The impact of golf is not isolated to the sports industry. The prevalence of golf has elevated the global economy by providing lifetime recreational opportunity for millions of people, creating millions of jobs, and generating billions of dollars in total economic activity.
Full Answer
How has golf participation changed in the last year?
Golf participation trended upward last year, and it wasn’t just off-course forms of engagement like Topgolf or the successful comeback of Tiger Woods that spurred the increase. Traditional golf – the kind played on a golf course – saw its first measured jump in 14 years, according to the National Golf Foundation’s new Participation Report.
What is the economic impact of golf?
Since its emergence as a major spectator sports in the 1920s, golf has grown to become not only a popular recreational activity but also a sport with a major economic impact . 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 some facts about the golf industry?
Golf Industry - Statistics & Facts. Since its emergence as a major spectator sports in the 1920s, golf has grown to become not only a popular recreational activity but also a sport with a major economic impact. In 2017, total golf equipment wholesale sales in the U.S. including golf clubs and balls amounted to more than two billion U.S. dollars.
Why do so many people play golf?
The whys are fairly intuitive. We’ve learned that staying outdoors means a lower risk of transmission, and golf is entirely outdoors. We’ve learned that keeping other people at a distance helps, too, and golf requires no real proximity.
How does golf affect the economy?
It shows $84.1 billion in activity was directly driven by golf in 2016, a 22% rise from $68.8 billion in the 2011 report. The industry supported $191.9 billion in total annual activity, including 1.89 million jobs and $58.7 billion in wages and benefits.
What impact does golf have on society?
Moreover, golf is a major U.S. industry which has been bolstering economic development opportunities and generating tax revenues for local communities. The industry impacts 2 million jobs across America and approximately has shared $4 billion annual charitable impact.
Why is the golf industry growing?
The overall golf industry revenue has grown compared to 2019. 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.
How is the golf industry doing?
In 2020, golf boomed after coronavirus-related shutdowns were lifted, with a net increase of 60 million+ rounds that was the biggest since 1997 – the year a 21-year-old Tiger Woods spurred the game to new heights with his breakthrough major win at the Masters Tournament.
How does golf impact the environment?
Land Footprint Golf requires more land per player than any other sport. Environmentalists say that developers destroy natural habitats to build courses, removing native species and contributing to soil erosion and sediment runoff to nearby bodies of water.
How is golf good for the environment?
Golf courses offer numerous opportunities to not only provide pleasant places to play, but also to protect drinking water, improve the water quality of on-site and surrounding lakes, streams, and rivers, support a variety of plants and wildlife, and protect the environment for future generations.
How big an industry is golf?
Golf is a nearly $70 billion industry.
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.
What do I need to know about the golf industry?
US Golf Industry StatisticsIn the US, around two million jobs are created by the golf industry, as statistics reveal. ... In 2020, 101 million Americans engaged in golf-related activities. ... Golf course industry statistics indicate that compared to 2019, there were 20 million fewer rounds played in March and April 2020…More items...•
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.
Is the golf market growing?
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.
Why has golf become so popular?
Many people choose golf because it offers an excellent overall package. They can enjoy the sport itself, but the setting gives the opportunity to make it so much more. Golfers will often take their families on holiday, take trips with their buddies, or take some time away with colleagues or business associates.
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.
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 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.
How much will the NGF increase in 2020?
The NGF’s optimistic line of projections suggest that a strong finish to the year could mean an 8% rise year over year, while even a downturn over the last four months of 2020 would still likely result in a year-over-year gain of at least 2%.
Is golf outdoors?
We’ve learned that staying outdoors means a lower risk of transmission, and golf is entirely outdoors. We’ve learned that keeping other people at a distance helps, too, and golf requires no real proximity.
Is golf a quarantine outlet?
But as we learned more about the virus and about our collective response; one thing became more and more clear: golf had the potential to serve as an ideal quarantine outlet.
Can you play golf alone?
You can play golf alone, and you can play without ever going inside, and there’s a good chance you can play without driving too far from your home, too. Golf course operators had reasons to be cautiously optimistic that if they were able to reopen, golfers would flock to the fairways.
Is golf safe?
Plenty of golf’s growth can be directly attributed to the coronavirus: golf is safe, it’s distanced and people have fewer options available. But there are other factors to consider, too, including the weather. The NGF cited a warm, dry summer as partially responsible for the uptick in play, too.
How many rounds of golf were played in 2019?
These statistics suggest golf clubs began recovering much faster than most other entertainment venues. Previously, players had conducted a reported 441 million rounds of golf during 2019. The disruptions during the pandemic may actually have sparked wider public interest in this leisure activity.
Is golf closed in 2020?
Although the coronavirus pandemic sidelined numerous businesses (including many in the hospitality sector), golf courses emerged from the crisis in a much better condition than many analysts had predicted. COVID-19 outbreaks resulted in numerous temporary closures during March and April. An estimated 35% decrease occurred in golf-related travel during 2020. Yet, the golfing industry has already begun recovering from these disruptions.
GOLF GIVES BACK
Despite an economic downturn in 2008, charities across the country continued to benefit from golf. In 2011, $3.9 billion was raised for charities, according to a study released by the National Golf Foundation. A vibrant and healthy community is important for establishing a vibrant and healthy environment.
GREEN TRAVELERS VALUE GREEN COURSES
In 2006, out-of-state visitors contributed more than $1.9 billion in golf-related tourism and activities to the state of Arizona. Travelers tend to be more savvy and knowledgeable about sustainability ─ according to research, 4 out of 10 U.S. travelers consider the environment when planning trips.
How many people played golf in 1950?
In the post-World War II economic boom, the number of players increased from 3.5 million in 1950 to 11.2 million in 1970. During this period, the game was embraced by the new middle class who had the time, money and desire to engage in more recreational activities. The catalyst for the symbiotic relationship between golf and real estate ...
When was the golf course a day created?
In 1987 , the McKinsey & Company consulting firm published Strategic Plan for the Growth of the Game, which projected substantial increases in the number of golfers and called for “A Course a Day” to be built to accommodate it.
How many 18 hole golf courses were there in 1950?
In 1950, there were approximately 4,900 18-hole equivalent golf courses (18-HEQ) in the United States. Most had been commissioned by exclusive private clubs to serve the upper class, and only 3 percent had any residential real estate around them.
Do developers sell golf courses?
For the 70 to 90 percent of residents, developers are not selling a golf course, rather they are selling a view and ambience. If the course is converted to a park or appealing open space, the lot premiums will be akin to those of a passive park and lower than those associated with a viable manicured golf course.
