Global Golf Industry, Participation and Growth Forecast

• Publication date: January 2012
• Report size: 72 pages

EXECUTIVE SUMMARY Worldwide golf sport and equipments/supplies industry is highly fragmented with largest contribution coming from the US, Japan and some of the European countries. Golf industry has a large number of male participants than female while this trend is slowly changing and increasing number of women are entering into the golf business. India and China are emerging markets for this sport. Per capita income and demographi...

EXECUTIVE SUMMARY
Worldwide golf sport and equipments/supplies industry is highly fragmented with largest contribution coming from the US, Japan and some of the European countries. Golf industry has a large number of male participants than female while this trend is slowly changing and increasing number of women are entering into the golf business. India and China are emerging markets for this sport.
Per capita income and demographic trends leave a major influence over golf demand and participation. The US golf industry is one of the largest in the world and has advanced golf facilities. While in recent times, its growth rate is slower than expected because of the high cost involved in the game and present economic conditions of the US does not allow spending much on leisure activities. Golf apparel and accessories segment started gaining popularity due to rising per capita disposable income in all parts of the country. The golf industry, particularly equipment sales, is impacted by the participation rate, especially from a group of core golfers, and also by the number of rounds played.
Within Europe, a major portion of golf demand and supply comes from few countries wherein the UK and Ireland stands on top. The European golf industry is benefiting from rising golf participation rate in the UK and revenues generated from golf tours. A major portion of the demand for golf equipment is coming from Western part of the Europe, while Eastern Europe is also indicating rising interest of population in the sport. Manufacturers of golf equipments have reduced their production estimate for 2012 and 2013 due to falling national income and trade.
Golf industry in Asian region is expanding rapidly with growing income and rising golf tourists. It has been estimated that number of golfers in these regions increasing rapidly and generating need to serve rising number of members. India offers huge opportunities for golf industry with large number of population and rise in foreign tourist’s arrivals.
The present report on “Global Golf Industry, Participation and Growth Forecast” provides a detailed analysis of golf industry development worldwide with focus on Europe and the US markets. The study includes participation trend, impact of economy over golf industry, golf equipments demand and forecasts. The report has also analyzed industry trends, macro economy environment and driving forces accounting for change in the industry. ?

Key Findings
• Total golf course revenues were up 0.86% in 2010 and 1.10% in 2011 reaching to value of USD ~ billion and USD ~ billion. The figures suggest a positive growth in golf demand and supply while growth rate is relatively low.
• By 2016, the US golf course revenues will grow at a CAGR 3.75% led by positive growth in golf facilities and operations.
• In 2009 consumer purchases of golf supply/equipment declined by 11.45% reaching USD ~ compared to USD ~ billion in 2008. The US golf equipment market is expected to grow at a CAGR 3.08% from 2012-2016.
• Demand for golf equipments expected to be low in year 2012 due to loosing investor’s confidence, slow recovery and recent fall in golf tourism market.
• In the US, a fall in number of golf course closure has been witnessed during 2010, from ~ in 2007 to ~ golf course closures in 2010 (in 18-hole equivalents).
• In terms of direct revenues, European golf industry generated USD ~ billion in 2010 a percentage up from USD ~ billion in 2009. In 2011, golf facility operations reached USD ~ billion and USD ~ billion in 2009.
• In 2010, an increase in the number of golfers has been seen especially in a full length golf course in the UK.

