Golf Equipment Stores in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: August 2024
ANZSIC OD5629
Spotlight Report Revenue
$467.7m
Past 5-Year Growth
Profit
$XX.Xm
Employees
1,654
Businesses
364
Wages
$XX.Xm
Golf Equipment Stores in Australia industry analysis
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.
Trends and Insights
- Traditional golf equipment stores face intense competition from online retailers that offer lower prices and more variety. Many stores are enhancing instore experiences and expanding their online presence to combat this trend.
- 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 equipment sales.
- Golf equipment stores compete with online-only retailers and alternative sporting stores. Many golf stores have increasingly provided customisation and value-added services to limit competition from online-only retailers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.9 % over the past five years, to reach an estimated $467.7m in 2024.
Trends and Insights
The COVID-19 pandemic led to a boom in golf participation rates
- The pandemic prompted a boom in golf participation, representing a turning point for golf equipment stores after participation rates had declined steadily over the previous decade.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Golf’s popularity as a leisure activity will shape the industry's future performance
- Australian’s participation in golf directly influences demand for golf equipment stores.
Biggest companies in the Golf Equipment Stores in Australia
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.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
Golf clubs make up the bulk of industry sales
- Golf clubs are a crucial offering within golf equipment stores. They’re indispensable for the sport and are typically the costliest item available. That’s why golf clubs have the largest revenue share within the industry compared to other product segments.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Online Sporting and Physical Recreation Goods Sales in Australia
- Exercise Equipment Stores in Australia
Complementors
- Toy and Sporting Goods Manufacturing in Australia
- Toy and Sporting Goods Wholesaling in Australia
- Fitness and Athletic Clothing Stores in Australia
International industries
- Golf Equipment Stores in the US
- Sporting Goods Stores in Canada
- Sport and Camping Equipment Retailing in New Zealand
- Sporting and Outdoor Equipment Retailers in the UK
- Sporting & Outdoor Equipment Retailers in Germany
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Golf clubsGolf ballsGolf bagsOther golf equipmentCompanies
Purchase this report to view all major companies in this industry.
Related Terms
ECOMMERCELEISURE TIMEGOLFERSAUSPLAYIndustry Code
ANZSIC 4241 - Golf Equipment Stores in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
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...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Factors that influence volatility in the industry
- Key success factors for businesses to overcome volatility
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
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...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Purchase this report to unlock analyst insights.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Golf equipment stores compete with online-only retailers and alternative sporting stores. Many golf stores have increasingly provided customisation and value-added services t...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry is lightly regulated. Even so, golf equipment stores must comply with various state and territory regulations, including specific store trading hours.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
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...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
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.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Golf Equipment Stores industry in Australia in 2024?
The market size of the Golf Equipment Stores industry in Australia is $467.7m in 2024.
How many businesses are there in the Golf Equipment Stores in Australia industry 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.
Has the Golf Equipment Stores industry in Australia grown or declined over the past 5 years?
The market size of the Golf Equipment Stores industry in Australia has been growing at a CAGR of 2.9 % between 2019 and 2024.
What is the forecast growth of the Golf Equipment Stores industry in Australia over the next 5 years?
Over the next five years, the Golf Equipment Stores industry in Australia is expected to grow.
What does the Golf Equipment Stores in Australia include?
Golf clubs and Golf balls are part of the Golf Equipment Stores industry.
How competitive is the Golf Equipment Stores industry in Australia?
The level of competition is high and increasing in the Golf Equipment Stores industry in Australia.
