Industry Analysis & Industry Trends
While adverse conditions have plagued the industry in recent years, demand for golf courses and country clubs will return, as participation increases. As more baby boomers reach retirement and demand for golfing increases, the industry will experience modest growth. Nevertheless, improved demand will heighten competition among operators, and demand for other outdoor sporting activities will likely limit growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature phase of its life cycle. Growth within the industry has been minimal, but sustained demand for the industry's services has kept the sector in a mature stage. For instance, industry establishments are anticipated to grow at an annualized rate of 0.3% to 12,239 in the 10 years to 2019. Golf courses and country clubs have developed few new services and generally differentiate themselves by the quality of services and prices that they offer.
Over the 10 years to 2019, industry value added (i.e. the industry's contribution to the overall economy) is forecast increase at an average annual rate of 1.3%, which is below the projected annualized growth rate for GDP (2.7%) over the same period... purchase to read more