How much do golfers spend on equipment annually? We conducted a massive survey to find out.
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How much do you spend on golf equipment annually? Your answer may be different than your buddy, or likely even different than it was five years ago, or five years from now. Either way, we wanted to figure out.
GOLF recently enlisted a company that surveyed 2,817 random golfers in October and November of 2020. The goal? To understand golfers’ spending habits. We asked 24 spending-related questions on things like apparel, equipment, greens fees, golf travel and more. Now, the results are in (which you’ll see in full on GOLF.com on Wednesday). But for now, let’s talk about some equipment takeaways.
When asked how much they spend on golf equipment annually, the majority (43.8%) said between $500-$1,000. That barely beat out a group of 40.1% that said it spends less than $500 a year. Only 13.4% said between $1,000-$2,000, and just 2.7% said more than $2,000.
When it comes to golf equipment, golf balls are the things most often purchased, while big splurges are spent on things like drivers or irons. When asked how much they feel comfortable spending on new golf balls, the most common range was $30-$40. Of those who responded, 38.9% said $30, while 37.4% said $40. The smallest percentage was for $50 and above, which was 11%.
The answer regarding the most golfers have ever spent on a single club was a toss up too. Of those surveyed, 39.9% said between $250-$400, while 39.4% said more than $400.
Lastly, asked how often they generally buy a new driver, 55.5% said typically every five years, while 40.3% said every two years.
Looking for more spending habits on equipment, instruction, travel and more? Make sure to check out the full survey results come Wednesday.
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