The Golf Balls Market in India has shown fluctuating dynamics from 2012 to 2022. Starting at $5.3767 million in 2012, it experienced increases until 2014, then faced a decline before somewhat stabilizing around $5.1714 million in 2022. The year-on-year variation indicates volatile changes: notable growths in 2013 and 2014 (6.25% and 10.71% respectively), followed by significant drops in 2015 (-14.89%) and 2016 (-7.69%). The market slightly recovered in subsequent years with minor growths and a relatively stabilized CAGR of -0.12% in 2022. The last two years highlighted minimal contractions, with 2021 presenting a marginal decline of -0.57% and 2022 showing a slight dip of -0.33%.
Future trends to watch for include advancements in golf ball technology, increased sports tourism, and the growing influence of golf as a leisure activity. Enhanced focus on eco-friendly golf balls could also shape market trends. Industry stakeholders should monitor these developments to leverage opportunities for growth in the Indian market.
