The Canadian golf equipment market, excluding golf balls and clubs, was valued at approximately 84.983 million USD in 2023. Over the last decade, the market displayed fluctuating growth. Following a peak in 2017 and a subsequent decline, the market stabilized with a CAGR of 0.51% over the past five years. Year-on-year growth has been modest recently, with increases of 0.48% in 2022 and 0.47% in 2023, indicating a steady but slow rise in market size.
Future trends to watch for include:
- Increased adoption of technology-enhanced equipment.
- Growth in sustainable and eco-friendly products.
- Potential market impacts from changes in consumer leisure activities post-pandemic.