The Swiss golf clubs market has experienced fluctuations over the past decade, with market value reaching 31.857 million USD in 2022. Initially strong growth was observed in 2013 with a year-on-year increase of 5.9%, but from 2015 onward, a notable decline occurred. The most significant drop happened in 2017, with a year-on-year decrease of 11.37%. The recent trend shows a gradual reduction, with the compound annual growth rate (CAGR) over the last five years being negative.
In 2023, the market has seen further contraction, continuing the downward trajectory. Looking ahead, trends to watch include:
- Increased focus on eco-friendly materials and manufacturing processes.
- Potential growth in digital experiences and smart golf technology.
- Impact of demographic shifts and changes in leisure activities post-pandemic.
How does Switzerland 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% | View data |
| 7 | 7 Germany | 75,084,000 | 2023 | -0.17% | +0.15% | View data |
| 8 | 8 Switzerland | 31,520,000 | 2023 | -1.85% | -1.05% | |
| 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% | View data |
