The golf clubs market size in Australia experienced fluctuating trends over the past decade. From 2012 to 2014, the market displayed positive growth with year-on-year increases of 4.58%, 6.56%, and 7.8% respectively. However, from 2015 onwards, the market encountered a downturn with significant declines of 22.63% in 2015 and continued negative trends until 2017. Some recovery was observed in 2018 with a 6.23% year-on-year growth, though this was followed by another decline period until 2020. A slight recovery manifested in 2021 with 3.59% growth, but 2022 saw another dip of 1.58%. The Compound Annual Growth Rate (CAGR) over the past 5 years stands at 0.028%, reflecting a relatively stagnant market in recent times.
Future trends to watch for:
- Innovations in golf club materials and technology
- Shifting demographic trends and younger population engagement in golf
- Impact of economic conditions on discretionary spending
- Growth of golf tourism and related spending patterns
How does Australia 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% | |
| 5 | 5 France | 91,193,000 | 2023 | -2.04% | -0.21% | View data |
| 6 | 6 Sweden | 80,827,000 | 2023 | +1.6% | +0.84% | View data |
