$467.7m
$XX.Xm
1,654
364
$XX.Xm
Golf equipment stores have faced mixed demand conditions over the past few years. Golf participation grew strongly at the start of the pandemic. Unlike other sports, golf's outdoor nature and the social distancing it naturally encourages led many people to participate. With more leisure time – and with other sporting activities restricted – consumers’ demand for golf equipment surged. In more recent years, fluctuating consumer sentiment and mounting cost-of-living pressures have prompted many consumers to cut back on discretionary spending, including on golf equipment. Overall, industry revenue is expected to have expanded at an annualised 2.9% over the five years through 2024-25, to $467.7 million. This includes an anticipated jump of 1.9% in 2024-25, as expected improvements in discretionary incomes and consumer sentiment encourage greater spending on golf equipment.
Industry revenue has grown at a CAGR of 2.9 % over the past five years, to reach an estimated $467.7m in 2024.
Market size is projected to grow over the next five years.
There are no companies that hold a large enough market share in the Golf Equipment Stores in Australia industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Golf clubs, Golf balls and Golf bags. Golf clubs is the largest segment of the Golf Equipment Stores in Australia.
Golf clubs make up the bulk of industry sales
Operators in this industry retail golf equipment to consumers, excluding shoes. Golf equipment stores offer a wide range of products, including golf clubs, balls, bags and accessories tailored for golfing.
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ANZSIC 4241 - Golf Equipment Stores in Australia
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Traditional golf equipment stores face intense competition from online retailers that offer lower prices and more variety. Many stores are enhancing instore experiences and e...
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The largest market for golf equipment stores consists of consumers aged 55 and over. Even so, greater golf participation from younger demographics is fuelling demand for golf...
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Golf equipment stores compete with online-only retailers and alternative sporting stores. Many golf stores have increasingly provided customisation and value-added services t...
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The industry is lightly regulated. Even so, golf equipment stores must comply with various state and territory regulations, including specific store trading hours.
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Cost structures vary across the Golf Equipment Stores industry, depending on the operator's size, range of products sold and value-added services offered. Purchase and wage c...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Golf Equipment Stores industry in Australia is $467.7m in 2024.
There are 364 businesses in the Golf Equipment Stores industry in Australia, which has grown at a CAGR of 2.0 % between 2019 and 2024.
The market size of the Golf Equipment Stores industry in Australia has been growing at a CAGR of 2.9 % between 2019 and 2024.
Over the next five years, the Golf Equipment Stores industry in Australia is expected to grow.
Golf clubs and Golf balls are part of the Golf Equipment Stores industry.
The level of competition is high and increasing in the Golf Equipment Stores industry in Australia.