In 2023, household expenditure on charges for playing and practicing golf in Japan stood at 5.78 thousand Japanese Yens. The forecast from 2024 to 2028 indicates a declining trend, with values decreasing from 5.46 thousand Yens in 2024 to 4.23 thousand Yens in 2028. This reflects an overall negative compound annual growth rate (CAGR) over the five-year period.
Key trends to watch for:
- Potential changes in consumer leisure preferences could further impact golf-related spending.
- The aging population may alter market dynamics, possibly leading to demand fluctuations.
- Developments in alternative leisure activities and economic conditions could influence future expenditure patterns.