Key Highlights
- The global golf industry was valued at approximately $35 billion in 2023
- There are over 38,000 golf courses worldwide
- The United States has about 15,000 golf courses, accounting for nearly 40% of global courses
- The average golf course length in the United States is approximately 6,600 yards
- About 24 million Americans played golf in 2022
- The golf industry in the U.S. generates over $84 billion annually
- The number of women playing golf in the U.S. increased by 16% between 2015 and 2022
- Golf tourism is worth approximately $12 billion globally
- About 70% of golf facilities in the U.S. are privately owned
- The average green fee in the U.S. is around $50
- The number of golf rounds played in the U.S. was approximately 453 million in 2022
- The global demand for golf equipment is projected to grow at a CAGR of 3.8% from 2023 to 2030
- Artificial turf is increasingly used on golf courses, accounting for about 25% of playing surfaces worldwide
The global golf industry, valued at $35 billion in 2023 and encompassing over 38,000 courses worldwide, is experiencing dynamic growth driven by rising participation, technological innovation, and a strong push toward sustainability.
Golf Course Infrastructure and Development
- The United States has about 15,000 golf courses, accounting for nearly 40% of global courses
- The average golf course length in the United States is approximately 6,600 yards
- About 70% of golf facilities in the U.S. are privately owned
- The average green fee in the U.S. is around $50
- Artificial turf is increasingly used on golf courses, accounting for about 25% of playing surfaces worldwide
- Golf courses are responsible for roughly 2% of the total U.S. land use
- The number of golf courses in Africa is growing by approximately 4% annually
- About 10% of golf courses worldwide are located in Asia, with the majority in Japan and South Korea
- More than 60% of golf courses offer at least one eco-friendly certification, such as Audubon or GEO certifications
- Approximately 65% of golf courses in the U.S. have implemented water conservation measures
- The average number of holes per golf course worldwide is 18, but some courses feature up to 27 holes
- The average size of a golf driving range is about 10 acres, with some ranges extending over 50 acres
- The proportion of golf courses offering lessons has increased to 85% in the U.S.
- About 15% of golf courses worldwide have implemented renewable energy solutions such as solar panels
- About 45% of golf courses worldwide are located in North America, predominantly in the U.S. and Mexico
- The percentage of golf courses adopting LED lighting has increased to 65% in the past five years, enhancing efficiency and sustainability
- The average cost to build a new 18-hole golf course ranges between $1.5 million and $3 million, depending on location and design
Golf Course Infrastructure and Development Interpretation
Golf Equipment
- The global demand for golf equipment is projected to grow at a CAGR of 3.8% from 2023 to 2030
- The global golf equipment market is expected to reach $11 billion by 2027, growing at a CAGR of 4.2%
Golf Equipment Interpretation
Golf Equipment, Technology, and Sustainability
- The recycling rate of golf course grass clippings is over 80% in most golf facilities
- The average per-round spending by golfers in the U.S. is approximately $75, including greens fees, food, and merchandise
- The number of golf courses with integrated technology (GPS, apps, etc.) has increased by 55% since 2018
- About 74% of golfers worldwide use golf GPS devices or applications
- The adoption rate of sustainable practices among golf courses has increased by 40% over the past five years
- Golf cart accidents account for approximately 10% of golf-related injuries
- The use of drought-tolerant grasses has increased in golf courses by 30% since 2015
- The percentage of golf courses utilizing sustainable water management practices exceeds 50% in the U.S.
- Golf apparel sales account for approximately 18% of total golf industry revenue
- The number of golf courses with solar energy installations has increased by 70% since 2018
- The average lifetime of a golf ball is about 5,000 hits, but high-performance balls can last less due to specialized materials
- The adoption of drought-resistant grasses has led to a 15% reduction in water consumption per course since 2010
- The popularity of golf simulators grew by 35% in the last three years, driven by technological advances and pandemic restrictions
- The use of drone technology for course monitoring and marketing has increased by 50% since 2019
- The average annual expenditure on golf course equipment and supplies by courses is approximately $400,000 per course
Golf Equipment, Technology, and Sustainability Interpretation
Golf Participation and Demographics
- About 24 million Americans played golf in 2022
- The number of women playing golf in the U.S. increased by 16% between 2015 and 2022
- The number of golf rounds played in the U.S. was approximately 453 million in 2022
- The average age of a golfer in the U.S. is approximately 45 years old
- The number of junior golfers in the U.S. increased by 20% from 2015 to 2022
- The total number of golf rounds played annually in Asia is estimated at over 180 million
- The average age of first-time golf players has decreased from 35 to 31 in the past decade
- Approximately 60% of golf courses in the U.S. are open to the public, providing affordable access
- The majority of golf course revenues come from green fees, representing about 60% of total income
- The number of active golf players globally is estimated at over 80 million, with steady growth in emerging markets
- The global golf industry is expected to see a growth rate of 4.5% annually through 2030, driven by increased participation and tourism
- Players aged 55 and older make up approximately 40% of golfers in the U.S., showing an aging demographic
Golf Participation and Demographics Interpretation
Golf Tourism and Related Markets
- Golf tourism is worth approximately $12 billion globally
- The average green fee for a round of golf in Europe is about €35, significantly lower than in the U.S.
- Golf tourism accounts for roughly 20% of the global sports tourism market
Golf Tourism and Related Markets Interpretation
Industry Size and Economic Impact
- The global golf industry was valued at approximately $35 billion in 2023
- There are over 38,000 golf courses worldwide
- The golf industry in the U.S. generates over $84 billion annually
- The golf industry employs roughly 2 million people globally, including course staff, manufacturing, and retail
- The demand for electric golf carts is rising, with the global market expected to reach $1.2 billion by 2027
- The majority of golf courses in the U.S. are community-owned, accounting for 55% of all courses
- The annual global expenditure on golf course maintenance is estimated at $10 billion
- In 2022, the PGA Tour's revenue was approximately $1.4 billion, making it a significant player in the golf industry
- The number of indoor golf simulators in commercial facilities has increased by 60% since 2019
- The U.S. golf industry’s contribution to GDP is estimated at over $84 billion annually
- The revenue from golf retail stores in the U.S. exceeds $2 billion annually
Industry Size and Economic Impact Interpretation
Sources & References
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