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

twitter-logo facebook-logo

Latest Videos See all videos right arrow

play button
Your new way to chip | 3 simple chipping tips
play button
How to play Worst Ball
Worst ball
play button
Old vs New Tech | How big are the gains going to be?
play button
How to play Texas Scramble
Texas Scramble
See all videos right arrow

Golf News

Thorbjorn Olesen responds to "sexual assault" allegations
Thorbjorn Olesen "grabbed woman's breast on flight", court told
Jordan Spieth and Henrik Stenson hit with bizarre penalty
"I nearly quit golf this year" reveals Bryson DeChambeau
bunkered lands major industry awards for outstanding service

Other Top Stories

Tiger Woods: Inside his $41million Florida mansion
The very best pubs in St Andrews
The Scottish Golf Course Emoji Quiz!
24 lies every bad golfer tells
Doug Sanders: The extraordinary life of golf's original playboy

Quick Fault 'n' Fixes See all videos right arrow

play button
The correct posture is the key to consistency
play button
Increase your power
play button
How to get your takeaway on plane
play button
Use your height to maximum effect
See all videos right arrow