Kissimmee, Florida, United States: Golf Datatech, LLC, unveiled the ‘Purchasing Power of Women in Golf’ study, projecting a substantial growth in spending as more women are playing the game, driving total US equipment and apparel sales expected above the US$1.53 billion mark for 2021.
Since Golf Datatech’s prior women’s purchasing power study in 2014, spending by women golfers on equipment and apparel has grown by more than 66%, while growing 32% from 2020 through 2021.
Today, women account for approximately 20% of the nearly US$5.59 billion market, and the women’s segment is now bigger than any individual product category in golf (balls, drivers, irons).
“Just like the rest of the golf business, the market for women purchasing golf equipment and apparel jumped substantially over the past year and a half,” said John Krzynowek, Partner, Golf Datatech, LLC.
“We estimate the total US golf equipment business, for both men and women, including all channels (On Course, Off Course, D2C, Sporting Goods, Amazon, Mass Merchants, Warehouse Clubs), will increase by roughly 30% versus 2020 levels, reaching nearly US$5.59 billion, while golf apparel sales will reach US$1.96 billion.”
In addition to the surging equipment and apparel markets, the number of rounds played per month by women is also elevated in 2021, whether comparing to 2020 or 2019.
Over the past 18 months there is anecdotal evidence suggesting the percentage of women playing the game was up significantly. However, the exact level of that increase has yet to be released for 2021.
The National Golf Foundation estimates the number of women golfers in 2020 increased by 7% to six million, up from 5.6 million in 2019. Many expect this year’s level will be even higher.
Krzynowek added: “Women golfers are an important part of the game and have been a catalyst in driving both rounds played and equipment sales, prior to and coming out of the pandemic. They take the game seriously and are logging a significant percentage of rounds played, while purchasing high performance equipment.”
Key highlights of the report and Golf Datatech’s survey among serious women golfers, include the following:
Krzynowek said: “It’s always challenging to make expansive statements about such a large segment of the US population, because generalisations always have their exceptions, and we want to be very careful not to suggest there is only one way to look at this market.
“Rather, the consumer insights from this study by Golf Datatech clearly indicates that women are serious about the game of golf, spend accordingly, but have felt like their needs have not always been addressed.”