The golf balls market size in the Netherlands stood at 34.343 million USD in 2023. Over the past decade, the market has experienced fluctuating growth and decline. After a significant drop from 2014 to 2018, the market saw a brief resurgence in 2019 but continued to decline thereafter. Year-on-year percentages demonstrate this variability, with a notable rebound in 2019, and subsequent annual decreases leading to 2023. The last two years showed a contraction of approximately 1.5%, and a CAGR over the past five years revealing minimal growth at 0.03%.
Forecast data from 2024 onwards predict a continued decline at an average CAGR of -1.29% over the next five years, culminating in a total decrease of around 6.26% by 2028.
Future Trends to Watch for:
- Market stabilization post-2025 could signify changes in consumer behavior or economic shifts affecting golf participation rates.
- The impact of technological innovations in golf ball manufacturing, potentially leading to shifts in product demand.
- Environmental considerations influencing the adoption of more sustainable or eco-friendly golf balls.
- Demographic changes and the rise of new sporting trends that could impact traditional golf market trajectories.
