How big is the golf industry in the US?
Golf is a nearly $70 billion industry.
How much does golf contribute to the economy?
$191.90 Billion – Golf industry's total economic impact in America, including direct, indirect and induced impacts. $84.10 Billion – Total size of the golf economy nationally.
How much is the golf industry worth 2021?
14. The US country club and golf course industry are growing. 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.
What is the state of the golf industry?
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.
How much money does the golf industry generate per year?
The game is big business, directly driving $84.1 billion in economic activity across the U.S. in 2016, according to a study commissioned by the World Golf Foundation. The findings reflect a 22% increase from $68.8 billion in 2011, the last time the U.S. Golf Economy Report was released.
How much revenue does the PGA generate?
In 2019, the PGA took in $1.5 billion in total revenue. That same year, Commissioner Monahan received compensation of $8,880,000.
How big is the golf course industry?
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.
Is golf gaining or losing popularity?
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 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.
Which country is golf most popular?
Countries Where Golf Is Most PopularIRELAND. Despite the fact that golf was invented in Scotland, their next door neighbor, Ireland, is the most popular country for the sport. ... CANADA. ... UNITED KINGDOM. ... UNITED STATES. ... SOUTH AFRICA. ... JAPAN.
Where is golf most popular in the US?
MinnesotaHow does your state compare?RankStateSearch Popularity1Minnesota1002South Carolina993Michigan964Wisconsin9347 more rows•Dec 26, 2016
How is the golf industry doing?
441 million rounds of golf were played in 2019. 24.3 million people played on-course golf in 2019. 41 percent of Americans supported their states allowing the reopening of golf courses during the COVID-19 pandemic. 14 million millennials are interested in playing a game of on-course golf.
Is golf a growing industry?
Is the golf industry growing? Recently, the golf industry has been growing after a long period of decline. The number of golf rounds played in 2021 was 18% higher than in 2017-2019. Additionally, in 2020, golf experienced its biggest net increase since 1997.
How many people play golf in the world?
66.6 million people66.6 million people are playing the sport worldwide, according to new research released by The R&A and Sports Marketing Surveys.
What percentage of golfers are female?
25 percent femaleGolf is widely perceived — or misperceived — to be a man's sport. Why is that? That's the way it's always been. It's about 75 percent male and 25 percent female.
How many golf rounds are played per year?
On average nationally, there are likely to be 377,200,000 rounds of golf played annually with variations from year to year based upon the economy. These rounds are played on approximately 16,000 golf courses.
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 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.
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.
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.
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.
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.
How much money was spent on golf in 2016?
25.7 billion — Dollars spent on golf-related tourism in the U.S. in 2016. 191.9 billion – Dollars supported by the industry in total activity for 2016.
How much money was spent on Lakeshore Golf Course in 2011?
On the life and death of Lakeshore Golf Course. 129,603 — Average dollars spent on capital investment, up from $98,873 in 2011. 1.89 million — Jobs supported by the golf industry, buoyed by more than one million from “golf facility operations.”.
The history of the US Country Club
Today, there are 9,562 Golf Courses & Country Clubs businesses in the US.
What the latest country club statistics & trends mean for your club
Traditionally, a country club’s image of exclusivity and networking looked like men doing business while lunching at the club or playing a round of golf. Today, things have changed significantly.
Country club trends to watch for in 2022
Gen Z & Millennials have different values and priorities than older generations, and country clubs have to evolve to keep up. Below are 2 main areas that you need to pay attention to.
Golf Course Trends
Interest in golf is on the rise – according to NGF, 501.8 million rounds of golf were played in 2020 ( up 60 million rounds or 14% from 2019) & 3 million people played golf for the very first time in 2020. That's a record number of beginners.
AP Automation is the future of club management
According to IOFM, ( Institute of Finance Management ), 71% of AP departments are automating in 2021. So, if you’ve been holding out & holding tight to your paper invoices and ledgers, now’s the time to be part of that 71% and jump on board with AP automation.
Country club statistics tell a story
Country club and golf industry statistics and trends tell a story about how things are changing. Members’ interests and priorities are shifting, and it's important that your club pivot to stay on top.
How much money did the government spend on golf courses in 2020?
In 2020, the federal government spent a total of $45,000 on Golf Courses & Country Clubs. It has awarded 1 contracts to 1 companies, with an average value of $45,000 per company.
What does market size by state mean?
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
What is compensation statistics?
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.
