The Golf Equipment (excluding balls and clubs) market size value per capita in New Zealand remained relatively stable in recent years, with a constant value of $1.79 from 2019 to 2023. Over the last two years, there has been no variation. Looking at the compound annual growth rate (CAGR) over the last five years reveals an average annual decrease of approximately 0.14% since the value decreased slightly from $1.86 in 2018.

Future trends to watch for include:

The potential impact of emerging technologies on equipment design.
Changing consumer preferences towards sustainability and eco-friendly products.
The influence of economic factors and disposable income on leisure spending, including golf equipment purchases.