Golf Datatech, LLC, and Yano Research Institute Ltd., the golf industry’s two leading independent research and data firms, have introduced the “World Golf Report 2023,” the industry’s only global golf retail study. The 2023 edition of the report, the 5th edition since 2015, provides an in-depth global retail market summary based upon geography, size and economic significance of the now $20 billion worldwide golf equipment and apparel market, which encompass the $11.1 billion equipment and the $8.9 billion apparel sectors, respectively.
Among the key highlights of the study, worldwide golf equipment and apparel sales exploded to all-time highs in 2021 following the pandemic, surging more than $5 billon.