Golf equipment sales in the US experienced a decline from 2013 to 2023, reducing from $3.135 billion to $2.1189 billion in 2023. The market saw an average annual decrease of -1.94% (CAGR) over the past five years. The year-on-year variation over the last two years was -1.93% in both 2022 and 2023. Foreseeing an additional -1.72% average annual decline, sales are expected to fall to $1.9007 billion by 2028, marking an overall reduction of -8.31% over the next five years.

Key future trends to watch for:

Technological advancements in golf equipment that could drive renewed interest.
Potential demographic shifts as younger generations may either embrace or distance themselves from golf.
Changes in lifestyle and leisure activities post-pandemic affecting golf participation.
Economic factors and disposable income shifts impacting consumer spending on golf-related products.