The golf clubs market in Thailand has seen a fluctuating history over the last decade. Starting from a market size of $35.535 million in 2012, the industry faced a declining trend until 2017, hitting a low of $23.159 million. However, a recovery period followed, peaking at $31.03 million in 2019 before stabilizing around the $29 million mark in the subsequent years. The year-on-year variation signifies significant variables, with sharp declines between 2013 to 2017, yet periods of growth from 2018 to 2019. The Compound Annual Growth Rate (CAGR) over the last five years displays gradual improvement, particularly noted in the 4.72% rise in 2022.
Future trends to watch for:
- Increased demand for high-tech, customized golf equipment
- Growing interest in golf as a recreational sport and leisure activity
- Potential market expansions driven by tourism and international golf events
- Economic factors influencing consumer spending in the sports sector
How does Thailand 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 |
| 8 | 8 Switzerland | 31,520,000 | 2023 | -1.85% | -1.05% | View data |
| 9 | 9 New Zealand | 25,543,000 | 2023 | -1.46% | -0.77% | View data |
| 10 | 10 Thailand | 25,378,000 | 2023 | -5.08% | -1.84% | |
| 11 | 11 Ireland | 21,512,000 | 2023 | -0.34% | -0.079% | View data |
| 12 | 12 Denmark | 18,798,000 | 2023 | -3.19% | -1.92% | View data |
