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Golf Driving Ranges & Family Fun Centers in the US - Industry Market Research Report

Golf Driving Ranges & Family Fun Centers in the US - Industry Market Research Report

  • February 2021
  • 51 pages
  • ID: 209223
  • Format: PDF
  • Ibisworld

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For all ages: Rebounding domestic travel and sports participation rates will likely support revenue growth

Abstract

Golf Driving Ranges & Family Fun Centers in the US

The Golf Driving Ranges and Family Fun Centers industry is characterized by an extremely low level of market share concentration. Low market share concentration can be attributed to the industry being highly fragmented, consisting of many small businesses. Most industry enterprises are independently owned and operate a single establishment. Topgolf International Inc. is one of the largest companies operating in the industry.

Low barriers to entry expand number of companies

Barriers to entry for the Golf Driving Ranges and Family Fun Centers industry are low. Government regulations increase costs for new operators but are not considered to be relatively substantial barriers to entry. Barriers to entry for industry operators include rent costs, zoning laws, lengthy permit processes and a shortage of appropriate real estate. Due to the relative ease of entering the industry it is highly fragmented, resulting in no major players.

Competition thrives on technology, customer service and pricing
Industry operators compete internally based on type of facility, level of technology, facility location, customer service and pricing. Patrons of family fun centers typically seek competitive pricing, easy access to facilities and the latest equipment or trending activity. Many recreational clubs emphasize customer service as a point of differentiation and critical part of creating an excellent customer experience.

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.

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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