$31.3bn
$XXX.Xm
271k
8,800
$XX.Xbn
Over the past five years, golf courses and country clubs have faced large dips, but have ultimately grown their revenue thanks to a post-pandemic boost. The biggest long-term challenge with the growth for club and course operators is broadening golf's appeal to new players. Golf courses and clubs have struggled to attract younger players, with many finding clubs to be too conservative and the sport too difficult to learn. Golf can be a costly hobby for individuals, so course operators have benefited from a growth in per capita disposable income recently, along with a growing number of consumers earning more than $100,000. Overall, revenue rose at a CAGR of 1.8% to $31.3 billion, including a rise of 0.3% in 2023 alone.
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated $31.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
ClubCorp Inc. | 1,719.3 | 22.4 | 1.3 | |
Century Golf Partners Management | 859.7 | 11.2 | 1.3 | |
Billy Casper Golf LLC | 465.5 | 6.1 | 1.3 |
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Industry revenue is measured across several distinct product and services lines, including Memberships, Green fees and Food and beverages. Memberships is the largest segment of the Golf Courses & Country Clubs in the US.
Memberships are on the rise
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.
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NAICS 71391 - Golf Courses & Country Clubs in the US
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Participation in the game of golf has declined in recent years. This has had a negative impact on the industry.
Learn about an industry's products and services, markets and trends in international trade.
Memberships and green fees are just one source of revenue. Courses and country clubs make a lot from other ventures, like food and beverage sales and equipment rental.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
A successful course should be established in an area with land available for a good price. A temperate climate allows playing year-round.
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There is competition between many small companies and a few large operators over the same populations. The existence of small companies prevents large ones from growing their...
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Major players in this industry have labor forces varying drastically in size. Some players employ between 10,000 and 30,000 employees, while others employ far less, between 6...
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Upcoming growth in demand is suggested by multiple external drivers. The growth in disposable income, rise in consumer confidence and the increasing number of households earn...
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Larger companies benefit from economies of scale, reducing their costs significantly compared to smaller operators.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Golf Courses & Country Clubs in the US industry in United States is $31.3bn in 2024.
There are 8,800 businesses in the Golf Courses & Country Clubs in the US industry in United States, which has declined at a CAGR of 1.7 % between 2019 and 2024.
The market size of the Golf Courses & Country Clubs in the US industry in United States has been growing at a CAGR of 1.8 % between 2019 and 2024.
Over the next five years, the Golf Courses & Country Clubs in the US industry in United States is expected to grow.
The biggest companies operating in the Golf Courses & Country Clubs market in United States are ClubCorp Inc., Century Golf Partners Management and Billy Casper Golf LLC
Operating golf courses and country clubs and Providing food and beverage services are part of the Golf Courses & Country Clubs in the US industry.
The company holding the most market share in United States is ClubCorp Inc..
The level of competition is high and steady in the Golf Courses & Country Clubs in the US industry in United States.