IBISWORLD INDUSTRY RISK RATINGS REPORT
This is the replacement for IBISWorld's April Golf Courses & Country Clubs in the US Industry Risk Ratings Report.
Industry Risk Ratings Synopsis
This Industry Risk Ratings report is a detailed analysis of all risks related to the Golf Courses & Country Clubs in the US market . Our analyst consider Industry Risk to be 'the difficulty of the business immediate environment' .
The report analyses all risk related to the industry operations . Our analysts are looking at 3 kind of risks : Structural risks are risks related to the industry itself, Growth Risks are risks related to the expected growth and performance of the industry and External Risks are risks or threats coming from external forces .
This approach is new in that it analyses non-financial information surrounding each market . We are using score-cards to analyse the intensity of each risk within the industry, where 1 is the lowest intensity and 9 the highest . The Market Risk score measures expected Market Risk over the coming 12-18 months.
Market Definition
This market includes companies that operate golf courses as their primary activity and may include country clubs that have dining and other recreational facilities. These locations often provide food and beverage services, equipment rental services and golf instruction. Golf courses can be public, private, semiprivate or part of a country club. This market excludes golf driving ranges, miniature golf facilities and golf course resorts and hotels.
What Will You Find In This Report?
Risk Overview
The Risk Overview chapter includes sections on Market Definition and Activities, Market Risk Score and Risk Rating Analysis. The Market Definition and Activities section provides a detailed definition of the activities carried out by operators in this market as defined in NAICS. A list of the primary activities of the market is also included. The Market Risk Score section provides the Overall Market Risk Score as well as the Risk Scores for each of the three types of risk covered that combine to form the Overall Market Risk Score. These three types of risk are Structural Risk, Growth Risk and External Sensitivity Risk. The Risk Rating Analysis section discusses the underlying factors contributing to the Overall Market Risk Score.
Structural Risk
The Structural Risk chapter looks at risk arising from within the market itself and provides a detailed discussion of the market ’s level of exposure to seven key figures . These key figures are Barriers to Entry, Competition, Market Exports, Market Imports, Level of Assistance, Industry Status Stage and Volatility of Market . The Overall Structural Risk Score is a weighted aggregation of these seven key figures . Each of the key figures is discussed in detail in this section.
Growth Risk
The Growth Risk chapter looks at risks arising from the expected future performance of the market . The Overall Growth Risk Score is determined by amalgamating the scores for Recent Market Growth and Projection Market Growth. Detailed analysis is provided discussing the reasons for the growth scores of both.
Sensitivity Risk
The Sensitivity Risk chapter looks at risks arising from forces (sensitivities) external to the market . The Overall External Sensitivity Risk Score is determined by identifying the most significant (up to 6) external factors and weighting them to represent how significant each sensitivity is to the performance of the market . Examples of External Sensitivities are Exchange Rates, Interest Rates, Commodity Prices and Government Regulations. There is also a in-depth overview of the affect each of the sensitivities has on the market, including charts and data tables where appropriate.
Industry Risk and Market Risk Scoring Methodology
This chapter provides an overview of how IBISWorld defines Market Risk and discusses the methodology used to arrive at an Market Risk Score. There is also a table that provides a definition of the seven levels of Market Risk.
71391 - Golf Courses & Country Clubs in the US
Sporting Goods Industry in the United States
RISK OVERVIEW
Industry Definition & Activities
Industry Risk Score
Risk Rating Analysis
STRUCTURAL RISK
Barriers to Entry
Competitive Landscape
Domestic and International Demand
Industry Support
Life Cycle
Industry Volatility
GROWTH RISK
Recent Growth Analysis
Forecast Growth Analysis
SENSITIVITY RISK
Time spent on leisure and sports
Per capita disposable income
Competition from Substitutes - Clubs (Hospitality) - Golf Courses and Country Clubs
Households earning over USD 100,000
Median age of population
INDUSTRY RISK AND INDUSTRY RISK SCORING METHODOLOGY
What is Market Risk?
The Market Risk Scoring Methodology
Risk Rating Score Definition
