In 2023, the Golf Balls Market Size Value in India stood at 5.2903 million US dollars. Over the past two years, the market has seen a modest year-on-year growth rate of approximately 0.45%, and a five-year compounded annual growth rate (CAGR) of 0.32%.
Looking forward to 2028, we forecast an average annual growth rate of 0.34%, signaling a stable but slow growth trajectory. The five-year forecasted overall growth rate stands at approximately 1.72%, indicating a steady market presence with minimal fluctuations.
Future trends to watch for:
- Emerging technology in manufacturing processes improving performance and durability.
- Increasing popularity of golf as a leisure and professional sport in urban centers.
- Potential fluctuations in consumer spending and economic conditions affecting discretionary purchases.