In the present era, golf as a sport is gaining popularity with an increase in disposable income. So, the golf technology is taking an innovative shape with the availability of advanced golf bags. Golfers use golf bags to carry their sports equipment such as balls, gloves, clubs, and other accessories. These bags serve as one-part identities and one-part functions. A few years back, golfers did not have access to different types of golf bags. Instead, they used to carry a heavy bag filled with sport necessities. But in the present time, manufacturers design golf bags that are waterproof and lightweight. There is a wide variety of golf bags such as cart bags, tour bags, staff bags, travel bags, stand nags, waterproof bags, and pencil bags in the golf bags market.
Increasing Tournaments Leading to Increased Bag’s Requirements
During the past few years, there is a remarkable rise in the number of different golf tournaments across the globe. It is one key driver to increase the demand for golf bags. The increased disposable income of customers from developing countries is also attracting their interest in golf activities. Moreover, an increased number of female golf players may expand the demand in the golf bags market. The increasing interest of the audience of golf using online viewing platforms, streaming, and on-air mediums is expected to encourage the expansion of avenues. The manufacturers are planning to launch some innovative and pocket-friendly golf bags in the near future that will provide growth opportunities to the market players. Some players are incorporating technological improvements in production houses.
COVID-19 outbreak is expected to affect the golf bags market in three different ways: direct impact on production, hampering supply chain, and monetary burden on firms. Social distancing has impacted negativity such as travel bans and restaurants and hotels’ closing, etc. Finally, it has resulted in putting adverse effects on the growth in the golf bags market.