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how big is the golf industry ?

by Maverick Krajcik Published 3 years ago Updated 2 years ago
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Golf is a nearly $70 billion industry.

What are some great careers in the golf industry?

  • requirements: good background in golf, previous tournament experience, good understanding of large golf tournaments
  • what they do on a daily basis: There is an insanely huge number of activities that you might be doing. ...
  • the average pay: Depends on if you are working at a junior golf tour or the PGA tour or somewhere in between. ...

More items...

What are the different types of golf industry jobs?

Outside Golf Operations Associate

  • Knowledge of the golf industry and/or game preferred.
  • Clean all player golf clubs after the round of golf is completed.
  • FLSA: FULL-TIME HOURLY, NON-EXEMPT*.

How big is the golf industry?

Golf is an $84 billion industry that is adapting to cultural and behavioral shifts, like many other aspects of society. Golfers play, watch, engage and consume the game in different ways than in years past. Their spending habits are changing too — not only what they’re buying, but how they’re buying and how often they’re buying.

How big of the golf industry in dollar terms?

Revenue from golf course and country clubs is projected to reach approximately 23.3 billion U.S. dollars in the United States by 2020. As of 2017, the number of golf participants in the U.S. stood at approximately 23.83 million. Around 8.8 million of these participants are said to be avid golfers.

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How big is the golf industry market?

Report Overview The global golf club market size was valued at USD 3.66 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2020 to 2027. The market is majorly driven by the growing popularity and adoption of golf as an active sport.

How big is the golf industry in 2020?

The NGF count showed 24.8 million golfers in the U.S. in 2020, an increase of 500,000 and 2 percent over 2019. It is the largest net increase in 17 years.

How much is the golf club industry worth?

The National Golf Foundation estimated the industry's worth to be $84 billion in 2019. In terms of golfing equipment, the report claims that the clubs and balls market was worth $2.7 billion in 2018.

How much is the golf industry growing?

More than 24.8 million people played golf in the U.S. in 2020, up more than 2% year-over-year and the largest net increase in 17 years. Golf equipment and apparel has seen massive growth, with golf brands like Callaway and Titleist notching record sales.

Is golf a dying sport?

Golf is not a dying sport. The increase in rounds played in 2021 from 2020 during the pandemic, and increased numbers of people going to golf facilities like Topgolf is a clear sign that interest and participation in the game is far from waning, especially with ladies and juniors.

Is golf still booming?

Golf enjoyed a significant boom during the pandemic due to its ability to be played safely and proven benefits in boosting mental and physical health. The latest data shows that participation in golf is still well above the rates in the years prior to COVID-19.

Is the golf industry in decline?

Golf is on the decline in America. That reality has finally smacked us in the face like a two-by-four. The number of core American golfers (those playing eight rounds or more per year) has fallen between three and 4.5 percent every year since 2006.

What race plays golf the most?

WhiteThe most common ethnicity among Golf Professionals is White, which makes up 67.0% of all Golf Professionals....Golf Professional Race.Golf Professional RacePercentagesWhite67.0%Hispanic or Latino14.0%Black or African American9.5%Asian6.0%2 more rows•Apr 18, 2022

What percentage of the US population plays golf?

The numbers According to the National Golf Foundation, nearly 25 million people played golf on a golf course in the United States in 2020. That's around 8 percent of the total population of the U.S. which is a pretty large number all things considered.

Is golf getting less popular?

Since 2003, there has been a consistent annual decline in the number of golf players. There were 6.8 million fewer golfers in 2018 compared to 2003 — a loss of 22 percent. This resulted in a net reduction of 1,243 18-HEQ courses between 2005 and 2018.

Why is the demand for golf decreasing?

The golden age of golf appears to have come and gone and the demographics population in general is getting older. The decline in golf is surely in part due to those who love the game getting too old to play it and dying off, leaving the numbers of golfers continuing to dwindle.

