The New Zealand golf clubs market has exhibited a declining trend in per capita value, which stood at $4.89 in 2023. From 2013 to 2023, the market showed a decrease from $8.44 to $4.89, with notable declines observed between 2013 and 2015. However, the trend stabilized somewhat between 2016 and 2019, followed by a slight decline in subsequent years. The average annual decline (CAGR) from 2018 to 2023 was around 2%, indicating a continuing decrease in market size value per capita.
Looking ahead, market dynamics such as rising sustainability initiatives, changing consumer behavior, and technological innovations in golf equipment might influence future market trends. Monitoring these factors will be essential to anticipating changes in market value per capita. Additionally, any economic shifts or changes in leisure activity preferences could also impact growth.
