industry, such as consumer preferences, technological advancements, and economic conditions.
Additionally, golf, a sport traditionally associated with elegance, precision, and exclusivity, has evolved considerably, expanding its reach and appeal to a more diverse demographic. This evolution has catalyzed the demand for golf equipment, particularly golf bags, which are essential for every player, from novices to seasoned professionals.
North America has a well-established and passionate golfing culture. The presence of prestigious tournaments like the Masters and US Open, combined with a large network of golf courses, fosters a strong interest in the sport, driving demand for equipment like golf bags. The United States is North America's largest golf bags market, driven by several key factors. The country boasts over 15,000 golf courses, the highest number, providing ample opportunities for golf enthusiasts to play the sport.
List of Key Companies Profiled
- Acushnet Holdings Corp. (Magnus Holdings Co., Ltd)
- Topgolf Callaway Brands Corp.
- Taylor Made Golf Company, Inc. (CENTROID Investment Partners)
- PING, Inc.
- Mizuno Corporation
- Amer Sports
- Sun Mountain Sports, Inc. (SOLACE CAPITAL PARTNERS, LLC)
- Nike, Inc.
- Motocaddy
Market Report Segmentation
By Type(Volume, Thousand Units, USD Billion, 2020-2031)- Soft
- Hard
- Stand Bag
- Cart Bag
- Tour Bag
- Travel Bag
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Golf Bags Market by Type
Chapter 5. North America Golf Bags Market by Product
Chapter 6. North America Golf Bags Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Acushnet Holdings Corp. (Magnus Holdings Co., Ltd)
- Topgolf Callaway Brands Corp.
- Taylor Made Golf Company, Inc. (CENTROID Investment Partners)
- PING, Inc.
- Mizuno Corporation
- Amer Sports
- Sun Mountain Sports, Inc. (SOLACE CAPITAL PARTNERS, LLC)
- Nike, Inc.
- Motocaddy
Methodology
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