From 2013 to 2023, Canada's per capita spending on golf equipment, excluding balls and clubs, demonstrates fluctuations with a noticeable increase peaking at $2.39 in 2017 from $1.96 in 2013. By 2023, this value stabilized at $2.23. Over the last two years, annual variations were minimal, reflecting stability. The 5-year compound annual growth rate (CAGR) shows marginal decline, indicating a mature, stable market.
Future trends to watch for include technological advancements enhancing the appeal of ancillary golf equipment, shifts in recreational habits, potentially influencing spending habits, and sustainability trends shaping product offerings in the industry.
