As of 2023, the market size value per capita for golf equipment, excluding golf balls and clubs, in Canada stood at approximately $2.23. The forecasted data from 2024 to 2028 indicates a stable trend, with only a slight decrease from $2.23 to $2.22 USD per capita. The year-on-year variation is minimal, showcasing a stable market with nearly no growth or decline over the forecast period. The compound annual growth rate (CAGR) is effectively flat, reflecting a mature market.
Future trends to watch for include potential innovations in golf technology and accessories that may revive consumer interest or shifts in economic conditions that could affect disposable income and spending patterns on leisure activities such as golf.
