Acushnet, one of the leading manufacturers of golf equipment in the world, had global sales amounting to around 2.38 billion U.S. dollars in fiscal 2023. Net sales of both Topgolf Callaway Brands Corp. and Acushnet Holidngs Corp. used to be extremely close, but in the most recently reported financial years, Callaway became the clear front-runner.
Golf
Golf is a club-and-ball sport in which players use various clubs to hit a golf ball into a series of holes on a course in as few strokes as possible. Not only is golf a major spectator sport around the world, it is also a popular recreational sport in many countries. Golf, unlike most ball games, cannot and does not utilize a standardized playing area. Navigating the varied terrains of the courses is a key part of the game. Golf is very popular is Europe, with a substantial number of courses scattered across the continent.
Golf equipment
Golf is quite an expensive hobby, with players needing to purchase all the equipment necessary to play, such as clubs, balls, and special apparel. Players may also need to pay an annual membership fee to be part of a club, or green fees to play on a golf course not included in their membership. The import and export of clubs and golf equipment is also a big industry: in 2022, approximately 690 million U.S. dollars' worth of golf clubs was imported to the United States.
Selected golf equipment/apparel companies ranked by revenue from 2012 to 2023
(in million U.S. dollars)
Characteristic
Acushnet*
Topgolf Callaway Brands
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Callaway Golf Company, & Acushnet Company. (February 29, 2024). Selected golf equipment/apparel companies ranked by revenue from 2012 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/273923/golf-equipment-companies-by-revenue/
Callaway Golf Company, und Acushnet Company. "Selected golf equipment/apparel companies ranked by revenue from 2012 to 2023 (in million U.S. dollars)." Chart. February 29, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/273923/golf-equipment-companies-by-revenue/
Callaway Golf Company, Acushnet Company. (2024). Selected golf equipment/apparel companies ranked by revenue from 2012 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/273923/golf-equipment-companies-by-revenue/
Callaway Golf Company, and Acushnet Company. "Selected Golf Equipment/Apparel Companies Ranked by Revenue from 2012 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 29 Feb 2024, https://www.statista.com/statistics/273923/golf-equipment-companies-by-revenue/
Callaway Golf Company & Acushnet Company, Selected golf equipment/apparel companies ranked by revenue from 2012 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/273923/golf-equipment-companies-by-revenue/ (last visited September 01, 2024)
Selected golf equipment/apparel companies ranked by revenue from 2012 to 2023 (in million U.S. dollars) [Graph], Callaway Golf Company, & Acushnet Company, February 29, 2024. [Online]. Available: https://www.statista.com/statistics/273923/golf-equipment-companies-by-revenue/