To paraphrase a quote from Mark Twain, “The report of golf’s death is greatly exaggerated.” The recent and strong resurgence of golf has led to record-breaking demand for everything from golf clubs and balls on the player side to golf cars and golf course maintenance equipment on the golf course side, not to mention creative solutions for golf course equipment financing.
If you haven’t been paying close attention, the past year has seen one of the biggest revivals in the sport of golf in decades. Initially shut down at the beginning of the pandemic, golf rallied through the second half of 2020 with some amazing numbers. According to the National Golf Foundation’s Graffis Report, in the U.S. alone, there were 61 million more rounds of golf played in 2020 than in 2019 with:
- A 23% increase in new golfers
- A 25% increase in youth golfers
- A half-million increase in female golfers
- Nearly 300,000 new golfers of color
Internationally, golf saw a similar resurgence in 2020 despite the shutdowns caused by the pandemic. In the U.K., golf rounds increased by 12% compared to 2019. Half-way around the world, rounds in Australia, where the pandemic’s impact was less severe in the beginning, rounds were up nearly 20% compared to 2019.
That’s a pretty impressive comeback, especially if you consider golf course shutdowns due to COVID-19 significantly impacted play, charity and event rounds were almost non-existent and there’s been a seemingly steady 18% decline in golf rounds played over the past 15 years in the U.S. market. It would be easy to attribute the one-year resurgence in golf to the fact that it was one of the few competitive sporting activities considered safe during the pandemic. But that’s not the whole story.
In reality, COVID-19 may have just been the catalyst that led to an acceleration of recent regrowth of the game that was already happening. By 2019, U.S. golf participation had already bounced off its modern-day low point in 2016, with the game seeing a 2% growth in participants over those four years. The industry had already been making efforts to attract new golfers by simplifying rules, promoting youth golf and introducing a new casualness to the game that extended from attire to entertainment technologies, like Bluetooth-enabled carts and speakers, on the course.
Trends globally seem to project continued growth, with research showing new golfers in the U.K., for example, increasing by more than 2 million players in just a year, with a 25% growth in female participants and 16% of participants completely new to the sport. Research also shows that golf is attracting a coveted new generation of players in the U.K. with the average age of golfers there falling a significant 5 years to 41 years old.