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In 2024, the Indonesian golf equipment market decreased by -6.1% to $75M, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $94M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.
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The Indonesia golf equipment market was valued at USD 815.97 million in 2024 and is expected to reach USD 1.08 billion by 2030, growing at a CAGR of 4.94% during the forecast period.
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Indonesia Golf Equipment market encompasses a wide range of products designed to improve player performance, enhance the playing experience, and meet specific needs for different skill levels.
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The Indonesian market for motor vehicles for travelling on snow or golf cars dropped markedly to $1.6M in 2024, which is down by -47.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a perceptible contraction.
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Ukuran pasar Pembuatan Peralatan Golf bernilai USD 9000 juta pada tahun 2024 dan pendapatan diperkirakan tumbuh pada CAGR 6% dari 2025 hingga 2032
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In 2024, the Indonesian golf equipment market decreased by -6.1% to $75M, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $94M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.