The golf clubs market in Sweden has seen a generally fluctuating yet upward trend in value from 2013 to 2023. After a notable decline between 2013 and 2015, the market rebounded in 2016 and 2017, reaching a peak growth rate of 17.13% in 2017. The subsequent years saw some fluctuations, with the market value slightly dipping in 2019 and 2020. However, from 2021 onwards, the market has shown consistent growth, culminating in a value of 80.827 million USD in 2023.
Over the last two years, the year-on-year growth rates were 1.66% in 2022 and 1.6% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 0.84%, indicating moderate growth.
Future trends to watch for in the Swedish golf clubs market include the potential rise in golf tourism, increased investment in golf infrastructure, and a growing number of young golfers, which could sustain market growth. Furthermore, technological advancements in golf club manufacturing are likely to drive innovation and attract new segments of consumers.
How does Sweden 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% | View data |
| 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 |
| 6 | 6 Sweden | 80,827,000 | 2023 | +1.6% | +0.84% | |
| 7 | 7 Germany | 75,084,000 | 2023 | -0.17% | +0.15% | View data |
| 8 | 8 Switzerland | 31,520,000 | 2023 | -1.85% | -1.05% | View data |
