The US golf balls market size per capita increased from $4.5 in 2013 to $4.91 in 2023. The period showed a mix of incremental growth and stability, with a slight dip in 2020. Over the last two years, from 2022 to 2023, the market grew by 0.4%. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was approximately 0.56%. In 2023, the per capita value was $4.91.
Future trends to watch:
- Increased participation in golf among younger demographics could drive market growth.
- Innovations in golf ball technology may influence consumer preferences.
- Sustainability trends could impact manufacturing and purchasing behaviors.