The Canadian Golf Clubs market has seen a varied trend over the years. The market size value decreased steadily from 2012 to 2016, hitting its lowest in 2016. However, from 2017 onwards, there were gradual improvements with peak years noted around 2020. Despite year-on-year fluctuations, with notable declines around 2021 and 2022, the market exhibited resilience.
Key Variations:
- 2012: Increased by 1.13% year-on-year
- 2013: Decreased by 3.72% year-on-year
- 2014: Decreased by 3.86% year-on-year
- 2015: Decreased by 3.86% year-on-year
- 2016: Decreased by 26.39% year-on-year
- 2017: Increased by 0.92% year-on-year
- 2018: Increased by 0.91% year-on-year
- 2019: Increased by 7.75% year-on-year
- 2020: Increased by 7.19% year-on-year
- 2021: Decreased by 6.38% year-on-year
- 2022: Decreased by 2.37% year-on-year
Over the five-year period, the market exhibited an average annual variation around 1.27%, signalling a gradual but steady recovery post-2016 crash.
Looking ahead, significant trends to watch for include advancements in golf technology, increased interest in golf tourism, and the potential impact of demographic shifts as younger generations take up the sport. Sustainability and eco-friendly product demands might further influence market dynamics in the forthcoming years.
How does Canada rank in Golf Clubs Market Size Value?
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 3,365,800,000 | 2023 | +0.53% | +0.22% | View data |
| 2 | 2 United Kingdom | 585,260,000 | 2023 | -0.46% | -0.27% | View data |
| 3 | 3 Canada | 226,770,000 | 2023 | -7.37% | -1.44% | |
| 4 | 4 Australia | 143,780,000 | 2023 | -1.57% | -1.49% | View data |
| 5 | 5 France | 91,193,000 | 2023 | -2.04% | -0.21% | View data |
