Overview

In the rough: The industry's slim revenue growth is the result of weakened golf participation

The Golf Courses & Country Clubs industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$23bn
Annual Growth
12-17
0.4%
Annual Growth
17-22
Profit
Employment
299,098
Business
11,468

Industry Threats & Opportunities

  • Declining interest in golf and overambitious development have hindered industry revenue growth
  • High levels of unemployment and low per capita disposable income constrained profit margins
  • Little interest in golf participation may continue to limit the industry’s success
  • Industry Analysis & Industry Trends

    Over the five years to 2017, the Golf Courses and Country Clubs industry has struggled to make par due to waning interest in the sport among all but its eldest target demographics. Overambitious development resulted in some course closures over the five years to 2016, but the industry's long-term challenges concern how it will broaden the sport's appeal to new players. Despite a few inconsistent years, the Golf Courses and Country Clubs industry is projected to return to moderate growth due to higher corporate profit, rising disposable income and increased consumer sentiment. These factors will likely stimulate demand for industry clubs as people return to golf courses and country clubs.

    Industry Report - Industry Analysis Chapter

    Weakened consumer and business spending due to lingering levels of high unemployment caused the Golf Courses and Country Clubs industry to contract early during the five-year period. Since the industry’s success depends on the size of its consumer base, declining membership levels, which were largely due to the collapse in consumer sentiment and decreased household wealth, continued to hurt industry revenue through 2014. Additionally, according to data from the National Golf Foundation (NGF), golf participation rates for both the avid golfer and occasional golfer have been declining for the past decade. Inc

    Additional Insights for the Golf Courses & Country Clubs Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Golf Courses & Country Clubs Industry are

  • Easy access to further appropriate land for development
  • Economies of scale
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Households earning more than $100,000 and Consumer Confidence Index in the Golf Courses & Country Clubs industry impact industry performance..

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    Industry Products

    What is the Golf Courses & Country Clubs Industry?

    This industry is primarily engaged in operating golf courses and country clubs that have dining and recreational facilities. These establishments typically provide food and beverage services, equipment rental services and golf instruction. Golf courses can be public, private, semiprivate or an extension of a private country club. This industry excludes golf driving ranges, miniature golf courses and resorts and hotels that have on-site golf courses.

    Industry Products
    Memberships
    Green fees
    Food and beverages
    Equipment rentals and sales
    Other sales and services
    Industry Activities
    Operating golf courses and country clubs
    Providing food and beverage services
    Providing golf equipment rental services
    Providing golf instruction services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Households earning more than $100,000
  • Consumer Confidence Index
  • Per capita disposable income
  • Time spent on leisure and sports
  • Median age of population

  • Current Performance
  • High supply, low enthusiasm
  • Operators respond to participation trends
  • Necessary restructuring
  • Chart: Revenue Growth

  • Industry Outlook
  • Teeing off
  • Demand drives profitability
  • Industry landscape
  • Implementing marketing and technology
  • Table: Golf Courses & Country Clubs Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Golf Courses & Country Clubs Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Civic, Social & Youth Organizations
  • Public Administration
  • Consumers

  • Key Selling Industries
  • Beer Wholesaling
  • Car & Automobile Manufacturing
  • Farm Supplies Wholesaling
  • Footwear Wholesaling
  • Grocery Wholesaling
  • Sporting Goods Wholesaling
  • Wine & Spirits Wholesaling

  • Products & Services
  • Food and beverages
  • Memberships
  • Green fees
  • Equipment rentals and sales
  • Other sales and services
  • Chart: Golf Courses & Country Clubs Industry Products and Services Segmentation

  • Demand Determinants
  • Consumers aged under 18 years
  • Consumers aged 18 to 49 years
  • Consumers aged 50 years and older

  • Major Markets
  • Consumers aged 40 to 49
  • Consumers aged 30 to 39
  • Consumers aged 18 to 29
  • Consumers aged 50 to 59
  • Consumers aged 60 to 69
  • Consumers under 18
  • Consumers aged 70 and older
  • Chart: Major Market Segmentation for the Golf Courses & Country Clubs Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Golf Courses & Country Clubs

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Golf Courses & Country Clubs Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Golf Courses & Country Clubs Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Golf Courses & Country Clubs Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer Spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Green Fee
  • A fee paid to play a round of golf at a course.
  • Occasional Golfer
  • A golfer who only plays up to seven times a year and does not have a significant impact on industry revenue levels.
  • Regular Golfer
  • An avid golfer who plays at least 25 rounds annually, accounts for most golf-related spending and tends to have a greater influence on the industry.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Golf Courses & Country Clubs:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Golf Courses & Country Clubs market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Golf Courses & Country Clubs, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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