Finally, some good news for the golf industry!

Good News For The Industry Story 1

Amidst all the perpetual doom and gloom of sliding memberships, dwindling participation and course closures, finally... some good news to report!

The 2019 World Golf Report – an annual review of the current health of the golf retail business – has just been published. And it’s offering some genuine reasons for people in the industry to feel a flush of optimism.

It show that the golf equipment business grew 4.1% in 2018 to $8.72bn from £8.08bn in 2017.

That’s still some way behind the $8.41bn reported in the first year the report was published, 2014, but growth is growth.

• Registration now open for SGTW 2019

• Justin Rose's new putter? You've never heard of it...

The report also showed that retail golf sales in 2018 (all equipment and apparel) amounted to $13.44bn last year – dead even with sales in 2014, which also totalled $13.44.

In the UK, the golf equipment sector grew by 4.5% year-on-year, making it the fourth largest in the world behind the USA, Japan and Korea. Germany (+5.9%) reported the largest increase to remain the world’s eighth biggest equipment market. 

Clubs Silhouette

The golf apparel market in the US slid by 2% but, overall, the picture there is looking good, with worldwide sales up by 6.4% against 2014 and 1.3% from 2017.

• Self-standing putters - clever innovating or blatant cheating?

• Pundit: Mickelson 'will complete career slam' in '19

John Krzynowek, a partner at Golf Datatech which co-produced the report, said: “In 2015, the combined equipment and apparel industries had a sharp correction in sales when reported in US dollars, which were heavily influenced by currency considerations. 

“However, the past three years we’ve seen some solid improvements, with sales increasing by 1.5%, 1.7%, and 3.2% respectively, bringing total retail sales of equipment and apparel back to the same level as in 2014. The 2018 sales were led by significantly stronger sales in golf clubs, and in particular in irons.”

Share this Article

share-logo
twitter-logo facebook-logo

Latest Videos See all videos right arrow

play button
EVERYTHING YOU EVER WANTED TO KNOW ABOUT SCOTTY CAMERON PUTTERS (2020)
Scotty Cameron
play button
OLD DRIVER VS NEW DRIVER - TaylorMade SIM vs TaylorMade Original One
TaylorMade
play button
PUTTER BATTLE! Odyssey Stroke Lab Triple Track Ten - VS - TaylorMade Spider X
Odyssey Triple Track
play button
THE BEST LOOKING NEW CLUB I'VE SEEN IN 2020 - BUT WHAT IS IT?
Ping
See all videos right arrow

Golf News

Woods breaks silence on America’s violent protests
Troon go LIVE for International women's golf day
Women’s Golf Day auction lists stunning items
Women’s pro golf to make UK return
McDowell weighs in on Ryder Cup debate

Other Top Stories

Tiger Woods puts new irons in the bag
New Fife golf course gets go ahead
REVIEW - Adare Manor, Ireland's rejuvenated masterpiece
Win a spot in the ASI Scottish Open Pro-Am with Hilton
Padraig Harrington targets 2020 Ryder Cup captaincy

Quick Fault 'n' Fixes See all videos right arrow

play button
Get your takeaway right
Watch
play button
The keys to a good rhythm
Watch
play button
Denis Pugh gives a lesson for beginners
Watch
play button
Align your body at address
Watch
See all videos right arrow