Canada Golf Market Sales to Top USD 191.46 million in Revenues by 2033
WHAT WE HAVE ON THIS PAGE
Canada Golf Market Overview Size and Forecast
Published Via 11Press: The Canada Golf Market is projected to be USD 161.76 million in 2023 to reach USD 191.46 million by 2033 at a CAGR of 1.7%.
The market is a segment of the sports and leisure industry that includes the sale of golf equipment, apparel, and accessories, as well as golf courses and country clubs. The market is driven by the popularity of golf as a recreational activity and the increasing interest in professional golf. The market is experiencing steady growth due to the increasing popularity of golf and the growth of the country’s population.
The growth of the market is also driven by the increasing number of golf courses and the availability of golf-related products and services. One of the major trends in the Canada golf market is the increasing adoption of technology in the sport. Golfers are using digital technology to improve their game, with tools such as swing analysis software, GPS-enabled rangefinders, and smart golf balls.
Key Takeaways
- The Canada golf market is driven by the popularity of golf as a recreational activity and the growth of the country’s population.
- The increasing adoption of technology in sport is a major trend in the market.
- Golf courses and country clubs are major players in the market, along with equipment and apparel manufacturers.
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Regional Snapshot
The Canada golf market is segmented by region, with major players located in Ontario, British Columbia, and Quebec. The country’s major metropolitan areas, such as Toronto, Vancouver, and Montreal, are also important markets for golf-related products and services.
Drivers
- The popularity of golf as a recreational activity and the growth of the country’s population are major drivers of the Canada golf market.
- The increasing adoption of technology in sport is also driving the market.
Restraints
- The high cost of golf equipment and club memberships can be a barrier to entry for some consumers.
- The weather in some parts of the country can limit the golf season, affecting the growth of the market.
Opportunities
- The growing interest in professional golf in Canada presents opportunities for golf-related businesses.
- The increasing adoption of technology in sports presents opportunities for companies that develop and market golf-related software and equipment.
Challenges
- Competition from other sports and leisure activities can limit growth in the Canada golf market.
- The impact of climate change on the golf season in some parts of the country can be a challenge for the market.
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Recent Developments
- In 2021, the RBC Canadian Open, one of Canada’s premier professional golf events, returned to the country after a two-year hiatus due to the COVID-19 pandemic.
- In 2020, the Golf Canada Foundation launched a new program to support and develop young golfers in the country.
Market Segmentation
Type
- Apparel
- Footwear
Application
- Professional
- Amateur
Key Market Players
- Lululemon Athletica Inc.
- Levelwear Inc.
- Callaway Golf Co.
- NIKE Inc.
- Acushnet Holdings Corp.
- Amer Sports Oyj
- Adidas AG
- Under Armour Inc.
- PUMA SE
- ECCO Sko A/S
- Skechers USA Inc.
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Report Scope
| Report Attribute | Details |
| Market size value in 2023 | USD 161.76 million |
| Revenue forecast by 2033 | USD 191.46 million |
| Growth Rate | CAGR Of 1.7% |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World |
| Historical Years | 2017-2022 |
| Base Year | 2022 |
| Estimated Year | 2023 |
| Short-Term Projection Year | 2028 |
| Long-Term Projected Year | 2032 |
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FAQ.
The Canada golf market is a segment of the sports and leisure industry that includes the sale of golf equipment, apparel, and accessories, as well as golf courses and country clubs.
The drivers of the Canada golf market include the popularity of golf as a recreational activity, the growth of the country's population, and the increasing adoption of technology in the sport.
The major trend in the Canada golf market is the increasing adoption of technology in the sport, with golfers using digital tools to improve their game.
The challenges facing the Canada golf market include competition from other sports and leisure activities, and the impact of climate change on the golf season in some parts of the country.
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