Between 2013 and 2023, the golf clubs market value per capita in Switzerland exhibited a downward trend. The per capita expenditure decreased from $4.92 in 2013 to $3.37 in 2023. Recent years show a continuous decline, with a significant drop of 3.7% in 2022 and a further 3.7% decrease in 2023. Over the last five years, the compounded average growth rate (CAGR) is negative, highlighting a diminishing interest or demand in this market segment. In 2023, the value stood at $3.37 per capita, underscoring the persistent downward trajectory.
Looking forward, potential trends to monitor include the influence of sustainable practices, diversification in product offerings, and innovations in golf technologies. These factors could stabilize demand and potentially reinvigorate interest, especially if they resonate well with emerging market segments and sustainability-conscious consumers.
