ASIAN GOLF INDUSTRY FEDERATION

Drop in Equipment Sales Revenue

Golf Datatech low 1

Kissimmee, Florida, United States: Golf Datatech has reported that the US golf equipment industry suffered a 12% drop in equipment sales revenue in January, compared to the same period 12 months ago.

Total equipment sales were down 12.9% for January, with sales of distance measuring devices down 21.2%, while shoe sales were down 19.4% in the first month of the year compared to this time last season.

Sales of golf balls remained steady on 2022 levels, while gloves and wedges were both down slightly.

On the latest numbers, Golf Datatech co-founder John Krzynowek said: “January 2023 was a continuation of what we saw in the fourth quarter of 2022, with significant headwinds, such as inflation, asset value declines, and the threat of an impending recession impacting woods, irons, putters, bag and shoe sales.

“At the same time, ball and gloves – products that correlate more closely with levels of play and are lower in cost – held close to level.”

He added: “People continue to ask how are we doing compared to pre-pandemic levels, and the answer is: ‘Very well’. 

“Total equipment sales are 51% higher than January 2019, and this most recent January is the third largest January ever. So, while we are not at the levels of a few years ago, we remain substantially elevated from historic levels.”

Share with your Friends

View More Articles

Insights into Golf Retail Industry

Insights into Golf Retail Industry

Posted on March 16, 2024
California, United States: The Association of Golf Merchandisers has unveiled the findings of the 2023 AGM Membership St...

About AGIF

The Asian Golf Industry Federation (AGIF) is a non-profit organization dedicated to supporting all facets of the golf industry across Asia. Our members and partners involved in to advance sustainable practices and drive the industry’s growth. Join us in taking the next step towards a sustainable industry.

Contact

Asian Golf Industry Federation
18 Howard Road, #08-07 Novelty Bizcentre,
Singapore 369585
Chief Communications Officer
communications@agif.asia
Membership & Administration Manager
membership@agif.asia

Connect With AGIF

Copyright © 2023 Asian Golf Industry Federation.