Australia
AU ANZSIC OD5629 | Industry Report | Spotlight

Golf Equipment Stores in Australia Industry Data and Analysis

MR
Matilda Reilly
Analyst Melbourne, Australia August 2024

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.

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What's included in this industry analysis

IBISWorld's research coverage on the Golf Equipment Stores industry in Australia includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released August 2024.

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About this industry

What's this industry report about?

The Golf Equipment Stores industry in Australia operates under the ANZSIC industry code OD5629. 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. Related terms covered in the Golf Equipment Stores industry in Australia include ecommerce, leisure time, golfers and ausplay.

What's included in this industry?

Products and services covered in Golf Equipment Stores industry in Australia include Golf clubs, Golf balls and Golf bags.

What companies are included in this industry?

The Golf Equipment Stores industry in Australia is highly fragmented with no companies holding a market share greater than 5%.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Golf Equipment Stores industry in Australia.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Golf Equipment Stores industry in Australia.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Golf Equipment Stores industry in Australia.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Golf Equipment Stores industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Golf Equipment Stores industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Golf Equipment Stores industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Golf Equipment Stores industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Golf Equipment Stores industry in Australia.

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Frequently Asked Questions

What is the market size of the Golf Equipment Stores industry in Australia in 2026?

The market size of the Golf Equipment Stores industry in Australia is $467.7m in 2026.

How many businesses are there in the Golf Equipment Stores industry in Australia 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 industry in Australia include?

Golf clubs and Golf balls are part of the Golf Equipment Stores industry in Australia.

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.

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