Barrel of fun: Innovative offerings and rising disposable income will drive industry demand

Over the five years to 2017, the Golf Driving Ranges and Family Fun Centers industry exhibited strong revenue growth, despite a decline in leisure time available to consumers. Improved disposable income levels during the five-year period enabled US consumers to increase their entertainment purchases. However, the industry has contended with competition from alternative leisure activities, such as video games, which has driven operators to focus on convenience and customer experience. Per capita disposable income levels and consumer spending are anticipated to increase over the next five years; however, projected declines in consumer confidence are projected to mitigate the effects of this growth...read more.

Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 12-17
6.0%
Forecast Growth 17-22
Profit
Employment
175,357
Businesses
57,317
Market Share of Companies
There are no companies with a dominant market share in this industry
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Industry Threats & Opportunities

  • Companies have attempted to balance younger consumer retention with gaining older age cohorts’ business
  • As more households are time-strapped, local entertainment options will be more attractive
  • Pricing strategies will play a vital role in generating industry revenue growth
  • Industry Report - Starting a New Business Chapter

    Due to limited entry barriers, new establishments often find entering the Golf Driving Ranges and Family Fun Centers industry to be relatively easy. For example, while government regulations and requirements increase costs for new establishments, they are not considered to be substantial barriers to entry. Nonetheless, location is key for successful operations. Therefore, rent can be quite high due to strong commercial demand in high-traffic areas. However, new industry facilities can be opened in geographic regions with lower rental and building costs, if they are the only local competitor.Other barriers to entry include restrictive zoning laws, lengthy permit processes and a shortage of appropriate real estate. How...purchase to read more.

    Additional Insights for the Golf Driving Ranges & Family Fun Centers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Golf Driving Ranges & Family Fun Centers Industry are

  • Easy access for clients
  • Provision of appropriate facilities
  • Having a good technical knowledge of the product
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Time spent on leisure and sports in the Golf Driving Ranges & Family Fun Centers industry impact industry performance..

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    What is the Golf Driving Ranges & Family Fun Centers Industry?

    Industry operators provide recreational and amusement services through a variety of establishments, including golf driving ranges, miniature golf centers, go-kart racetracks, batting cages, family fun centers, recreational sports leagues and a wide assortment of outdoor recreational activities. This industry excludes arcades, themed amusement parks, gambling facilities, golf courses, country clubs, skiing facilities, marinas, fitness and recreational sports centers and bowling alleys.

    Industry Products
  • Amusement and recreation services
  • Fitness and recreational sport center services
  • Registration for sports tournaments and matches
  • Golf course and country club services and memberships
  • Meals and beverages
  • Coin-operated games and rides
  • Amateur sports teams and club services
  • Industry Activities
  • Go-karting
  • Batting cages
  • Driving ranges
  • Shooting ranges
  • Kayaking
  • Miniature golf courses
  • Mountain climbing
  • Snowmobiling
  • Sports clubs, teams and leagues, recreational or youth
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Time spent on leisure and sports
  • Demand from video games
  • Number of adults aged 20 to 64

  • Current Performance
  • Leisure time
  • Increasing competition
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Intensifying competition
  • Driving demand
  • Industry landscape
  • Table: Golf Driving Ranges & Family Fun Centers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Golf Driving Ranges & Family Fun Centers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Religious Organizations
  • Civic, Social & Youth Organizations
  • Public Schools
  • Colleges & Universities
  • Consumers

  • Key Selling Industries
  • Athletic & Sporting Goods Manufacturing
  • Gym & Exercise Equipment Manufacturing
  • Heating & Air-Conditioning Contractors
  • Plumbers
  • Sporting Goods Stores

  • Products & Services
  • Amusement and recreation services
  • Other
  • Amateur sports teams and club services
  • Coin-operated games and rides
  • Meals and beverages
  • Fitness and recreational sport center services
  • Registration for sports tournaments and matches
  • Golf course and country club services and memberships
  • Chart: Golf Driving Ranges & Family Fun Centers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 64
  • Consumers aged 25 to 44
  • Consumers aged 65 and older
  • Consumers aged 24 and younger
  • Chart: Major Market Segmentation for the Golf Driving Ranges & Family Fun Centers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Golf Driving Ranges & Family Fun Centers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Golf Driving Ranges & Family Fun Centers Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Golf Driving Ranges & Family Fun Centers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Golf Driving Ranges & Family Fun Centers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Bundling
  • A marketing strategy that involves offering several products for sale as one combined product.
  • Family Fun Center
  • A recreational center that provides various activities in one venue, including miniature golf, go-carts, batting cages and more.
  • Point-Of-Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Why buy this report?

    IBISWorld’s Golf Driving Ranges & Family Fun Centers Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Golf Driving Ranges & Family Fun Centers industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Driving Ranges & Family Fun Centers:
    • 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 Driving Ranges & Family Fun Centers 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 Driving Ranges & Family Fun Centers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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