Key Highlights
- The global golf industry was valued at approximately $84 billion in 2022
- There are over 37,000 golf courses worldwide
- The United States has about 15,000 golf courses, making it the country with the most courses
- In 2022, approximately 24.8 million Americans played golf
- The average annual golf spend per player in the US was around $1,000 in 2021
- The global golf equipment market is expected to reach $4 billion by 2025
- Women comprise roughly 24% of all golf participants globally
- The number of golf rounds played in the US decreased by about 10% from 2015 to 2020
- The average price per round of golf in the US is approximately $44
- The golf tourism industry generates approximately $12 billion annually worldwide
- 60% of golf courses in North America are privately owned, while 40% are public
- The number of women playing golf in the UK increased by nearly 7% in 2022
- In Australia, golf participation dropped by 4.4% in 2022, following declines in previous years
The golf industry, a colossal $84 billion global enterprise with over 37,000 courses worldwide, is experiencing dynamic shifts driven by technological innovation, evolving participation trends, and a growing focus on sustainability.
Equipment, Apparel & Technology
- The global market for golf simulators is projected to grow at a CAGR of 7% through 2028
- Golf equipment sales in North America reached $1.8 billion in 2022, a slight increase from the previous year
- The average price of a new golf club set in the US is approximately $700, with high-end sets exceeding $2,000
- Golf apparel sales grew by 10% in 2022, driven by lifestyle branding and fashion trends
- The use of advanced technology such as GPS rangefinders and swing analyzers is prevalent among 70% of avid golfers, enhancing engagement and performance
Equipment, Apparel & Technology Interpretation
Golf Courses & Infrastructure
- There are over 37,000 golf courses worldwide
- The United States has about 15,000 golf courses, making it the country with the most courses
- 60% of golf courses in North America are privately owned, while 40% are public
- The number of golf courses in Japan has declined by over 20% since 2000, due to economic and demographic changes
- Approximately 40% of golf facility operators plan to invest in course upgrades within the next year
- The average size of a golf course is about 6,500 yards, but varies significantly by location and design
- Nearly 50% of all golf courses in the US are located in California, Florida, and Texas, the top three states for golf courses
- The average round of golf takes four hours to complete, affecting course capacity and scheduling
- The use of eco-friendly and sustainable golf course practices has increased by 15% in the last five years, driven by environmental concerns
- The average number of holes played per round on a regular golf course is 18, though nine-hole courses are popular for convenience
- The number of artificial turf golf courses has increased by 12% over the past five years, offering an alternative to natural grass courses
- The number of golf course closures in the US was approximately 200 between 2020 and 2022, largely due to economic pressures
- The average annual revenue per golf course in the US is around $1 million, varying widely depending on location and size
- The percentage of golf courses offering twilight rates (discounted evening rounds) has increased to over 65% in the US, boosting late-day play
Golf Courses & Infrastructure Interpretation
Market Size and Economic Impact
- The global golf industry was valued at approximately $84 billion in 2022
- The global golf equipment market is expected to reach $4 billion by 2025
- The average price per round of golf in the US is approximately $44
- The golf tourism industry generates approximately $12 billion annually worldwide
- 78% of golf facilities in the US reported decreased revenue during the COVID-19 pandemic
- Nearly 80% of golf facilities in the US offer some form of food and beverage service, contributing significantly to revenue streams
- The global golf cart market is projected to reach $1.2 billion by 2027, growing at a CAGR of 6%
- The U.S. golf industry supports over 2 million jobs, generating substantial employment income
- The number of golf-related mobile app downloads increased by 14% in 2022, indicating growing digital engagement
- The golf industry’s contribution to tourism is valued at over $15 billion annually in the US alone, including travel, lodging, and recreation
- The revenue from golf club memberships in the US exceeds $4 billion annually, with country clubs accounting for a significant share
Market Size and Economic Impact Interpretation
Media & Events
- Major golf tournaments like The Masters and the U.S. Open attract over 20 million viewers worldwide
- The number of golf telecasts increased by 8% in 2022 compared to 2021, reflecting rising TV interest
- The number of golf-related YouTube channels surpassed 10,000 in 2022, reflecting rising digital content creation
Media & Events Interpretation
Participation & Demographics
- In 2022, approximately 24.8 million Americans played golf
- The average annual golf spend per player in the US was around $1,000 in 2021
- Women comprise roughly 24% of all golf participants globally
- The number of golf rounds played in the US decreased by about 10% from 2015 to 2020
- The number of women playing golf in the UK increased by nearly 7% in 2022
- In Australia, golf participation dropped by 4.4% in 2022, following declines in previous years
- The typical golfer is male, aged between 45 and 54, with a household income over $100,000
- The average age of a golf participant in the US is 47 years old
- The number of golf memberships in the US increased by 3% in 2022, reaching approximately 5.2 million members
- In Europe, golf participation increased by 2% in 2022, totaling over 5 million players
- The number of youth golf participants (under 18) in the US grew by 4% in 2022, reaching around 2.5 million
- The average golfer walks approximately 4.5 miles during a round of golf, contributing to fitness
- Approximately 65% of golf courses in the US participate in environmental certifications like Audubon Cooperative Sanctuary Program, promoting sustainability
- The average age of a golf course architect is around 52 years old, indicating a relatively seasoned profession
- The growth of urban golf courses and mini-golf facilities has increased by 9% over the last decade, catering to younger demographics
- 55% of golf players in the US identify as recreational rather than competitive, indicating broad leisure interest
- The use of mobile booking apps for tee times doubled in 2022, simplifying access and increasing usage
Participation & Demographics Interpretation
Sources & References
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