Golf Courses & Country Clubs in the US - Industry Market Research Report

Golf Courses & Country Clubs in the US - Industry Market Research Report

  • August 2021 •
  • 39 pages •
  • Report ID: 209221 •
  • Format: PDF
Going for green: Rising disposable income will likely stimulate demand for industry establishments

Abstract

Golf Courses & Country Clubs in the US
Over the five years to 2019, the Golf Courses and Country Clubs industry has expanded, although at a slower pace than the overall economy. Overall, the industry’s biggest long-term challenge is broadening the sport’s appeal to new players. Golf courses and clubs have particularly struggled to attract younger players, with many finding the clubs to be too conservative with respect to etiquette and the sport too difficult to learn. Nevertheless, industry operators benefited from expanding consumer confidence during the period, as well as a growing number of consumers earning more than $100,000. The industry is projected to continue recording moderate growth over the five years to 2024 due to rising corporate profit and per capita disposable income. These factors are expected to likely stimulate demand for industry establishments, as cash-rich consumers turn to golf courses and country clubs as a form of entertainment.

This industry is primarily engaged in operating golf courses and country clubs that have dining and recreational facilities. These businesses 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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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