The Golf Clubs market size in Chile was valued at 4.3224 million USD in 2023, showing a modest increase of 0.46% from the previous year. The market exhibited fluctuations in growth rates over the past decade, with notable high points in 2016 and 2018. The last two years saw minimal year-on-year growth, marking a period of stability. The five-year CAGR as of 2023 was -0.75%, indicating a slight decline over this period. However, the forecast for the next five years projects a more positive trajectory with a 5-year CAGR of 0.37%, culminating in a market size of 4.4256 million USD by 2028.
Future trends to watch for include:
- Continued recovery post-pandemic with likely moderate growth.
- Impact of economic shifts and consumer spending patterns on luxury sports goods.
- Potential influence of emerging market trends and technological advancements in golf equipment.
- Changing demographics and increased interest in golf among younger populations.