Rolling along: The NJ industry will continue growing due to rising disposable income

The Golf Courses and Country Clubs industry in New Jersey has experienced steady growth over the five years to 2018, supported by growth in the state and national economies. This economic growth has caused the level of disposable income in New Jersey to increase at an annualized rate of 2.2% over the five years to 2018, enabling a larger percentage of the population of New Jersey to partake in leisure activities, especially those that are typically more expensive, such as golf. The Golf Courses and Country Clubs industry in New Jersey has also benefited from the large increase in consumer confidence at an estimated annualized rate of 11.5% over the five years to 2018...purchase to read more.

Industry Statistics & Market Size
Revenue
$865m
Annual Growth 13-18
2.3%
Forecast Growth 18-23
Profit
Employment
6,772
Businesses
227

Industry Threats & Opportunities

  • Many industry establishments in New Jersey are well-known and revered for their exclusivity
  • Industry Report - Industry Key Buyers Chapter

    • Industry concentration is inherently low due to the fragmented nature of this industry with the top four clubs and courses making up an estimated 6.9% of market share.• The Golf Courses and Country Clubs industry in New Jersey is primarily made up of private and municipal golf courses that only own and operate one facility and employ fewer than 20 people.• Many establishments function on reputations of exclusivity, discouraging them from franchising.• The large amount of land and capital required to build and run a golf course prohibits many establishments from establishing economies of scale...purchase to read more.

    Additional Insights for the Golf Courses & Country Clubs in New Jersey Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Golf Courses & Country Clubs in New Jersey 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 Per Capita Disposable Income in New Jersey and Households earning more than $100,000 in the Golf Courses & Country Clubs in New Jersey industry impact industry performance..

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    What's in this report

    What is the Golf Courses & Country Clubs in New Jersey 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
  • Membership
  • Greens fees
  • Food and beverage
  • Equipment rental and sales
  • Industry Activities
  • Operating golf courses and country clubs
  • Providing food and beverage services
  • Providing golf equipment rental services
  • Providing golf instruction services
  • Similar Industries
  • Amusement Parks
  • Ski & Snowboard Resorts
  • Bowling Centers
  • Golf Driving Ranges & Family Fun Centers
  • Hotels & Motels
  • Casino Hotels
  • Bed & Breakfast & Hostel Accommodations
  • Golf Courses & Country Clubs in California
  • Gym, Health & Fitness Clubs in California
  • Golf Courses & Country Clubs in New York
  • Gym, Health & Fitness Clubs in New York
  • Golf Courses & Country Clubs in Illinois
  • Gym, Health & Fitness Clubs in Illinois
  • Golf Courses & Country Clubs in Texas
  • Gym, Health & Fitness Clubs in Texas
  • Golf Courses & Country Clubs in Florida
  • Gym, Health & Fitness Clubs in Florida
  • Golf Courses & Country Clubs in Massachusetts
  • Gym, Health & Fitness Clubs in Massachusetts
  • Golf Courses & Country Clubs in Ohio
  • Gym, Health & Fitness Clubs in Ohio
  • Golf Courses & Country Clubs in Pennsylvania
  • Gym, Health & Fitness Clubs in Pennsylvania
  • Gym, Health & Fitness Clubs in New Jersey
  • Golf Courses & Country Clubs in Georgia
  • Golf Courses & Country Clubs in Michigan
  • Gym, Health & Fitness Clubs in Michigan
  • Golf Courses & Country Clubs in Wisconsin
  • Gym, Health & Fitness Clubs in Wisconsin
  • Golf Courses & Country Clubs in Washington
  • Gym, Health & Fitness Clubs in Washington
  • Golf Courses & Country Clubs in Virginia
  • Gym, Health & Fitness Clubs in Virginia
  • Golf Courses & Country Clubs in Tennessee
  • Gym, Health & Fitness Clubs in Tennessee
  • Gym, Health & Fitness Clubs in Missouri
  • Golf Courses & Country Clubs in North Carolina
  • Gym, Health & Fitness Clubs in North Carolina
  • Golf Courses & Country Clubs in Minnesota
  • Gym, Health & Fitness Clubs in Minnesota
  • Golf Courses & Country Clubs in Maryland
  • Gym, Health & Fitness Clubs in Maryland
  • Golf Courses & Country Clubs in Colorado
  • Gym, Health & Fitness Clubs in Colorado
  • Ski & Snowboard Resorts in Colorado
  • 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 in New Jersey
  • Households earning more than $100,000
  • Number of adults aged 50 and older in New Jersey
  • Time spent on leisure and sports
  • Consumer Confidence Index
  • Personal savings rate

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Golf Courses & Country Clubs in New Jersey Industry Lifecycle vs The Economy

  • 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
  • Membership
  • Food and beverage
  • Greens fees
  • Equipment rental and sales
  • Other
  • Chart: Golf Courses & Country Clubs in New Jersey Industry Products and Services Segmentation

  • Major Markets
  • Consumers ages 65 and older
  • Consumers aged 25 to 34
  • Consumers aged 55 to64
  • Consumers aged 35 to 54
  • Consumers aged 18 to 24
  • Consumers under the age of 18
  • Chart: Major Market Segmentation for the Golf Courses & Country Clubs in New Jersey Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Golf Courses & Country Clubs in New Jersey

  • Basis of Competition
    Barriers to Entry
    Baltusrol Golf Club, Pine Valley Golf Club, Plainfield Country Club, The Ridgewood Country Club,
  • Table: Baltusrol Golf Club - financial performance
  • Table: Pine Valley Golf Club - financial performance
  • Table: Plainfield Country Club - financial performance
  • Table: The Ridgewood Country Club - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Golf Courses & Country Clubs in New Jersey 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 Courses & Country Clubs in New Jersey Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer Spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Golf Courses & Country Clubs in New Jersey contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Golf Courses & Country Clubs in New Jersey:
    • 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 in New Jersey 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

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