Between 2013 and 2023, the Swiss market for golf equipment, excluding balls and clubs, saw a downward trend in per capita value from $2.28 to $1.60. Year-on-year declines have been observed over the past two years, with a decrease of 2.4% from 2022 to 2023 and 2.4% from 2021 to 2022. The compound annual growth rate (CAGR) over the past five years is approximately -3.9%, indicating a consistent decline in market value.
Future trends to watch for:
- Increased interest in digital and eco-friendly golf technology could influence market dynamics.
- Potential market recovery if golf's popularity rises or through innovations in accessories.
- Changes in Swiss lifestyle and leisure spending impacting buying behaviors.