Golf Driving Ranges & Family Fun Centres in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 71399CARevenue
$2.5bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
18,742
Businesses
8,846
Wages
$XXX.Xm
Golf Driving Ranges & Family Fun Centres in Canada industry analysis
Golf driving ranges and family fun centres have contracted in line with high fixed operational costs and volatility in consumer attendance rates. As per capita leisure time has dwindled, a high prevalence of time-strapped consumers made it arduous for driving ranges and fun centers to attract customers. These establishments rely on in-person attendance and physical engagement, so they saw a drastic drop in attendance when activities were restricted, and tourism reached a standstill in 2020. As restrictions eased and public recreational spending rebounded, these businesses were able to bounce back. Revenue rose at a CAGR of 0.4% to an estimated $2.5 billion over the years to 2024, despite an estimated 4.5% drop in 2024 alone as a spike in unemployment curbs demand for recreational spending.
Trends and Insights
- Golf driving ranges and family fun centers grapple with low per-visit spending. Even though more families are visiting establishments, they’re not spending enough to significantly boost revenue, making it tough for these centers to stay profitable.
- Driving ranges and family fun centres are adding healthy options and buffets to attract older demographics and diversify their revenue streams. Merchandise sales are dwindling, but food and beverage sales pick up the slack.
- Ontario leads the pack for golf driving ranges and family fun centres. This province's dense population and tourist attractions make it a prime spot for these recreational businesses.
- Golf driving ranges & family fun centres face significant competition from alternative recreational activities. They vie for individuals' limited leisure time against various other entertainment options.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $2.5bn in 2024.
Trends and Insights
High discretionary spending levels buoy the industry
- Family fun centers have sought to differentiate their offerings from home gaming options by focusing on physical and interactive attractions. Attractions that require movement and physical engagement, like laser tag, trampolines and rock-climbing walls promote exercise and social interaction, which are not possible with sedentary home gaming.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Rising health consciousness boosts driving ranges and family fun centres
- Many family fun centres will focus on emphasizing the fitness aspect of their product offerings. This shift will align with rising public interest in healthier living.
Biggest companies in the Golf Driving Ranges & Family Fun Centres in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Funhaven Entertainment Centre | 9.9 | N/A | N/A | |
Midway Family Fun Park | 2.0 | N/A | N/A |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Fitness, amusement and recreational sports centre activities and services, Coin-operated games and rides and Amateur sports teams and club services. Fitness, amusement and recreational sports centre activities and services is the largest segment of the Golf Driving Ranges & Family Fun Centres in Canada.
Trends and Insights
Demand wanes for coin-operated games and rides
- Family fun centres offer arcade and redemption games, with patrons purchasing tokens. To increase demand for this product segment, some family fun centres have directly targeted downstream markets, such as schools and childcare facilities.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Amusement Parks & Arcades in Canada
- Gym, Health & Fitness Clubs in Canada
Complementors
- Golf Courses & Country Clubs in Canada
International industries
- Golf Driving Ranges & Family Fun Centers in the US
- Indoor Sports Facilities Management in the US
- Shooting Ranges in the US
- Sports and Recreation Facilities Operation in Australia
- Sports and Recreation Facilities Operation in New Zealand
Table of Contents
About this industry
Industry definition
This industry provides recreational and amusement services through a variety of establishments, including golf driving ranges, miniature golf centres, go-kart racetracks, batting cages, family fun centres, recreational sports leagues and a wide assortment of outdoor recreational activities. The industry excludes arcades, themed amusement parks, gambling facilities, golf courses, country clubs, skiing facilities, marinas, fitness and recreational sports centres and bowling alleys.
What's included in this industry?
Fitness, amusement and recreational servicesAmateur sports teams and club servicesCoin-operated games and ridesMerchandise, meals and beveragesDriving ranges and other recreational activitiesCompanies
Funhaven Entertainment CentreMidway Family Fun ParkPurchase this report to view all 2 major companies in this industry.
Related Terms
BUNDLING FAMILY FUN CENTREPOINT-OF-SALE (POS)REDEMPTION GAMESIndustry Code
NAICS 71399 - Golf Driving Ranges & Family Fun Centres in Canada
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
Golf driving ranges and family fun centers grapple with low per-visit spending. Even though more families are visiting establishments, they’re not spending enough to signific...
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
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Driving ranges and family fun centres are adding healthy options and buffets to attract older demographics and diversify their revenue streams. Merchandise sales are dwindlin...
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
Ontario leads the pack for golf driving ranges and family fun centres. This province's dense population and tourist attractions make it a prime spot for these recreational bu...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- 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 driving ranges & family fun centres face significant competition from alternative recreational activities. They vie for individuals' limited leisure time against various...
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
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry is fragmented with no single company capturing any significant market share. This is because of the diverse nature of product offerings and the hyper-localized m...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Funhaven Entertainment Centre's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Midway Family Fun Park's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Funhaven Entertainment Centre, and factors influencing its performance in the industry
- Description and key data for Midway Family Fun Park, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Golf driving ranges & family fun centres face increased risks thanks to scarce leisure time. While retaining customers is more challenging, rising per capita disposable incom...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Companies' cost structures vary by size and services offered. Larger companies spend more on marketing to attract large crowds and build brand awareness, while smaller compan...
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
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- 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 Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
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 Driving Ranges & Family Fun Centres industry in Canada in 2024?
The market size of the Golf Driving Ranges & Family Fun Centres industry in Canada is $2.5bn in 2024.
How many businesses are there in the Golf Driving Ranges & Family Fun Centres in Canada industry in 2024?
There are 8,846 businesses in the Golf Driving Ranges & Family Fun Centres industry in Canada, which has grown at a CAGR of 2.9 % between 2019 and 2024.
Has the Golf Driving Ranges & Family Fun Centres industry in Canada grown or declined over the past 5 years?
The market size of the Golf Driving Ranges & Family Fun Centres industry in Canada has been growing at a CAGR of 0.4 % between 2019 and 2024.
What is the forecast growth of the Golf Driving Ranges & Family Fun Centres industry in Canada over the next 5 years?
Over the next five years, the Golf Driving Ranges & Family Fun Centres industry in Canada is expected to grow.
What are the biggest companies in the Golf Driving Ranges & Family Fun Centres market in Canada?
The biggest companies operating in the Golf Driving Ranges & Family Fun Centres market in Canada are Funhaven Entertainment Centre and Midway Family Fun Park
What does the Golf Driving Ranges & Family Fun Centres in Canada include?
Fitness, amusement and recreational services and Amateur sports teams and club services are part of the Golf Driving Ranges & Family Fun Centres industry.
Which companies have the highest market share in the Golf Driving Ranges & Family Fun Centres in Canada?
The company holding the most market share in Canada is Funhaven Entertainment Centre.
How competitive is the Golf Driving Ranges & Family Fun Centres industry in Canada?
The level of competition is moderate and increasing in the Golf Driving Ranges & Family Fun Centres industry in Canada.