Do Millennials play golf?

According to the National Golf Foundation, in 2014, six million Millennials played 90 million rounds of golf annually. This level of play generates $5 billion worth of golf spend by Millennials annually.

Is the golf industry in decline?

Golf is on the decline in America. That reality has finally smacked us in the face like a two-by-four. The number of core American golfers (those playing eight rounds or more per year) has fallen between three and 4.5 percent every year since 2006.

How many golfers are there in the world in 2020?

Here is some additional demographic information about these 25 million people who played golf on a course in 2020: Around 77 percent are male, leaving female golfers to make up only a little more than 22 percent.

What percentage of the US population plays golf?

Going by that latter number, that's 12 percent of the United States' population of 329.5 million.

How popular is golf around the world?

Popularity of Golf Around the WorldrankingCountryRegional Popularity *1Ireland1002Canada853United Kingdom804United States79118 more rows

How much does the average golfer spend per year?

Golf reviewer, Jason Scott Deegan, estimates that a year of golf can cost $832–$3,454 for junior players and $1,849–$3,349 for adult golfers. Meanw...

Is the number of golfers increasing?

Yes, in the short term. In the long term, though, there’s an overall decline. According to the National Golf Foundation, there was a net increase o...

How much is the golf industry worth?

The National Golf Foundation estimated the industry’s worth to be $84 billion in 2019. In terms of golfing equipment, the report claims that the cl...

How many people will play golf in 2020?

played golf – both on-course and off-course – in 2020. This includes 24.8 million people who played on a golf course and another 12.1 million who participated exclusively in off-course golf activities at places like driving ranges, indoor golf simulators or golf entertainment venues like Topgolf and Drive Shack.

What percentage of golfers are women?

0 %. of on-course golfers are women. Females represent a disproportionately higher percentage of juniors (34%), beginners (36%) and off-course participants (45%) than they do in the overall golf population. Latent Demand.

How much is golf equipment sold in the US?

In 2019, total golf equipment wholesale sales in the U.S. including golf clubs and balls amounted to more than 2.3 billion U.S. dollars.

What are the leading golf equipment companies?

The leading golf equipment/apparel companies in the world include Acushnet, Callaway Golf, as well as NIKE golf. In 2020, worldwide revenue of Callaway Golf amounted to almost 1.6 billion U.S. dollars. The Royal Troon Golf Club in Glasgow, Scotland is the leading golf course management company and currently owns 278 golf courses worldwide in 2020.

How much money will golf clubs make in 2024?

Revenue from golf course and country clubs is projected to reach approximately 24.65 billion U.S. dollars in the United States by 2024. As of 2019, the number of golf participants in the U.S. stood at approximately 24.3 million.

How much is the golf industry worth?

It includes some 15,000 facilities and is worth approximately $84.1 billion.

How many golf courses are there in the world?

More specifically, the latest data tells us there are 38,864 golf courses worldwide. However, the sport isn’t popular everywhere, at least not for now. Golf hasn’t reached glory yet in 16% of the countries in the world. In the remaining 84% of them, there’s at least one golf course.

How many golfers are male?

Since 77% of US golfers are male, this information doesn’t seem surprising. Furthermore, although golf industry demographics clearly reflect a rise in the number of younger participants, senior citizens remain the most common golfers.

Is golf a specific sport?

We’ve seen how golf works globally, and now we’re taking a closer look at American golf. No, it’s not a specific kind of golf, but the sport seems to be so big in the US that it’s only fair to give this topic more attention.

How much is the golf industry worth in 2020?

According to IBISWorld’s report from 2020, the market was worth $25,362.5 million that year, and it is expected to keep growing.

What is the global golf apparel market?

The global market for golf apparel, footwear, and accessories is expected to experience a CAGR of 4% during 2020–2024, according to a market analysis by Technavio. The golf apparel industry statistics featured in the report predict an incremental growth of $2.82 billion.

