In 2023, the New Zealand golf clubs market was valued at $25.543 million, marking a 1.46% year-on-year decrease. Over the past decade, the market has seen fluctuations, notably a significant decline in 2015. The last five years showed a slight average annual contraction with a CAGR of -0.77%. Despite some recovery post-2015, 2020 brought a downturn possibly due to the pandemic, with minor improvements in subsequent years.
Future trends to watch for include:
- Potential growth driven by increased health and wellness activities post-pandemic.
- Technology advancements in club design enhancing product offerings.
- Rising environmental concerns influencing sustainable practices in manufacturing.
- Innovations aimed at attracting younger demographics to the sport.
How does New Zealand rank in Golf Clubs Market Size Value?
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 3,365,800,000 | 2023 | +0.53% | +0.22% | View data |
| 2 | 2 United Kingdom | 585,260,000 | 2023 | -0.46% | -0.27% | View data |
| 3 | 3 Canada | 226,770,000 | 2023 | -7.37% | -1.44% | View data |
| 4 | 4 Australia | 143,780,000 | 2023 | -1.57% | -1.49% | View data |
| 5 | 5 France | 91,193,000 | 2023 | -2.04% | -0.21% | View data |
| 7 | 7 Germany | 75,084,000 | 2023 | -0.17% | +0.15% | View data |
| 8 | 8 Switzerland | 31,520,000 | 2023 | -1.85% | -1.05% | View data |
| 9 | 9 New Zealand | 25,543,000 | 2023 | -1.46% | -0.77% | |
| 10 | 10 Thailand | 25,378,000 | 2023 | -5.08% | -1.84% | View data |
| 11 | 11 Ireland | 21,512,000 | 2023 | -0.34% | -0.079% | View data |