Sporting Goods Industry in Europe

TABLE OF CONTENTS

1. Golf Industry Performance Worldwide
1.1. An Overview
1.2. Global Golf Equipment Demand
1.3. Global Golf Economy
2. The US Golf Industry
2.1. Industry Performance
2.1.1. Industry Segmentation
2.1.2. Golf Course Revenues
2.1.3. Golf Supplies/Equipment Market
2.2. The US Golf Equipment Industry Forecast
2.2.1. Cause and Effect Relationship
2.3. US Golf Economy
Number of Golfers
Rounds Played
Average Rounds Played
2.3.1. Golf Facilities in the US
2.3.2. Golf Course Closures
2.4. Golf Industry Trends and Developments in the US
2.5. The US Macro Economy Factors and Impact over Golf Industry
2.5.1. Population Growth and Golf Participants
2.5.2. The US Economy, Contribution of Golf Industry
2.5.3. Personal Disposable Income (Historical and Present Performance)
2.5.4. Inflation
2.6. The US Golf Industry Driving Forces
3. The European Golf Industry
3.1. Industry Performance
3.1.1. Golf Facility Operations Market
3.1.2. Golf Equipment Revenues
3.1.3. European Golf Industry Future Outlook
3.1.4. Cause and Effect Relationship
3.2. European Golf Economy
Number of Golfers by Demography
3.2.1. Golf Facilities
3.3. Golf Industry Trends and Developments
3.4. Golf Course Developments by Geography
3.4.1. Golf in Central & Eastern Europe
3.4.2. United Kingdom
3.4.3. Golf in Nordic countries
3.5. European Macro Economy Factors and Impact over Golf Industry
3.5.1. Europe Population
3.5.2. Gross Domestic Product
3.5.3. Inflation
3.6. Growth Drivers
4. Opportunities in Asian Markets
4.1. Developing Golf Facilities in China
4.2. Expanding Golf Equipment Market in India
4.3. Golf Merchandise Exposition
Golf Tourism in India
5. Industry Competition and Players Profile
5.1. Types of Players
5.2. Company Profiles
5.2.1. GolfSmith
5.2.2. Dick’s
5.2.3. Sports Authority
6. Appendix
6.1. Abbreviations
6.2. Definitions
6.3. Research Methodology
Data Collection Methods
Approach
6.4. Disclaimer

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LIST OF FIGURES
Figure 1: Golf Economy Structure
Figure 2: The US Golf Industry Segments 2011
Figure 3: The US Golf Course Revenues (2006-2011)
Figure 4: Golf Equipment Revenues in the US (2006-2011)
Figure 5: The US Golf Clubs Market by Value (2006-2011)
Figure 6: Golf Balls Retail Sales in the US (2006-2011)
Figure 7: The US Golf Equipment Market Forecast (2011-2016)
Figure 8: The US Golf Clubs Market Forecast (2011-2016)
Figure 9: Total Number of Rounds Played in the US (2006-2010)
Figure 10: Total Number of Golf Facilities in the US (2000, 2005 and 2010)
Figure 11: US Golf Course Closures (2006, 2007 & 2010)
Figure 12: Total Population in the US (2000-2010)
Figure 13: The US GDP at Current Prices (2000-2010)
Figure 14: Personal Disposable Income in the US (2000-2010)
Figure 15: The US inflation, Average Consumer Prices in % (2007-2015F)
Figure 16: The US Golf Participants by Age in 2010
Figure 17: Golf Participation by Working Group, 2011
Figure 18: Incremental Rounds Played by Aging Population in the US (2006-2015)
Figure 19: Golf Course Demand by Countries in Europe in 2011
Figure 20: Golf Course Supply by Countries in Europe in 2011
Figure 21: Golf Facility operations Revenues in Europe (2006-2011)
Figure 22: European Golf Equipments Market by Value (2006-2011)
Figure 23: European Golf Facility operations Direct Revenue Forecast (2011-2016)
Figure 24: European Golf Equipments Market Forecast by Value (20011-2016)
Figure 25: Percentage of Female Golfers in 2010
Figure 26: The UK Consumer Expenditure on Golf Equipment (2006-2010)
Figure 27: Europe GDP at Current Prices (2006-2010)
Figure 28: Dick’s Total Revenues (2006-2011)

LIST OF TABLES
Table 1: The US Export of Golf Balls to Countries Worldwide in 2009 by Value
Table 2: Relation between Independent factors and the US Golf Industry
Table 3: Total Number of Golfers in the US (Age 6+) (2006-2011)
Table 4: Change in Number of Rounds Played by States in 2010
Table 5: Missouri Golf Equipment and Supplies Retail Sales (2009-2011)
Table 6: Top Golf Courses in the US (2010)
Table 7: Opportunities & Threats in European Golf Industry
Table 8: EU Imports of Golf Equipments by Value & Volume (2006, 2008 & 2010)
Table 9: Relation between Independent Factors and the European Golf Industry
Table 10: Demographic Distribution of Number of Golfers in European countries in 2010
Table 11: EU Golf courses and Number of Registered Players by Demography in 2010
Table 12: Total Number of Golf Courses and Players by Demography in England (2006-2011)
Table 13: Total Number of Golf Courses and Players by Demography in Ireland (2006-2011)
Table 14: EU 27 Population aged between 65 years old or over, Present and Projections
Table 15: EU 27 Young Age Dependency Ratio, Present and Projections
Table 16: Population aged between 65 years old or over, Present and Projections
Table 17: GDP per Inhabitant in PPS, EU 27=100 (2010)
Table 18: Golfsmith Net Revenues and Gross Profit (Jan 2010 & Jan 2011)

Companies mentioned
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