How much is the golf course market worth in 2021?

Going by available revenue data, the country club and golf course market in the US is worth $25.8 billion as of February 11 this year. Moreover, projected golf industry statistics for 2021 show a growth expectation of 1.5% for the year.

How many golfers will be in England in 2020?

There were 883,500 total golfers in England in 2020. (Statista) In May 2020, there were 883,500 active adult golf players in England (“adult” applied to golfers aged 16 and over). In the report, “active” meant that they played at least twice in the last 28 days.

How many people play golf in 2020?

In 2020, the number of Americans who golfed on- and off-course was almost the same. So, 24.3 million people played on proper golf courses, of which 10.9 million played on-course only.

What rules dictated one rider per cart or no carts allowed on golf courses at all?

Social distancing rules dictated one rider per cart or no carts allowed on golf courses at all. So, demand rose for the kind of transport that would allow both comfort and the mandated distance.

Why is golf so popular in 2020?

Golf has surged in popularity in the latter half of 2020. This is because people were looking for socially distanced outdoor activities amidst the pandemic. A 13.9% increase in rounds played meant increased revenue from green fees as well.

What is the market for golf clubs in 2019?

North America dominated the market for golf clubs with a share of 45.3% in 2019. As per R&A, in North America, 77.0% of the golf facilities are open to fee-paying golfers on a per-round basis, unlike the scenario in private facilities and clubs. This, in turn, increases the number of participants, thereby increasing the scope of golf equipment, such as clubs, in the region. According to the National Golf Foundation, in 2018, 33.5 million Americans aged 6+ have played golf both on-course and off-course.

How many people play golf in 2018?

According to the National Golf Foundation, in 2018, 33.5 million Americans aged 6+ have played golf both on-course and off-course. Asia Pacific is expected to register the fastest CAGR of 3.3% over the forecast period.

How many golfers were there in 2015?

According to a report by the National Golf Foundation (NGF), in 2015, the number of new golf players rose to about 2.5 million, nearly a 14.0% increase. This number was an all-time high, breaking the previous record of 2.4 million in 2000 when Tiger Woods was at the peak of his career. The number of golf enthusiasts has been growing significantly, ...

Why are miniature golf courses important?

Establishment of miniature golf courses to increase the inflow of patrons and endorsing it as a healthy leisure activity is contributing to the rising sales of golf clubs.

What is the market share of sporting goods?

In terms of revenue, sporting goods retailers dominated the market with a share of 47.2% in 2019. There has been increasing consumer preference for high-end golf clubs, which are generally sold at sporting goods retail stores.

Where are the most female golfers?

While the sport is more commonly played by men, the number of women golfers has increased over the past few years. As per the HSBC Golf Report, Asia holds the highest number of female golfers across the globe, wherein 6 out of the top 10 players hail from Asia.

What is hybrid golf?

A hybrid is a relatively newer type of club, designed with a mixture of fairway wood and iron.

What is the market size of golf equipment?

The global golf equipment market size was valued at $8,156 million in 2016, and is expected to reach $9,666 million by 2023, registering a CAGR of 2.2% from 2017 to 2023.

What is the global golf equipment industry?

The global golf equipment industry is driven by increase in golf tourism, owing to considerable setup of golf courses worldwide, growth of the middle-class population, and rise in number of professional and amateur female golfers. However, adoption of other games, including indoor sports, such as chess, badminton, table tennis, and others, ...

What is golf equipment?

Golf is a prime recreational sport popular among businessmen and amateur players. The equipment used in this sport are known as golf equipment, which include a variety of products, such as golf clubs, golf balls, golf shoes, golf tees, caps, and gloves.

How many women golf in 2012?

As of 2012, according to the National Golf Foundation, more than 19% of golfers in the world are women, and 25% of women golf tourists constitute the golf sector only in New Zealand. Golf as a sport is witnessing growth in Asia-Pacific. For instance, the women in China are opting to play golf as a leisure activity.

