Industry Analysis & Industry Trends
The industry's performance will shape up over the next five years, after declining golf participation rates hurt demand during the recession. As the economy improves, a rising number of golfers will contribute to industry growth. Also, demand for electric-powered golf carts will be a source of growth over the next five years.... purchase to read more
Industry Report - Industry Locations Chapter
The distribution of industry locations is concentrated in the Southeast region, which has a high proportion of golf courses and comparatively low labor costs. A high number of golf courses ensures a market for golf carts and low shipping costs for producers. Industry firms also benefit from low labor costs and can widen profit margins by paying lower relative costs for workers in comparison to other parts of the United States. Car manufacturers also follow this trend by having manufacturing facilities in the same region, to benefit from lower relative labor costs.
The Master's Golf Tournament, a major golf event, takes place annually in Augusta, GA. This fact prompted many manufacturers to cluster around the area to benefit from greater interest in golf around that area... purchase to read more