Between 2013 and 2023, the Golf Equipment market in Spain, excluding golf balls and clubs, witnessed a downward trend, declining from $0.36 per capita to $0.28 per capita. The year-on-year variation reveals a consistent decline over the last two years: -3.33% in 2022 and -3.45% in 2023. The compound annual growth rate (CAGR) over the last five years shows an average annual decrease of -3.82%.
Future trends to monitor include:
- The impact of economic recovery and changing leisure activities post-pandemic on consumer spending in this sector.
- Environmental and technological innovations in golf equipment potentially influencing market dynamics.