Why are golf shoes so popular?

Golf shoes are expected to grow at the fastest rate in the golf equipment market, because consumers, particularly golf players, are demanding comfortable and lightweight, yet fashionable shoes for usage on wet, rough, and soft ground. In addition, few manufacturers have developed advanced featured shoes.

Which country dominated the golf equipment market in 2016?

North America dominated the global market in 2016 and is expected to maintain this trend throughout the forecast period. U.S. dominated the North America golf equipment industry, as golf is one of the biggest recreation sports for the people in the country, thereby contributing to the country's golf equipment market.

Is golf a sport in China?

The adoption of golf as a sport is increasing steadily in China. In 2016, at the Rio Olympics, golfer Feng Shanshan represented the country and won a bronze medal, thus enforcing the government to support this sport.

What are the major players in the golf equipment market?

The market is dominated by players like Acushnet Holdings Corp., Callaway Golf Company, Nike Inc., Bridgestone Corporation, and Sumitomo Rubber Industries. The companies are adopting competitive strategies, by investing more to develop new technologies for the production of golf equipment. These players differentiate their products in terms of design (size and weight) and quality to gain a competitive advantage. Furthermore, the leading companies have adopted strategic expansion as their key strategy in order to broaden their geographical presence and customer base. For instance, in 2017, Samsung and TaylorMade collaborated to develop a specific myRoundPro experience that utilizes the features of the compatible Samsung Gear devices to provide consumers with a unique experience.

How many golf courses are open to the public?

Most of these courses belong to private clubs, golf-centric real estate places, and golf resorts. More than 30,000 golf facilities, worldwide, and more than 70% of these are open to the public, and hence, are largely accessible.

What countries are in the Asia Pacific golf market?

Rise in Demand for Golf Equipment from Asia-Pacific. The Asia-Pacific golf equipment market is led by Japan, followed by China, South Korea, and Thailand, among the other countries in the region. As of 2017, Asia-Pacific had approximately 4,570 golf facilities and accounted for 14% of the overall global market.

Where is golf played?

Golf is mostly being played in the Americas, Europe, and Oceanian countries, which were highly impacted by the pandemic resulting in a decline in the equipment market. However, the situation started to improve after mid-year with improved sales and market growth. The market is highly impacted by product innovations carried out by ...

What is the scope of golf?

Scope of the Report. Golf is a club-and-ball sport in which players use various clubs to hit balls into a series of holes on a course in as few strokes as possible. The study on the golf equipment market covers a range of product types, such as golf clubs, golf balls, golf bags and accessories, apparel, and footwear, and distribution channels, ...

Why is golf booming?

Golf is booming because of the pandemic. Players wearing face masks warm up on the range at the Miami Beach Golf Club on April 29, 2020 in Miami Beach, Florida. (CNN) The pandemic has popularized a lot of unexpected activities.

When did golf datatech start recording equipment data?

July and August saw the two best months for golf sales since Golf Datatech started recording equipment data in 1997. "We have never seen a surge like what has happened in the summer of 2020, coming out of the worldwide shutdown from COVID-19," said John Krzynowek, Partner, Golf Datatech in a news release.

How many viewers will watch the 2020 PGA Championship?

The first round of the tournament averaged 1,246,000 viewers, making it the event's most viewed first round telecast since 2015, and the second best opening round in the last 10 years.

When did Tiger Woods become famous?

In fact, the NGF reports there's only been one other year that saw a bigger rise in interest in the sport: 1997, the year Tiger Woods became a massive sensation. A sign informs golfers to practice social distancing at the Mt. Prospect Golf Club in Mt. Prospect, Illinois.

Is golf resurgence?

Thanks to social distancing, the sport of golf has seen a resurgence, too. At the beginning of 2020, golf courses were seeing business as usual. There was no big nationwide increase in the number of rounds of golf played, according to data from Golf DataTech.

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